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...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...US private equity group General Atlantic has agreed to buy London-based infrastructure fund manager Actis, a combination further underscoring a wave of consolidation gripping private markets....
...That lets them turn a quick profit by dumping their new shares, often in waves, further driving down the share price. “That’s the death spiral,” said Basile....
...A wave of leveraged buyouts of smaller accounting firms stalled, however, in the wake of rising interest rates and scepticism from regulators and management teams about handing private equity an ownership...
...Axel Springer’s Döpfner expressed optimism that deals would be reached because both media organisations and policymakers have grasped the scale of the challenge more quickly than during the last big wave...
...Its push comes as rising interest rates have bolstered yields of credit portfolios and raised hopes among distressed debt investors that a wave of bankruptcies could create opportunities....
...Brain’s include the transformer, an AI technique that is the foundation of the new wave of generative-AI products, including ChatGPT and Google’s own chatbot Bard....
...However, despite the thiccc yields that BDCs offer/promise it seems unlikely that the current ripple of IPOs will become a wave....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...Castore is looking to accelerate its growth in global sport following a wave of sponsorships with elite teams across football, Formula One motor racing, cricket and rugby....
...The difference this time is that the new wave of smart glasses, led by Meta’s Ray-Bans, are infused with artificial intelligence....
...Zeroing in on the largest gainers at the peak of each wave revealed that the leaders of the AI wave were older and far more dominant than those of the past....
...Years of low interest rates have attracted a wave of “tourist capital” into private equity, said Moakes....
...In today’s newsletter: Private equity’s tactics under investor scrutiny Warburg Pincus keeps it old school The wave of UBS/Credit Suisse lawsuits Private equity’s financial engineering plays face scrutiny...
...For a trial that is meant to lay the ground for a wider wave of antitrust actions against Big Tech, there have been few dramatic moments like this to punctuate the proceedings....
...flotation was closely watched as a test of the health of the broader IPO market, and its warm reception — shares jumped 25 per cent on the first day of trading — has bolstered investors’ hopes of a further wave...
...Companies rated single-B and below have $200bn in debt due in 2024-25 and about $1.1tn in 2024-28, and some dealmakers believe a wave of bankruptcies and firms turning over their investments to their lenders...
...Back in 2012 the SEC halted trading in almost 400 “dormant companies” after a wave of Chinese companies with dubious accounting had listed in the US via reverse merger....
...Dealmakers become the deal Private equity is in for a massive wave of consolidation, Partners Group boss David Layton told the FT in an interview....
...Sajwani said he hoped to take advantage of the “softened” market and an upcoming wave of refinancing in order to buy assets that owners can no longer afford to keep....
...Days earlier, TPG struck a $2.7bn deal to buy privately held distressed debt giant Angelo Gordon, underscoring a wave of consolidation in private markets....
...On Thursday, Rowan warned of a bleaker future for the buyout industry, as dealmakers are forced to work overtime for their gains, instead of riding a wave of cheap money and soaring valuations....
...Virtu chief executive Doug Cifu said the second quarter began badly as investors worried about a wave of turmoil in the banking sector, but subsequently improved....
...It spurred a wave of similar offerings as Blackstone, KKR, Apollo and Carlyle all eventually went public....
...GTCR’s headquarters are steps away from its longtime legal adviser Kirkland & Ellis, which has ridden the private equity wave to become the world’s largest law firm....
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