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...Advocates of private equity say it can be used to boost growth and introduce a more compelling incentive structure for partners and staff....
...US accounting firms have been flirting with private equity for several years, attracted by the ability to put an equity value on a firm that has historically paid out most of its earnings to partners....
...General Atlantic’s expansion push comes as some prominent private equity groups consider public listings, while others sell to strategic partners with broader financial resources....
...KPMG sold the insolvency and restructuring business to private equity group HIG Capital in 2021....
...Hollywood entertainment group Endeavor and its private equity partner Silver Lake, which have controlled Learfield since 2018, will become minority partners under the restructuring terms....
...Alongside Warburg, a group of older private equity managers such as Clayton, Dubilier & Rice, CVC Capital Partners, TA Associates and GTCR have all recently closed large funds above their targets....
...Son bought the Woodside estate 11 years ago, paying $117.5mn — then the most for a US residential property — to acquire the property from Tully Friedman, co-founder of private equity giant Hellman & Friedman...
...“It creates an equity culture so that partners are focused on how to grow the equity value of the business and not just their own individual book of business.”...
...Jana Partners, the prominent US activist fund with around $2bn in assets, announced on Wednesday that it would work alongside Cannae Holdings, a financial sponsor holding company....
...In 2009, like countless other private-equity hopefuls scouting for deals, 3G Capital’s partner Daniel Schwartz screened a bunch of undervalued companies. He came across Burger King....
...Last month, General Atlantic agreed to roll most of its 52 per cent stake in software group EngageSmart into a $4bn buyout led by Vista Equity Partners, two years after General Atlantic listed it on the...
...Such transactions might help to stem companies’ debt problems in the short term, while helping to preserve buyout firms’ equity....
...In September CVC Capital Partners paid €1bn for infrastructure fund manager DIF Capital Partners, which is of a similar size as Actis....
...Last year private equity group Francisco Partners agreed to buy financial data provider Macrobond for almost €700mn, while in 2022 Permira gained control of Reorg in a deal that valued the distressed debt...
...Some of the biggest fund launches from 2023 included London-based equity hedge fund Ilex Capital Partners and New York-based hedge fund Surgocap, which launched with $2.1bn and $1.8bn in capital, respectively...
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...The new conditions will test industry giants such as Blackstone and Carlyle, and dozens of fast-growing firms including Thoma Bravo, Vista Equity Partners and Platinum Equity, which have seen their assets...
...However, the latest slew of Mang investments are about more than pure financial calculation and do not always involve direct equity participation....
...TPG Growth has named Aaron Matto as a partner in San Francisco. He joins from technology-focused private equity firm True Wind Capital....
...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....
...Shleifer will remain as a senior adviser to Tiger, while his private equity role will be replaced with an investment committee chaired by Coleman and consisting of Shleifer and partners Evan Feinberg, Eric...
...Partners after the software- focused buyout firm’s billionaire founder Robert Smith was embroiled in a tax scandal, according to people familiar with the matter....
...The transaction will see existing shareholders, including Swedish investment firm Valedo Partners, cash out....
...RedBird IMI has already exercised the option to carry out the debt-for-equity swap, although the completion of its takeover will not be finalised until regulators clear the deal....
...Private equity firm Welsh, Carson, Anderson & Stowe has hired Megan Callahan as an operating partner. She was previously operating chief of digital healthcare group Twill....
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