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...Grant Thornton is the seventh-largest accounting firm in the US with $2.4bn in annual revenue. The sale of a majority stake to New Mountain represents the biggest private equity deal in the sector....
...Chicago-based Grant Thornton is the seventh largest accounting firm in the US after the Big Four, RSM and BDO, with $2.4bn in revenue in its past financial year, which ran to July 2023....
...Its five-year annualised return of 2.8 per cent trails almost all mid-cap growth and technology funds over the same span....
...Sales at Interpath’s advisory business climbed to £26.9mn, up from £2.8mn a year earlier....
...GM’s quarterly investments in Cruise run to about $700mn. Its driverless vehicles have been operating in certain US cities including San Francisco as a taxi service....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...The $2.3bn telecoms equipment maker has made a recommended £1bn bid for London’s Spirent, which will be partly financed via a $400mn convertible pay-in-kind toggle loan from Silver Lake....
...Culture secretary Lucy Frazer on Tuesday said she was “minded to refer” the sale of the British news organisation to a phase 2 investigation by the Competition and Markets Authority, the antitrust watchdog...
...Cannae’s own net asset value per share of $2.4bn, or $34 per share, is well above its trading price of $22 per share....
...In 2023 Silver Lake acquired software provider Qualtrics for more than $12bn and privatised European technology company Software AG for about €2.6bn....
...Funds operated by Wood’s firm Ark Investment Management LLC have bought about 216,000 shares of the company over investments made on Dec. 20 and Jan. 3, according to Ark’s daily trading data compiled by...
...Hedge fund manager Greg Coffey in talks to acquire EM boutique Emso (FT) Mike Ashley’s game of spoof over legal bill ‘quite serious’, says Morgan Stanley banker (FT) Microsoft, OpenAI and Nvidia back $2.6bn...
...Bridgewater, which in 2022 lost its place at the top of the all-time rankings to Citadel, fell a further two places to fourth, losing $2.6bn....
...The Glazers entrusted Raine Group with United’s future after the US investment bank led the sale in May 2022 of Chelsea FC, achieving a price of £2.5bn in an accelerated process due to the sanctions imposed...
...But subordinating investment policy to tax minimisation is a choice, not a necessity....
...Ardonagh is owned by Madison Dearborn and HPS Investment Partners....
...It said together with Tamil Nadu’s state government, it would “work toward a total investment of up to USD 2 billion”....
...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...
...TPG, which went public in 2022, recently used its stock to help finance the $2.7bn purchase of credit manager Angelo Gordon....
...The QIA is Barclays’ second-biggest shareholder, according to Bloomberg data, and the stock sale is expected to reduce its stake from 5.3 per cent to 2.9 per cent....
...Meanwhile, Amazon improved its income by $2.8bn in 2022 thanks to a reduction in depreciation costs of $3.6bn as it extended the life of its servers from four to five years....
...In Messi, Inter Miami signed a star with the power to attract eyeballs all over the world to Apple TV, which had already agreed a 10-year deal worth $2.5bn to screen Major League Soccer matches globally....
...It bought out a remaining 37 per stake in insurer Global Atlantic for $2.7bn and reorganised its operations to focus shareholders on the long-term growth of its fee-based earnings, and insurance and investment...
...That is up from $2.8bn of inflows for the whole of 2022....
...Expectations picked up on a three-year horizon, rising to 2.9 per cent from 2.7....
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