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Accounting firms, consultancies and other professional services take outside cash to fund growth
The sums of capital the sector wields could be critical to financing a sustainable economy, but greater transparency and accountability are needed to ensure this happens
Ziyavudin Magomedov says US buyout group unlawfully sold stake in port business
Plus the courtroom drama behind Apollo’s $500mn loan sale and another Greensill-related legal fight
Partnership needs to find a new leader before it can countenance external approaches
US buyout group had proposed to take stake in consulting arm
Deal with private equity group would allow Big Four firm to revive break-up plan
TPG deal for Angelo Gordon highlights the drivers of concentration of power in the industry
The evaporation of TPG’s $450mn investment shows what can happen when Wall Street collides with an uncontrollable creative industry
Buyout group will pay $970mn in cash but predominantly use stock to complete the acquisition
Maiden earnings after IPO boosted by higher assets under management and fees
Plus, a scandal-hit City law firm preps to go public and an American football billionaire chases far-off fortunes in Florence
Successful listing comes as IPO market grapples with poor performance and volatility
Management fees outweigh performance fees for outside investors in buyout groups
Historic rivals have cannily switched into duller areas of investing since listing
Private equity group plans to raise almost $900m to help fund expansion plans
Buyout firm to follow larger rivals such as Blackstone with stock market listing
Plus, Covid puts a damper on Wall Street’s bonus celebrations and a Swiss fund manager’s history with Greensill comes back to bite
TPG joins the wave of private equity groups going public
Texas-based firm with $109bn in assets under management has weighed listing for a decade
As filming returns to pre-pandemic levels, buyout groups are spending huge sums on production facilities
Move puts buyout group on path blazed by Blackstone, KKR and Apollo Global Management
Co-founder James Coulter becomes executive chair in latest transition of power in the private equity industry
Sudden interest in phone payments holding company makes telecoms group’s stock look undervalued
Deal values satellite broadcast provider at $16.3bn, far less than what telecoms group paid for it
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