6 d. ago America’s Private Equity Legal Experiment is Coming for London Law Firms—And Their Clients

America’s Private Equity Legal Experiment is Coming for London Law Firms—And Their Clients  Law.com

Economics

7 d. ago UK private equity firms sharply increase use of offshore funds

University of Glasgow researcher says trend raises transparency concerns for investors

Economics

1 week ago Elon Musk’s xAI announces it has raised $20bn amid backlash over Grok deepfakes

AI company’s chatbot faces criticism over its generation of sexualized, nonconsensual images of women and girlsElon Musk’s artificial intelligence company has raised $20bn in its latest funding round, the startup announced Tuesday, even as its marquee chatbot Grok faces backlash over generating sexualized, nonconsensual images of women and underage girls.xAI’s Series E funding round featured big name investors, including Nvidia, Fidelity Management and Resource Company, Qatar’s sovereign wealth fund, and Valor Equity Partners – the private investment firm of Musk’s longtime friend and former Doge member Antonio Gracias. The funding round exceeded its initial $15bn target, according to xAI’s press release. The company touted Grok’s image generation abilities in the announcement of its latest funding round Continue reading...

Politics

1 week ago Claire’s and The Original Factory Shop near collapse, putting 2,550 jobs at risk

Owner Modella starts insolvency proceedings for both chains, saying trading is ‘extremely challenging’The retailers Claire’s and The Original Factory Shop are on the brink of administration, putting 2,550 jobs at risk.Both chains are owned by Modella Capital, a private equity firm, which recently bought the high street arm of WH Smith – renamed TG Jones. Modella said in a statement that the climate on UK high streets was “extremely challenging” and data suggested “an alarming drop-off in pre-Christmas footfall”. Continue reading...

Society

1 week ago Burger King UK’s owner agrees proposed deal to buy Interpath

Private equity firm HIG Capital is selling Interpath five years after it bought the former restructuring arm of KPMG.

Economics

2 w. ago Another year, another manager – but it is unfair to paint Chelsea’s project as a flop | Jacob Steinberg

Enzo Maresca got the sack because of his actions. That does not mean the club’s structure needs a complete overhaulSome clubs build around their manager. Eddie Howe is hugely influential at Newcastle and Aston Villa are pretty much Unai Emery FC these days. Chelsea, though, have adopted an alternative model. They have a team of five sporting directors, led by Paul Winstanley and Laurence Stewart, and do not want one person to hold all the power.Yet the question many are asking in the wake of Enzo Maresca’s demise is whether the template will yield success at the very highest level. It is never quiet at Chelsea. They are often busy in the transfer market, meaning there is an element of players coming and going, and they are now looking for their fifth permanent head coach since a consortium led by Todd Boehly and Clearlake Capital, a private equity firm run by Behdad Eghbali and José E Feliciano, bought the club from Roman Abramovich in 2022. Continue reading...

Society

2 w. ago Private equity firms sell assets to themselves at a record rate

So-called continuation vehicles set to account for a fifth of sales by the sector in 2025

Economics

2 w. ago CT, London private equity firms to back Spanish grocer purchase with $547M loan

CT, London private equity firms to back Spanish grocer purchase with $547M loan  Hartford Business Journal

Economics

3 w. ago Great Barrier Reef’s Hamilton Island to be bought by US private equity firm in reported $1.2bn sale

Blackstone says it has agreed to buy popular Whitsundays island from Australian winemaking familyFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastHamilton Island, a popular tropical holiday destination on the Great Barrier Reef, has been sold to a US private equity firm, reportedly for $1.2bn.New York-headquartered Blackstone – which owns the casino-hotel chain Crown Resorts – released a statement on Tuesday night announcing it had entered into an agreement to acquire the Hamilton Island resort from the Oatley family, subject to customary regulatory approvals. Continue reading...

Economics