Big Four told to outline plans for audit split in UK by October

Big Four told to outline plans for audit split in UK by October

The UK’s Big Four accounting firms have until 2024 to separate their audit practices following a severe edict from the accounting regulator that marks the largest shake-up of the industry in decades. The Financial Reporting Council (FRC) has issued principles for the...
Secondary fundraising stays strong despite pandemic

Secondary fundraising stays strong despite pandemic

The coronavirus pandemic stalled deal activity in the secondary market in the first half of the year, but secondary funds continue to find favor as investors bet that deals will pick up as the pandemic eases. “Coronavirus is creating a hundred-year-flood scenario for...

CVC Capital Closes Record 21 Billion-Euro Buyout Fund

CVC Capital Partners has completed a 21.3 billion-euro ($24 billion) fundraising for its eighth flagship fund, people familiar with the matter said, in the private equity industry’s largest new pool of capital so far this year. The buyout fund, which is CVC’s biggest...