Big Four firm’s annual revenue rises 4.7% to $57bn as dealmaking and consulting services expand

FCA seeks to avoid repeat of fund suspensions during market turmoil by restricting immediate access to investments in illiquid assets

Greece’s trade deficit continued its rise in August with a 3.6 percent year-on-year (YoY) increase, after an increase of 3.2 percent in July, according to data released by ELSTAT on Thursday.

The impact of private equity buyouts on target firms is well documented, yet empirical evidence on the impact of buyouts across the supply chain remains scarce. We address this gap by using unique production network data to examine how supply chains contribute to the ability of private equity investors to create and extract value. We show that, on average, suppliers of firms backed by private equity outperform their peers because of increased demand for inputs from customers backed by private equity – rather than alternative mechanisms such as knowledge spillovers.