Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

Direct deals attracted globally a record $47bn in 2024, up 51% on the previous year, according to data compiled by Houlihan Lokey. That impressive expansion is particularly striking given lacklustre ...

The Financial Conduct Authority is preparing to release the results of a probe into private markets valuations, but firms are still falling short on how they mark assets, according to experts.