The Motley Fool

APRIL 28, 2024

Moreover, while Hercules specializes in basic debt instruments such as term loans or revolvers (think a corporate line of credit), Ares offers more sophisticated products -- including leveraged buyouts (LBOs). ARCC Price to Book Value data by YCharts At a price-to-book (P/B) ratio of just 1.1, per unit at the end of 2009, to $3.70

Leveraged Buyouts 244

Leveraged Buyouts Due Diligence Buyout Venture Capital 244

Private Equity Insights

MARCH 17, 2023

And Ares’ greatest growth spurts have come during tough times like the 2008 financial crisis and the height of the Covid-19 pandemic. Lately, much attention has been lavished on Ares Capital, the unit created in 2004 to provide financing for middle-market acquisitions, recapitalizations, and leveraged buyouts.

Pension Funds 130

Pension Funds Buyout Leveraged Buyouts Asset Management 130

Blackstone

NOVEMBER 16, 2023

We take a more muted view for the next cycle as multiple expansion was responsible for only 14% of the average annual total return from 1991 to 2008 when rates were both higher and more volatile. With slower bank and leveraged loan growth, demand for partners in private credit is high.

Leveraging 52

Leveraging Banks Debt Leveraged Buyouts 52

The Big Picture

DECEMBER 5, 2023

But there came to be, in certain situations, buyers that were bootstrap, buyers that were, we would call ’em today, they then leveraged buyout financiers. And look at the financial crisis, middle of 2008, most economists didn’t see a recession coming even though we were right in the middle of the worst one in a long time.

Private Equity Firms 69

Private Equity Firms Private Equity Firms Mergers and Acquisitions Debt 69

The Big Picture

SEPTEMBER 23, 2024

But because these are really good businesses, which got levered, they got leveraged through these leverage buyouts. Early nineties was the start of the modern high yield leverage buyout business done at scale. By the time 2008 came around, we had about $5 billion. I wanted to make sure it just came through.

Debt 59

Debt Leveraging Banks Leveraged Buyouts 59

The Big Picture

SEPTEMBER 26, 2023

Not, not terribly busy in 2007 to be honest, but in 2008, 2009, 10, it was by far the busiest time in my career in investing. Another floating ra, another interest rate sensitive asset class or LBOs, highly levered leveraged buyouts supported by floating rate liabilities. That’s an example.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52

Pension Pulse

NOVEMBER 10, 2023

Committed US$150 million to Hellman & Friedman Capital Partners XI, which focuses on leveraged buyouts and growth capital opportunities in North America and Europe, primarily in the technology & software, healthcare, financials and consumer & retail sectors.

Investing 59

Investing Buyout Stakes Assets 59