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Shares in Peloton soared by as much as 18% on Tuesday after CNBC reported that several private equity firms are cons idering a buyout of the connected fitness company, which is looking to refinance its debt and return to growth after 13 consecutive quarters of losses. Read more: Private Equity Wire Can’t stop reading?
Read more Bain Capitalinvests $250 m in business services firm Sikich Bain Capital is picking up a minority stake worth $250 million in business services firm Sikich, read more Blackstone completes Civica acquisition Funds managed by affiliates of Blackstone, the world’s largest alternative asset manager, have.
Monomoy was founded in 2005 and is based in New York City, with over $5 billion in assets under management. Wynnchurch Capitalinvests in businesses with revenues between $50 million and $1 billion. Its expertise includes recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings.
Milan-based private equity firm Alto Partners and Italian fund management company Arca Fondi have agreed to the buyout of Eurosirel, a manufacturer and distributor of medical devices and cosmetics. The transaction is expected to close by June. Read more: Private Equity Wire Can’t stop reading?
Read more Bain Capitalinvests $250 m in business services firm Sikich Bain Capital is picking up a minority stake worth $250 million in business services firm Sikich, read more Blackstone completes Civica acquisition Funds managed by affiliates of Blackstone, the world’s largest alternative asset manager, have.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Launched in 2022 as a successor to the €1bn Infrastructure Alliance Europe 1 fund, IAE-2 adopts a mid-market investment strategy focusing on long-term asset management of core and core-plus infrastructure assets across Europe.
Funds managed by affiliates of Blackstone, the world’s largest alternative asset manager, have acquired Civica, a public sector software solutions provider, from private markets firm Partners Group, acting on behalf of clients. Read more: Private Equity Wire Can’t stop reading?
NEW FUNDRAISING Bain Capital’s new Asia fund will focus heavily on Japan, where it has landed marquee deals such as the $18 billion buyout of Toshiba Corp’s memory chip business, said two of the three people. Bain Capital’s U.S. rival Carlyle Group is still in the market seeking to raise $8.5
Private capital is experiencing a surge in acquiring renewable energy developers, increasingly favoring equity-based take-private deals for leveraged buyouts due to high interest rates and rising electricity demand. Brookfield Asset Management Ltd., Brookfield Asset Management Ltd., Key investors such as KKR & Co.
buyout fund Bain Capital is in final talks to buy French IT services firm Inetum in a deal worth about $2.27 Buyout volumes rose to an all-time record of $1.3 read more Peloton shares surge as news of PE buyout interest breaks Shares in Peloton soared by as much as 18% on Tuesday after CNBC reported that several private.
Read more Bain Capitalinvests $250 m in business services firm Sikich Bain Capital is picking up a minority stake worth $250 million in business services firm Sikich, read more Blackstone completes Civica acquisition Funds managed by affiliates of Blackstone, the world’s largest alternative asset manager, have.
For CVC, which declined to comment, the proposal represents another chance to expand in Japan where large companies are under pressure to sell non-core assets and improve returns to shareholders. It would also be CVC’s biggest foray into the region so far. Other deals by the private equity firm include the $1.5
Private capital is experiencing a surge in acquiring renewable energy developers, increasingly favoring equity-based take-private deals for leveraged buyouts due to high interest rates and rising electricity demand. Brookfield Asset Management Ltd., Brookfield Asset Management Ltd., Key investors such as KKR & Co.
” Source: Worldpac Carlyle’s experience with industrial carve-outs includes more than $13 billion of capitalinvested over the past 20 years in companies such as Axalta, Nouryon, Atotech, Signode, and Allison Transmission.
Most of CrownRock is owned by buyout firms, led by Lime Rock Partners, which took a 60% stake when it helped launch the company in 2007. CrownRock is led by Dunn, who – through his family’s CrownQuest Operating LLC – rolled his previous oil and gas assets into the partnership with Lime Rock.
billion in Canadian private equity investments on behalf of CPP Investments. Northleaf’s customized mandate for CPP Investments focuses on maximizing net returns through primary fund investments in small and mid-market Canadian buyout and growth funds, secondary investments and direct co-investments.
. (“Fund II”) and an additional $280m for Fund II co-investment. This capital will be used for middle-market buyout and growth capitalinvestments in the U.S. Access now manages more than $2.7bn in assets. Investors in Access Holdings Fund I L.P.
Gemspring Capital Management has closed a single-asset continuation vehicle for Shrieve Chemical Company, which it initially bought in late 2019. The post StepStone leads single-asset continuation fundraise for Gemspring portfolio business Shrieve Chemical appeared first on AltAssets Private Equity News.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up TPG, formerly Texas Pacific Group, is co-headquartered in Fort Worth and San Francisco and specializes in leveraged buyouts and growth capital. The firm was founded in 1992 and manages assets and investments totaling $139bn.
Centerbridge invests between $50 million and $300 million in US-based leveraged buyouts and distressed securities. The firm has $38 billion of capital under management and is headquartered in New York City, with an additional office in London. The firm is headquartered in Stamford, Connecticut.
Earlier this year, Verdane successfully closed its mid-market growth buyout fund Edda III at its €1.1bn hard cap, taking firm-wide assets under management to more than €8bn. Further information is available in Verdane’s latest 2023 sustainability report.
The mid-market private equity firm said that the fund close was the largest first-time pan-European buyout fund raised since 2020. The fund has completed five platform investments in total, including a UK nursery operator and a European firm that produces, packages, and distributes fresh fruit.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Onex announced its plans last year to launch a strategy that targets middle market transportation businesses — looking for investments in the aviation, road, rail, maritime and intermodal sectors, primarily in North America and Europe.
Patria and Committed Advisors have co-led a single-asset continuation fund for Hivest Capital Partners portfolio business Agora Makers. The post Hivest seals rapid exit of Agora makers through Patria, Committed Advisors-led continuation fund appeared first on AltAssets Private Equity News.
According to Invest Europe’s Investing in Europe: Private Equity Activity H1 2023 report, private equity and venture capital funds invested €32bn in the first half of 2023, 54% lower than 2022’s strong figures and in line with levels last seen in 2016.
Alpine plans to invest the capital for Fund IX in control buyouts of software and services businesses with total enterprise values of up to $1 billion and focus on add-on acquisitions for high-performing platform investments. is seeking $750m for a new fund dedicated to transportation investments, people.
His practice focuses on advising private equity firms and other financial institutions on transactions including leveraged buyouts, venture and growth capitalinvestments, joint-ventures and co-investments, opportunistic and distressed acquisitions, take-privates and carve-outs, across the investment lifespan through to exit.
This substantial amount is allocated as $525m for Access Holdings Fund II L.P. (“Fund II”) with an additional co-investment amounting to $280m for Fund II.
So, while it has future potential, its capital requirements and management bandwidth consumption have really led me to direct our team to evaluate all strategic alternatives to maximize shareholder value from this asset. Most notably, our cornerstone assets, Greens Creek and Lucky Friday, generated $228 million in free cash flow.
CalPERS plans big VC push Submitted 13/06/2023 - 10:33am A hunt for higher returns has prompted CalPERS, the biggest public pension scheme in the US with $442 billion in assets, to make a multibillion-dollar push into international venture capital following what it has dubbed a “lost decade” of returns, according to a report by The Financial Times.
As we set out to accomplish in our 2023 strategic review, we've achieved a deal at a compelling value for our platform business with strong assets and scale. billion in cash proceeds and 220 million in an earnout agreement relating to certain wind assets. This represents a rare capital-light path to earnings growth.
Morley said, adding that the pension fund wants to be able to accommodate more investment staff. The fund could grow its staff of London-based investment professionals to about 100 from 60 by adding origination experts and private asset managers. is our biggest investment destination outside of North America," Mr. Morley said.
Types of Alternative Investments Alternative investments are non-traditional investment options that offer diversification, unique opportunities and potential higher returns beyond conventional asset classes like stocks and bonds.
Types of Alternative Investments Alternative investments are non-traditional investment options that offer diversification, unique opportunities and potential higher returns beyond conventional asset classes like stocks and bonds.
The margin environment supported assets running at high utilization and new capacity additions continue to ramp. We believe our assets will remain the most competitive in each region in which we operate. We are steadfast in our commitment to safely operate our assets and protect the health and safety of our employees.
We continue to expect FPL to realize roughly 9% and average annual growth in regulatory capital employed over our current settlement agreements for your term, which runs through 2025 FPL's capital expenditures were approximately $2.5 billion for the quarter, and we now expect FPL's full year 2023 capitalinvestments to be between $8.5
We continue to expect FPL to realize roughly 9% and average annual growth in regulatory capital employed over our current settlement agreements for your term, which runs through 2025 FPL's capital expenditures were approximately $2.5 billion for the quarter, and we now expect FPL's full year 2023 capitalinvestments to be between $8.5
Razak Musah Baba of IPE Real Assets reports OMERS to buy Allianz’s stake in Indian road infrastructure trust: Canadian pension fund OMERS is buying Allianz Capital Partners’ 13.5% The infrastructure arm of OMERS is investing an undisclosed amount to increase its stake in Interise from the 21.3%
Hunter Point Capital, a specialist in taking minority investments in mid-market alternative asset managers, has promoted Conway Bate to global head of capital formation. The post GP stake specialist Hunter Point Capital promotes Bate to head of capital formation first appeared on AltAssets Private Equity News.
A buyout scheduled in calendar 2025 will eliminate the company's plan obligations and commitments. retail pharmacy and healthcare, with our remaining investments in Cencora, BrightSpring, and other minority interests providing financial flexibility. Our specialty pharmacy assets will be an important focus going forward.
Partners Group has agreed to acquire Rosen Group, a provider of mission-critical inspection services for energy infrastructure assets, from founder Hermann Rosen. The company provides recurring, regulatory-driven inspection and integrity management services for energy transmission pipelines.
We continue to expect FPL to realize roughly 9% average annual growth in regulatory capital employed over our current rate agreement's four-year term, which runs through 2025. FPL's capital expenditures were approximately $2.6 Now, let's turn to NextEra Energy Partners.
We continue to expect FPL to realize roughly 9% average annual growth in regulatory capital employed over our current rate agreement's four-year term, which runs through 2025. FPL's capital expenditures were approximately $2.6 Now, let's turn to NextEra Energy Partners.
Ian Bickis of The Canadian Press reports CPP Investments earned 8 per cent in latest fiscal year, net assets rose to $632 billion: Canada's biggest pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 CPPIB's net assets totalled $632.3 The increase in net assets included $46.4
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