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The privateequityfirms aim to refinance or reprice Adevintas existing 4.5bn debt and may raise an additional 2bn, potentially for a shareholder dividend, according to sources familiar with the matter. The firms acquired Adevinta in 2023 in one of Europes largest leveraged buyouts backed by private credit.
Wall Street banks including JPMorgan Chase & Co. and Bank of America Corp. are in talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. Representatives for JPMorgan, Bank of America, DocuSign, Jefferies, Deutsche Bank, Bain and Hellman & Friedman declined to comment.
Dallas-based privateequityfirm Merit Energy Co has set aside $1bn, including $485m in a just-closed fund, in dry powder through a strategy that targets mature oil-and-gas fields, the Wall Street Journal reports in an exclusive article. Indeed, the company currently has no assets in some of the most popular U.S.
Privateequityfirm Glow Capital Partners is set to acquire a 51 per cent stake in an Australian hospitality uniform brand Cargo Crew. Glow Capital was established by Adore Beauty’s co-founder Kate Morris and former Quadrant PrivateEquity managing partner Justin Ryan in 2021.
The Paris-based company has raised the money for a secondary fund that profits from institutional investors who sometimes have to sell stakes in privateequity funds early. Typically, buyout funds lock up investors’ money for more than a decade. By contrast, its flagship buyout fund had raised $15.5bn by the end of March.
The report cites unnamed sources familiar with the matter as revealing that the privateequityfirms have started consulting with investment banks in preparation for a potential sale process, expected to begin in early 2025.
Nikhil Rathi, chief executive of the Financial Conduct Authority, has urged privateequityfirms to provide more information or face stricter regulatory measures, according to a report by City AM.
Banks are at risk of losing out on significant underwriting fees from two of Europe’s largest buyout deals, as private-equityfirms are adjusting debt terms mid-process, affecting their ability to generate revenue, according to a report by Bloomberg.
Private credit lenders and banks are vying to offer debt financing for a potential acquisition of US education software provider PowerSchool Holdings, according to a report by Bloomberg citing people with knowledge of the matter. The financing could include a $2.4bn funded term loan, a $500m delayed-draw term loan and a $300m revolver.
Ultra-rich individuals and families worth more than $150bn are helping drive a resurgence in privateequitybuyouts, providing capital for some of the year’s biggest acquisitions to overcome a tough dealmaking environment. The shift is catching the eye of major investment banks.
Investment banks, which faced significant losses on risky merger and acquisition (M&A) loans due to a spike in global interest rates, are now aggressively returning to the leveraged buyout (LBO) market — one of the most profitable sectors in finance, according to a report by Bloomberg. Lending limits have also increased.
Carlyle Group has secured private credit financing to acquire a majority stake in Australian waste management company Waste Services Group (WSG), according to a report by Bloomberg, citing sources familiar with the matter. The funds will support Carlyles purchase of the stake from Livingbridge, the anonymous source said.
is leading a €950m ($1bn) loan package to back Permira’s buyout of Gossler, Gobert & Wolters, people with knowledge of the matter said. trillion private credit market is increasingly winning out over bank syndicates that had traditionally financed large buyouts with leveraged loans. Blackstone Inc.
US privateequityfirm Francisco Partners has agreed to buy financial data provider Macrobond for almost €700mn, the latest deal in a sector that has attracted billions of dollars from investors in recent years. The US-based firm beat out competition from other privateequity groups and strategic buyers.
A $3bn “whole-business securitisation” is being considered as a funding option by privateequityfirms vying to acquire sandwich chain Subway, according to a report by Bloomberg, citing unnamed sources with knowledge of the matter.
Privateequityfirm CVC Capital Partners has finalized a deal to acquire Sogo Medical Group, Japan’s fifth-largest pharmacy chain, from Polaris Capital Group for approximately $1.2bn. Read more LDC Exits Cakesmiths with 3x Return LDC, the privateequity investor which is part of Lloyds Banking Group, has agreed to exit its.
The fund has already started committing capital to biotech and healthcare-focused VC, growth and buyout funds and will dedicate a substantial allocation to co-investments. Pictet has now raised a total of $950m across its thematic privateequity franchise, from a mixture of high-net-worth and institutional investors.
Privateequityfirm CVC Capital Partners has shunned the private credit markets in favour of loans from investment banks to finance two of its latest buyouts – restaurant group La Piadineria and vitamin manufacturer Sunday Natural – according to a report by Bloomberg.
Cinven has picked Bank of America Corp. The privateequityfirm is in the early stages of exploring a sale of the Hungary-based pet food manufacturer, which could be valued at more than €2bn ($2.2bn), according to one of the people. Representatives for Cinven, Bank of America and Goldman Sachs declined to comment.
Three privateequity groups are reportedly all set to make their binding bids for Gautam Adani’s six-year-old shadow bank, Adani Capital. The funds are reportedly looking at a 100 per cent buyout Adani Capital has $40bn of assets under management and $8bn in book value. The group is expecting 2-2.5
Privateequityfirm Palatine is reinvesting in a global pure-play sustainability advisory and services provider after the company agreed a secondary buyout with Carlyle. read more The post Carlyle and Palatine to Reinvest in Sustainability Firm’s Secondary Buyout appeared first on PrivateEquity Insights.
Global investment bank Cambridge Wilkinson has established a new control-focused privateequityfirm BCB Equity Partners. The post Cambridge Wilkinson founders launch spinoff buyoutfirm first appeared on AltAssets PrivateEquity News.
WH Equity Partners, a US privateequityfirm focused on growth investments and buyouts in the small and mid-cap sectors, has been launched by Senior Managing Director and Chief Investment Officer Peter Weinbach and Senior Managing Director Grant Harshbarger.
Generally speaking, during the early days of a start-up , founders will raise money from venture capital or privateequityfirms in exchange for equity. The company specializes in an instrument called venture debt -- or loans made at high interest rates.
Privateequityfirm KKR & Co. from Veritas Capital, reviving a battle between Wall Street banks and private credit lenders to provide financing for one of the year’s biggest buyouts. read more KKR Poised to Take Half of Cotiviti, Valued at $11bn Privateequityfirm KKR & Co.
Permira Holdings’ deal to acquire Ergomed is being funded with support from Blackstone’s credit unit in the latest sign that that private lending firms are taking buyout business from traditional lenders including banks, according to a report by Bloomberg.
Private-equityfirm Bain Capital will buy Envestnet, in a $4.5bn deal, adding to its portfolio a financial software vendor that counts 16 of the 20 biggest U.S. banks among its customers. Read more South Korea’s Hahn & Co raises $3.4bn for new buyout fund Aircraft landing gear maker Héroux-Devtek Inc.
Privateequityfirms including Advent International and Blackstone are approaching both banks and private lenders over debt packages of around €7.5bn ($8.16bn) to help finance a potential acquisition of Sanofi’s consumer health division, according to a report by Bloomberg.
Clayton, Dubilier & Rice (DC&R) is close to raising $23 billion for its new flagship buyout fund, overshooting its initial target by $3bn to defy an industry-wide slump in fundraising, the Financial Times reported on Tuesday. CD&R asked its investors if it could raise the fund’s so-called hard cap from $23 billion to $23.5
Bain has been interviewing investment banks to hire financial advisers that will help the privateequityfirm come up with a plan to cash out on its majority stake in Varsity Brands, the sources said. Varsity kept the yearbooks business when it sold Herff Jones to privateequityfirm Atlas Holdings earlier this year.
A roughly $5 billion debt deal for the buyout of health-care tech company Cotiviti Inc. was poised to become the largest such financing ever provided by private credit firms when first contemplated last year. The about-turn in the closely watched financing is the result of a tie-up between privateequityfirms KKR & Co.
buyout fund Bain Capital is in final talks to buy French IT services firm Inetum in a deal worth about $2.27 The deal will see Inetum – formerly known as Gfi Informatique – returning into privateequity hands after being sold to Qatar’s group Mannai Corp in 2016, the sources said, speaking on condition of anonymity.
Subway suitors to fund buyout with $3bn securitisation Submitted 19/06/2023 - 11:43am A $3 billion "whole-business securitisation" is being considered as a funding option by privateequityfirms vying to acquire sandwich chain Subway, according to a report by Bloomberg, citing unnamed sources with knowledge of the matter.
trillion private credit market, which has burgeoned into a competitive funding tool for privateequityfirms, are coming thick and fast. This week alone, Bloomberg News reported on direct-lending firms working on plans for potential multi-billion dollar buyouts of Adevinta, Kereis and Iris Software.
The privateequity owner of Intermedia Cloud Communications is exploring options including a sale that could value the communications services provider at more than $1bn, including debt, according to people familiar with the matter. Buyoutfirm Madison Dearborn Partners is working with investment bank Evercore (EVR.N)
The privateequityfirm is interviewing banks as it considers a potential sale or listing of the Develier, Switzerland-based business, the people said. Read more Apollo Set to Make $6.26bn Bid for UK’s Pension Insurance Corporation Privateequityfirm Apollo Global (APO.N) Carlyle Group Inc.
Carlyle, a private-equityfirm, has been interviewing investment banks to hire a financial advisor that will run a sale process for Every Man Jack, the sources said, cautioning that no deal is certain. Every Man Jack generates more than $100m in annual revenue, the sources added.
BPEA EQT and ChrysCapital are to acquire a 90% stake in HDFC Credila, Housing Development Finance Corporation’s (HDFC) education finance arm, for $1.11bn, in what will be India’s largest-ever financial services sector privateequitybuyout, according to a report by Reuters.
Nordic Capital is weighing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to 3 billion euros ($3.27 billion pounds, while Blackstone acquired UK-based software firm Civica for $2.5 billion.
Privateequityfirm Advent International is exploring a sale of CCC Intelligent Solutions Holdings Inc. , Investment bank Morgan Stanley is advising CCC on its talks with potential acquirers, which include other buyoutfirms, the sources said, adding that no deal is certain.
billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 as it was delisted by privateequityfirm TPG Inc.;
Nasdaq is acquiring financial risk software company Adenza for $10.5bn in its largest-ever such deal, from privateequityfirm Thoma Bravo. Adenza, which is owned by privateequityfirm Thoma Bravo, is expected to generate $590mn in revenue and $300mn in cash flow this year, Nasdaq said. times EBITDA.
Mid-market privateequityfirm Next Capital has locked in $375m for its latest fund, which saw domestic investors account for more than half of commitments and a final close ruled off last week. Dicembre most recently drove the buyout shop’s investment in budget campervan and car hire group Jucy Rentals, alongside Elliott.
Neo bank Zolve has reportedly reached an $800m valuation thanks to a new equity and debt round led by Indian privateequityfirm Creaegis. The post Deal Roundup: Zolve said to hit $800m valuation through new funding round, Archimed buys BioVendor Group appeared first on AltAssets PrivateEquity News.
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