The Motley Fool

APRIL 28, 2024

Rather, many of the companies in Ares' portfolio are lower middle market businesses that go overlooked by investment banks or private equity investors. ARCC Price to Book Value data by YCharts At a price-to-book (P/B) ratio of just 1.1, Ares stock is trading essentially in line with its 10-year average.

Leveraged Buyouts 244

Leveraged Buyouts Due Diligence Buyout Venture Capital 244

Private Equity Insights

SEPTEMBER 28, 2023

Blackstone Credit and other major private debt managers such as Ares Management Corp. The industry growth is being driven by investment bank caution around underwriting leveraged buyouts given volatile market conditions. A spokesperson for Blackstone declined to comment. Source: BNN Bloomberg Can’t stop reading?

Leveraged Buyouts 147

Leveraged Buyouts Buyout Private Equity Firms Private Equity Firms 147

The Motley Fool

MARCH 6, 2024

Hercules is different from a typical bank as it tends to offer more flexible financing options. So while Hercules may be assuming more risk than a bank would typically underwrite , the company attaches high coupon rates onto its term loans and also usually negotiates for warrants as part of the deal structure. Hercules Capital: 10.6%

Leveraged Buyouts 246

Leveraged Buyouts Initial Public Offering Shareholders Exchange-Traded Funds 246

Private Equity Wire

FEBRUARY 2, 2024

Global law firm White & Case is expanding its global debt finance practice and has appointed Lauren Winter, who has joined from Shearman & Sterling where she was Counsel, as a Partner in London. White & Case has dedicated bank lending, private credit & direct lending and borrower finance teams.

Debt 70

Debt Financing Finance Leveraged Buyouts 70

The Motley Fool

MARCH 17, 2024

The company typically supports start-ups that have raised funding from venture capital or private equity firms and are looking to augment the balance sheet with some debt. You might be wondering what makes Hercules stand out from a traditional bank. For instance, Hercules and Horizon usually offer revolving or term loans.

Leveraged Buyouts 130

Leveraged Buyouts Exchange-Traded Funds Private Equity Firms Private Equity Firms 130

Private Equity Wire

DECEMBER 4, 2024

Private equity giant Carlyle Group is pursuing at least AUD500m ($324m) in debt financing to support its acquisition of Waste Services Group, an Australian waste management firm, from Livingbridge EP, according to a report by Bloomberg. A Carlyle spokesperson declined to comment on the matter.

Leveraged Buyouts 63

Leveraged Buyouts Debt Finance Financing 63

Private Equity Wire

AUGUST 30, 2024

Leveraged buyout financings accounted for almost half (42%) of all UK transactions in H1 2024, compared with just 29% in H1 2023, according to the latest MidCapMonitor report by global investment bank Houlihan Lokey.

Leveraged Buyouts 84

Leveraged Buyouts Accounting Buyout Leveraging 84

The Motley Fool

FEBRUARY 27, 2024

It specializes in an investment vehicle called venture debt. Founders seeking capital may eventually look for a loan since debt doesn't come attached to any ownership share of the company. However, the catch is that this debt typically carries a much higher interest rate than a loan from a bank. Hercules Capital: 10.3%

Leveraged Buyouts 130

Leveraged Buyouts Due Diligence Initial Public Offering Exchange-Traded Funds 130

Private Equity Insights

MARCH 17, 2023

So the current business climate — bedeviled by climbing interest rates and tighter access to bank loans — has Ares Management CEO Michael Arougheti champing at the bit. “We But Ares executives insist their firm remains steadfast in its goal of offering institutional investors more than just private debt.

Pension Funds 130

Pension Funds Buyout Leveraged Buyouts Asset Management 130

Financial Times M&A

MAY 29, 2023

Lenders return to funding leveraged buyouts after painful year in which fees were hit hard

Leveraged Buyouts 59

Leveraged Buyouts Banks Buyout Debt 59

Private Equity Wire

NOVEMBER 28, 2024

UK sponsor-backed financing activity experienced a modest slowdown in Q3 2024, as ongoing M&A sluggishness and seasonal dynamics impacted deal flow, according to the latest data from global investment bank, Houlihan Lokey. However, year-to-date activity remained stable, showing a modest 1% increase compared to the same period in 2023.

Leveraged Buyouts 69

Leveraged Buyouts Debt Buyout Deal Flow 69

Private Equity Wire

MARCH 6, 2024

However, these instruments — historically within the domain of banks, with a focus on maximising yield — will push leverage levels in financial markets higher. The trend towards asset-based finance, Moody’s says, will see alternative asset managers building out their own origination capabilities, increasing their market share.

Leveraging 84

Leveraging Leveraged Buyouts Buyout Asset Management 84

Private Equity Wire

OCTOBER 2, 2024

Global private investments firm Apollo Global Management has set its sights on doubling its assets under management to $1.5tn by 2029, positioning itself as a major player in global debt underwriting, according to a report by the Financial Times. In every market, banks are being asked to do less, and investors are being asked to do more. “In

Assets 58

Assets Leveraged Buyouts Private Equity Firms Private Equity Firms 58

Private Equity Wire

NOVEMBER 15, 2024

Insight Partners, Blackstone, and Clearlake Capital, the joint owners of Diligent Corporation, are considering strategic options for the corporate governance software provider, including a potential sale that could value the business at around $7bn, including debt, according to a report by Reuters.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Leveraged Buyouts Stock Exchanges 59

Private Equity Wire

OCTOBER 22, 2024

Dee Kuchukulla (New York) guides leading private equity sponsors and their portfolio companies on an array of complex transactions, from leveraged buyouts and sales to carve-outs, cross-border deals, joint ventures, and take-privates across industries. She brings a deep understanding of technology and consumer brands.

Leveraged Buyouts 61

Leveraged Buyouts Mergers and Acquisitions Private Equity Firms Private Equity Firms 61

Private Equity Wire

NOVEMBER 1, 2023

Guillaume Boulanger, Chief Risk Officer and Chief Operating Officer, Drakai Capital – 
Guillaume’s journey in the financial domain, beginning in 1998, has seen him at the helm of risk management and structured credit roles across reputable global firms like Morgan Stanley, Citigroup Global Markets and Merrill Lynch/Bank of America.

Hedge Funds 88

Hedge Funds Leveraged Buyouts Capital Buyout 88

Udu

MAY 31, 2023

Fund managers took different approaches during this time, some riding out the storm with cost cuts, “hibernating” businesses with sufficient reserves, and others simply handing over the keys of a few companies to banks so they can focus on the future.

Leveraged Buyouts 52

Leveraged Buyouts Private Equity Firms Private Equity Firms Buyout 52

Private Equity Wire

JUNE 27, 2023

Credit crusaders fill the wall street void Submitted 27/06/2023 - 1:54pm This article first appeared in the March 2023 T ech Buyouts Insights Report Private credit funds could become a more permanent fixture in tech’s leveraged buyout market thanks to their speed of execution and reliability, especially in challenging macroeconomic conditions.

Buyout 52

Buyout Leveraged Buyouts Debt Finance 52

Blackstone

NOVEMBER 16, 2023

Tighter lending conditions and the aftermath of Silicon Valley Bank’s (SVB) collapse caused traditional lenders to step back. With slower bank and leveraged loan growth, demand for partners in private credit is high. A low leverage profile also lowers fund risk in the event asset values fall or losses increase.

Leveraging 52

Leveraging Banks Debt Leveraged Buyouts 52

The Big Picture

DECEMBER 5, 2023

And that was very important because when this was the dawning of what is now a big analyst program across the country in all banks and investment banks. There was no m and a departments in any investment bank really until the very late seventies. And, and we wanted to have relatively modest leverage.

Private Equity Firms 69

Private Equity Firms Private Equity Firms Mergers and Acquisitions Debt 69

The Big Picture

SEPTEMBER 23, 2024

Victor has had a fascinating career, stood up the distressed debt department at Citibank before doing the same thing at Merrill Lynch a few years later. They do everything from hard assets like real estate, infrastructure, aircraft, power plants, to private debt, event driven opportunities. 15 businesses with over 90,000 employees.

Debt 59

Debt Leveraging Banks Leveraged Buyouts 59

The Big Picture

JANUARY 24, 2023

They grew a business where they issued junk debt. And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company. It was between corporate law and investment banking. KLINSKY: Yeah.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

The Big Picture

SEPTEMBER 26, 2023

So, when I was in graduate school, I thought about all the different types of investing or advisory work I could do, and I, you know, really triangulated on distressed debt being the most interesting part of the, of the markets where I could participate in PWA Capital. Ritholtz ] 00:03:30 Yeah, Sandberg is a fascinating guy.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52

Private Equity Wire

NOVEMBER 29, 2024

KKR, the Canada Pension Plan Investment Board (CPPIB), and Axel Springer CEO Mathias Döpfner are working to secure approximately €4bn ($4.2bn) in debt to finance a strategic separation of the German media giant’s classified ads businesses from its news operations, according to a report by Bloomberg.

Debt 78

Debt Leveraged Buyouts Buyout Leveraging 78

Pension Pulse

JULY 11, 2024

Funds raised money, bought businesses, loaded them with debt, exited at a profit and convinced happy investors to do it all over again — at ever greater scale. When buyout groups do look to sell, PIKs, NAV loans and other kinds of excess baggage are creating obstacles. Surging borrowing costs have stalled that engine.

Buyout 59

Buyout Debt Leveraging Pension Funds 59

Pension Pulse

APRIL 25, 2024

Paula Sambo of Bloomberg reports Canada pension fund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

The Big Picture

JANUARY 21, 2023

Prior to founding New Mountain Capital in 1999, Klinsky was co-founder of the leveraged buyout group at Goldman Sachs, where he helped execute over $3 billion of pioneering transactions for Goldman and its clients. He joined RenMac after spending seven years at Bank of America-Merrill Lynch, where he was a Sr.

Leveraged Buyouts 64

Leveraged Buyouts Capital Buyout Leveraging 64

Pension Pulse

JUNE 22, 2023

Deutsche Bank Securities Inc. also served as debt financing advisor. billion, including debt , according to people familiar with the matter. The terms of Compass' debt allow for it to be taken over by a new owner without it being refinanced, one of the sources said. Advisors Goldman Sachs & Co.

Legal 52

Legal Assets Bidding Debt 52

The Motley Fool

DECEMBER 20, 2024

The turnaround attempt isn't working out, and management has reportedly talked to private equity firm Sycamore about a leveraged buyout. Even that desperate exit idea seems unlikely, as the deal-financing banks would insist on a profitable long-term business plan. billion of long-term debt.

Leveraged Buyouts 242

Leveraged Buyouts Private Equity Firms Private Equity Firms Finance 242

The Big Picture

JUNE 20, 2023

That was sort of unfathomable at the time, that someone could buy a giant, publicly traded company strictly with low-cost debt. Well, first of all, the big fee that really ends up, and this is not a fee to the private equity firm, but the big problem with many of these deals is the debt interest costs, okay? MORGENSON: Absolutely.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Finance Financing 59

Pension Pulse

NOVEMBER 10, 2023

Invested €60 million into a syndicated credit-linked note with a leading global bank headquartered in Europe for a diversified portfolio of corporate loans. 4) HOOPP shared new discussion paper by Stephen Poloz, the ninth Governor of the Bank of Canada. Completed a multi-year forward flow agreement with Exeter Finance LLC, a U.S.

Investing 59

Investing Buyout Stakes Assets 59

The Big Picture

FEBRUARY 7, 2023

RITHOLTZ: So, let’s talk a little bit about your career, which began as a reporter, went into M&A banking, and then went back to writing. Tell us a little bit about your banking background, what did you do, what sort of deals. You know, GE Capital, you have to understand, like, investment banking was so hot then.

Banks 103

Banks Mergers and Acquisitions Capital Companies 103

Private Equity Insights

JULY 21, 2023

Passing that milestone puts the firm in the same league as mutual fund behemoths and banking giants. Private equity firms have sought to join a special club: managing $1 trillion in assets, a milestone that would put them in the same league as mutual fund behemoths like BlackRock and Fidelity and banking giants like JPMorgan Chase.

Private Equity Managers 246

Private Equity Managers Mutual Funds Leveraged Buyouts Private Equity Firms 246