Private Equity Insights

SEPTEMBER 28, 2023

The industry growth is being driven by investment bank caution around underwriting leveraged buyouts given volatile market conditions. Blackstone, meanwhile, is helping fund the combination of New Mountain Capital’s HealthComp Holding Company LLC and Marlin Equity Partners’ Virgin Pulse.

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

American Investment Council

MAY 6, 2024

Industry Expansion: Loans from private credit lenders have served as a lifeline to small businesses nationwide, particularly those that cannot qualify for loans from traditional banks or need capital beyond what banks can provide. Since the end of 2021, private credit has funded more non-leveraged buyouts each quarter than syndicates.

Financing 125

Financing Finance Leveraged Buyouts Mergers and Acquisitions 125

Private Equity Wire

MARCH 18, 2024

Private equity firms 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.

Leveraged Buyouts 77

Leveraged Buyouts Banks Debt Private Equity Firms 77

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

Private Equity Wire

SEPTEMBER 16, 2024

Private equity giant Apollo is making a push into the high-grade debt market, an area long controlled by traditional banks, steered by former UBS, Swiss Re, and the World Bank executive Jamshid Ehsani, who joined the firm in 2010, according to a report by the Financial Times.

Banks 70

Banks Debt Leveraged Buyouts Buyout 70

The Motley Fool

MARCH 17, 2024

You might be wondering what makes Hercules stand out from a traditional bank. Well, banks may pass on making loans to start-ups given their risk profile as money-burning businesses. This is an interesting strategy, and has helped Ares earn a positive reputation among businesses that often go overlooked by large investment banks.

Leveraged Buyouts 130

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

The Motley Fool

FEBRUARY 27, 2024

Unlike a traditional bank that may pass on a start-up due to its risk profile, Hercules specializes in term loans and other debt structures for venture-backed companies. However, the catch is that this debt typically carries a much higher interest rate than a loan from a bank. This is where Hercules can add value.

Leveraged Buyouts 130

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

The Big Picture

JANUARY 25, 2023

Prior to founding New Mountain Capital in 1999, he was co-founder of the Leverage Buyout Group of Goldman Sachs, where he did $3+ billion of transactions before joining Forstmann Little as a partner, where he oversaw $10+ billion in capital. 6 committee’s legacy.

Leveraged Buyouts 117

Leveraged Buyouts Hedge Funds Buyout Leveraging 117

Private Equity Wire

DECEMBER 4, 2024

The report cites unnamed sources familiar with the matter as revealing that Carlyle is weighing options between securing bank loans or a private credit facility to fund the transaction. The firm is in exclusive negotiations with Livingbridge for a deal valued at approximately AUD1bn, as reported by the Australian Financial Review.

Leveraged Buyouts 63

Leveraged Buyouts Debt Finance Financing 63

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 As the Federal Reserve Bank ratchets up interest rates, Ares Cap monitors borrowers’ balance sheets for any signs of stress.

Pension Funds 130

Pension Funds Buyout Leveraged Buyouts Asset Management 130

Private Equity Wire

DECEMBER 16, 2024

Initially, Carlyle explored using a traditional leveraged buyout bank loan for the acquisition, but ultimately opted for private credit, the source added without providing further details. Australias leveraged buyout activity has been gaining traction, driven by narrowing valuation gaps between buyers and sellers.

Leveraged Buyouts 56

Leveraged Buyouts Buyout Private Equity Firms Private Equity Firms 56

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

The Motley Fool

JUNE 27, 2024

There are many companies in need of capital or advisory services, but they are not big enough or deemed suitable by investment banks. This is where Ares comes into the equation. Like Hercules, Ares also has a low nonaccrual rate of just 1.7%.

Leveraged Buyouts 130

Leveraged Buyouts Initial Public Offering Buyout Venture Capital 130

Private Equity Wire

FEBRUARY 2, 2024

Winter focuses on cross-border and UK acquisition finance and restructurings, advising investment banks, alternative credit providers, corporate borrowers and private equity sponsors on various debt capital structures in the European large-cap and mid-cap markets.

Debt 70

Debt Financing Finance Leveraged Buyouts 70

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

JANUARY 24, 2024

Ultimately though, whether a record $10bn+ deal is agreed or not, depends on how well investment banks, the traditional source of finance for leveraged buyouts, manage to regain the ground they have lost to private lenders over the past 18 months or so, said Hirschmann.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Leveraging Investment Banks 59

Private Equity Wire

NOVEMBER 15, 2024

The report cites unnamed sources familiar with the matter as revealing that the private equity firms have started consulting with investment banks in preparation for a potential sale process, expected to begin in early 2025.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Leveraged Buyouts Stock Exchanges 59

Financial Times M&A

APRIL 12, 2022

Banks no longer retain a monopoly on financing blockbuster leveraged buyouts

Buyout 52

Buyout Leveraged Buyouts Finance Financing 52

Private Equity Wire

OCTOBER 2, 2024

The report cites CEO Marc Rowan as unveiling the ambitious growth plan during the firm’s investor day presentation, signalling a strategic shift as companies increasingly turn to private capital for financing, rather than traditional bank loans. In every market, banks are being asked to do less, and investors are being asked to do more.

Assets 58

Assets Leveraged Buyouts Private Equity Firms Private Equity Firms 58

Private Equity Wire

NOVEMBER 1, 2023

Our strategy leverages this digital shift to enhance trade transparency and reduce human bias, positioning us to exploit market inefficiencies more effectively. A: The digital transformation has indeed been a catalyst in the systematic credit domain. Transitioning into entrepreneurship in 2017, Guillaume ventured into real estate. markets.

Hedge Funds 88

Hedge Funds Leveraged Buyouts Capital Buyout 88

Private Equity Wire

SEPTEMBER 24, 2024

Historically, the focus was on leveraged buyouts and cost-cutting to boost profitability, but this approach is no longer sufficient. This evolution leverages technology and data analytics to streamline processes and unlock value. Treasury 4.x,

Mergers and Acquisitions 72

Mergers and Acquisitions Private Equity Firms Private Equity Firms Leveraged Buyouts 72

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

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

JMI Equity

OCTOBER 1, 2024

Prior to joining JMI, Larry was an analyst in the multi-industries group in the investment banking division at Merrill Lynch & Co. Larry is currently a director of Apptegy, Bloomerang, ChurnZero, Incident IQ, RainFocus, and Raptor Technologies. Suken Vakil , Partner, joined JMI in 2012.

Leveraged Buyouts 40

Leveraged Buyouts Mergers and Acquisitions Investors Buyout 40

Oakhill

MAY 4, 2023

Lit was founded in Birmingham, AL, in 2019 and leverages public-private partnerships with local governments and municipalities to build and operate last-mile fiber networks. SCP provides public and private companies with capital for purposes of growth, recapitalization, and leveraged buyouts. Stephens Inc.

Capital 40

Capital Leveraged Buyouts New York Stock Exchange Private Equity Firms 40

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. First, a low fund leverage profile increases fund liquidity and/or capital available for investment.

Leveraging 52

Leveraging Banks Debt Leveraged Buyouts 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

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 I was fortunate to be accepted to both. All the things we know now.

Private Equity Firms 69

Private Equity Firms Private Equity Firms Mergers and Acquisitions Debt 69

The Big Picture

SEPTEMBER 23, 2024

Bloomingdale’s filed for bankruptcy, S-C-I-T-V filed for bankruptcy, and for the first time banks, which owned the debt, wanted to sell. At the time, you’re early in your career, you have some experience, and an MBA when, when you first started hearing that from banks that, Hey, we got all this Bloomingdale debt.

Debt 59

Debt Leveraging Banks Leveraged Buyouts 59

The Big Picture

JANUARY 24, 2023

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. We had sold the family business, maybe buy another family business one day through a leveraged buyout. KLINSKY: Yeah.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

The Big Picture

SEPTEMBER 26, 2023

And then very soon after, you know, bear Stearns fails, Lehman Brothers fails, the cracks were massive and there were so much for selling from the trading desks at the banks. And we, we feel that a lot of phone calls, I think the most nervous we became was when the banks started failing. That had mismatched assets.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52

Pension Pulse

MAY 1, 2024

Major Canadian pension funds have regularly tested the market for secondaries in recent years, but the greater clarity around the path of interest rates – and the prospect of possible rate cuts from central banks starting later this year – has more recently made it easier for buyers and sellers to agree on prices. Is this possible?

Leveraged Buyouts 59

Leveraged Buyouts Pension Funds Buyout Stakes 59

Private Equity Wire

NOVEMBER 29, 2024

The report cites unnamed sources familiar with the matter as revealing that the proposed financing will tap the leveraged loan market and private credit funds. The first tranche of the financing — a €1.95bn ($2.1bn) leveraged loan — was launched on 19 November and will part fund the spin-out of jobs platform The Stepstone Group.

Debt 78

Debt Leveraged Buyouts Buyout Leveraging 78

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

JULY 11, 2024

When buyout groups do look to sell, PIKs, NAV loans and other kinds of excess baggage are creating obstacles. At the same time regulators are becoming ever more fearful about what’s being hidden from view, and the threat of contagion from any private-markets meltdown to the banking system and real-economy jobs.

Buyout 59

Buyout Debt Leveraging Pension Funds 59