Remove Bidding Remove Buyout Remove Startups
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Elon Musk’s X secures nearly $1bn in equity at $32bn valuation

Private Equity Insights

The original $44bn buyout of Twitter, later rebranded as X, included at least $12.5bn in debt. SpaceX recently completed a tender offer that valued the company at $350bn, while his AI startup, xAI, is reportedly seeking fresh funding at a potential $75bn valuation. Musk has a history of raising private capital for his ventures.

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Fortino Capital closes second PE fund at €377m

Private Equity Insights

Founded by Rolf Thung in 2004, the Dutch startup provides a SaaS whistleblowing solution for employees and third parties to report anonymously. Other startups include: Van Roey (BE) ; Symbio (DE) ; Addactis (FR/BE) The VC has already realised one early exit. Source: Silicon Canals Can’t stop reading?

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FIS Could Sell Majority Stake of Worldpay in $15bn Deal, GTCR Are Said to Be Interested

Private Equity Insights

According to the report, which cites a number of unnamed sources, buyout firm Advent, part of the group that once owned Worldpay, is considering a bid. It develops strategies underpinned by technical expertise and implemented across the world. PYMNTS has reached out to FIS and GTCR for comment but has not yet received a reply.

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OMERS to Stop Making Direct Private Equity Investments in Europe

Pension Pulse

billion) private equity portfolio will be split, with Michael Block leading the global funds strategy, while Eric Haley continues to oversee the North American buyout program. This new strategy will complement, rather than compete with, our buyout strategy, ensuring a diversified investment approach,” the spokesperson said. “A

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CalPERS CIO Nicole Musicco on Bloomberg Wealth

Pension Pulse

Despite the challenges buyouts firms are facing, some investors are increasing their bets on the asset class in a bid to profit from cheaper valuations. “I don’t believe that there’s a problem with the quarter lag on the valuation, it really comes down to the processes that are used [for the valuation],” she said.

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Transcript: Victor Khosla, Strategic Value Partners

The Big Picture

We should be like, 00:06:58 [Speaker Changed] It’s 00:06:58 [Speaker Changed] A startup. But because these are really good businesses, which got levered, they got leveraged through these leverage buyouts. Whatever you can get for it, hit the bid. I write a business plan for it. It’s a business we should be bigger in.

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Transcript: Steven Klinsky

The Big Picture

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. So I’m proud of our role in it.