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Private equity firms are also playing an increasing role in reshaping governance and management at undervalued Korean companies, unlocking new value creation opportunities. Lower interest rates are expected to further fuel leveragedbuyouts, setting the stage for an active 2025, Deloitte reported.
are in talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. that values the company at around $13 billion, according to people with knowledge of the matter. has been leaning toward a financing package provided by banks for its potential buyout of Cotiviti Inc. and Bank of America Corp. KKR & Co.
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 leveragedbuyout (LBO) market — one of the most profitable sectors in finance, according to a report by Bloomberg. Lending limits have also increased.
The loosening of credit conditions is likely to help private equity by easing borrowing constraints, which have slowed deal-making, while lower credit costs could also relieve pressure on portfolio companies that had taken on costly leverage amid high borrowing costs, smoothing the path for exits.
Medline Industries, a medical supplies giant backed by PE firm Blackstone, Carlyle, and Hellman & Friedman, has confidentially filed for a US IPO, setting the stage for a 2025 listing that could value the company as high as $50bn, according to report by Reuters.
Limited partners in SCF II include both new and returning SCF I investors such as pension plans, insurance companies, family offices, and asset managers from the United States, Europe, Asia, and the Middle East. In September 2024, Linden began fundraising efforts for its sixth buyout fund, Linden Capital Partners VI LP, with a target of $4.5
Alperovich has extensive experience advising private equity sponsors and their portfolio companies on a broad range of transactions, including mergers and acquisitions, leveragedbuyouts, minority and growth investments, joint ventures, carve-outs and divestitures, restructurings, SPACs and de-SPACs, and investments in general partners.
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. Representatives from Carlyle, Ares, KKR Credit, and UBS declined to comment.
Source: Northern Wholesale Supply NWS also goes to market under company-owned brands Extreme Max , Boat Lift Boss , and Ultra Legs. Extreme Max offers tools and accessories like heavy-duty trailer wheel chocks, dock bumpers, and snowmobile storage equipment.
Although these deliberations are still in preliminary stages, potential buyers could include other private equity firms or data and technology companies such as the London Stock Exchange Group (LSEG) and S&P Global. The company has a strong customer base, with over 700,000 users in top leadership roles globally.
One of the best ways to create wealth is by investing in companies that pay a dividend. While many different types of companies pay dividends, business development companies (BDCs) represent a unique opportunity. The company specializes in an instrument called venture debt -- or loans made at high interest rates.
Let's break down five companies that are established dividend payers, and assess why holding each of these stocks over a long-term time horizon can lead to massive gains for your portfolio. Hercules Capital Hercules Capital (NYSE: HTGC) is a business development company (BDC). yield and prepare to hold for the long-run.
The two private equity firms are among the final bidders in the auction for DocuSign, which is set to be one of the biggest leveragedbuyouts of 2024, the sources said. A spike in financing costs in the last two years made financing leveragedbuyouts more expensive and big deals hard to clinch. billion. ($1
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. Blackstone, meanwhile, is helping fund the combination of New Mountain Capital’s HealthComp Holding Company LLC and Marlin Equity Partners’ Virgin Pulse.
The fund received commitments from a diverse investor base which includes public pension plans, Taft Hartley plans, insurance companies, and family offices. Taurus Private Markets invests in value-oriented, lower middle market leveragedbuyout and private credit partnerships with target fund sizes less than $1.25bn.
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 leveragedbuyout vehicle for the region, has deployed over A$1.04 Ares Management Corp. has raised A$2.6
Private capital is experiencing a surge in acquiring renewable energy developers, increasingly favoring equity-based take-private deals for leveragedbuyouts due to high interest rates and rising electricity demand. Last month, private equity firm EQT offered offered to acquire Swedish renewable energy company OX2 for $1.5
The company is headquartered in Danbury, Connecticut, and is led by CEO Alec Searle. IGP’s track record of building and scaling A&D-focused, specialty metal forming companies made them a perfect partner for AMG,” said Mr. Searle. The company is IGP’s fifth platform investment for its sixth fund, which closed in August 2022 with $1.2
Private equity firms are increasingly driving governance and management transformations at undervalued Korean companies, unlocking new avenues for value creation. With lower interest rates expected to further support leveragedbuyouts, 2025 is shaping up to be an active year for dealmaking, Deloitte reported.
Debt-fuelled buyouts typically leave a company with a debt pile of six times their earnings or more. According to the report, company filings reveal that Blackstone’s $2.3bn acquisition cost is about 10 times Rover’s expected 2023 revenue.
Keefe focuses on pan-European and international PE and M&A transactions for corporates, institutional investors, alternative asset managers, senior management teams, founders and portfolio companies.
Platinum Equity Advisors, a US-based private equity form focussed on leveragedbuyout investments of established companies in the US, Europe and Asia is to acquire aircraft landing gear specialist Héroux-Devtek Inc for $1.35bn, according to a report by Canadian Press. Héroux-Devtek shares closed at $25.32
dividend yield Hercules Capital (NYSE: HTGC) is a business development company (BDC) that specializes in providing capital to venture-backed start-ups. This provides Hercules with an extra sweetener should one of its portfolio companies liquidate in an initial public offering (IPO) or acquisition. Hercules Capital: 10.6% Enbridge: 7.8%
Private capital is experiencing a surge in acquiring renewable energy developers, increasingly favoring equity-based take-private deals for leveragedbuyouts due to high interest rates and rising electricity demand. Last month, private equity firm EQT offered offered to acquire Swedish renewable energy company OX2 for $1.5
on Monday after Reuters reported talks had stalled with two private equity firms as they weighed whether to acquire the online signature services company. DocuSign boasts a market capitalization of just under $11 billion as of Monday's close, which would potentially make its acquisition one of the largest leveragedbuyouts in recent years.
Since the end of 2021, private credit has funded more non-leveragedbuyouts each quarter than syndicates. Sponsors and companies are turning to private credit – a complementary funding source to traditional bank loans – to enhance their fiscal and business situations with flexible, customizable, and sustainable solutions.
Given the time I spent a decade ago doing not only venture capital, but investing in private equity funds that buy retail companies, I find this data collection fascinating. I was on the team that did a leveragedbuyout of AMF, the bowling alley company--so I''ve looked at lots of plans to upgrade in venue customer marketing.
Hastings acts for private equity firms and their portfolio companies, corporate borrowers and for private credit funds in relation to transactions at all levels of capital structures.
” Private equity firms are preparing for a recovery in leveragedbuyout volumes in 2025, supported by falling interest rates, a backlog of capital to deploy, and opportunities linked to the explosive growth of artificial intelligence (AI). Earlier in 2023, it agreed to acquire Australian data centre operator AirTrunk for $16bn.
Pontillo, whose practice focuses on leveragedbuyouts and growth capital and venture capital transactions, joined Kramer Levin in 2021. He also advises companies on complex international mergers and acquisitions, restructurings, and joint venture agreements.
The fund received support from a diverse investor base which includes public pension plans, Taft Hartley plans, insurance companies, and family offices. Taurus Private Markets invests in value-oriented, lower middle market leveragedbuyout and private credit partnerships with target fund sizes less than $1.25bn.
Ten years ago, I was an analyst for the General Motors pension fund, working on fund investments into leveragedbuyout funds and venture capital deals. In fact, the one area I was pretty set on eliminating from my consideration set--leveragedbuyouts--was the area where partners seemed to make the most money.
Centerbridge is acquiring Precinmac from Pine Island Capital Partners , Bain Capital’s Private Credit Group , and Compass Partners Capital , who purchased the company from GenNx360 Capital Partners in April 2020. Centerbridge invests between $50 million and $300 million in US-based leveragedbuyouts and distressed securities.
The company supports more than 1,800 hospitals and 200,000 practice-based physicians in the US. EY’s split plans, which would have spun off the consulting business as a public company, were scrapped in April amid objections from US audit partners. The firm was founded in 1992 and manages assets and investments totaling $139bn.
If successful, the deal will be one of the largest leveragedbuyouts in recent years. Last October, Sanofi said it planned to split off the division, likely through a stock market listing, which, according to a company spokesman, remains the most likely option, at the earliest in Q4 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.
However, it's evident that companies are starting to realize that the stocks that have gotten left out of the rally so far have intrinsic value of their own. The Pittsburgh-based iconic steel company received a buyout bid from a Japanese counterpart that could reshape the entire steelmaking industry. Image source: Getty Images.
Instead, she wants investors to engage with these companies. 1 has approached portfolio companies to facilitate their taking advantage of changing trends, especially in these areas. publicly traded stocks, and votes all of its shares to hold companies accountable for creating value over time. We discuss how Engine No.
Apollo is positioning itself to compete with traditional banks by offering financing solutions to highly rated companies like Intel, AT&T, AB InBev, and Sony Music – companies that typically rely on bonds or standard credit facilities.
He has extensive experience advising international private equity houses, financial sponsors and public companies on a wide range of transformational transactions, including leveragedbuyouts, acquisitions and disposals, GP-led M&A, secondaries transactions, takeovers, mergers, joint ventures, IPOs, restructurings and refinancings.
However, these instruments — historically within the domain of banks, with a focus on maximising yield — will push leverage levels in financial markets higher. The report also predicts further growth in private lending to corporates in Europe and reveals that companies are “eager to pocket big interest cost savings” of 200-300 basis points.
Business development companies (BDC) can be particularly good sources of dividend income, paying above market returns. This lets Hercules benefit from some of the upside of a liquidity event for one of its portfolio companies, such as an initial public offering or a sale. HTGC price-to book-value; data by YCharts. Ares Capital: 9.3%
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