This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Read more Takeover Thursday: Private equitys top takeovers this month Read More Blackstone and Permira assess debt options for 6.5bn Adevinta deal Read More Update: Walgreens Boots buyout could lead to three-way breakup Read More The post Update: Walgreens Boots buyout could lead to three-way breakup appeared first on Private Equity Insights.
The private equity firms 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.
Apleona, already a known issuer with more than 1bn in existing debt, is likely to attract robust demand from investors looking for new opportunities. This marks one of the few significant acquisitions in Europes leveraged finance market amid a scarcity of M&A activity in recent years. Capitals acquisition of Kantar Media.
Usually, buyouts happen at a premium to the market stock price, and with shares down 63% on the year and 90% from their highs, there was ample room for a premium over yesterday's closing stock price. That being said, Walgreens is also burdened by about $8 billion in net debt, not counting operating leases. Private equity to the rescue?
are in talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. and Deutsche Bank AG are also among the lenders considering a role in funding what would be the largest leveraged buyout of the year so far, according to the people, who asked not to be identified discussing the transaction. KKR & Co.
This is one of the most notable talent moves from investment banking to private credit to date, highlighting the growing shift of senior debt market professionals into the private capital space. If finalised, the deal would rank among the largest ever private credit financings, edging out banks that had pitched to refinance the companys debt.
According to sources, Musk personally participated in the raise, alongside Darsana Capital Partners, which had previously acquired portions of Xs debt. The company is reportedly considering using part of the proceeds to reduce its remaining debt burden.
The deal marks a significant exit for the British buyout firm following heightened regulatory scrutiny of private equity ownership in the insurance sector. The transaction values Viridium at 3.5bn, including debt. T&D Holdings will become the largest shareholder, while Allianz will acquire a 25% stake.
KKRs buyout of Fuji Soft is set to become Japans largest take-private deal this year, according to LSEG data. According to reports, WBA and Sycamore have been in discussions for a buyout that could be finalised this year. If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com.
The report cites Nan Zhang, head of product implementation and alternative investment research at State Street, as noting that “private debt, especially floating-rate debt, typically benefits from rising interest rates,” and expects that private debt’s outperformance might diminish as the Fed continues with rate cuts.
Shares in Peloton soared by as much as 18% on Tuesday after CNBC reported that several private equity firms are cons idering a buyout of the connected fitness company, which is looking to refinance its debt and return to growth after 13 consecutive quarters of losses.
Private equity funds returned 3.09%, slightly edging out private credits 3.06%, driven by increased buyout activity, lower interest rates, and narrowing private debt spreads. State Streets Nan Zhang believes private equity could continue to gain momentum if inflation remains stable and buyout performance strengthens.
Small business debt and equity investor Capitala Group has raised more than $1bn for its oversubscribed latest fund and separately managed accounts. The post Oversubscribed fundraise sees Capitala collect over $1bn for small business debt, equity deals appeared first on AltAssets Private Equity News.
EQT AB has secured $1.425bn in private debt from a group of private credit lenders led by Goldman Sachs group to help finance its acquisition of medical device firm Zeus Company Inc, according to a report by Bloomberg. Billion Private Loan for EQT’s Zeus Buyout appeared first on Private Equity Insights. amid interest.
On top of layoffs, Peloton is working on a debt refinancing plan that will push maturities back and buy it more time. Rumors emerged earlier this month that private equity firms are considering a buyout. There's no growth story here, just one of survival. Inventory reductions can't go on forever.
Buyout firm Energy Capital Partners (ECP) and its co-investors are edging closer to agreeing a deal for the $30bn sale of Calpine to Constellation Energy, according to a report by Reuters citing unnamed sources familiar with the matter.
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.
European mid-market investor Triton has beaten its €1bn target in a final close of its third debt fund. The post Triton clears €1bn for latest debt fundraise, 40% more than for predecessor in strategy appeared first on AltAssets Private Equity News.
billion in cash, stock, and assumed debt. Is Matterport stock a buy after CoStar's buyout offer? Even after the jump Matterport shares still trade at a 10% discount to the buyout price, an indication investors are not certain the deal will get done at the price listed in the press release. Matterport holders would get $2.75
Buyout firms have long relied on controversial loans backed by equity stakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. Many firms borrowed against their portfolio companies to sustain the private market boom while dealmaking dwindled.
Eurazeo saw its private debt assets under management (AUM) rise by 11 per cent year-on-year to €7.4bn (£6.4bn) in its latest annual results, meaning that the asset class now makes up 21 per cent of the European investment manager’s portfolio. Source: Alternative Credit Investor Can’t stop reading?
This optimistic outlook follows a rebound in UK dealmaking, spurred by stabilising interest rates, which have eased financing conditions for buyouts. So far in 2024, M&A activity in the UK has risen by 28.3%, with strong interest in the financial, industrial, and consumer sectors, according to data from LSEG.
But projects are also financed with debt, so higher interest rates will eat into returns. NextEra Energy Partners' cash crunch The most recent crunch for NextEra Energy Partners is debt maturing in the next few years. billion of debt maturing, followed by $702 million in 2025, and $2.0 billion and total long-term debt is $6.3
The $6.9bn pension fund allocated $40m to Ardian Private Credit VI Levered, focused on direct lending to Western European companies with EBITDA between 15m and 50m, and $35m to 400 Capital Distressed Debt & Special Situations, managed by 400 Capital Management.
They couldn't build things fast enough to really satisfy the debt there. Interesting that you brought up Sears because thinking about what they tried to do we had Seritage the spin off of all of the properties, they were going to develop that they got whacked during the pandemic.
Its expertise includes recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Moelis & Company was the financial advisor to Fortress, and Evercore is serving as the placement agent for Fortress on the debt financing for the acquisition. Lazard Frres & Co.
Banks are at risk of losing out on significant underwriting fees from two of Europe’s largest buyout deals, as private-equity firms are adjusting debt terms mid-process, affecting their ability to generate revenue, according to a report by Bloomberg.
The report cites data from KBRA DLD as revealing that the financing, which comprises a $4.8bn unitranche, a blend of senior and subordinated debt, and a $500m revolver facility, is the biggest private credit loan ever in the US.
They've made it more expensive for the company to borrow money to finance new investments and refinance existing funding, including the scheduled buyouts of convertible equity portfolio financing (CEPFs). It intends to use the proceeds to complete all the planned buyouts of CEPFs through 2025.
After about a year of being weighed down by roughly $80 billion of leveraged loans, banks are starting to offload some of that debt again, a sign that investors are starting to believe in the sweet spot of lower inflation without a recession to follow.
Private credit funds are currently in discussions to provide at least AUD1.5bn ($978m) in junior debt to support a potential buyout of Australian data centre operator AirTrunk, according to a report by Bloomberg citing unnamed sources sources familiar with the negotiations.
Separating from XPO, the argument went, would allow the company to focus on acquisitions that best serve its own goals and use debt and equity compensation to advance the business. The company was created as the world's largest independent, pure-play contract logistics company with close to 1,000 warehouses in North America and Europe.
Distressed debt levels at private equity-owned companies have surged amid persistent high interest rates, with the amount owed by portfolio companies of the world’s 50 largest PE firms up 18% since mid-March to $42.7bn, according to a report by Bloomberg citing rankings from Private Equity International. at the end of February.
In December 2023, Falfurrias closed its first dedicated growth buyout fund, Falfurrias Growth Partners I LP , with $400 million in capital commitments. Advisors for the transaction included Ropes & Gray as legal counsel, Stifel as exclusive financial advisor, and Piper Sandler Companies as debt advisor to CCMP Growth.
Sun Capital invests from $50 million to $300 million in leveraged buyouts, equity, and debt in companies with more than $32 million in EBITDA that can benefit from its in-house operating professionals and experience. Sectors of interest include business services, consumer, healthcare, industrial, and technology.
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.
Blackstone has raised about $8bn for the final close of its latest real estate debt fund, equalling the total raised for its predecessor in the strategy in 2020. The post Blackstone brings in another $8bn for RE debt as wider fundraising for sector falls appeared first on AltAssets Private Equity News.
This significant expense reduction is expected to support AT&T's top-tier dividend program and assist in debt repayment. This is particularly important, as AT&T's last reported debt-to-equity ratio was 135, indicating a heavily debt-laden balance sheet. Why is Pfizer stock trading at a potential discount?
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.
BlackRock made headlines in late 2024 through the firms acquisition of HPS Investment Partners , backed by their expectation that the private debt market will more than double to $4.5 From 2022 through 2024, private-credit-financed buyouts outnumbered BSL financed deals 6 to 1. trillion by 2030. [2]
Perhaps Oscar Mayer would get a slight premium to that in a buyout. As of the first quarter of 2024, Kraft Heinz had nearly $20 billion in long-term debt -- an exorbitant amount that cost the company over $900 million in interest expenses in 2023. billion to $2.5
Banks and private credit firms are vying to provide over $5bn in debt financing to support a potential buyout of eye care company and Ray-Ban owner Bausch + Lomb, by Blackstone and TPG, according to a report by Bloomberg. If finalised, the $5bn debt package could rank as one of the largest deals arranged by private credit firms.
A premium-priced buyout deal sent the company's shares rocketing well higher in price, to the point where they had risen by 30% week to date before market open on Friday, according to data compiled by S&P Global Market Intelligence. billion inclusive of net debt.
Monomoy Capital Partners makes control investments of debt and equity in companies with $20 million to $100 million of EBITDA. Its expertise includes recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. billion of capital.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content