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Given the unique deal structures that Hercules employs , obtaining warrants than can convert into equity, the company is well positioned to enjoy some nice returns in the event of an acquisition or initialpublicoffering (IPO) from one of its portfolio companies. Image source: Getty Images. Horizon Technology Finance: 9.9%
Bain Capital is exploring a sale or initialpublicoffering (IPO) of Varsity Brands that could value the U.S. Bain has been interviewing investmentbanks to hire financial advisers that will help the private equity firm come up with a plan to cash out on its majority stake in Varsity Brands, the sources said.
Buyout firm Levine Leichtman Capital Partners has hired investmentbank Robert W. The company also considered an initialpublicoffering last year, the sources said. The private equity owner of Tropical Smoothie Cafe is preparing to put the U.S. Source: USNews Can’t stop reading?
According to the sources that Reuters cited, SentinelOne had hired an investmentbanking company to advise it on entering into discussions with would-be acquirers with interest in the cybersecurity specialist. When the company came public in 2021, its IPO price was set to imply a valuation of nearly $9 billion.
This lets Hercules benefit from some of the upside of a liquidity event for one of its portfolio companies, such as an initialpublicoffering or a sale. There are many companies in need of capital or advisory services, but they are not big enough or deemed suitable by investmentbanks.
Hercules typically adds warrants to its deals, giving it the ability to receive shares and profit from an initialpublicoffering (IPO) or an acquisition of one of its portfolio companies. What makes Hercules even more special is how it structures deals. During the past 10 years, Hercules has a total return of 218%.
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.
Whereas Kleinman went in hard with his warning that “everything is not going to be okay” for buyout firms, Stavros joined in with the concession that his industry may have gotten “too creative” lately. When buyout groups do look to sell, PIKs, NAV loans and other kinds of excess baggage are creating obstacles.
Subsequent to the end of June: We signed an agreement to sell our investment in LifeLabs with a closing expected later this year. We've been really fortunate have him join the OMERS Infrastructure family, he's running that business right out of the gate. He's a tremendous addition, we are blessed to have him.
The following day, co-founder and chief executive Peter Carlsson , who only a year ago had been trumpeting Northvolt as a possible initialpublicoffering (IPO) candidate, resigned and warned the European Union risks falling behind on green projects. The company needs as much as US$1.2
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