Private Equity Wire

JANUARY 24, 2024

Private equity firm CVC Capital Partners has shunned the private credit markets in favour of loans from investment banks to finance two of its latest buyouts – restaurant group La Piadineria and vitamin manufacturer Sunday Natural – according to a report by Bloomberg.

Buyout 98

Buyout Banks Private Equity Firms Private Equity Firms 98

Private Equity Insights

MARCH 28, 2025

Recent investments under this strategy include a $400m capital injection into football helmet maker Riddell and an equity stake in GSE Worldwide, a sports talent and marketing agency. BC Partners has also entered a strategic financing alliance with investment bank Piper Sandler to support banks and specialty finance companies.

Funds 147

Funds Buyout Financing Finance 147

Axial

JANUARY 30, 2024

Axial is excited to release our 2023 Lower Middle Market Investment Banking League Tables. To assemble this list, we reviewed the 2023 deal-making activities of 807 investment banks and advisory firms that met the qualifications to be considered for league tables.

Investment Banking 105

Investment Banking Investment Banks Banks Mergers and Acquisitions 105

The Motley Fool

JANUARY 5, 2024

While Hercules and Horizon typically compete for the same business, Ares is slightly different because it focuses on middle-market companies that may fall off the radar of investment banks and other BDCs.

Mergers and Acquisitions 246

Mergers and Acquisitions Leveraged Buyouts Due Diligence Portfolios 246

Private Equity Insights

SEPTEMBER 28, 2023

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. The industry growth is being driven by investment bank caution around underwriting leveraged buyouts given volatile market conditions.

Leveraged Buyouts 147

Leveraged Buyouts Buyout Private Equity Firms Private Equity Firms 147

The Motley Fool

APRIL 28, 2024

Rather, many of the companies in Ares' portfolio are lower middle market businesses that go overlooked by investment banks or private equity investors. ARCC Price to Book Value data by YCharts At a price-to-book (P/B) ratio of just 1.1, Ares stock is trading essentially in line with its 10-year average.

Leveraged Buyouts 244

Leveraged Buyouts Due Diligence Buyout Venture Capital 244

Private Equity Insights

FEBRUARY 23, 2024

A roughly $5 billion debt deal for the buyout of health-care tech company Cotiviti Inc. Multibillion-dollar buyout financings that once required banks to act as intermediaries between a borrower and investors can now be provided by a small group of private lenders or even syndicated by private equity firms directly to debt buyers.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Buyout Debt 130

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 98

Leveraged Buyouts Accounting Buyout Leveraging 98

Private Equity Wire

JULY 16, 2024

Glovier also worked at Perseus, a Washington, DC-based lower middle-market private equity firm, where he co-led buyouts from its New York office. Glovier started his career as a consultant at The Boston Consulting Group, later working in the investment banking leveraged finance and M&A departments at Goldman Sachs.

Capital 96

Capital Private Equity Firms Private Equity Firms Consulting 96

Private Equity Wire

JANUARY 24, 2024

Investment banks including Goldman Sachs Group, Citigroup and Barclays are among a number of investment banks that are looking to take back leveraged finance deals lost to private credit lenders during the market volatility of recent years, according to a report by Bloomberg.

Leveraging 52

Leveraging Buyout Investment Banking Investment Banks 52

Private Equity Wire

JANUARY 5, 2024

Prior to joining Behrman Capital, Thomas was a Vice President at Centre Partners where he worked on buyouts and leveraged recapitalisation transactions in the consumer and business services industries. He began his career as an Analyst in the investment banking division of Jefferies.

Capital 98

Capital Buyout Leveraging Investment Banking 98

Private Equity Insights

MARCH 17, 2023

Lately, much attention has been lavished on Ares Capital, the unit created in 2004 to provide financing for middle-market acquisitions, recapitalizations, and leveraged buyouts. The amount of business that banks do with us now is more than it has ever been.” In 2022, Ares’ direct lending tied to such buyouts totaled $26.4

Pension Funds 130

Pension Funds Buyout Leveraged Buyouts Asset Management 130

Private Equity Insights

MAY 9, 2024

The third success factor is tailored solutions: A Relationship Bank offers customized financial solutions that meet the specific needs of the funds. Can you discuss the role of relationship banks in supporting alternative investment funds through various stages of the fund lifecycle, from fundraising to exit?

Banks 130

Banks Funds Financing Finance 130

The Motley Fool

MARCH 17, 2024

This is an interesting strategy, and has helped Ares earn a positive reputation among businesses that often go overlooked by large investment banks. By contrast, Ares has the ability to complete much more sophisticated deals, including leveraged buyouts.

Leveraged Buyouts 130

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

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

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 74

Leveraged Buyouts Buyout Leveraging Investment Banking 74

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 75

Debt Financing Finance Leveraged Buyouts 75

The Motley Fool

FEBRUARY 27, 2024

This is an interesting approach because Ares tends to work with businesses that may be perceived as too risky for other BDCs or may not fit the ideal client profile for an investment bank.

Leveraged Buyouts 130

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

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 95

Mergers and Acquisitions Private Equity Firms Private Equity Firms Leveraged Buyouts 95

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.

Mergers and Acquisitions 75

Mergers and Acquisitions Leveraged Buyouts Private Equity Firms Private Equity Firms 75

Pension Pulse

JULY 11, 2024

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. “It

Buyout 59

Buyout Debt Leveraging Collateral 59

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. Suken is responsible for sourcing and evaluating investment opportunities as well as providing strategic and operational support to portfolio companies. Suken Vakil , Partner, joined JMI in 2012.

Leveraged Buyouts 40

Leveraged Buyouts Mergers and Acquisitions Investors Buyout 40

Pension Pulse

JULY 16, 2024

Various factors including the appetite for deals led some of the pension funds to become over-exposed to private equity within their larger portfolio of investments. In May, BCI sold stakes in private equity funds to French buyout firm Ardian for more than US$1 billion.

Pension Funds 64

Pension Funds Buyout Assets Debt 64

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

The Big Picture

SEPTEMBER 23, 2024

But, but I think if I was to go back through my career, that moment in time, you know, when there is this big wave coming, because it was the start of the high yield market, the leverage loan market grew dramatically, you know, from 200 billion in the mid nineties to $5 trillion today, high yield and leverage loans. And still growing.

Debt 59

Debt Leveraging Banks Leveraged Buyouts 59

Pension Pulse

AUGUST 15, 2024

billion in liquid assets to pay pension benefits, fund investment opportunities, satisfy potential collateral demands related to our use of derivatives, and to fund expenses. billion while remaining within our 10% leverage limit. Long-Term Issuer Credit Ratings This Investment Update presents certain non-GAAP measures.

Pension Funds 59

Pension Funds Assets Liabilities Banks 59

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, and we wanted to have relatively modest leverage.

Private Equity Firms 69

Private Equity Firms Private Equity Firms Mergers and Acquisitions Debt 69

The Big Picture

OCTOBER 31, 2023

But more importantly, when I’ve heard of liquid alts, it’s generally the investments that they’re making are in liquid, liquid products, mostly public market products. What do we, what have we done historically on the public side that would make sense to port over to the private side and leverage and scale that, right?

Hedge Funds 64

Hedge Funds Mutual Funds Funds Due Diligence 64

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

JUNE 13, 2023

So that was a while back, but nonetheless, I don’t know if it was love at first sight, but we got to get along pretty well, and after a few years working for investment banks, he then joined Goldman Sachs. I joined, effectively, Deutsche Bank. Private equity at the time was only about buyout and LBO.

Banks 59

Banks Asset Management Assets Capital 59

The Big Picture

SEPTEMBER 26, 2023

And I think a lot of investors and, and lenders and really lost their way and agreed to terms and conditions that in under today’s market environment would not be acceptable levels of leverage that would not work. And, and as a result, there is a, a condition where there’s risks and opportunities in the current market.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52

The Big Picture

FEBRUARY 28, 2023

They’re the largest listed buyout firm in Europe. They have a very thoughtful approach and a very long-term approach to making investments in the private markets. He is the chief executive officer of the Partners Group, which is Europe’s biggest listed private equity and buyout firm, with a market cap of about $25 billion.

Assets 59

Assets Due Diligence Private Equity Firms Private Equity Firms 59

The Big Picture

APRIL 4, 2023

We’re going to look at a buyout and look at the pricing, look at the structure. They really weren’t in the investment banking business, and they looked at the opportunity there and said, gee, we should really have a high yield business and a financing business. KENCEL: It’s the investment banking affiliate.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Financing Finance 59

The Big Picture

APRIL 18, 2023

I mean, there have been leveraged loans and high yield bonds since the 1980s. You get paid for the incremental risk that you’re taking in a more leveraged capital structure. RITHOLTZ: You’re looking at the cost of capital and how much margin or leverage you want to assume. BARATTA: Yeah. BARATTA: Yes.

Private Equity Firms 64

Private Equity Firms Private Equity Firms Assets Financing 64

Private Equity Insights

MARCH 27, 2025

The group is expected to appoint investment banks shortly to advise on the process. Nestl created a standalone structure for its water and premium beverages division at the beginning of this year. The new unit will assess long-term strategy and seek partners to support future growth. Can`t stop reading?

Private Equity Firms 147

Private Equity Firms Private Equity Firms Buyout Leveraging 147

Private Equity Wire

MARCH 6, 2025

Private credit lenders are in discussions to provide $4.5bn in debt financing for Sycamore Partners potential buyout of Walgreens Boots Alliance, as part of a plan to break up the pharmacy chain into separate business units, according to a report by Bloomberg.

Buyout 61

Buyout Financing Finance Leveraged Buyouts 61

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.

Leveraged Buyouts 93

Leveraged Buyouts Debt Buyout Deal Flow 93