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Blackstone and Permira assess debt options for €6.5bn Adevinta deal

Private Equity Insights

The firms acquired Adevinta in 2023 in one of Europes largest leveraged buyouts backed by private credit. 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.

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Apollo and ICG expand into South Korea as private equity gains momentum

Private Equity Insights

Lower interest rates are expected to further fuel leveraged buyouts, setting the stage for an active 2025, Deloitte reported. Large buyouts accounted for 42% of total transactions in 2024, while smaller deals comprised 30%. increase from the previous year. Bolt-on acquisitions have become a key strategy, representing 27-31.5%

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JPMorgan, BofA In Talks to Finance $13 Billion DocuSign Buyout

Private Equity Insights

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.

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Banks ramp up leveraged buyouts as interest rates fall

Private Equity Wire

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.

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Era of private credit outperformance over PE may be ending, says State Street

Private Equity Wire

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.

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Energy Capital Partners nears $30bn sale of Calpine to Constellation

Private Equity Wire

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.

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Blackstone, Carlyle, and Hellman & Friedman set for potential Medline IPO windfall

Private Equity Wire

While the size of the offering has not been finalised, sources suggest the IPO could raise up to $5bn, presenting a lucrative exit opportunity for its private equity owners who acquired Medline in a $34bn deal in 2021, one of the largest leveraged buyouts of the past decade.