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Privateequityfirms have driven buyout activity to $133bn in 2024, a 78% increase compared to the previous year. Key deals during the year included a $6.9bn investment in Hargreaves Lansdown and a $5.5bn acquisition of cybersecurity firm Darktrace by Thoma Bravo.
Privateequityfirms increased their activity in Europe last year, capitalising on the continent’s economic difficulties to acquire large companies at lower valuations, according to a report by the Financial Times. BC Partnerss Alexis Maskell said that the buyout market in Europe was both fragmented and very diverse but...you
Directional Capital, a privateequityfirm, is in advanced discussions to acquire Pizza Hut UKs restaurant operations. Directional Capital, which already manages Pizza Huts operations in Denmark and Sweden, is expected to leverage its expertise to revitalise the UK business.
According to Bloomberg , this is the firms lowest target since 1999, following five consecutive funds that each raised $4bn or more. The Chicago-based privateequityfirm has begun early fundraising discussions with investors. Can`t stop reading?
Privateequityfirms are also playing an increasing role in reshaping governance and management at undervalued Korean companies, unlocking new value creation opportunities. The broader Asia-Pacific privateequity market saw investment activity rise to $138bn in 2024, marking an 8.1% increase from the previous year.
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 leveragedbuyout of the year so far, according to the people, who asked not to be identified discussing the transaction. KKR & Co.
The privateequityfirms 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 leveragedbuyouts backed by private credit.
Warburg Pincus, a leading privateequityfirm managing approximately $86bn in assets, has no immediate plans to pursue an initial public offering (IPO), according to a report by Reuters quoting CEO Jeffrey Perlman at the Reuters NEXT conference in New York on Tuesday. The industry bought a lot in 2021.
The report cites unnamed sources familiar with the matter as revealing that the privateequityfirms have started consulting with investment banks in preparation for a potential sale process, expected to begin in early 2025.
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.
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. The funds will support Carlyles purchase of the stake from Livingbridge, the anonymous source said.
Buyoutfirms 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.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Source: PrivateEquity Wire Can’t stop reading? read more Vista’s Finastra secures record-breaking $5.3bn private loan Private lenders including Oak Hill Advisors, Blue Owl Capital, and HPS Investment Partners are.
Ultra-rich individuals and families worth more than $150bn are helping drive a resurgence in privateequitybuyouts, providing capital for some of the year’s biggest acquisitions to overcome a tough dealmaking environment. Goldman Sachs Asset Management closed its purchase of Norwegian e-learning platform Kahoot!
US privateequityfirm Francisco Partners has agreed to buy financial data provider Macrobond for almost €700mn, the latest deal in a sector that has attracted billions of dollars from investors in recent years. The US-based firm beat out competition from other privateequity groups and strategic buyers.
Privateequityfirm CVC Capital Partners has finalized a deal to acquire Sogo Medical Group, Japan’s fifth-largest pharmacy chain, from Polaris Capital Group for approximately $1.2bn. Read more LDC Exits Cakesmiths with 3x Return LDC, the privateequity investor which is part of Lloyds Banking Group, has agreed to exit its.
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.
Hastings, who joins from Eversheds Sutherland, is a finance lawyer focused on leveraged and acquisition financing. Hastings acts for privateequityfirms and their portfolio companies, corporate borrowers and for private credit funds in relation to transactions at all levels of capital structures.
Banks are at risk of losing out on significant underwriting fees from two of Europe’s largest buyout deals, as private-equityfirms are adjusting debt terms mid-process, affecting their ability to generate revenue, according to a report by Bloomberg.
Banks are also said to be offering competing packages that include a smaller amount of debt and preferred equity. PowerSchool is based in Folsom, California and has reportedly also attracted interest from privateequityfirms Warburg Pincus and Bain Capital.
Surprisingly, privateequityfirms are at the forefront of this trend, investing heavily in solar, wind, biomass, and other renewables. In 2023, privateequity and venture capital transactions in the global renewable energy sector nearly reached $15 billion. The statistics underscore this movement.
K2 Insurance Services has joined the growing list of companies looking to reduce borrowing costs by swapping private credit debt for leveraged loans by initiating $500m refinancing deal, according to a report by Bloomberg. In contrast, the current debt package carried a spread of 6.75
Generally speaking, during the early days of a start-up , founders will raise money from venture capital or privateequityfirms in exchange for equity. The company specializes in an instrument called venture debt -- or loans made at high interest rates.
Private credit investor Pemberton Asset Management is partnering with the Abu Dhabi Investment Authority to raise at least $1bn to provide net asset value loans to privateequityfirms, according to a report by Bloomberg. ADIA is set to anchor the strategy, which is expected to close in the coming weeks.
Privateequityfirm 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.
Keensight Capital, a privateequityfirm focused on pan-European growth buyouts, has backed inherent group in its acquisition of CONEXIO Telecom, a provider of high-speed connectivity and telephony solutions.
Taurus Private Markets, a Pennsylvania based privateequityfirm, today announced the final close of Taurus Private Markets Fund II, LP. Taurus Private Markets invests in value-oriented, lower middle market leveragedbuyout and private credit partnerships with target fund sizes less than $1.25bn.
The two privateequityfirms 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. While the investment firms have not joined forces, it is possible that they may partner down the line to clinch a deal, the sources added.
Privateequityfirms are increasingly driving governance and management transformations at undervalued Korean companies, unlocking new avenues for value creation. The broader Asia-Pacific privateequity market saw investment activity rise to $138bn in 2024, an 8.1% increase from the prior year.
Surprisingly, privateequityfirms are at the forefront of this trend, investing heavily in solar, wind, biomass, and other renewables. In 2023, privateequity and venture capital transactions in the global renewable energy sector nearly reached $15 billion. The statistics underscore this movement.
A roughly $5 billion debt deal for the buyout of health-care tech company Cotiviti Inc. was poised to become the largest such financing ever provided by private credit firms when first contemplated last year. The about-turn in the closely watched financing is the result of a tie-up between privateequityfirms KKR & Co.
trillion private credit market, which has burgeoned into a competitive funding tool for privateequityfirms, are coming thick and fast. 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.
Charlotte-based privateequityfirm Falfurrias Management Partners (Falfurrias) has closed its latest middle-market privateequity fund, Falfurrias Capital Partners VI, at $1.35bn in investor commitments, surpassing its initial target. Falfurrias Capital Partners V, raised in 2021, closed at $850m.
Privateequityfirm KKR & Co. from Veritas Capital, reviving a battle between Wall Street banks and private credit lenders to provide financing for one of the year’s biggest buyouts. read more KKR Poised to Take Half of Cotiviti, Valued at $11bn Privateequityfirm KKR & Co.
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 as it was delisted by privateequityfirm TPG Inc.;
Seattle-based privateequityfirm Sound Growth Partners (SGP) has closed its oversubscribed inaugural buyout fund at its hard cap after securing $275m in capital commitments, including anticipated leverage.
Today we are featuring the 25 Most Active PrivateEquityFirms on the Axial platform. ” Industries: Technology, Manufacturing, Business Services, Distribution, Healthcare Visit Baymark’s Profile “Pfingsten is an operationally-driven privateequityfirm focused on long-term value creation.
on Monday after Reuters reported talks had stalled with two privateequityfirms as they weighed whether to acquire the online signature services company. Privateequityfirms Bain Capital and Hellman & Friedman emerged as potential suitors in the process. Shares of DocuSign (NASDAQ: DOCU) fell 8.5%
Seattle-based privateequityfirm Sound Growth Partners (SGP) has closed its oversubscribed inaugural buyout fund at its hard cap after securing $275m in capital commitments, including anticipated leverage.
stake in the supermarket to existing owners privateequityfirm TDR Capital, the company said today, in signs the billionaire Issa brothers’ are separating a significant chunk of their close business interests. Zuber Issa has exited Asda after selling his 22.5% The deal brings the ownership of Asda to 67.5%
Blackstone, the world’s largest privateequityfirm, has turned to direct lenders to help finance its $2.3bn acquisition of Rover Group, the world’s largest online marketplace for pet care, with the firm seeking about $250m of private debt, according to a report by Bloomberg.
In the aftermath of a rejected offer for EY’s consulting business, US privateequityfirm TPG has signed a definitive agreement to acquire a majority stake in Crowe’s healthcare consulting unit. The firm was founded in 1992 and manages assets and investments totaling $139bn.
The Fund focuses on asset-based specialty private credit investments in a variety of trade formats across a broad array of collateral types within consumer, real asset, and other specialty lending markets.
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