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PE rethinks NAV loans as investors push back

Private Equity Wire

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.

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Focus Group founders dial up £800m sale to private equity firm Hg

Private Equity Insights

City sources said on Wednesday that the transaction would value Focus Group at just under £800m including debt, making it the latest addition to the ranks of Britain’s private company unicorns – a reference to its new $1bn valuation. read more Blackstone-led consortium bids Haldiram Snacks at $8.5

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Advent to buy Ryan Reynolds-backed fintech Nuvei in $6.3 bn deal

Private Equity Insights

Private equity firm Advent International has agreed to buy Canada’s Nuvei NVEI.TO The deal, valued at $34 per share, will take Nuvei private almost four years after the company was listed on the Toronto Stock Exchange. The buyout of Nuvei, which has a market capitalization of nearly $4.42

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KKR plans $4bn Fuji Soft take-private deal

Private Equity Insights

Following the buyout, Fuji Soft’s founding family and management are expected to reinvest in the company. Last September, 3D proposed that Fuji Soft go private. In response, Fuji Soft established a special committee of outside directors to explore whether becoming a private company would better enhance its value.

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Japan’s Toshiba considers $20bn take-private deal

Private Equity Insights

. “Even though it faced bankruptcy Toshiba is still one of Japan’s leading companies. It also has many businesses linked to government policies, so it seems a little unrealistic for it to become a foreign-owned private company,” said Takuro Hayashi, an analyst at Iwai Cosmo Securities.

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Lincoln’s Private Market Index Sees Modest Growth

Private Equity Professional

The “Magnificent Seven” refers to a group of seven high-performing and influential technology companies in the U.S. Private companies continued to face challenges throughout 2024. The percentage of companies demonstrating EBITDA growth fell to 58%, the lowest since Q3 2022. in 2021 to 11.4x

Buyout 100
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Lincoln Private Market Index Rises in Second Quarter

Private Equity Professional

Leveraged buyout volumes remained down from historical highs in Q2 2024, as did EBITDA purchase price multiples, which decreased from 11.5x At the height of the market in Q4 2021, 33% of buyout transactions were in the TMT and healthcare industries, whereas in the first half of 2024, only 18% were in these industries.

Buyout 100