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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. Adevintas current debt, held by around 20 lenders, carries a 575-basis-point margin over Euribor with an original issue discount at 98.
The company, co-owned by the Issa brothers and private equity firm TDR Capital, plans to list later this year in one of the largest retail IPOs in recent memory. EG Group aims to use the proceeds to reduce its $9bn debt and fund expansion, with a focus on strengthening its US operations. Source: Retail Gazette Can’t stop reading?
The private equity firm has engaged financial advisors Moelis & Co and RBC Capital to oversee the process, which is expected to begin in the coming weeks. Bain Capital, Moelis & Co, and Rocket Software declined to comment, while RBC Capital has yet to respond. Can`t stop reading?
This may be Wall Street's safest 11%-plus-yielding stock for 2025 Though there are well over 100 publicly traded companies currently yielding north of 10% on an annual basis, the one that could allow income seekers to sleep easy at night is little-known business development company (BDC) PennantPark Floating Rate Capital (NYSE: PFLT).
Maven Partners Ryan Bevington and Jeremy Thompson spearheaded the investment from the firms Manchester office, with ThinCats providing senior debt funding. Read more Maven Capital fuels Digital Rewards Groups global growth with major investment Read More HOOPP reports 9.7% Can`t stop reading?
Goldman Sachs unveiled its Capital Solutions Group, a new division aimed at strengthening its focus on financing solutions for private equity sponsors. The group combines the firms corporate finance, leveraged finance, and equity capital markets teams into one unit. Source: Reuters Can’t stop reading? The London Stock Exchange.
Blue Owl Capital backed the $4bn acquisition of PCI Pharma Services, a leading provider of pharmaceutical packaging and clinical trial solutions. Read more Blue Owl Capital supports $4bn acquisition of PCI Pharma Services Blue Owl Capital backed the $4bn acquisition of PCI Pharma Services, a leading provider of.
Main Street Capital (NYSE: MAIN) Q3 2024 Earnings Call Nov 08, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Main Street Capital third-quarter earnings conference call. Image source: The Motley Fool. You may begin.
Felbro Food Products , a food and beverage manufacturer, has been recapitalized by Felbro Culinary Specialties , a newly formed portfolio company of Clover Capital Partners and Evanston Partners. ” Clover Capital makes control investments in profitable food and beverage manufacturing companies with annual revenues of up to $100 million.
Levine Leichtman Capital Partners announced its acquisition of SYNERGY HomeCare Franchising, a leading in-home care provider, from NexPhase Capital. Apogem Capital provided debt financing. SYNERGY will continue to be led by its CEO, Charlie Young, and the existing executive team. Houlihan Lokey and Robert W.
Hearthside Food Solutions, a major snack manufacturer embroiled in a child labour controversy last year, which is owned by private equity firms Charlesbank Capital Partners and Partners Group Holding has filed for Chapter 11 bankruptcy, according to a report by Bloomberg.
Main Street Capital (NYSE: MAIN) Q4 2024 Earnings Call Feb 28, 2025 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings and welcome to the Main Street Capital fourth quarter earnings conference call. Image source: The Motley Fool. You may begin. for the quarter.
DN Capital (DN), a global early-stage venture firm, has exited its investment in Brigit, a financial technology company, following its $460m acquisition by Upbound Group. Before backing Brigits Series A in 2019, DN played a key role in its early growth by facilitating and anchoring a debt facility.
Billionaire Warren Buffett has always had a thing for companies that return capital to their shareholders. Berkshire and a private equity company called 3G Capital bought Heinz. Kraft Heinz has paid down a good deal of debt over the last five years, but it still has $19.4 billion in debt.
A consortium of private credit funds, including Antares Capital, Blue Owl Capital, KKR, and Goldman Sachs Asset Management, has agreed to take control of Alacrity. The acquisition was part of a $4.3bn long-term private capital strategy. has raised $265m in a funding round led by Greycroft.
And with ROIC ending 2024 at 11%, comfortably above our cost of capital, we are already delivering long-term value for our shareholders as we lay the foundation we'll build upon in 2025 and beyond. million guest visits in 2024, we believe we have a meaningful opportunity to expand and capitalize on this strategic advantage.
The embattled UK utility, which serves 16 million households and carries nearly 20bn in debt, is aiming to secure billions in new equity by the end of June to stave off insolvency. Among the strongest contenders are KKR, Hong Kong-based infrastructure investor CKI, hedge fund Covalis Capital, and London-based Castle Water.
HIG Bayside Capital, the special situations credit affiliate of $55bn global alternative investment firm HIG Capital (HIG), has held the final closing of HIG Bayside Loan Opportunity Fund VII with $1bn of aggregate capital commitments.
Park Square Capital, a prominent European private debt firm, has implemented risk and financial advisory services specialist Kroll’s Private Capital Markets Platform to enhance its investment workflows. As we grow, we look forward to strengthening our relationship with Kroll and leveraging their valuation expertise.”
According to sources, Musk personally participated in the raise, alongside Darsana Capital Partners, which had previously acquired portions of Xs debt. The company is reportedly considering using part of the proceeds to reduce its remaining debt burden. Musk has a history of raising private capital for his ventures.
AshGrove Capital (AshGrove), an independent pan-European speciality lender, has held the final close of AshGrove Speciality Lending Fund II at its hard cap of €650m, surpassing its original target of €500m. Fund II achieved a 107% re-up rate among existing limited partners as well as securing over €325m in new capital commitments.
Bain Capital is in negotiations to acquire Sizzling Platter, a company that operates several restaurant franchises including Little Caesars and Jersey Mike’s, for over $1bn, including debt, according to a report by Reuters.
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.
Brookfield Asset Management is targeting at least $7bn for its fourth infrastructure debt fund, expanding one of the largest strategies in the sector. The new fund will invest in both junior and senior infrastructure debt, continuing Brookfields established approach.
BISS has already committed capital to key investments, including Strategic Venue Partners, a wireless infrastructure platform, and Origis Energy, a U.S. Brookfield sees strong potential for scaling this strategy further, driven by increasing demand for infrastructure capital amid global trends like decarbonization and digitalization.
The deal, approved by MLB on Monday, provides the Giants with capital to upgrade Oracle Park, enhance training facilities, and support real estate development near the stadium. The Giants, owned by a syndicate of 35 investors led by Greg Johnson, join a growing number of professional sports franchises tapping private equity for capital.
And finally, it has enabled the consistent and predictable takedown of just in time delivered fully developed home site, and that has attracted capital to the structured land banking partnerships that have driven the nearly $20 billion of transaction that have enabled our land-light transformation to date. debt to total capital ratio.
The capital was raised from a global pool of investors, including insurance companies, pension funds, and family offices. AllianzGI plans to deploy the capital strategically to deliver attractive, risk-adjusted returns while supporting businesses in navigating complex financial environments.
Ownership later transitioned to Bain Capital and Tempus Group, before shifting to Carlyle Group, King Street Capital Management, and Davidson Kempner Capital Management in 2021 following a debt restructuring. Blackstone initially took control in 2013 by merging TMA with Maldivian Air Taxi.
The funding comprises a $63m Series B round led by Carrick Capital Partners, with additional backing from AB Private Credit Investors, AllianceBernstein’s middle-market private capital platform, and existing investors. OnPay also secured a debt facility from MC Credit Partners.
The only caveat is this telecom giant is primarily using share repurchases in its capital-return program, something that's practically non-existent recently at Verizon and AT&T. T-Mobile's massive capital-return program could prove even better for shareholders than big cash dividends from its competition.
billion indirectly through share repurchases, all while reducing debt 35%. Led by our employees' commitment to operational excellence and capital discipline, we outperformed on oil, natural gas, and NGL volumes for the quarter, as well as beating expectations on per-unit cash operating costs. billion capital expenditures.
GSAM has committed $150m of its own capital to the fund, which will primarily target senior lending opportunities but retain the flexibility to provide junior debt when needed. It has been a major vehicle for strategic capital solutions in the private equity sector.
SK Capital Partners has acquired Spectra Confectionery , a Canadian manufacturer of decorative toppings and confectionery products, from its founding Georgas family. We are thrilled about our partnership with SK Capital, said John Georgas. Its most recent fund, SK Capital Partners VI LP , closed in April 2024 with $2.95
While initial plans involve taking Walgreens private as a whole, Sycamore intends to separate its three core businesses into independent units with distinct capital structures. After news of the talks surfaced in December, the stock initially surged before declining, leaving the company with a market capitalization of approximately $9.5bn.
We're very pleased with Enact's operational strength's capital levels and consistent shareholder distributions. We remain very pleased with our approximately 81% ownership of Enact, which has contributed approximately $819 million in capital to Genworth since its IPO, including $81 million in the third quarter.
These funds, which saw rapid growth between 2019 and 2021, provide fresh capital to high-potential assets, ensuring continued value creation. Read more Florida-based Palm Peak Capital acquires Pacific Shoring in first investment deal Palm Peak Capital, a private equity firm launched in 2024 by former Sun Capital Partners.
Efficient capacity management and strategic financial initiatives aimed at debt reduction have been key factors in its success. billion in debt, the company expects to achieve annual interest savings of $145 million, contributing to a debt reduction of $500 million. Total debt at the quarter's end was $27.0
The transaction values Viridium at 3.5bn, including debt. This scrutiny intensified after Cinven-backed Eurovita was placed into special administration in Italy due to capital shortfalls. T&D Holdings will become the largest shareholder, while Allianz will acquire a 25% stake. million.
The transaction includes debt financing from CIC Ouest and Caisse Rgionale Crdit Mutuel Loire-Atlantique Centre Ouest, alongside participation from Caisse Rgionale de Crdit Agricole Mutuel Atlantique Vende and Caisse d’Epargne et de Prvoyance Bretagne Pays de Loire.
Rock Gate Partners has closed the acquisition of H3 Manufacturing Group ( H3 ) in partnership with Ironwood Capital and members of H3s senior management team. Source: H3 Manufacturing Group Ironwood Capital was originally established in 1986 as Aetna Financial Services , the investment banking subsidiary of Aetna Life & Casualty.
Charles Reynolds Lambert -- Vice President, Treasurer, and Managing Director of Capital Markets Good morning and welcome to the Medical Properties Trust conference call to discuss our third quarter 2024 financial results. Land and buildings are often an operator's single largest asset, and that must be funded with some form of capital.
Right now, Ares Capital (NASDAQ: ARCC) and PennantPark Floating Rate Capital (NYSE: PFLT) offer yields above 9%, and there's a pretty good chance that they'll be able to maintain their payouts over the long term. Ares Capital Ares Capital is the world's largest publicly traded business development company ( BDC ).
Monomoy Capital Partners has acquired Oliver Packaging and Equipment Company from Berwind Capital. Monomoy Capital Partners makes control investments of debt and equity in companies with $20 million to $100 million of EBITDA. billion of capital.
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