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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 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.
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).
A previous attempt to sell the company to EQT in 2023 collapsed, despite final bids reportedly valuing the firm at around $8bn including debt. The sector continues to attract strong private capital inflows, supported by secular growth trends in artificial intelligence, cloud services, and enterprise digitalisation.
CESL III includes both levered and unlevered sleeves, alongside capital from separately managed accounts. Continuing Crescents direct lending strategy in Europe, CESL III focuses on secured private debt investments in mid-market companies across the continent. Crescent began investing in European specialty lending in 2014.
The transaction, which includes debt, is expected to be announced in the coming days. The sale to Bain Capital is expected to yield a two-fold return, sources said. For Bain Capital, the transaction aligns with its broader investment strategy in healthcare technology. 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?
The vehicle has attracted institutional capital from Barings, which acted as the lead investor in the senior debt tranches, while Coller and Ares Management have retained the first-loss equity positions. The transaction underscores growing demand for fund finance solutions as private markets continue to face liquidity constraints.
If you're searching for a reliable income stream from your investment portfolio, Ares Capital (NASDAQ: ARCC) is one stock that should be on your radar. However, Ares Capital hasn't escaped the turbulence of the recent stock market fluctuations. With an enticing dividend yield of 9.5%, it's hard to ignore. Image source: Getty Images.
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.
Andros maintains a flexible investment mandate, enabling it to invest across the capital structure in both public and private equity and debt instruments. Notably, the firm did not use a placement agent or external advisor for the capital raise. Andros received legal counsel from Gibson Dunn & Crutcher LLP for Fund III.
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.
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?
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.
at its peak, and Capital One Financial (NYSE: COF) rose 7.4%. But investors were betting this week that a delay in some tariffs and potential deals on others would reduce the risk of a recession and therefore defaults on the debt companies like SoFi and Capital One have on their balance sheets. Where to invest $1,000 right now?
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.
US-based Centerview Capital, founded by former Gillette CEO Jim Kilts, is joining as a minority partner in the transaction. Brynwood Partners, based in Greenwich, Connecticut, currently manages more than $1bn in committed capital. Citi served as sole financial advisor to the buyer group and led the financing.
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.
Linden Capital Partners has held a final close of its second structured capital fund, Linden Structured Capital Fund II LP (SCF II), with $400 million in capital commitments. Lindens earlier structured capital fund closed in July 2011 with $355 million of capital commitments.
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.
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.
Africa secured $3.6bn in venture capital funding in 2024, including $1bn from venture debt, with African investors forming the single largest group of active VC participants in the region for the first time, according to a data from the AVCA the African Private Capital Association.
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.
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.
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.
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.
This is one of the most notable talent moves from investment banking to private credit to date, highlighting the growing shift of senior debt market professionals into the private capital space. Last year, Goldmans Luke Gillam joined AlbaCore Capital, while Bank of Americas Murad Khaled moved to Apollo Global Management.
Global investment major Pantheon has pulled in $5.2bn for its third senior debt fund - one of the largest dedicated pools of secondary credit capital in the industry to date. The post Pantheon raises $5.2bn for one of the biggest credit secondaries capital pools ever formed appeared first on AltAssets Private Equity News.
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.
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.
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.
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.
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.
LongueVue Capital has invested in Daedalus Industrial , a provider of building management and control systems. Abacus targets private debt financing opportunities of up to $60 million and finances companies with EBITDA between $3 million and $15 million. Since the firms founding in 2011, it has closed over $3.5 billion in financings.
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.
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.
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.
That capital was secured through a novel structure backed by one of Vistas own funds during a period of sharp interest rate hikes. The decision comes as leveraged loan markets experience renewed pressure, with investors reducing exposure to riskier debt instruments. Bankers raised the interest spread on the senior loan to 4.5
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.
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.
Pantheon Senior Debt III comprises a series of vehicles including closed-end co-mingled funds, evergreen and rated insurance solutions, and separately managed accounts. The programme will target portfolios of senior secured, floating-rate, sponsor-backed assets across both LP-led and GP-led transactions. Can`t stop reading?
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.
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