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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.
Lower interest rates are expected to further fuel leveragedbuyouts, setting the stage for an active 2025, Deloitte reported. The country’s growing pool of pension funds and increasing corporate restructuring activities are drawing the attention of alternative investment firms worldwide. increase from the previous year.
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.
The firms acquired Adevinta in 2023 in one of Europes largest leveragedbuyouts backed by private credit. The outcome of the financing process will determine how Blackstone and Permira optimise Adevintas capital structure moving forward. Can`t stop reading?
We would revisit [the idea of going public] if we felt we were at a competitive disadvantage, but I think the opposite is true right now, Perlman said, highlighting the advantages of staying private compared to peers like TPG and CVC Capital Partners, which have gone public in recent years. It was a tough vintage, Perlman said.
Northern Wholesale Supply (NWS), a distributor of outdoor and powersports equipment and supplies, has been acquired by Sun Capital Partners. “With Sun Capital’s resources, we’re not just continuing the legacy of the NWS businesswe’re elevating it. billion in commitments. billion in commitments.
Insight Partners, Blackstone, and Clearlake Capital, the joint owners of Diligent Corporation, are considering strategic options for the corporate governance software provider, including a potential sale that could value the business at around $7bn, including debt, according to a report by Reuters.
Hastings, who joins from Eversheds Sutherland, is a finance lawyer focused on leveraged and acquisition financing. Hastings acts for private equity firms and their portfolio companies, corporate borrowers and for private credit funds in relation to transactions at all levels of capital structures.
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. Jefferies Financial Group Inc.
Hercules Capital: 11.5% dividend yield Hercules Capital (NYSE: HTGC) is a prominent BDC that lends money to companies in the technology, life sciences, and energy sectors. Generally speaking, during the early days of a start-up , founders will raise money from venture capital or private equity firms in exchange for equity.
Leverage levels in private credit will increase as alternative asset managers’ rapid capital deployment in turn increases their share of the private credit market, according to a private credit research report by Moody’s Investor Services.
Hercules Capital Hercules Capital (NYSE: HTGC) is a business development company (BDC). Ares Capital Another prominent BDC is Ares Capital (NASDAQ: ARCC). Unlike Hercules, Ares doesn't typically work with high-profile tech companies that have raised funds from venture capital firms. Image source: Getty Images.
Lyman, whose practice focuses on hybrid capital, preferred equity and other equity capital solutions, joins from Kirkland & Ellis, where he was also Partner.
Private capital is experiencing a surge in acquiring renewable energy developers, increasingly favoring equity-based take-private deals for leveragedbuyouts due to high interest rates and rising electricity demand. The statistics underscore this movement. Brookfield Asset Management Ltd.,
The fund, which initially targeted $150m, closed with over $211m in capital commitments. Raising capital for a private equity fund in the current market environment is a challenge. The firm also invests with blue chip venture capital partnerships with target fund sizes less than $750m. Source: Yahoo!
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 Ares Management Corp. has raised A$2.6
is looking to raise over $10bn across two private loan funds in Europe and the US, according to people with knowledge of the matter, as the firm seeks to further capitalize on the growth of private credit. The industry growth is being driven by investment bank caution around underwriting leveragedbuyouts given volatile market conditions.
South Korea is cementing its status as a key destination for global private equity, drawing major firms such as Apollo Global Management and Intermediate Capital Group (ICG), with both having recently established offices in Seoul, according to a report by Private Equity Insights. increase from the prior year.
Private capital is experiencing a surge in acquiring renewable energy developers, increasingly favoring equity-based take-private deals for leveragedbuyouts due to high interest rates and rising electricity demand. The statistics underscore this movement. Brookfield Asset Management Ltd.,
Bain Capital and Hellman & Friedman are competing to acquire DocuSign Inc (DOCU.O) , the provider of online signature services with a market value of about $12.5 The two private equity firms 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.
Hercules Capital: 10.6% dividend yield Hercules Capital (NYSE: HTGC) is a business development company (BDC) that specializes in providing capital to venture-backed start-ups. Ares Capital: 9.5% dividend yield Another BDC on my list is Ares Capital (NASDAQ: ARCC). Rithm Capital: 9.1%
Leveragedbuyout financings accounted for almost half (42%) of all UK transactions in H1 2024, compared with just 29% in H1 2023, according to the latest MidCapMonitor report by global investment bank Houlihan Lokey. Debt funds played a dominant role, financing 77% of completed deals during this period, while banks contributed 23%.
Centerbridge is acquiring Precinmac from Pine Island Capital Partners , Bain Capital’s Private Credit Group , and Compass Partners Capital , who purchased the company from GenNx360 Capital Partners in April 2020. We are excited to begin our next chapter of growth with Centerbridge.
Prior to the acquisition, Connecticut Coining was owned by Ohio-based MavenHill Capital. Industrial Growth Partners provides equity capital to lower-middle market niche manufacturing and industrial services companies with revenues of up to $250 million. billion in capital.
Given the time I spent a decade ago doing not only venture capital, but investing in private equity funds that buy retail companies, I find this data collection fascinating. I was on the team that did a leveragedbuyout of AMF, the bowling alley company--so I''ve looked at lots of plans to upgrade in venue customer marketing.
Ten years ago, I was an analyst for the General Motors pension fund, working on fund investments into leveragedbuyout funds and venture capital deals. In fact, the one area I was pretty set on eliminating from my consideration set--leveragedbuyouts--was the area where partners seemed to make the most money.
Industry Expansion: Loans from private credit lenders have served as a lifeline to small businesses nationwide, particularly those that cannot qualify for loans from traditional banks or need capital beyond what banks can provide. Since the end of 2021, private credit has funded more non-leveragedbuyouts each quarter than syndicates.
Private equity firms Bain Capital and Hellman & Friedman emerged as potential suitors in the process. DocuSign boasts a market capitalization of just under $11 billion as of Monday's close, which would potentially make its acquisition one of the largest leveragedbuyouts in recent years. What's next for DocuSign stock?
Temel and the new team will advise private equity clients in transactions such as leveragedbuyouts, recapitalisations, as well as structured preferred and growth equity investments. In his new role, Temel will serve as a founding member of the firm’s new Boston office.
Roark Capital, a US PE firm focused on leveragedbuyout investments across franchise restaurant and food, health and wellness, and business services, has completed its acquisition of Subway in a deal valued at $9.6bn.
Pontillo, whose practice focuses on leveragedbuyouts and growth capital and venture capital transactions, joined Kramer Levin in 2021. Pontillo shares the role with Dana M Anagnostou, who has been elected to a third term in the joint-role.
Pennsylvania-based private equity firm Taurus Private Markets has held the final close of Taurus Private Markets Fund II, which initially targeted $150m, with over $211m in capital commitments. The firm also invests with blue chip venture capital partnerships with target fund sizes less than $750m.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up TPG, formerly Texas Pacific Group, is co-headquartered in Fort Worth and San Francisco and specializes in leveragedbuyouts and growth capital. Read more Bain Capital Invests in Sales Tech Startup Apollo.io
Arctos Partners, known for its investments in high-profile sports teams including Paris Saint-Germain and the Boston Red Sox, is in advanced discussions to acquire a majority stake in private credit firm Hayfin Capital Management.
Clearlake Capital and Insight Partners are close to agreeing a $2bn debt package with a group of private credit lenders including Apollo Global Management and Blackstone to help finance their leveragedbuyout of software developer Alteryx, according to a report by Bloomberg.
Ares Management, HPS Investment Partners, Blackstone and Blue Owl Capital are among the direct lenders aiming to provide an approximately $3bn debt package for the transaction. PowerSchool is based in Folsom, California and has reportedly also attracted interest from private equity firms Warburg Pincus and Bain Capital.
If successful, the deal will be one of the largest leveragedbuyouts in recent years. The report cites unnamed sources as confirming that Bain Capital, CVC Capital Partners, EQT, KKR & Co and Clayton, Dubilier and Rice have also all shown interest in in striking a deal for the unit with could be valued at up to $20bn.
The cost of capital has come down. ” Private equity firms are preparing for a recovery in leveragedbuyout volumes in 2025, supported by falling interest rates, a backlog of capital to deploy, and opportunities linked to the explosive growth of artificial intelligence (AI).
Be sure to check out our Masters in Business next week with Steven Klinsky, Founder and CEO, New Mountain Capital. Jennifer Grancio favorite books. The post MiB: Jennifer Grancio, Engine No. 1 appeared first on The Big Picture.
Hercules Capital: 9.5% dividend yield Hercules Capital (NYSE: HTGC) specializes in high-yield loans to start-ups that have raised funding from venture capitalists in the technology, healthcare, and energy sectors. Ares Capital: 9.3% Data source: Ares Capital. Should you invest $1,000 in Hercules Capital right now?
They point to several factors driving this trend, including record levels of uninvested capital, more affordable financing due to falling interest rates, and pressure from investors seeking returns through asset sales. Private equity is scaling up, with bigger pools of capital ready for major transactions.”
Hercules Capital: Dividend yield 10.5% Hercules Capital (NYSE: HTGC) is a BDC that invests in technology, life sciences, and sustainable energy businesses. The company typically supports start-ups that have raised funding from venture capital or private equity firms and are looking to augment the balance sheet with some debt.
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