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Banks ramp up leveraged buyouts as interest rates fall

Private Equity Wire

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 leveraged buyout (LBO) market — one of the most profitable sectors in finance, according to a report by Bloomberg. Lending limits have also increased.

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Apollo and ICG expand into South Korea as private equity gains momentum

Private Equity Insights

Private equity firms are also playing an increasing role in reshaping governance and management at undervalued Korean companies, unlocking new value creation opportunities. Lower interest rates are expected to further fuel leveraged buyouts, setting the stage for an active 2025, Deloitte reported.

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Blackstone, Carlyle, and Hellman & Friedman set for potential Medline IPO windfall

Private Equity Wire

Medline Industries, a medical supplies giant backed by PE firm Blackstone, Carlyle, and Hellman & Friedman, has confidentially filed for a US IPO, setting the stage for a 2025 listing that could value the company as high as $50bn, according to report by Reuters.

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Akin adds Partner to PE transactions practice

Private Equity Wire

Alperovich has extensive experience advising private equity sponsors and their portfolio companies on a broad range of transactions, including mergers and acquisitions, leveraged buyouts, minority and growth investments, joint ventures, carve-outs and divestitures, restructurings, SPACs and de-SPACs, and investments in general partners.

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Era of private credit outperformance over PE may be ending, says State Street

Private Equity Wire

The loosening of credit conditions is likely to help private equity by easing borrowing constraints, which have slowed deal-making, while lower credit costs could also relieve pressure on portfolio companies that had taken on costly leverage amid high borrowing costs, smoothing the path for exits.

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Carlyle secures private credit loan for WSG deal

Private Equity Wire

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. Representatives from Carlyle, Ares, KKR Credit, and UBS declined to comment.

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Linden Closes $400 Million Structured Capital Fund

Private Equity Professional

Limited partners in SCF II include both new and returning SCF I investors such as pension plans, insurance companies, family offices, and asset managers from the United States, Europe, Asia, and the Middle East. The support of our existing and new investors in SCF II underscores our approach, and we’re proud to announce this milestone.

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