Private Equity Wire

NOVEMBER 29, 2024

KKR, the Canada Pension Plan Investment Board (CPPIB), and Axel Springer CEO Mathias Döpfner are working to secure approximately €4bn ($4.2bn) in debt to finance a strategic separation of the German media giant’s classified ads businesses from its news operations, according to a report by Bloomberg.

Debt 97

Debt Leveraged Buyouts Buyout Leveraging 97

Private Equity Wire

SEPTEMBER 16, 2024

Private equity giant Apollo is making a push into the high-grade debt market, an area long controlled by traditional banks, steered by former UBS, Swiss Re, and the World Bank executive Jamshid Ehsani, who joined the firm in 2010, according to a report by the Financial Times.

Banks 94

Banks Debt Leveraged Buyouts Buyout 94

The Motley Fool

APRIL 28, 2024

Unlike Hercules, Ares doesn't typically work with high-profile tech companies that have raised funds from venture capital firms. Moreover, while Hercules specializes in basic debt instruments such as term loans or revolvers (think a corporate line of credit), Ares offers more sophisticated products -- including leveraged buyouts (LBOs).

Leveraged Buyouts 244

Leveraged Buyouts Due Diligence Buyout Venture Capital 244

Private Equity Insights

SEPTEMBER 28, 2023

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. Blackstone Credit and other major private debt managers such as Ares Management Corp. Blackstone Inc.

Leveraged Buyouts 147

Leveraged Buyouts Buyout Private Equity Firms Private Equity Firms 147

Private Equity Wire

AUGUST 30, 2024

Leveraged buyout 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%.

Leveraged Buyouts 98

Leveraged Buyouts Accounting Buyout Leveraging 98

Private Equity Insights

FEBRUARY 9, 2024

Billion for Australia Private Credit Fund Ares Management Corp. billion) for a credit fund for Australia and. read more Dutch Pension Fund Divests $3B from Fossil Fuel Firms Dutch pension fund PFZW has completed a $3.02 Billion for Australia Private Credit Fund Ares Management Corp. Read more Ares Raises $1.7

Leveraged Buyouts 130

Leveraged Buyouts Pension Funds Buyout Leveraging 130

Private Equity Wire

FEBRUARY 2, 2024

Global law firm White & Case is expanding its global debt finance practice and has appointed Lauren Winter, who has joined from Shearman & Sterling where she was Counsel, as a Partner in London. White & Case has dedicated bank lending, private credit & direct lending and borrower finance teams.

Debt 75

Debt Finance Financing Leveraged Buyouts 75

Private Equity Wire

MAY 22, 2024

Private credit lenders and banks are vying to offer debt financing for a potential acquisition of US education software provider PowerSchool Holdings, according to a report by Bloomberg citing people with knowledge of the matter. The financing could include a $2.4bn funded term loan, a $500m delayed-draw term loan and a $300m revolver.

Buyout 98

Buyout Banks Leveraged Buyouts Private Equity Firms 98

Private Equity Wire

JULY 23, 2024

The report cites unnamed sources familiar with the matter as revealing that the new fund will provide senior secured loans to finance European leveraged buyouts. The firm was founded in 2016 by former Canada Pension Plan Investment Board executive David Allen.

Leveraged Buyouts 97

Leveraged Buyouts Buyout Leveraging Stakes 97

Private Equity Professional

SEPTEMBER 20, 2024

The firm invests equity in a range of transaction types involving a change of ownership, such as management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, and management buy-ins. TPG Twin Brook was the administrative agent on the debt financing to support IGP’s buy of AMG. billion in capital.

Leveraged Buyouts 130

Leveraged Buyouts Buyout Finance Financing 130

Private Equity Wire

APRIL 29, 2024

Global law firm Goodwin has appointed Ian Keefe and George Weavil as Partners within the firm’s private equity practice in its London office, which covers M&A, private investment funds and debt finance.

Leveraged Buyouts 98

Leveraged Buyouts Buyout Law Firms Asset Management 98

Financial Times M&A

MAY 29, 2023

Lenders return to funding leveraged buyouts after painful year in which fees were hit hard

Leveraged Buyouts 75

Leveraged Buyouts Banks Debt Buyout 75

This is going to be BIG.

APRIL 21, 2013

Ten years ago, I was an analyst for the General Motors pension fund, working on fund investments into leveraged buyout funds and venture capital deals. I literally wrote the investment memo for GMs investment into Accel IX, otherwise known as the "Facebook Fund." (I Venture Capital & Technology'

Leveraged Buyouts 118

Leveraged Buyouts Venture Capital Buyout Pension Funds 118

The Motley Fool

MARCH 17, 2024

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. Horizon lends capital to companies looking for additional cash runway, or sometimes even helps fund acquisitions. Hercules Capital: Dividend yield 10.5%

Leveraged Buyouts 130

Leveraged Buyouts Exchange-Traded Funds Private Equity Firms Private Equity Firms 130

The Motley Fool

MARCH 6, 2024

The company specializes in more complex transactions such as leveraged buyouts , for example. The chart below tracks the total return of Ares stock versus a number of leading S&P 500 -themed exchange-traded funds (ETFs). Given its size, Ares also has more financial flexibility than a typical BDC. Horizon Technology: 11.1%

Leveraged Buyouts 246

Leveraged Buyouts Initial Public Offering Shareholders Exchange-Traded Funds 246

Private Equity Insights

MARCH 17, 2023

Question is: Can it become a one-stop shop for pension funds, endowments, insurers, and sovereign wealth funds eager for exposure to every major alternative-asset class — without diminishing its private credit franchise? Despite staying with private debt, Ares had no trouble keeping pace with the rest of the industry.

Pension Funds 130

Pension Funds Buyout Leveraged Buyouts Asset Management 130

AltAssets

FEBRUARY 9, 2024

Ares Management has reportedly raised an A$2.6bn ($1.7bn) credit fund targeting Australia and New Zealand amid a retreat by traditional lenders in the space. The post Ares eyes LBO debt funding gap by raising $1.7bn Australia, New Zealand-focused fund – report first appeared on AltAssets Private Equity News.

Debt 72

Debt Funds Leveraged Buyouts Leveraging 72

The Motley Fool

FEBRUARY 27, 2024

It specializes in an investment vehicle called venture debt. Typically, a start-up will raise funds during its early days from venture capitalists (VC) or private-equity firms. Founders seeking capital may eventually look for a loan since debt doesn't come attached to any ownership share of the company. Hercules Capital: 10.3%

Leveraged Buyouts 130

Leveraged Buyouts Due Diligence Initial Public Offering Exchange-Traded Funds 130

Private Equity Wire

AUGUST 27, 2024

He has previously represented private equity funds, independent sponsors, public and private companies, search funds, family offices, founders and entrepreneurs in mergers, acquisitions, divestitures, leveraged buyouts, recapitalisations, debt and equity financings, venture capital transactions and joint ventures.

Mergers and Acquisitions 75

Mergers and Acquisitions Leveraged Buyouts Law Firms Buyout 75

Private Equity Wire

SEPTEMBER 2, 2024

A&O Shearman private equity business advises nine of the 10 largest global private equity fund managers and 60% of the 25 largest global private equity fund managers, according to PEI 300 2023. Graham and Dunbar join from Sidley Austin and follow the recent Debt Finance hires of Karen McMaster, Parisa Clovis and Filippo Crosara.

Leveraged Buyouts 75

Leveraged Buyouts Private Equity Firms Private Equity Firms Financial Institutions 75

Private Equity Wire

NOVEMBER 1, 2023

Our strategy leverages this digital shift to enhance trade transparency and reduce human bias, positioning us to exploit market inefficiencies more effectively. Q: Drakai Capital has recently been honoured with the ‘Best Credit Hedge Fund – Credit Long/Short’ award. How does this accolade resonate with your firm’s ethos?

Hedge Funds 98

Hedge Funds Leveraged Buyouts Capital Buyout 98

Private Equity Wire

OCTOBER 22, 2024

Global law firm Ropes & Gray has named 12 of its existing attorneys as the firm’s latest Partners, effective 1 November, including several whose practices cater for private equity and other private credit and private fund clients. Rachel O’Brien (Washington DC) advises on the formation and management of private investment funds.

Mergers and Acquisitions 75

Mergers and Acquisitions Leveraged Buyouts Private Equity Firms Private Equity Firms 75

Pension Pulse

APRIL 25, 2024

Paula Sambo of Bloomberg reports Canada pension fund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

The Big Picture

JANUARY 21, 2023

Prior to founding New Mountain Capital in 1999, Klinsky was co-founder of the leveraged buyout group at Goldman Sachs, where he helped execute over $3 billion of pioneering transactions for Goldman and its clients. He also explains how Forstmann Little was the white shoe alternative to the firms doing junk bond financing.

Leveraged Buyouts 65

Leveraged Buyouts Capital Buyout Education 65

Private Equity Wire

AUGUST 18, 2023

Troutman Pepper adds to PE group Submitted 18/08/2023 - 11:49am Private equity debt financing partners Jonathan Homer and Bruce Stainers have joined Troutman Pepper's Corporate Practice Group in New York and San Francisco, respectively. He works with PE sponsors, debt investment funds, publicly traded companies, and privately held ventures.

Leveraged Buyouts 52

Leveraged Buyouts Buyout Leveraging Debt 52

Private Equity Professional

AUGUST 12, 2024

Leveraged buyout volumes remained down from historical highs in Q2 2024, as did EBITDA purchase price multiples, which decreased from 11.5x The spread tightening and overall positive performance trends from strong credits caused the average senior credit mark in the Lincoln Senior Debt Index (LSDI) to increase from 98.4%

Buyout 100

Buyout Enterprise Values Leveraged Buyouts Mergers and Acquisitions 100

Private Equity Wire

AUGUST 25, 2023

Private credit firms discussing $3.4bn Hyland loan package Submitted 25/08/2023 - 11:11am A group of private-credit lenders led by Golub Capital, Ares Management Corp, Blue Owl Capital, and Oak Hill Advisors, are in talks to extend a $3.25bn loan to Hyland Software Inc, so the company can refinance existing debt, according to a report by Bloomberg.

Leveraged Buyouts 52

Leveraged Buyouts Buyout Debt Leveraging 52

Private Equity Wire

JUNE 27, 2023

Credit crusaders fill the wall street void Submitted 27/06/2023 - 1:54pm This article first appeared in the March 2023 T ech Buyouts Insights Report Private credit funds could become a more permanent fixture in tech’s leveraged buyout market thanks to their speed of execution and reliability, especially in challenging macroeconomic conditions.

Buyout 52

Buyout Leveraged Buyouts Debt Finance 52

Udu

MAY 31, 2023

Fund managers took different approaches during this time, some riding out the storm with cost cuts, “hibernating” businesses with sufficient reserves, and others simply handing over the keys of a few companies to banks so they can focus on the future.

Leveraged Buyouts 52

Leveraged Buyouts Private Equity Firms Private Equity Firms Buyout 52

Pension Pulse

JULY 11, 2024

Funds raised money, bought businesses, loaded them with debt, exited at a profit and convinced happy investors to do it all over again — at ever greater scale. Some top industry figures don’t dispute the perils of gulping down more and more varieties of debt. “On Surging borrowing costs have stalled that engine.

Buyout 59

Buyout Debt Leveraging Collateral 59

The Big Picture

SEPTEMBER 23, 2024

Victor has had a fascinating career, stood up the distressed debt department at Citibank before doing the same thing at Merrill Lynch a few years later. They do everything from hard assets like real estate, infrastructure, aircraft, power plants, to private debt, event driven opportunities. 15 businesses with over 90,000 employees.

Debt 59

Debt Leveraging Banks Leveraged Buyouts 59

Blackstone

NOVEMBER 16, 2023

With slower bank and leveraged loan growth, demand for partners in private credit is high. Private credit provided 65% of loans for the leveraged buyout (LBO) market in 2021 and 86% for the market as of year to date 2023. First, a low fund leverage profile increases fund liquidity and/or capital available for investment.

Leveraging 52

Leveraging Banks Debt Leveraged Buyouts 52

Udu

MAY 24, 2023

According to Bain & Company, global funds raised across the full private capital spectrum hit $1.2 Leveraged Buyout (LBO) An LBO transaction is an acquisition funded using a significant amount of debt where assets from both parties are used as collateral. trillion in 2021 – a 14% increase from the prior year.

Due Diligence 40

Due Diligence Best Practices Leveraged Buyouts Collateral 40

Axial

FEBRUARY 27, 2024

However, despite increasing numbers of independent sponsors, family offices, search funds, and other less conventional buyers, private equity funds remain the most prominent type of financial buyer in the market. billion of committed capital across four funds. .” billion of committed capital across four funds.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Buyout Mergers and Acquisitions 59

The Big Picture

DECEMBER 5, 2023

Michael Fisch : 00:07:15 [Speaker Changed] The largest fund then was KKR with $175 million. The second largest fund was Forman little with 150. These are, those entire funds are like partial transaction. And when we went to raise our first fund, again, we had the great benefit of the support of the William Rosenwald family.

Private Equity Firms 69

Private Equity Firms Private Equity Firms Mergers and Acquisitions Debt 69

The Big Picture

JANUARY 24, 2023

They grew a business where they issued junk debt. They have $37 billion in clients and their own funds, of which they have invested across a variety of disciplines from credit to strategic capital, as well as taking companies private and helping them grow into something more substantial than they’ve been in the past.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

The Big Picture

SEPTEMBER 26, 2023

I found this to be just a masterclass in everything you need to know about distressed credit investing, private credit, the role of the economy, the fed interest rates, inflation, bottoms up, credit picking, and how to manage a firm and a fund in light of just massive dislocations in your space, as well as the overall economy.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52