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The privateequity giant is reportedly in discussions with investmentbanks as it explores both full and partial exit scenarios. Since then, the market for compliance software has expanded significantly, fuelling interest from both industry players and privateequityfirms.
According to sources familiar with the matter, investmentbanks Jefferies and William Blair have been engaged to manage the sale process, expected to commence in the latter half of the year.
Kasada Capital Management, a South Africa-based real estate privateequityfirm, has $500m available for investment in Africa. He said no one is under any illusions as to the challenges in the continent, with access to debt probably leading the list of concerns. Japan’s Sumitomo Mitsui Banking Corp.
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.
and Deutsche Bank AG are also among the lenders considering a role in funding what would be the largest leveraged buyout of the year so far, according to the people, who asked not to be identified discussing the transaction. Read More: Private Credit Duels With Banks for $8 Billion DocuSign LBO Debt Shares in DocuSign fell as much as 4.7%
The company specializes in an instrument called venture debt -- or loans made at high interest rates. Generally speaking, during the early days of a start-up , founders will raise money from venture capital or privateequityfirms in exchange for equity. Hercules Capital: 11.5% Horizon Technology Finance: 9.9%
A roughly $5 billion debt deal for the buyout of health-care tech company Cotiviti Inc. was poised to become the largest such financing ever provided by private credit firms when first contemplated last year. The about-turn in the closely watched financing is the result of a tie-up between privateequityfirms KKR & Co.
Nordic Capital is weighing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to 3 billion euros ($3.27 billion pounds, while Blackstone acquired UK-based software firm Civica for $2.5 read more EQT’s Skincare Firm Galderma Sets Terms for $2.6 billion Swiss-franc ($2.6.
maker of sports uniforms and school yearbooks at more than $6bn, including debt, people familiar with the matter said. Bain has been interviewing investmentbanks to hire financial advisers that will help the privateequityfirm come up with a plan to cash out on its majority stake in Varsity Brands, the sources said.
Nasdaq is acquiring financial risk software company Adenza for $10.5bn in its largest-ever such deal, from privateequityfirm Thoma Bravo. Adenza, which is owned by privateequityfirm Thoma Bravo, is expected to generate $590mn in revenue and $300mn in cash flow this year, Nasdaq said. times EBITDA.
Privateequityfirms TA Associates and Warburg Pincus are exploring a sale of portfolio company Procare Solutions, a provider of child-care management software, that could value the business at nearly $2bn, including debt, according to a report by Reuters. Source: PrivateEquity Wire Can’t stop reading?
The privateequity owner of Intermedia Cloud Communications is exploring options including a sale that could value the communications services provider at more than $1bn, including debt, according to people familiar with the matter. Buyout firm Madison Dearborn Partners is working with investmentbank Evercore (EVR.N)
Privateequityfirm Silver Lake is preparing to explore a sale of Global Blue Group Holdings Ltd, a company that enables retailers to offer tax-free shopping after receiving expressions of interest from potential acquirers, people familiar with the matter said on Tuesday. Global Blue’s shares rose 9.2%
The direct-lending funds, one in euros and the other in dollars, are targeting capital from institutional investors for a fixed term, said the people, who aren’t authorized to speak publicly on private matters. Blackstone Credit and other major privatedebt managers such as Ares Management Corp.
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.
privateequityfirm General Atlantic is weighing joining co-shareholder Hg in selling its stake in Argus Media, which could lead to 50% of the oil pricing data business being sold, four people familiar with the matter told Reuters. privateequityfirm General Atlantic is weighing joining co-shareholder Hg in selling its.
NEW YORK, Aug 31 (Reuters) – The privateequity owners of Procare Solutions are exploring a sale that could value the child-care management software provider at nearly $2 billion, including debt, according to people familiar with the matter. Read more Bain Capital Invests in Sales Tech Startup Apollo.io
Thoma Bravo, a software investmentfirm with $134bn in assets under management, has completed its strategic growth investment in BlueMatrix, an end-to-end content creation and distribution platform for investment research providers. per share, privateequityfirm Sycamore Partners.
Guilherme Paulus, who founded travel agency chain CVC Brasil Operadora e Agencia de Viagens SA five decades ago but had unloaded his stake in the past few years, subscribed part of the company’s public equity offering that priced last Thursday. The transaction was part of an agreement with local bondholders in a distressed debt restructuring.
Investmentbanks, 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.
Prior to his involvement with Star Mountain, Glovier was a Managing Director within the credit business of Fortress Investment Group, where he led privateequity and debtinvestments with a focus on financial services.
BV Investment Partners (BV), a middle-market privateequityfirm focused on the tech-enabled business services, software and IT services sectors, has invested in CallTower, a specialist in cloud-based enterprise-class communications, contact centre and collaboration solutions.
Privateequity giant TPG is exploring the sale of Crunch Fitness, a gym chain that could be valued at over $1.5bn, including debt, according to a report by Reuters citing sources familiar with the matter. The process could commence in the first half of 2025, one of the sources said.
Privateequityfirm CVC Capital Partners has shunned the private credit markets in favour of loans from investmentbanks to finance two of its latest buyouts – restaurant group La Piadineria and vitamin manufacturer Sunday Natural – according to a report by Bloomberg.
Privateequityfirm Platinum Equity has hired advisers from investmentbank Goldman Sachs in exploring a sale of golf cart manufacturer Club Car that could value the company at more than $2bn, including debt, according to a report by Reuters citing unnamed sources.
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 privateequityfirms and are looking to augment the balance sheet with some debt.
Singapore- and New Delhi-based privateequityfirm Quadria Capital has marked the first close of its third investment vehicle. Read more Neuberger Berman to Manage £626m PrivateEquity Portfolio for Brunel Brunel Pension Partnership, one of the eight Local Government Pension Scheme (LGPS) pools, has.
Thompson Street Capital Partners, the privateequity owner of US fast-casual restaurant chain Freddy’s Frozen Custard & Steakburgers, is exploring a potential sale of the business at a valuation of over $1bn, including debt, according to a report by Reuters.
Jolt Capital, a privateequityfirm specialising in European growth deeptech investments, has added Valéry Talma as Managing Director US – Investor Relations to its investor relations team. He later served as Head of InvestmentBanking at HSBC in Saudi Arabia and as Deputy General Manager at Gulf Bank in Kuwait.
The opportunity cost of these transactions is that founders give up equity ownership in exchange for capital from investors. Hercules offers a mixture of venture debt vehicles -- typically term loans or revolvers that are used for growth capital or acquisition financing. Ares Capital: 9.2% Image source: Getty Images.
Luxembourg-based privateequityfirm CVC Capital Partners is preparing to make its first big deal in Australia over 14 years after it closed its office there, with the acquisition of struggling employment services provider APM, according to a report by the Australian Financial Review (AFR).
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-equityfirms. In exchange for capital, founders will give up equity in their company. Hercules Capital: 10.3%
But Ares executives insist their firm remains steadfast in its goal of offering institutional investors more than just privatedebt. Yet even there, private credit plays an outsize role. Even the language spoken by Ares executives suggests this is a firm where private credit is the prime mover.
More than half of large PE firms are looking to acquire an artificial intelligence (AI) business, according to the second annual Global M&A Trends and Risks Report from global law firm Norton Rose Fulbright and M&A intelligence specialist MergerMarket.
SentinelOne hasn't said anything about selling itself, and the recent rumors merely suggest it's brought in the investmentbank Qatalyst Partners to explore a potential deal. Privateequityfirms like Advent International and Thoma Bravo have also been scooping up a lot of smaller cybersecurity companies in recent years.
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 privateequity and other private credit and private fund clients.
Axial is excited to release its Q2 2023 Lower Middle Market InvestmentBanking League Tables. These quarterly league tables reveal the top 25 investmentbanks active on the Axial platform in Q2. In Q2, 771 sell-side investmentbanks and M&A advisors brought a total of 2,647 deals to market.
Axial is excited to release its Q1 2023 Lower Middle Market InvestmentBanking League Tables. These league tables reveal the top 25 investmentbanks that were active on the Axial platform in Q1. In Q1, 740 sell-side investmentbanks and M&A advisors brought a total of 2,775 deals to market.
TA Associates and Warburg Pincus mull $2bn Procare sale Submitted 01/09/2023 - 11:39am Privateequityfirms TA Associates and Warburg Pincus are exploring a sale of portfolio company Procare Solutions, a provider of child-care management software, that could value the business at nearly $2bn, including debt, according to a report by Reuters.
Blackstones ISN Software is exploring strategic options, including a potential sale of the business, which could value the compliance software company at $6bn or more, including debt, according to a report by Bloomberg citing sources familiar with the matter.
Scott Mitchell, Managing Director of InvestmentBank, SDR Ventures says “there is a lot of volatility in many consumer oriented businesses right now.” These COVID induced abnormalities are making it difficult for the market to understand which sub-sectors will lead or lag in today’s market.
The origination and servicing businesses we have built, with dramatic earnings growth and expansion cycles, and steady earnings and cash flow in down cycles, is what allows W&D to maintain our market presence and invest for the future in challenging markets. billion of transaction volume was driven by strong debt brokerage volume of $3.3
They’re one of the older privateequityfirms around, been been in business since 1994. There aren’t a lot of companies, and there aren’t a lot of people that have the historical perspective on the rise of privateequity like Michael Fish does. They run over $27 billion in, in assets.
Are Financial Modeling Courses Necessary Financial modeling is a cornerstone skillset for privateequity associates. Courses are not strictly necessary but very helpful for candidates who have not gone through investmentbanking analyst programs. The quality of the content is solid.
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