Private Equity Insights

FEBRUARY 2, 2024

are in talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. 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. KKR & Co.

Buyout 195

Buyout Financing Finance Leveraged Buyouts 195

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

Private Equity Wire

MARCH 18, 2024

Private equity firms including Advent International and Blackstone are approaching both banks and private lenders over debt packages of around €7.5bn ($8.16bn) to help finance a potential acquisition of Sanofi’s consumer health division, according to a report by Bloomberg.

Leveraged Buyouts 97

Leveraged Buyouts Banks Debt Private Equity Firms 97

The Motley Fool

APRIL 28, 2024

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). ARCC Price to Book Value data by YCharts At a price-to-book (P/B) ratio of just 1.1,

Leveraged Buyouts 244

Leveraged Buyouts Due Diligence Buyout Venture Capital 244

Private Equity Insights

FEBRUARY 9, 2024

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 leveraged buyout vehicle for the region, has deployed over A$1.04 Ares Management Corp. has raised A$2.6 billion ($1.7

Leveraged Buyouts 130

Leveraged Buyouts High Net Worth Individuals Pension Funds Buyout 130

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

SEPTEMBER 28, 2023

Blackstone Credit and other major private debt managers such as Ares Management Corp. The industry growth is being driven by investment bank caution around underwriting leveraged buyouts given volatile market conditions. A spokesperson for Blackstone declined to comment. Source: BNN Bloomberg Can’t stop reading?

Leveraged Buyouts 147

Leveraged Buyouts Buyout Private Equity Firms Private Equity Firms 147

Private Equity Insights

FEBRUARY 9, 2024

percentage points above the Secured Overnight Financing Rate and at a discounted price of 98 cents on the dollar.

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 Financing Finance Leveraged Buyouts 75

Private Equity Wire

JANUARY 29, 2024

Blackstone, the world’s largest private equity firm, has turned to direct lenders to help finance its $2.3bn acquisition of Rover Group, the world’s largest online marketplace for pet care, with the firm seeking about $250m of private debt, according to a report by Bloomberg. Some lenders have pushed for a higher price, however.

Buyout 75

Buyout Debt Leveraged Buyouts Private Equity Firms 75

Private Equity Wire

APRIL 4, 2024

She has pan-European cross sector experience in a variety of corporate transactions, including leveraged buyouts, strategic mergers and acquisitions, divestitures, joint ventures, structured and minority equity investments, equity and debt restructurings and management equity plans.

Leveraged Buyouts 96

Leveraged Buyouts Mergers and Acquisitions Law Firms Buyout 96

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. Banks are also said to be offering competing packages that include a smaller amount of debt and preferred equity.

Buyout 98

Buyout Banks Leveraged Buyouts Private Equity Firms 98

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.

Leveraged Buyouts 130

Leveraged Buyouts Buyout Financing Finance 130

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. Based in London, AlbaCore manages approximately $9.4bn in assets and has traditionally focused on higher-yielding debt, including capital solutions and opportunistic credit.

Leveraged Buyouts 97

Leveraged Buyouts Buyout Leveraging Stakes 97

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

Private Equity Insights

AUGUST 31, 2023

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 leveraged buyouts and growth capital. The firm was founded in 1992 and manages assets and investments totaling $139bn.

Consulting 130

Consulting Consultants Leveraged Buyouts Private Equity Firms 130

The Motley Fool

MARCH 6, 2024

The company specializes in more complex transactions such as leveraged buyouts , for example. The company also specializes in venture debt for start-ups in the technology, life sciences, and sustainable energy industries. 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 Wire

FEBRUARY 8, 2024

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 leveraged buyout of software developer Alteryx, according to a report by Bloomberg.

Leveraged Buyouts 98

Leveraged Buyouts Buyout Leveraging Financing 98

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. What can make debt an optimal solution in fundraising is that, unlike equity, it doesn't dilute existing shareholders. Hercules Capital: Dividend yield 10.5%

Leveraged Buyouts 130

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

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. In fact, the one area I was pretty set on eliminating from my consideration set--leveraged buyouts--was the area where partners seemed to make the most money.

Leveraged Buyouts 118

Leveraged Buyouts Venture Capital Buyout Pension Funds 118

Private Equity Professional

OCTOBER 16, 2024

Centerbridge invests between $50 million and $300 million in US-based leveraged buyouts and distressed securities. Bain Capital Credit has $41 billion in assets under management and invests in leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans, and equities.

Leveraged Buyouts 130

Leveraged Buyouts Enterprise Values Buyout Leveraging 130

Private Equity Wire

OCTOBER 2, 2024

Global private investments firm Apollo Global Management has set its sights on doubling its assets under management to $1.5tn by 2029, positioning itself as a major player in global debt underwriting, according to a report by the Financial Times. In every market, banks are being asked to do less, and investors are being asked to do more.

Assets 83

Assets Leveraged Buyouts Private Equity Firms Private Equity Firms 83

The Motley Fool

DECEMBER 18, 2023

Steel debt. With companies that rely on considerable leverage in their operations, the rise in interest rates is still working its way through income statements. It could take some time for earnings to fall to reflect higher debt financing costs. Shareholders will receive $55 per share for their U.S. Steel closed on Friday.

Mergers and Acquisitions 130

Mergers and Acquisitions Leveraged Buyouts Buyout Bidding 130

The Motley Fool

FEBRUARY 27, 2024

It specializes in an investment vehicle called venture debt. Founders seeking capital may eventually look for a loan since debt doesn't come attached to any ownership share of the company. However, the catch is that this debt typically carries a much higher interest rate than a loan from a bank. Hercules Capital: 10.3%

Leveraged Buyouts 130

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

Private Equity Wire

MARCH 6, 2024

So far this year, 21 companies have issued a broadly syndicated loan (BSL) in refinancing $8.3bn of debt previously provided by direct lenders, with Moody’s citing PitchBook LCD data. These transactions allowed the BSL market to recover over $16bn of loans that were repaid in favour of private credit in 2023.

Leveraging 98

Leveraging Leveraged Buyouts Buyout Asset Management 98

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 Insights

MARCH 17, 2023

But Ares executives insist their firm remains steadfast in its goal of offering institutional investors more than just private debt. William Benjamin, head of Ares’ real estate group, describes the parent company’s prowess in private debt as an invaluable fundraising tool. Thus far, Ares has diversified farthest into real estate.

Pension Funds 130

Pension Funds Buyout Leveraged Buyouts Asset Management 130

Private Equity Wire

SEPTEMBER 2, 2024

His practice focuses on advising private equity firms and other financial institutions on transactions including leveraged buyouts, venture and growth capital investments, joint-ventures and co-investments, opportunistic and distressed acquisitions, take-privates and carve-outs, across the investment lifespan through to exit.

Leveraged Buyouts 75

Leveraged Buyouts Private Equity Firms Private Equity Firms Financial Institutions 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

Private Equity Wire

OCTOBER 22, 2024

Dee Kuchukulla (New York) guides leading private equity sponsors and their portfolio companies on an array of complex transactions, from leveraged buyouts and sales to carve-outs, cross-border deals, joint ventures, and take-privates across industries. She brings a deep understanding of technology and consumer brands.

Mergers and Acquisitions 75

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

AltAssets

FEBRUARY 9, 2024

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. 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.

Debt 72

Debt Funds Leveraged Buyouts Leveraging 72

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.

Leveraged Buyouts 64

Leveraged Buyouts Capital Buyout Education 64

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 Wire

NOVEMBER 1, 2023

Before establishing Drakai Capital, Sam dedicated 15 years (2004-2019) at Société Générale’s proprietary trading desks, initially as a credit derivatives trader, then advancing as a quantitative portfolio manager spearheading capital structure arbitrage and cross-asset absolute return strategies across European and U.S. markets.

Hedge Funds 98

Hedge Funds Leveraged Buyouts Capital Buyout 98

The Motley Fool

JANUARY 24, 2024

billion in cash and only $835 million in debt. These factors seem to have made the company an attractive option for potential leveraged buyout by private equity companies. DocuSign also saw a staggering 565% year-over-year jump in free cash flows to $240.3 million at the end of the quarter. Is DocuSign a buy?

Leveraged Buyouts 100

Leveraged Buyouts Investors Buyout Private Equity Firms 100