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The privateequityfirms aim to refinance or reprice Adevintas existing 4.5bn debt and may raise an additional 2bn, potentially for a shareholder dividend, according to sources familiar with the matter. The firms acquired Adevinta in 2023 in one of Europes largest leveragedbuyouts backed by private credit.
The report cites unnamed sources familiar with the matter as revealing that the privateequityfirms have started consulting with investment banks in preparation for a potential sale process, expected to begin in early 2025.
Warburg Pincus, a leading privateequityfirm managing approximately $86bn in assets, has no immediate plans to pursue an initial public offering (IPO), according to a report by Reuters quoting CEO Jeffrey Perlman at the Reuters NEXT conference in New York on Tuesday.
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 leveragedbuyout of the year so far, according to the people, who asked not to be identified discussing the transaction.
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.
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.
Generally speaking, during the early days of a start-up , founders will raise money from venture capital or privateequityfirms in exchange for equity. For this reason, once the start-up reaches a maturity point generating consistent cash flow, it may seek out alternative financing options like debt.
Hastings, who joins from Eversheds Sutherland, is a finance lawyer focused on leveraged and acquisition financing. Hastings acts for privateequityfirms and their portfolio companies, corporate borrowers and for private credit funds in relation to transactions at all levels of capital structures.
Taurus Private Markets, a Pennsylvania based privateequityfirm, today announced the final close of Taurus Private Markets Fund II, LP. Taurus Private Markets invests in value-oriented, lower middle market leveragedbuyout and private credit partnerships with target fund sizes less than $1.25bn.
The two privateequityfirms 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. While the investment firms have not joined forces, it is possible that they may partner down the line to clinch a deal, the sources added.
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 as it was delisted by privateequityfirm TPG Inc.;
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.
Privateequityfirms 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.
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. Horizon Technology Finance: Dividend yield 11.4% Hercules Capital: Dividend yield 10.5% dividend yield.
The 2021 vintage, which saw significant privateequity deployment, will be four years old in 2025, making many successful deals ripe for exit.” This improved financing landscape has encouraged firms like Blackstone to pursue larger deals, with the firm having already demonstrated its appetite for sizeable deals.
The report cites CEO Marc Rowan as unveiling the ambitious growth plan during the firm’s investor day presentation, signalling a strategic shift as companies increasingly turn to private capital for financing, rather than traditional bank loans. We are just at the beginning of this trend.”
PARTNER CONTENT By Lou Gueroeva PrivateEquity Business Development Lead, Zanders In the modern privateequity (PE) landscape, there is a growing shift from traditional financial engineering towards operational value creation, with treasury and finance optimization becoming key drivers of sustainable returns.
His practice focuses on advising privateequityfirms and other financial institutions on transactions including leveragedbuyouts, 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.
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% It specializes in an investment vehicle called venture debt.
Blackstone, the world’s largest privateequityfirm, 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.
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. She brings a deep understanding of technology and consumer brands.
Lately, much attention has been lavished on Ares Capital, the unit created in 2004 to provide financing for middle-market acquisitions, recapitalizations, and leveragedbuyouts. It’s easy enough to understand why Ares Cap would prefer to lend to a big firm than to a small- or middle-market one.
PE firms adding hedge funds to approved lender lists Submitted 16/08/2023 - 11:22am Privateequityfirms, including buyout major KKR & Co, are beginning to add hedge funds to their 'white lists' of approved lenders used to arrange funding for leveragedbuyout deals, according to a report by Bloomberg.
CVC agrees €1bn deal for Dutch infrastructure firm DIF Capital Partners Submitted 05/09/2023 - 11:29am European privateequityfirm CVC has agreed to acquire a majority stake in Dutch infrastructure investor DIF Capital Partners in a deal worth around €1bn in cash and shares, with a commitment to acquire the remaining shares "over time".
CVC to pay €1bn for Dutch infrastructure firm DIF Capital Partners Submitted 05/09/2023 - 11:29am European privateequityfirm CVC has agreed to acquire a majority stake in Dutch infrastructure investor DIF Capital Partners in a deal worth around €1bn in cash and shares, with a commitment to acquire the remaining shares "over time".
The Fed’s moves to combat inflation put privateequityfirms in a tricky situation. As the global economy continues to evolve and face new challenges, privateequityfirms will need to remain adaptable, focusing on sectors and strategies that demonstrate resilience and long-term growth potential.
PrivateEquityPrivateequity is a form of alternative investment that involves investing in privately-held companies. It encompasses strategies such as venture capital, leveragedbuyouts and investing directly in publicly-traded privateequityfirms.
PrivateEquityPrivateequity is a form of alternative investment that involves investing in privately-held companies. It encompasses strategies such as venture capital, leveragedbuyouts and investing directly in publicly-traded privateequityfirms.
They’re one of the older privateequityfirms around, been been in business since 1994. Were you always thinking about going into finance? What, what was it that made you say, Hey, this finance thing looks like it’s fun and interesting? And now we call it the privateequity industry.
Today we are featuring the 25 Most Active PrivateEquityFirms on the Axial platform. ” Industries: Technology, Manufacturing, Business Services, Distribution, Healthcare Visit Baymark’s Profile “Pfingsten is an operationally-driven privateequityfirm focused on long-term value creation.
BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, his name is Steve Klinsky, and he has an absolutely storied history in the field of privateequity. And what was interesting was the first leveragedbuyout of a public company happened when I was in graduate school.
I mean, if you’re buying debt in, in, you name it company at 20 cents to 60 cents, and they’re owned by, you know, marquee privateequityfirms, what’s gonna happen with that? And it’s a, a reasonable way to do financing depending on what risk level the, the bar the lender wants to assume.
So, is it, is it safe to say finance was always in the career plans? 00:02:24 [Speaker Changed] Finance and business was always in the career plans. Running a $19 billion privateequity, opportunistic credit firm was not. Early nineties was the start of the modern high yield leveragebuyout business done at scale.
Paula Sambo of Bloomberg reports Canada pension fund's credit head wants to take advantage of leveragedbuyout 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 leveragedbuyouts to generate some of that growth.
That’s weighing heavily on the current round of fundraising by privateequityfirms, who are known in the industry as “sponsors” or general partners. “PE The proliferation of NAV, PIK and similar has also deepened connections between PE firms and their credit cousins, a possible contagion risk if things go wrong.
The financing, expected to be denominated in Chinese yuan, is likely to have a tenure of five to seven years, with proceeds directed toward offshore expenses related to the deal, according to Bloomberg sources. Advent has declined to comment on the financing.
The turnaround attempt isn't working out, and management has reportedly talked to privateequityfirm Sycamore about a leveragedbuyout. Even that desperate exit idea seems unlikely, as the deal-financing banks would insist on a profitable long-term business plan. billion of long-term debt.
Privateequity giant Carlyle Group is pursuing at least AUD500m ($324m) in debt financing to support its acquisition of Waste Services Group, an Australian waste management firm, from Livingbridge EP, according to a report by Bloomberg. A Carlyle spokesperson declined to comment on the matter.
Advent International is in talks to secure a $300m equivalent leveragedbuyout (LBO) loan to support its acquisition of Ginko Internationals mainland China operations, according to a report by Bloomberg citing unnamed sources familiar with the matter. Discussions with lenders are ongoing, and deal terms may still change.
Carlyle Group is aiming to accelerate the pace of initial public offerings (IPOs) and asset sales in 2025, targeting $4bn to $5bn in exits from its privateequity portfolio, in line with last years divestments, according to a report by Reuters.
This week on the podcast, another extra special guest, David Ru, is Chairman of Bay Pine, a fascinating privateequityfirm. They are not interested in simply flipping companies or buying firms, and then quickly selling them what they do. Much more involved than a consulting firm. Optical, this telecom that.
The current book is called “These Are the Plunderers, How PrivateEquity Runs and Wrecks America” That’s a little bit of a sensationalistic headline. When we spoke, the focus and conversation really emphasizes the largest of the large privateequityfirms. RITHOLTZ: At Vogue, though. MORGENSON: At Vogue.
In this role, Mr. Jhooty is responsible for the Total Fund Management department where he leads the balancing and financing portfolio, which is invested in global public securities, as well as balance sheet management, tactical positioning, trading and portfolio design. through an equityfinancing round and a secondary transaction.
Brookfield’s ascendance comes as some privateequityfirms struggle to complete buyouts amid shaky financing markets and rich price demands from sellers. He’s looking for more, saying in May that Brookfield is exploring a number of take-privates across every aspect of its business.
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