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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. The funds will support Carlyles purchase of the stake from Livingbridge, the anonymous source said.
The potential move comes as private equity firms look to exit older investments after a period of slowed deal-making, largely due to high interest rates that have increased the cost of financing leveragedbuyouts. Clearlake Capital and Blackstone acquired minority stakes in 2018 and 2020, respectively.
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 billion) divestment of stakes in.
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) divestment of stakes in. billion) for a credit fund for Australia and.
The two private equity firms 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. A spike in financing costs in the last two years made financing leveragedbuyouts more expensive and big deals hard to clinch. Revenue rose 8.5%
The report cites unnamed sources familiar with the matter as revealing that the new fund will provide senior secured loans to finance European leveragedbuyouts. Last year, First Sentier Investors acquired a majority stake in the firm.
Hastings acts for private equity firms and their portfolio companies, corporate borrowers and for private credit funds in relation to transactions at all levels of capital structures.
Arctos Partners, known for its investments in high-profile sports teams including Paris Saint-Germain and the Boston Red Sox, is in advanced discussions to acquire a majority stake in private credit firm Hayfin Capital Management.
The report cites unnamed sources familiar with the matter as revealing that the proposed financing will tap the leveraged loan market and private credit funds. The first tranche of the financing — a €1.95bn ($2.1bn) leveraged loan — was launched on 19 November and will part fund the spin-out of jobs platform The Stepstone Group.
pension fund manager sells $1-billion of private equity holdings to French buyout firm Ardian: British Columbia Investment Management Corp. is selling more than US$1-billion of stakes in private equity funds to French buyout firm Ardian SAS, tapping the secondaries market for private assets to free up cash for new investments.
The report cites unnamed sources as saying that a recent rebound in markets and the firm's closing of a record €26bn buyoutfund means the company now considers conditions for a listing to be more favourable, although no final decision has been made and the firm may still choose not to follow through on the plan. Like this article?
It encompasses strategies such as venture capital, leveragedbuyouts and investing directly in publicly-traded private equity firms. LeveragedBuyouts In contrast, there are leveragedbuyouts (LBOs) that involve acquiring established companies with the aim of restructuring or improving their operations to enhance profitability.
It encompasses strategies such as venture capital, leveragedbuyouts and investing directly in publicly-traded private equity firms. LeveragedBuyouts In contrast, there are leveragedbuyouts (LBOs) that involve acquiring established companies with the aim of restructuring or improving their operations to enhance profitability.
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. Concerns about PIK loans have also begun to impact the people who provide them, often private credit funds. Surging borrowing costs have stalled that engine.
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.
We are a fully funded defined benefit pension plan and have earned an annual total-fund net return of 9.5% And when did Brookfield acquire its controlling stake? This is making the deal easier to complete at a time when high interest rates and market volatility have made debt for leveragedbuyouts scarcer and more expensive.
The Fund, which includes the combination of the base CPP and additional CPP accounts, achieved a 10-year annualized net return of 9.6%. For the quarter, the Fund’s net return was 0.1%. For the period, the Fund’s net return was negative 0.7%. Received net proceeds of US$581 million from the sales of U.S.
Saudi Arabia overtook the UAE in 2023, accounting for 41 percent of transactions, driven by Vision 2030 and increased sovereign wealth fund activity. While global private equity rebounded in 2024, MENA investors remained cautious, prioritizing strategic growth investments over leveragedbuyouts. Can`t stop reading?
The report cites unnamed sources familiar with the matter as revealing that Carlyle is weighing options between securing bank loans or a private credit facility to fund the transaction. The firm is in exclusive negotiations with Livingbridge for a deal valued at approximately AUD1bn, as reported by the Australian Financial Review.
Blackstone is nearing the completion of fundraising for its flagship buyoutfund, concluding a prolonged campaign that extended beyond initial timelines and fell short of its original capital-raising ambitions, according to a report by Bloomberg citing sources familiar with the matter. Expectations for the funds size also evolved.
The fund, which oversees around $266.3 Changing investment approach amid market challenges Ontario Teachers shift comes as Canadas largest pension funds, known as the Maple Eight, are reconsidering their investment strategies. These funds collectively manage about $2.3
The private credit sector, a $1.5tn industry that includes specialised lenders like Apollo Global Management, Ares Management, and KKR, has long been a popular asset class for institutional investors, including pension funds.
Its energy transition fund was behind a $12 billion March deal for Australian utility Origin Energy Ltd. “A Brookfield’s ascendance comes as some private equity firms struggle to complete buyouts amid shaky financing markets and rich price demands from sellers.
They come in, they take a stake in a company. Sometimes it’s a minority stake, sometimes it’s a larger stake, and they help affect this massive change with great results. I ran the venture fund, did all the investing off the balance sheet. And they’re not, again, they’re not just consultants.
So, I graduated from business school in 1987 and went to GE Capital for two years, financing leveragedbuyouts. I mean, you know, I probably shouldn’t have been doing it because I had been a journalist covering public schools and knew nothing about leveragedbuyouts. And I actually started out of business school.
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