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Diligent’s PE owners mull $7bn sale

Private Equity Wire

The report cites unnamed sources familiar with the matter as revealing that the private equity firms have started consulting with investment banks in preparation for a potential sale process, expected to begin in early 2025. Clearlake Capital and Blackstone acquired minority stakes in 2018 and 2020, respectively.

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Private Equity's Creative Wizardry Posing Systemic Risk?

Pension Pulse

“On things like NAV loans and margin loans, it’s just additional leverage and if things go against you, you can have a problem,” Stavros, KKR’s cohead of global private equity, said at the Berlin event. Many were acquired at the buyout boom’s zenith in 2021 and 2022, and often paid for by piling them up with floating-rate debt.

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Transcript: David Roux, BayPine, Silver Lake Partners

The Big Picture

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. He was running the h and q investment bank, and then Roger was my next door neighbor and very good friends with Jim.

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Transcript: William Cohan

The Big Picture

So, I graduated from business school in 1987 and went to GE Capital for two years, financing leveraged buyouts. 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 leveraged buyouts. And I actually started out of business school.

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