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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.
Privateequityfirms are also playing an increasing role in reshaping governance and management at undervalued Korean companies, unlocking new value creation opportunities. The broader Asia-Pacific privateequity market saw investment activity rise to $138bn in 2024, marking an 8.1% increase from the previous year.
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.
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. It was a tough vintage, Perlman said.
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.
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. Jefferies Financial Group Inc.
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.
Surprisingly, privateequityfirms are at the forefront of this trend, investing heavily in solar, wind, biomass, and other renewables. In 2023, privateequity and venture capital transactions in the global renewable energy sector nearly reached $15 billion. The statistics underscore this movement.
Generally speaking, during the early days of a start-up , founders will raise money from venture capital or privateequityfirms in exchange for equity. The company specializes in an instrument called venture debt -- or loans made at high interest rates.
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.
Surprisingly, privateequityfirms are at the forefront of this trend, investing heavily in solar, wind, biomass, and other renewables. In 2023, privateequity and venture capital transactions in the global renewable energy sector nearly reached $15 billion. The statistics underscore this movement.
Privateequityfirms are increasingly driving governance and management transformations at undervalued Korean companies, unlocking new avenues for value creation. The broader Asia-Pacific privateequity market saw investment activity rise to $138bn in 2024, an 8.1% increase from the prior year.
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.;
trillion private credit market, which has burgeoned into a competitive funding tool for privateequityfirms, are coming thick and fast. This week alone, Bloomberg News reported on direct-lending firms working on plans for potential multi-billion dollar buyouts of Adevinta, Kereis and Iris Software.
on Monday after Reuters reported talks had stalled with two privateequityfirms as they weighed whether to acquire the online signature services company. Privateequityfirms Bain Capital and Hellman & Friedman emerged as potential suitors in the process. Shares of DocuSign (NASDAQ: DOCU) fell 8.5%
In the aftermath of a rejected offer for EY’s consulting business, US privateequityfirm TPG has signed a definitive agreement to acquire a majority stake in Crowe’s healthcare consulting unit. The firm was founded in 1992 and manages assets and investments totaling $139bn.
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.
Banks are also said to be offering competing packages that include a smaller amount of debt and preferred equity. PowerSchool is based in Folsom, California and has reportedly also attracted interest from privateequityfirms Warburg Pincus and Bain Capital.
Pennsylvania-based privateequityfirm Taurus Private Markets has held the final close of Taurus Private Markets Fund II, which initially targeted $150m, with over $211m in capital commitments. The firm also invests with blue chip venture capital partnerships with target fund sizes less than $750m.
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. By contrast, Ares has the ability to complete much more sophisticated deals, including leveragedbuyouts. Hercules Capital: Dividend yield 10.5%
Gibson, Dunn & Crutcher has added Brian Scrivani as a partner and member of its M&A and privateequity practice groups, based in New York. Scrivani was most recently a partner at international law firm Paul, Weiss, Rifkind, Wharton & Garrison.
Having begun life as a privateequityfirm focused on leveragedbuyouts, Apollo has grown into a major player in debt underwriting, with its growth having been fuelled by its insurance subsidiary, Athene, which provides a steady source of low-cost capital for its deals and is currently holding $33bn in capital reserves.
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.
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. Treasury 4.x,
Privateequityfirms Bain Capital and Hellman & Friedman are in competition over a deal to acquire DocuSign, a provider of online signature services valued at around $12.5 Another buyoutfirm, Blackstone, also held talks about acquiring DocuSign, but has now reportedly dropped out of the running.
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.
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.
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.
Recently, however, the stock has been on an upswing, climbing nearly 62% from its low of $38 in this past October amid rumors of a potential buyout by a privateequityfirm. These factors seem to have made the company an attractive option for potential leveragedbuyout by privateequity companies.
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.
He began his investment career as a trainee trader at Goldman Sachs in 1982, later moving into leveragedbuyouts when he joined a unit of Nomura in the early 1990s. In 2002, he spun the unit out of Nomura to form his own firm, Terra Firma Capital Partners, which raised €2.1 billion for its debut fund.
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.
Leveraging Technology and Data Gone are the days when deal sourcing was solely about handshakes and business cards. Modern privateequityfirms use a host of digital tools to identify, track, and evaluate opportunities: CRM Systems: These help manage relationships and keep track of interactions with target companies and intermediaries.
Lit was founded in Birmingham, AL, in 2019 and leverages public-private partnerships with local governments and municipalities to build and operate last-mile fiber networks. About Oak Hill Capital Oak Hill is a longstanding privateequityfirm focused on the North America middle-market. Stephens Inc.
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