Trusted Insighthttp://thetrustedinsight.com/2024-03-27T10:31:06.175921-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Take-private Deal Or Not, Nuvei Is Attractive (nasdaq:nvei) | Seeking Alpha
2024-03-27T10:31:06.175921-04:00https://www.thetrustedinsight.com/investment-news/take-private-deal-or-not-nuvei-is-attractive-nasdaqnvei-seeking-alpha-20240327682/
I have been closely following the global Fintech sector for a few years. Expanding my horizons beyond just the U.S., I decided to invest in StoneCo Ltd. (STNE) a couple of years ago with the company continuing to make steady progress in Brazil, one of the hotspots for Fintech. Nuvei Corporation (NASDAQ:NVEI), a small yet profitable payment processing company based out of Montreal, Canada, caught my eye last week and I wanted to dig deeper to understand the dynamics behind the company. Nuvei is backed by Ryan Reynolds who invested an undisclosed amount in the company last year.
Top Pe Firms Apollo, Partners Group, Tpg, With Solid Core Business, Target Alternative Assets In Asia To ‘generate Alpha’ | South China Morning Post
2024-03-26T07:12:29.320449-04:00https://www.thetrustedinsight.com/investment-news/top-pe-firms-apollo-partners-group-tpg-with-solid-core-business-target-alternative-assets-in-asia-to-generate-alpha-south-china-morning-post-20240326632/
While PE firms operating in Asia are confident in their core business, they are eyeing alternative assets such as private credit and infrastructure to generate alpha, executives say at the Milken Institute symposium.
Pe Deals Tumble Again, Down 63%: Bain & Company
2024-03-25T23:01:06.817386-04:00https://www.thetrustedinsight.com/investment-news/pe-deals-tumble-again-down-63-bain-company-20240325618/
The Australian and New Zealand private equity sector took another tumble, sharply falling 63% in value during 2023 as high interest rates and market uncertainty continues to spook investors.
Asia Private Equity Deals Set For Worst Q1 Since 2015, Data Shows
2024-03-25T07:01:06.570152-04:00https://www.thetrustedinsight.com/investment-news/asia-private-equity-deals-set-for-worst-q1-since-2015-data-shows-20240325577/
Private equity-backed mergers and acquisitions in Asia are set for their worst start to the year in nearly a decade, as a lull in dealmaking in China and broader economic and geopolitical uncertainties dragged on sentiment, data showed.
Ceraweek-financiers Grab Reins As New Energy Startups Struggle -march 22, 2024 At 02:36 Pm Edt | Marketscreener
2024-03-22T15:31:06.589174-04:00https://www.thetrustedinsight.com/investment-news/ceraweek-financiers-grab-reins-as-new-energy-startups-struggle-march-22-2024-at-0236-pm-edt-marketscreener-20240322544/
(marketscreener.com) Private equity firms are
increasing their direct oversight of energy transition companies
in their portfolios, taking on added duties to address runaway
costs from supply chain issues and preserve valuations,
executives said at the CERAWeek energy conference this week. Excitement around new energy technologies saw billions of
dollars...https://www.marketscreener.com/quote/stock/THE-CARLYLE-GROUP-INC-10531255/news/CERAWEEK-Financiers-grab-reins-as-new-energy-startups-struggle-46266744/?utm_medium=RSS&utm_content=20240322.
Private Credit’s Second Act Raises Some Eyebrows
2024-03-21T11:31:06.522677-04:00https://www.thetrustedinsight.com/investment-news/private-credits-second-act-raises-some-eyebrows-20240321489/
Private equity’s foray into asset-based finance is fueling concerns over hidden debt and concentration risk. :
(Bloomberg Opinion) -- In the last two years, private credit has blossomed, along with the Federal Reserve’s rate hikes and banks’ retreat from risky lending. But as conditions for its outsize success unwind and the broadly syndicated loan market reopens, non-traditional lenders are looking for a second act. Asset-based finance is the new catch phrase. This type of lending is supported by cash flows from, say, credit card receivables or aircraft leasing, and is historically the domain of banks. Currently, private credit manages about $1.7 trillion.
Nav Loans In Private Funds: Considerations For Managers And Investors | Robinson Bradshaw
2024-03-20T15:31:06.291558-04:00https://www.thetrustedinsight.com/investment-news/nav-loans-in-private-funds-considerations-for-managers-and-investors-robinson-bradshaw-20240320451/
Loans to private investment funds based on the net asset value of their respective portfolio investments (that is, total assets of such a fund less its liabilities) have become dramatically more popular in recent years, as have similar arrangements structured as senior equity rather than debt. NAV loans have existed for more than a decade, and their increased use coincides with growth in the private investment funds industry and related expansion in demand for capital solutions. This post...By: Robinson Bradshaw.
Gildan Activewear Stock Jumps 10% Amid Reports Of Potential Buyout
2024-03-19T20:01:05.473454-04:00https://www.thetrustedinsight.com/investment-news/gildan-activewear-stock-jumps-10-amid-reports-of-potential-buyout-20240319415/
Graham Hughes / Bloomberg via Getty Images
Key TakeawaysTrading in shares of Gildan Activewear was paused Tuesday after the stock jumped following reports the board of directors was considering selling the company. The Montreal-based apparel maker's board is in the middle of a heated battle with institutional investors led by Browning West LP.Investors are seeking to reconstitute the company's board and reinstate co-founder Glenn Chamandy as CEO. Chamandy was abruptly ousted last December. Trading in shares of Gildan Activewear (GIL) was paused on Tuesday after the stock jumped following reports the board was exploring selling the company.
3 Potential Biotech Buyout Targets In 2024
2024-03-19T11:01:06.238686-04:00https://www.thetrustedinsight.com/investment-news/3-potential-biotech-buyout-targets-in-2024-20240319385/
The biotech sector saw a surge of M&A activity at the end of 2023. Major deals to acquire ImmunoGen, Inc. (IMGN), Cerevel Therapeutics Holdings, Inc. (CERE) and Karuna Therapeutics, Inc. (KRTX) all took place in the final five weeks of last year. Each purchase contained a substantial buyout premium as well for shareholders. The uptick in deal volume was one of key drivers of the 50% rally that took place from the SPDR® S&P Biotech ETF (XBI) off its late October lows. That rally has ebbed in recent weeks as has new deal flow.
Report: Nuvei On Verge Of Buyout Deal With Advent
2024-03-17T19:31:06.816930-04:00https://www.thetrustedinsight.com/investment-news/report-nuvei-on-verge-of-buyout-deal-with-advent-20240317309/
Canadian FinTech Nuvei is reportedly close to being acquired by private equity company Advent International. The payments processor, backed by actor/investor Ryan Reynolds, is in advanced discussions with Advent, The Wall Street Journal (WSJ) reported Sunday (March 17), citing sources familiar with the matter. The WSJ noted that Nuvei’s $3 billion market capitalization would make […]
The post Report: Nuvei on Verge of Buyout Deal With Advent appeared first on PYMNTS.com.
Ldc Invests In Tech And Procurement Firm The 55 Group As Maven Exits After Three Years
2024-03-15T12:01:09.991316-04:00https://www.thetrustedinsight.com/investment-news/ldc-invests-in-tech-and-procurement-firm-the-55-group-as-maven-exits-after-three-years-20240315274/
Owner of Pagabo vows to 'take the business to the next level':
Private equity giant LDC has made a “significant investment” in Yorkshire tech firm The 55 Group with Manchester investor Maven exiting after three years of growth. The 55 Group was founded following Maven’s investment in 2021 and includes three brands - procurement platform Pagabo, contract management software Sypro and social value measurement software Loop. Since 2022 it has more than doubled in size, employing almost 100 people, and has moved to a new headquarters in the centre of Hull.
Aareal Bank Owners Hire Advisers To Sell Property Lender's Tech Arm, Sources Say - Cna
2024-03-14T08:01:06.399430-04:00https://www.thetrustedinsight.com/investment-news/aareal-bank-owners-hire-advisers-to-sell-property-lenders-tech-arm-sources-say-cna-20240314224/
FILE PHOTO: The construction site of "4 Frankfurt" skyscraper is reflected in a shop window in Frankfurt, Germany, July 19, 2023. REUTERS/Kai Pfaffenbach//File Photo LONDON/FRANKFURT : The owners of Aareal Bank have lined up advisers to sell its tech unit, three people familiar with the matter told Reuters, as the German property lender navigates a global crunch in commercial real estate. The shareholders, led by Advent International and Centerbridge Partners, recently chose Arma Partners to gauge interest in the division, known as Aareon, the people said.
Tpg And Temasek-backed Dr Agarwals Healthcare Picks 5 I-banks, Kicks Off Ipo To Raise Around Rs 3,000 Crore
2024-03-13T14:01:06.581360-04:00https://www.thetrustedinsight.com/investment-news/tpg-and-temasek-backed-dr-agarwals-healthcare-picks-5-i-banks-kicks-off-ipo-to-raise-around-rs-3000-crore-20240313199/
Singapore investment giant Temasek and US private equity firm TPG Growth collectively hold a majority stake of around 60 percent in Dr Agarwals Health Care and have participated in two fund raising rounds since May 2022.
Barclays Is Depending Upon Two Men In New York To Prevent £1.7bn Of Cost Cuts
2024-03-13T08:31:17.646503-04:00https://www.thetrustedinsight.com/investment-news/barclays-is-depending-upon-two-men-in-new-york-to-prevent-17bn-of-cost-cuts-20240313187/
Cathal Deasy, who's Irish by birth, may have an accent that can be a bit difficult to understand for Barclays bankers in New York, but they'll need to get used to lip-reading. The words of Deasy, and of Taylor Wright, his fellow co-head of investment banking at Barclays, are critical to Barclays' immediate future. Get Morning Coffee ☕ in your inbox. Sign up here.The two co-heads have run investment banking at Barclays since January 2023. Under their leadership, Barclays lost around 40 US managing directors to competitors last year, while the fees it generated from investment banking declined 12%. Barclays' CEO, C.S.
How Private Equity Funds Have Jumped Into Professional Sports
2024-03-12T12:01:17.167059-04:00https://www.thetrustedinsight.com/investment-news/how-private-equity-funds-have-jumped-into-professional-sports-20240312153/
Rising valuations and growing opportunities for media rights and sponsorships make professional sports teams an attractive bet. However, data on how these investments will work in the long term remains scarce.
Permira Assembles New Team To Invest In Low Carbon Transition
2024-03-06T06:01:26.603656-05:00https://www.thetrustedinsight.com/investment-news/permira-assembles-new-team-to-invest-in-low-carbon-transition-20240306919/
Permira is putting together a dedicated investment team to focus on the transition to a low carbon economy, the private equity group said, as alternative asset managers look to capitalise on the global shift to a greener future.
Carlyle Launches Sale Of Japanese Cosmetics Supplier Tokiwa In $800M Deal, Sources Say - Cna
2024-03-06T06:01:17.197730-05:00https://www.thetrustedinsight.com/investment-news/carlyle-launches-sale-of-japanese-cosmetics-supplier-tokiwa-in-800m-deal-sources-say-cna-20240306918/
File photo: The logo of the Carlyle Group is displayed at the company's office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato/File photo Private equity firm Carlyle Group has begun the sale process of Japanese cosmetics supplier Tokiwa Corp in a deal that could value the company at $800 million, three sources with knowledge of the matter said. Non-binding bids for the company are expected by mid-March, said the sources, who declined to be named as the information is confidential. Potential buyers include private equity firms and several companies in the cosmetics industry, said one of them.
Times Change: The Era Of The Private Equity Denominator Effect | Cfa Institute Enterprising Investor
2024-03-04T14:31:06.427943-05:00https://www.thetrustedinsight.com/investment-news/times-change-the-era-of-the-private-equity-denominator-effect-cfa-institute-enterprising-investor-20240304851/
How can investors address the denominator effect in private equities? :
After private equity’s extraordinary performance in 2021, private market valuations decoupled from those of both public equities and bonds in 2022. This led many institutional investors to end up over-allocated to private markets. This is the so-called denominator effect, whereby private asset allocations exceed the percentage threshold established in an allocation policy and must be corrected. The simultaneous negative cash flow cycle has reduced anticipated liquidity that latent paper portfolio losses in traditional assets have already compressed. This makes portfolio adjustment decisions even more challenging.
Saber Interactive May Escape Embracer’s Death Hug And Become A Private Company
2024-02-29T17:31:05.747052-05:00https://www.thetrustedinsight.com/investment-news/saber-interactive-may-escape-embracers-death-hug-and-become-a-private-company-20240229759/
Saber Interactive has reportedly found an exit strategy from the death grip of its parent company, Embracer Group AB. Bloomberg reported Thursday that “a group of private investors” will buy the studio in a deal worth roughly $500 million. Saber would then become a private company with about 3,500 employees. Engadget emailed a spokesperson from Saber for confirmation about the alleged buyout. The studio declined to comment. The alleged agreement would be one of Embracer’s most significant cost-cutting moves since the collapse of a reported $2 billion deal with a group backed by Saudi Arabia’s sovereign wealth fund.
Jb Chem Shares Slip 3% On Reports Promoter Kkr To Mull Stake Sale
2024-02-28T06:31:06.642125-05:00https://www.thetrustedinsight.com/investment-news/jb-chem-shares-slip-3-on-reports-promoter-kkr-to-mull-stake-sale-20240228677/
Private equity firm, KKR and Co had acquired a majority 53.83 percent stake in JB Chemicals back in 2020 for a total value of Rs 12,200 crore.
Apollo Co-founder Leon Black Sells Stock Worth $172.8M - Cna
2024-02-27T13:31:06.374646-05:00https://www.thetrustedinsight.com/investment-news/apollo-co-founder-leon-black-sells-stock-worth-1728m-cna-20240227649/
FILE PHOTO: Leon Black, Chairman, CEO and Director, Apollo Global Management, LLC, speaks at the Milken Institute's 21st Global Conference in Beverly Hills, California, U.S. May 1, 2018. REUTERS/Lucy Nicholson/File Photo Billionaire and co-founder of Apollo Global Management Leon Black has sold shares worth about $172.8 million in the private equity firm, nearly three years after stepping down as its chief executive. He sold 1.55 million shares earlier this month, a regulatory disclosure by Black made late on Monday showed.
Chipmaker Broadcom Sells Remote-access Unit To Kkr In $4B Deal - Cna
2024-02-26T12:01:17.318955-05:00https://www.thetrustedinsight.com/investment-news/chipmaker-broadcom-sells-remote-access-unit-to-kkr-in-4b-deal-cna-20240226598/
A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo :Chipmaker Broadcom is selling its unit that allows users to access desktops and applications from any device to private-equity firm KKR in a deal valued at about $4 billion, as part of its efforts to simplify its business after VMware's acquisition last year for a whopping $69 billion.
Exclusive-broadcom Nears $3.8B Sale Of Remote Access Unit To Kkr - Cna
2024-02-24T19:01:06.396354-05:00https://www.thetrustedinsight.com/investment-news/exclusive-broadcom-nears-38b-sale-of-remote-access-unit-to-kkr-cna-20240224556/
FILE PHOTO: A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo :Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday. The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company's portfolio after completing its $69 billion takeover of software maker VMware in November.
Capital One Plots Largest Credit Card Acquisition Ever. Will Regulators Play Ball? | Investor's Business Daily
2024-02-20T13:31:06.738475-05:00https://www.thetrustedinsight.com/investment-news/capital-one-plots-largest-credit-card-acquisition-ever-will-regulators-play-ball-investors-business-daily-20240220429/
Capital One announced plans to purchase Discover Financial for $35 billion, allowing it to compete with rival credit card giants. The post Capital One Plots Largest Credit Card Acquisition Ever. Will Regulators Play Ball? appeared first on Investor's Business Daily.
Psp: A Public Way To Play Private Equity (nysearca:psp)
2024-02-18T06:01:18.320578-05:00https://www.thetrustedinsight.com/investment-news/psp-a-public-way-to-play-private-equity-nysearcapsp-20240218352/
Did you know you could invest in the public stocks of private equity (PE)? This is an area I personally don't see much attention to by analysts, but one that deserves attention nonetheless. PE firms leverage their expertise in identifying undervalued or underperforming companies, implementing operational improvements, and strategically exiting these investments at a premium. This business model enables PE firms to generate significant returns for their investors, which can translate into strong financial performance for the PE companies themselves.
Vista Equity Hires Kkr’s Parant To Further Private Wealth Push
2024-02-16T13:31:06.470878-05:00https://www.thetrustedinsight.com/investment-news/vista-equity-hires-kkrs-parant-to-further-private-wealth-push-20240216315/
The move comes as individual investors hold about 50% of global assets under management—a figure that’s expected to rise to almost 70% by 2023,
Coya Therapeutics In Catbird Seat Following Dr. Reddy's Licensing Deal
2024-02-13T09:01:28.298739-05:00https://www.thetrustedinsight.com/investment-news/coya-therapeutics-in-catbird-seat-following-dr-reddys-licensing-deal-20240213183/
Since I first wrote about Coya Therapeutics (NASDAQ:COYA), the company has strengthened its strategic positioning with a strong licensing deal with Dr. Reddy’s, the company Coya previously in-licensed from its biosimilar CTLA4-Ig, Abatacept, which is one component of COYA 302, Coya’s lead combination therapy for ALS and potentially other diseases. The potential upside for COYA shares remains robust, but the primary change in the investment thesis since I last wrote about the company is that the investment is significantly financially derisked, and it has expanded its pipeline. The company has also proven it can execute business development activities.
South-east Asia Emerging As Hot Spot For Private Equity Investors In 2024 | The Straits Times
2024-02-08T19:01:06.973156-05:00https://www.thetrustedinsight.com/investment-news/south-east-asia-emerging-as-hot-spot-for-private-equity-investors-in-2024-the-straits-times-20240208037/
February 09, 2024 5:00 AMInterest in private equity appears to be returning after investments fell to a five-year low in 2023.
Private Equity Firm Carlyle's Earnings Beat Expectations, To Buy Back Up To $1.4B In Stock
2024-02-08T11:31:18.364880-05:00https://www.thetrustedinsight.com/investment-news/private-equity-firm-carlyles-earnings-beat-expectations-to-buy-back-up-to-14b-in-stock-20240208019/
Carlyle plans to lift employees’ share of profits tied to deal exits to 60% to 70%, up from an average of 47%.
Icapital Market Pulse: Signs Point To An Improving Private Equity Exit Environment
2024-02-07T13:31:12.147863-05:00https://www.thetrustedinsight.com/investment-news/icapital-market-pulse-signs-point-to-an-improving-private-equity-exit-environment-20240207980/
Private equity’s returning appetite for dealmaking is providing a vote of confidence for the overall capital markets. After two years of scarce deal activity, the outlook is improving. Thanks to confidence in a reasonably stable economy and easing monetary conditions, the long-awaited thaw in the private equity exit environment could be here, which would provide the latest evidence for a broader investor opportunity set in 2024. The post iCapital Market Pulse: Signs Point to an Improving Private Equity Exit Environment appeared first on iCapital.
Docu Stock Falls As Private Equity Firms Stall Out On Docusign
2024-02-05T17:01:28.963513-05:00https://www.thetrustedinsight.com/investment-news/docu-stock-falls-as-private-equity-firms-stall-out-on-docusign-20240205904/
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DOCU stock is in the red after it was reported that the talks of two private equity firms to buy the company had stalled out. The post DOCU Stock Falls as Private Equity Firms Stall Out on DocuSign appeared first on InvestorPlace. More From InvestorPlace
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Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
Paramount Stock Jumps On Byron Allen's $14B Buyout Report
2024-01-31T18:31:06.032512-05:00https://www.thetrustedinsight.com/investment-news/paramount-stock-jumps-on-byron-allens-14b-buyout-report-20240131776/
Paramount Global stock (PARA) jumped as much as 13.5% on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount's outstanding shares. According to the report, Allen offered $28.58 each for the company's voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal amounts to roughly $30 billion. It's unclear how he would finance the takeover.
Paramount Stock Skyrockets On Byron Allen's $14B Buyout Report
2024-01-31T09:01:18.313668-05:00https://www.thetrustedinsight.com/investment-news/paramount-stock-skyrockets-on-byron-allens-14b-buyout-report-20240131745/
Paramount Global (PARA) shares skyrocketed about 20% in premarket trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount's outstanding shares. According to the report, Allen offered $28.58 each for the company's voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal mounts to roughly $30 billion. National Amusements (NAI), Paramount's holding company, owns approximately 10% of Paramount's equity capital value and maintains 77% of voting shares — valued at around $1 billion.
Equity Element Of British Business Bank's New Wales Fund In Maiden Investment
2024-01-30T13:01:06.845728-05:00https://www.thetrustedinsight.com/investment-news/equity-element-of-british-business-banks-new-wales-fund-in-maiden-investment-20240130715/
Caerphilly-based adventure travel venture EverTrek is looking to drive significant growth on a £1.3m equity round. :
Caerphilly-based adventure travel venture EverTrek is looking to drive significant growth on a £1.3m equity round A new £50m equity fund to back the growth of Welsh firms has made its first investment into fast-expanding adventure travel venture EverTrek. The £1.3m co-investment into the Caerphilly-based business, which also has an operation in Hereford, includes £650,000 from the equity element of the British Business Bank’s new £130m Investment Fund for Wales, which is managed by fund manager Foresight.
111 Top Banking Interview Questions And How To Answer Them
2024-01-23T14:31:19.233334-05:00https://www.thetrustedinsight.com/investment-news/111-top-banking-interview-questions-and-how-to-answer-them-20240123502/
Banks aren’t known for being easy to get in to.But if you’re young, smart, charming, ambitious… Whatever else, finance is one of the world’s best places to be. Or, at least, one of the in-demand places to be.The benefits of a career in high finance are mostly self-evident. There is an enormous amount of prestige, dynamism, and compensation involved in the industry. And most (although not all) careers in finance – whether you end up working at a hedge fund, private equity firm, or asset manager – start in an investment bank.Get Morning Coffee ☕ in your inbox.
Arkhouse Confirms $5.8B Proposal To Take Macy's Private
2024-01-21T20:01:05.978957-05:00https://www.thetrustedinsight.com/investment-news/arkhouse-confirms-58b-proposal-to-take-macys-private-20240121427/
Arkhouse Management and its partner Brigade Capital Management on Dec. 1 made a $5.8 billion proposal to take department store chain Macy’s private, Arkhouse confirmed on Sunday. Arkhouse Management, a real-estate-focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal to acquire the Macy’s stock they don’t already own for $21...
Private-equity Investors To Return To China In Search Of M&a Deals In 2024, Bain & Co Says | South China Morning Post
2024-01-18T08:02:28.893019-05:00https://www.thetrustedinsight.com/investment-news/private-equity-investors-to-return-to-china-in-search-of-ma-deals-in-2024-bain-co-says-south-china-morning-post-20240118341/
Global and domestic private-equity investors are making a comeback to the Chinese M&A market following three straight years of decline, as they look to profit from an economic recovery, Bain & Co says.
Private Equity Firm Bruin Capital Invests In Drive To Survive Producer Box To Box | News
2024-01-16T06:01:17.072604-05:00https://www.thetrustedinsight.com/investment-news/private-equity-firm-bruin-capital-invests-in-drive-to-survive-producer-box-to-box-news-20240116232/
Documentary prodco Box to Box Films (Formula 1: Drive to Survive) has received a “significant” minority investment from New York-based private equity firm Bruin Capital. The cash injection will all...
Blackstone Partly Cracks New Private Equity Code (bxpe)
2024-01-12T15:31:06.530396-05:00https://www.thetrustedinsight.com/investment-news/blackstone-partly-cracks-new-private-equity-code-bxpe-20240112155/
Leveraged buyouts have become a drag. KKR, Carlyle, and others are enduring a slump in the wheeling and dealing of companies because of higher interest rates and tumbling valuations while emergent businesses in credit, real estate, and infrastructure generate more of the steadier fees desired by investors in publicly traded shares of private equity firms. Blackstone's latest fund tries to crack this new code. In a sense, the $150 billion shop led by Stephen Schwarzman is refocusing on its roots. Blackstone once relied almost exclusively on raising captive pools of money from big pension and sovereign wealth funds for buyouts.
People Moves: Week Ending Friday 12 January 2024
2024-01-12T12:01:12.394241-05:00https://www.thetrustedinsight.com/investment-news/people-moves-week-ending-friday-12-january-2024-20240112145/
This week’s movers include those at Legal & General, Vidett, and 3173, among others. :
If you have any problems with your access or would like to request an individual access account please
contact our customer service team. If you have any problems with your access or would like to request an individual access account please contact our customer service team. Clockwise from top: Jayesh Patel, Maura Sullivan, Bill Galvin, Aoifinn Devitt, Patrick Cunningham and Stacy O'Sullivan Mercer chief actuary Charles Cowling has taken up his role as president of The International Actuarial Association (IAA).
Investcorp Makes Its Second Climate-control Investment In Past Year
2024-01-09T08:01:10.389532-05:00https://www.thetrustedinsight.com/investment-news/investcorp-makes-its-second-climate-control-investment-in-past-year-20240109013/
The heating, ventilation and air-conditioning market remains popular amid a broader private-equity deal slump. :
https://www.wsj.com/articles/investcorp-makes-its-second-climate-control-investment-in-past-year-0d7f3247 Buyout shop Investcorp is backing heating and air-conditioning business Best in Class Technology Services, its second investment in the past nine months in the highly fragmented market for climate-control systems providers often referred to as HVAC companies. The Manama, Bahrain-based firm said it is acquiring a controlling stake in the Lenexa, Kan., company with its managers and existing investor Dunes Point Capital retaining meaningful stakes. Investcorp last year closed on around $1.2 billion for its first pool to back midsize North American businesses.
Scottish Msp Kicks Off Another Year Of Acquisitions With Ldc Investment
2024-01-05T09:31:06.369981-05:00https://www.thetrustedinsight.com/investment-news/scottish-msp-kicks-off-another-year-of-acquisitions-with-ldc-investment-20240105922/
If you have any problems with your access or would like to request an individual access account please
contact our customer service team. If you have any problems with your access or would like to request an individual access account please contact our customer service team. LDC, the private equity arm of Lloyds Banking Group, has injected a substantial investment into Kick ICT, an independent Scottish IT managed service provider. Notably, the transaction marks a successful exit for BGF, the growth capital investor that has been supporting Kick ICT since 2021.
Fisher Investments Denies Wsj Report That It's In Sale Talks
2024-01-02T22:31:06.575876-05:00https://www.thetrustedinsight.com/investment-news/fisher-investments-denies-wsj-report-that-its-in-sale-talks-20240102808/
Money-management firm Fisher Investments late Tuesday denied a report that private-equity firm Advent International is in talks to acquire it.
Apollo Global Management, Inc. (apo) Stock Forecasts
2023-12-22T11:01:28.119173-05:00https://www.thetrustedinsight.com/investment-news/apollo-global-management-inc-apo-stock-forecasts-20231222524/
Apollo is one of the leading global managers of alternative assets, with a focus on complex credit-related investments. The company has grown its assets under management very rapidly over the past several years through a combination of organic growth and strategic acquisitions. Apollo is further differentiated from peers through its focus on complex, nontraditional, distressed-for-control investments, in which it invests in distressed senior debt securities that may be converted to a controlling equity stake in the case of a reorganization or other restructuring event.
Sexual Abuse In Schools Is A Hidden Epidemic
2023-12-21T07:01:18.411766-05:00https://www.thetrustedinsight.com/investment-news/sexual-abuse-in-schools-is-a-hidden-epidemic-20231221467/
Andrea Bruce; Chona Kasinger; Maddie McGarvey; Kim Raff; Matt Williams; Rebecca Zisser/Business InsiderThe documents began arriving last fall, first in a trickle, then a flood. Emoji-filled text messages from teachers, handwritten complaints from students in the rounded script of teenage girls, type-written transcripts from HR investigations. Eventually, thousands of pages from disciplinary files of educators investigated for sexual misconduct made their way to my desk.They documented grooming and groping, the sharing of dick pics and porn, sexualized comments in classrooms, oral sex in bathrooms, and statutory rape that in some cases continued for years.
Toshiba To Be Delisted After 74 Years, Faces Future With New Owners
2023-12-19T22:31:06.636429-05:00https://www.thetrustedinsight.com/investment-news/toshiba-to-be-delisted-after-74-years-faces-future-with-new-owners-20231219415/
The conglomerate is being taken private by a group of investors led by private equity firm Japan Industrial Partners (JIP) that also includes financial services firm Orix, utility Chubu Electric Power and chipmaker Rohm.
Toshiba To Be Delisted After 74 Years, Faces Future With New Owners - Cna
2023-12-19T13:01:06.714947-05:00https://www.thetrustedinsight.com/investment-news/toshiba-to-be-delisted-after-74-years-faces-future-with-new-owners-cna-20231219408/
TOKYO : Toshiba will be delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan's biggest brands and ushered in a buyout and an uncertain future. The conglomerate is being taken private by a group of investors led by private equity firm Japan Industrial Partners(JIP) that also includes financial services firm Orix, utility Chubu Electric Power and chipmaker Rohm.
In Buying Toshiba, A Little-known Fund Takes On Japan Inc's Toughest Job - Cna
2023-12-19T06:06:25.975454-05:00https://www.thetrustedinsight.com/investment-news/in-buying-toshiba-a-little-known-fund-takes-on-japan-incs-toughest-job-cna-20231219382/
FILE PHOTO: The logo of Toshiba Corp is displayed at the company's building in Kawasaki, Japan, April 5, 2023. REUTERS/Androniki Christodoulou/File Photo TOKYO : A little-known private equity firm is set to take on the toughest job in corporate Japan: turning around Toshiba. Japan Industrial Partners (JIP) is spearheading a $14 billion takeover that will see the troubled conglomerate delisted on Wednesday after 74 years on the Tokyo exchange.
Private Equity Investor Supports Management Buyout Of Dorset Business
2023-12-18T11:01:06.399017-05:00https://www.thetrustedinsight.com/investment-news/private-equity-investor-supports-management-buyout-of-dorset-business-20231218346/
LDC is a private equity investor, which is part of the Lloyds Banking Group. :
LDC, the private equity investor, which is part of Lloyds Banking Group, has supported the management buyout of Message Direct. The Dorset-based company provides communications solutions to SMEs and large corporates. It was founded in 1994 near Bournemouth and now has over 7,600 customers. The business operates a number of brands including Message Direct, Jam and Verbatim. It has achieved material organic and acquisitional growth over the last two years under the leadership of Duncan Strike and his team.
The Twenty Minute Vc (20vc): Venture Capital | Startup Funding | The Pitch: 20vc: Why Now Is The Best Time To Invest In Emerging Managers, Biggest Mistake Emerging Managers Make When Fundraising & Investing Lessons From Investing $1.5bn Per Year And Being Early Investors In Thrive, A16z And Founders Fund With Peter Lacaillade
2023-12-18T07:31:06.144214-05:00https://www.thetrustedinsight.com/investment-news/the-twenty-minute-vc-20vc-venture-capital-startup-funding-the-pitch-20vc-why-now-is-the-best-time-to-invest-in-emerging-managers-biggest-mistake-emerging-managers-make-when-fundraising-investing-lessons-from-investing-15bn-per-year-and-being-early-inves-20231218330/
Peter Lacaillade is a Managing Director @ SCS Financial Services where he leads its private investment program where he oversees the firm’s activities in private equity, opportunistic credit and private real assets. Peter has been an early backer of Thrive, Founders Fund, a16z, Greenoaks and 20VC. Before SCS, Peter was an Associate at HarbourVest Partners in its Secondary Group where he analyzed venture capital, growth equity and buyout investments. In Today's Episode with Peter Lacaillade We Discuss: 1.
E-signature Company Docusign Explores A Deal
2023-12-15T15:01:06.746319-05:00https://www.thetrustedinsight.com/investment-news/e-signature-company-docusign-explores-a-deal-20231215280/
Suitors for the $11 billion company could include private equity and technology firms. :
E-signature company DocuSign is working with advisers to explore a sale, in what could be one of the largest leveraged buyouts in recent memory. Conversations are in the early stages, people familiar with the situation said, and there are no guarantees a deal will be reached. DocuSign could attract interest from private-equity firms and technology companies.
As Toshiba Exits Market, Japan's Governance Reforms Remain Unfinished - Nikkei Asia
2023-12-14T17:31:10.526236-05:00https://www.thetrustedinsight.com/investment-news/as-toshiba-exits-market-japans-governance-reforms-remain-unfinished-nikkei-asia-20231214237/
TOKYO -- The Japanese industrial conglomerate Toshiba will draw the curtains on its 74-year history as a listed company on Wednesday, after its shareholders overwhelmingly voted on Nov. 22 for a 2 trillion yen ($14 billion) buyout sought by activist investors. For Akira Morio, a business school teacher and former investment banker, the buyout of Toshiba by a consortium organized by the private equity company Japan Industrial Partners carries special significance. He worked as investment banker at Goldman Sachs during the 1990s, just after the bursting of an economic bubble heralded Japan's "lost decades."
Goldman Reshuffles Private Credit In Bid To Double Assets
2023-12-11T14:01:20.245018-05:00https://www.thetrustedinsight.com/investment-news/goldman-reshuffles-private-credit-in-bid-to-double-assets-20231211057/
Goldman Sachs Group Inc.’s asset management arm is reshuffling senior executives in its $110 billion private credit unit as it seeks to double the size of the business in the medium term, according to its global head of asset and wealth management. The revamp will see Greg Olafson become global head of private credit from his current role as co-president of alternatives, according to a memo seen by Bloomberg. Olafson will now spend all of his time on private credit—an area of expertise for him—as the bank focuses more resources and attention on the sector.
Investor Group Launches $5.8B Buyout Bid For Macy’s
2023-12-11T09:31:16.343314-05:00https://www.thetrustedinsight.com/investment-news/investor-group-launches-58b-buyout-bid-for-macys-20231211040/
Arkhouse Management and Brigade Capital recently submitted a proposal to acquire the famed retailer for $21 a share. :
An investor group has made a $5.8 billion offer to buy Macy’s, in a bid to take the famed department-store chain private after stiff competition from online rivals took a big bite out of its value. Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, on Dec. 1 submitted a proposal to acquire the Macy’s stock they don’t already own for $21 a share, people familiar with the matter said.
Wall Street Ceos Say Basel 3 Endgame Rules Will Hurt Americans
2023-12-06T16:31:06.460661-05:00https://www.thetrustedinsight.com/investment-news/wall-street-ceos-say-basel-3-endgame-rules-will-hurt-americans-20231206871/
The heads of America's largest banks, including JPMorgan Chase, Bank of America and Goldman Sachs are seeking to dull the impact of the new rules.
White Wolf Capital Group, Inc. ("white Wolf") Announces The Launch Of Its First Exchange Traded Fund - Whitewolf Publicly Listed Private Equity Etf (ticker: Lbo)
2023-12-06T10:01:08.691673-05:00https://www.thetrustedinsight.com/investment-news/white-wolf-capital-group-inc-white-wolf-announces-the-launch-of-its-first-exchange-traded-fund-whitewolf-publicly-listed-private-equity-etf-ticker-lbo-20231206857/
White Wolf announces the launch of its first exchange traded fund, WHITEWOLF Publicly Listed Private Equity ETF (the "Fund" or "LBO"). LBO was made available for trading on the Chicago Board Options Exchange (CBOE) on November 30, 2023. MIAMI, Dec. 6, 2023 /PRNewswire-PRWeb/ -- White Wolf...
Private Equity Groups Buying Back Firms After Weak Ipos
2023-11-21T16:01:06.495304-05:00https://www.thetrustedinsight.com/investment-news/private-equity-groups-buying-back-firms-after-weak-ipos-20231121306/
Amid a shaky IPO market, some public companies aren’t staying public that long. As the Financial Times (FT) reported Tuesday (Nov. 21), private equity firms have begun buying back companies that have recently gone public to salvage investments that have performed badly on the stock market following an initial public offering (IPO). The firms include EQT, Cinven […]
The post Report: Private Equity Groups Buying Back Firms After Weak IPOs first appeared on PYMNTS.com.
Bain Capital Raises $7.1B In Largest Pan-asia Pe Fund This Year - Cna
2023-11-21T06:01:07.264082-05:00https://www.thetrustedinsight.com/investment-news/bain-capital-raises-71b-in-largest-pan-asia-pe-fund-this-year-cna-20231121256/
The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. REUTERS/Kim Kyung-Hoon/File Photo HONG KONG :Bain Capital has completed the final close of its fifth pan-Asia private equity fund at $7.1 billion, exceeding its target by 40 per cent, the U.S. investment firm told Reuters, amid a challenging macroeconomic and geopolitical environment that has otherwise impeded fundraising worldwide. Bain Capital said the firm itself committed $750 million to Bain Capital Asia Fund V, alongside existing and new investors.
Prospect Capital Corporation: No Longer A Prospective Investment For Me (nasdaq:psec)
2023-11-17T11:31:09.362378-05:00https://www.thetrustedinsight.com/investment-news/prospect-capital-corporation-no-longer-a-prospective-investment-for-me-nasdaqpsec-20231117123/
Prospect Capital Corporation (NASDAQ:PSEC) is a high yielding BDC investment trading at a steep discount. While several factors prop this company up as a potentially strong BDC play, I've decided to sell due to its long history of performance decline not conducive to my income portfolio. PSEC is a Business Development Company (BDC) that primarily invests in senior loans and mezzanine debt, often with an equity component. They provide capital to middle-market companies and private equity sponsors for various purposes like refinancing, leveraged buyouts, acquisitions, recapitalizations, growth investments, and capital expenditures.
Book Review: These Are The Plunderers | Cfa Institute Enterprising Investor
2023-11-16T14:31:06.787602-05:00https://www.thetrustedinsight.com/investment-news/book-review-these-are-the-plunderers-cfa-institute-enterprising-investor-20231116080/
The PE playbook is always the same: Borrow money to acquire the firm, saddle it with debt, and extract exorbitant management fees.
How Private Equity Has Evolved To Compete In Global M&a - Knowledge At Wharton
2023-11-14T12:31:07.147803-05:00https://www.thetrustedinsight.com/investment-news/how-private-equity-has-evolved-to-compete-in-global-ma-knowledge-at-wharton-20231114991/
PE firms have shed old skin and in recent decades become bigger, smarter, and more relevant in M&A and markets than ever before, argues a new paper co-authored by Wharton's Paul Nary.…Read More.
Ll Flooring, Formerly Lumber Liquidators, Receives Buyout Bid Valued At Just Over $90M
2023-11-14T10:01:06.276680-05:00https://www.thetrustedinsight.com/investment-news/ll-flooring-formerly-lumber-liquidators-receives-buyout-bid-valued-at-just-over-90m-20231114986/
LL Flooring Holdings Inc. LL, formerly known as Lumber Liquidators, received Tuesday a buyout bid from private equity firm F9 Investments LLC that values the wood floors maker at about $92.6 million. F9, which owns about 8.8% of LL Flooring’s shares outstanding, said it would pay $3 in cash for each LL share outstanding, which represents a 6.4% premium to Monday’s closing price of $2.82. The bid’s valuation of the company is a far cry from the company’s market cap of $3.3 billion at the stock’s peak in November 2013.
Middle East Asset Manager Investcorp Eyes Up To $550M In First China Yuan Fund - Cna
2023-11-14T06:01:17.225633-05:00https://www.thetrustedinsight.com/investment-news/middle-east-asset-manager-investcorp-eyes-up-to-550m-in-first-china-yuan-fund-cna-20231114971/
Signs of Chinese yuan and U.S. dollar are seen at a currency exchange store in Shanghai, China August 8, 2019. REUTERS/Aly Song/File Photo BEIJING : Bahrain-based alternative asset manager Investcorp is aiming to raise 2 billion to 4 billion yuan ($274 million-$548 million) for its first private equity fund in the Chinese currency, its executive said, to explore buyout opportunities in the country.
Private Equity, Now Featuring Less Equity
2023-11-10T08:31:06.512357-05:00https://www.thetrustedinsight.com/investment-news/private-equity-now-featuring-less-equity-VB2LKbEqnEHpgsEjdPnD69-20231110878/
Exposure to the expanding world of private credit has been key for alternative managers. :
Giants like Apollo, Blackstone and KKR made their names in the business of private equity. But today, the thing that investors seem most excited about is growth in their private credit businesses. Recent flows of money into what are now known as alternative-asset managers have often tilted toward alternative forms of lending and away from classic private-equity buyouts. Buyout fundraising has been slowed in part by the difficulty of exiting old deals.
Private Equity, Now Featuring Less Equity
2023-11-10T08:01:06.666882-05:00https://www.thetrustedinsight.com/investment-news/private-equity-now-featuring-less-equity-20231110876/
Exposure to the expanding world of private credit has been key for alternative managers. :
Giants like Apollo, Blackstone and KKR made their names in the business of private equity. But today, the thing that investors seem most excited about is growth in their private credit businesses. Recent flows of money into what are now known as alternative-asset managers have often tilted toward alternative forms of lending and away from classic private-equity buyouts. Buyout fundraising has been slowed in part by the difficulty of exiting old deals.
Global Private Equity Firms On The Lookout For Opportunities In China, But Weigh Options Carefully | South China Morning Post
2023-11-08T21:01:07.088406-05:00https://www.thetrustedinsight.com/investment-news/global-private-equity-firms-on-the-lookout-for-opportunities-in-china-but-weigh-options-carefully-south-china-morning-post-20231108813/
Global private equity firms are optimistic about China despite lacklustre market performance in recent years resulting from slowing economic growth and increased regulatory oversight from the US.
China-focused Ascendent In $1.6B Take-private Bid For Hollysys | Nasdaq
2023-11-07T06:08:57.660162-05:00https://www.thetrustedinsight.com/investment-news/china-focused-ascendent-in-16b-take-private-bid-for-hollysys-nasdaq-20231107718/
China-focused private equity firm Ascendent Capital said it wants to take Hollysys Automation Technologies private in a deal that will value the Chinese automation control system provider at around $1.61 billion.
Peloton Interactive (pton) Q1 2024 Earnings Call Transcript
2023-11-03T07:01:38.997821-04:00https://www.thetrustedinsight.com/investment-news/peloton-interactive-pton-q1-2024-earnings-call-transcript-20231103546/
Image source: The Motley Fool. :
Good day, and thank you for standing by. Welcome to the Peloton Interactive 1Q '24earnings conference call [Operator instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Peter Stabler, head of investor relations. Good morning, and welcome to Peloton's first-quarter fiscal 2024 conference call. Joining today's call are CEO, Barry McCarthy; CFO, Liz Coddington; and chief marketing officer, Leslie Berland.
Regal Partners Nabs Charlie Aitken
2023-11-02T23:01:12.406392-04:00https://www.thetrustedinsight.com/investment-news/regal-partners-nabs-charlie-aitken-20231102539/
Aitken joins from Bell Financial where he returned a year ago after his former fund management business - Aitken Investment Management - was sold in a management buyout.
Global Buyout Firm Cvc Postpones Ipo Plans
2023-11-01T15:31:24.398683-04:00https://www.thetrustedinsight.com/investment-news/global-buyout-firm-cvc-postpones-ipo-plans-20231101476/
CVC Capital Partners has postponed its plans to list in Amsterdam, another blow to the jittery initial public offering market. The global buyout firm, which competes with Apollo Global Management Inc. APO, Blackstone Inc. BX, and other private-equity giants, had planned to go public as early as this week. But wobbly market conditions have probably pushed back the IPO date to 2024, people familiar with the matter told the Wall Street Journal.
Blackstone, Vista Equity To Buy Software Firm Energy Exemplar -sources - Cna
2023-10-31T10:01:06.341533-04:00https://www.thetrustedinsight.com/investment-news/blackstone-vista-equity-to-buy-software-firm-energy-exemplar-sources-cna-20231031401/
FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo Blackstone and Vista Equity Partners have agreed to acquire Australia's Energy Exemplar, a provider of energy market software, for more than $1 billion, according to people familiar with the matter. The deal represents a bet on energy transition, as power utilities, grid operators and renewable energy developers turn to simulation software to fine-tune use of production capacity and maximize efficiencies.
Brynwood Raises $750M To Back Consumer Brands
2023-10-26T07:31:06.763941-04:00https://www.thetrustedinsight.com/investment-news/brynwood-raises-750m-to-back-consumer-brands-20231026210/
The private-equity firm’s investments include pasta and sauce maker Buitoni and the Marie’s salad dressing brand. :
Brynwood Partners, a buyout shop that targets consumer products, has raised its largest investment pool since the firm’s founding nearly 40 years ago. Greenwich, Conn.-based Brynwood said it wrapped up its Brynwood Partners IX fund with more than $750 million, or around 16% more than it collected for a predecessor vehicle that closed on $649 million in 2018. News, data and analysis to help you find opportunities, and to follow the broad trends in dealmaking, investing and regulation.
Nextera Energy Partners (nep) Q3 2023 Earnings Call Transcript
2023-10-24T18:02:07.174225-04:00https://www.thetrustedinsight.com/investment-news/nextera-energy-partners-nep-q3-2023-earnings-call-transcript-20231024139/
Image source: The Motley Fool. :
Good morning, and welcome to the NextEra Energy and NextEra Energy Partners, LP third-quarter 2023earnings conference call All participants will be in a listen-only mode. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Kristin Rose, director of investor relations. Thank you, Vaish. Good morning, everyone, and thank you for joining our third-quarter 2023 combined financial results conference call for NextEra Energy and NextEra Energy Partners.
Report: Advent Holds Off On Ccc Intelligent Solutions Sale
2023-10-24T16:31:12.125512-04:00https://www.thetrustedinsight.com/investment-news/report-advent-holds-off-on-ccc-intelligent-solutions-sale-20231024136/
The sale of car insurance industry software firm CCC Intelligent Solutions is reportedly in limbo. According to published reports Tuesday (Oct. 24), sources familiar with the matter say CCC owner Advent International, a private equity firm, halted the proceedings after parties couldn’t agree on a price. Bain Capital, which — as noted here — had expressed interest in buying CCC last month, […]
The post Report: Advent Holds Off on CCC Intelligent Solutions Sale first appeared on PYMNTS.com.
Westaim: A Hidden Small-cap Cheaply Priced Gem (tsxv:wed:ca) | Seeking Alpha
2023-10-24T07:16:07.529374-04:00https://www.thetrustedinsight.com/investment-news/westaim-a-hidden-small-cap-cheaply-priced-gem-tsxvwedca-seeking-alpha-20231024108/
The Westaim Corporation (TSXV:WED:CA) (OTCPK:WEDXF) is a $500-million market cap private equity firm based in Toronto, Canada. They specialize in various types of investments, including direct and indirect acquisitions, joint ventures, and fund-of-fund investments. They focus on a wide range of investment stages, from early venture to buyout transactions, primarily within the global financial services industry. Westaim often acquires controlling interests in businesses and invests in both public and private companies with the goal of long-term capital appreciation and wealth preservation.
Affirma Capital Scores Ninefold Return With Tbo Tek Partial Exit
2023-10-23T14:01:08.145157-04:00https://www.thetrustedinsight.com/investment-news/affirma-capital-scores-ninefold-return-with-tbo-tek-partial-exit-20231023071/
Affirma Capital considers global buyout funds as alternative to IPO for exit strategy. :
Mumbai: Affirma Capital, a private equity fund focusing on India, South Korea, and South-east Asia, achieved a 55% internal rate of return (IRR) and nine times multiples on invested capital with a partial exit from TBO Tek, a senior executive said. On Saturday, General Atlantic acquired the minority stake from Affirma in travel services company TBO Tek. Affirma Capital, which owned 46%, divested around 7% stake in the company.
Buyout Group Reconsiders Acquisition Of Ebay-back Adevinta - Report | Seeking Alpha
2023-10-22T12:31:06.183173-04:00https://www.thetrustedinsight.com/investment-news/buyout-group-reconsiders-acquisition-of-ebay-back-adevinta-report-seeking-alpha-20231022027/
A buyout consortium is reconsidering its pursuit of European online classified ads company Adevinta ASA (OTCPK:ADEVF) due to an inability to bridge a price gap with the buyers and sellers. A consortium backed by private equity firms Permira and Blackstone Inc. (BX) plans to take the deal back to its investment committee, according to a Bloomberg report on Sunday, which cited people familiar with the matter. The market outlook has declined significantly since news of the bid first came out last month. Adevinta is backed by EBay and has a market cap of about $11.4 billion.
Adani Gets $3.5 Bn Loan To Refinance Cement Buyouts
2023-10-20T16:31:19.926460-04:00https://www.thetrustedinsight.com/investment-news/adani-gets-35-bn-loan-to-refinance-cement-buyouts-20231020993/
Refinancing terms may save Adani Group $300m compared to original loan. :
Mumbai: The Adani group on Friday said it has clinched a $3.5 billion debt refinance deal from a consortium including at least 10 foreign lenders to repay the debts that were taken last year by the group’s promoters to fund the $6.6 billion acquisition of Ambuja Cements Ltd and ACC Ltd. The refinancing deal, whose terms are more favourable than the original acquisition loan, has a maturity of up to three years.
Obama Treasury Chief Jacob Lew Got $14M From Private Equity Firm
2023-10-20T11:31:19.146656-04:00https://www.thetrustedinsight.com/investment-news/obama-treasury-chief-jacob-lew-got-14m-from-private-equity-firm-20231020977/
After serving as Obama's treasury chief, Lew joined the private equity firm Lindsay Goldberg in 2017, where he was made managing partner.
Report: Cvc Sets Sights On Payments Firm Nexi
2023-10-18T15:01:10.071132-04:00https://www.thetrustedinsight.com/investment-news/report-cvc-sets-sights-on-payments-firm-nexi-20231018880/
CVC Capital Partners is reportedly considering purchasing European payments company Nexi. As Bloomberg News reported Wednesday (Oct. 18), sources say the buyout firm has been eyeing Nexi for some time, as have other investment operations. Some of the sources said that buyout firms could ultimately float a joint bid for Nexi, due to the size of the potential purchase. […]
The post Report: CVC Sets Sights on Payments Firm Nexi first appeared on PYMNTS.com.
Buyout Firm Cvc Capital Partners Plots £12bn Flotation | Daily Mail Online
2023-10-17T20:01:10.592487-04:00https://www.thetrustedinsight.com/investment-news/buyout-firm-cvc-capital-partners-plots-12bn-flotation-daily-mail-online-20231017835/
The Luxembourg-based private equity firm, which was previously valued at £12billion, is preparing to announce its intention to float in the coming days.
Robert Smith’s Vista Equity Achieves $100B Assets Under Management Milestone
2023-10-03T13:31:31.184643-04:00https://www.thetrustedinsight.com/investment-news/robert-smiths-vista-equity-achieves-100b-assets-under-management-milestone-20231003220/
Robert F. Smith, who bypassed Oprah Winfrey in 2018 as the richest Black person in the U.S., announced that his tech-focused buyout firm, Vista Equity Partners, has surpassed $100 billion in assets under management. Smith founded Vista Equity in 2000, investing in businesses that use technology to promote economic equity, ecological responsibility, and diversity and […]
The post Robert Smith’s Vista Equity Achieves $100 Billion Assets Under Management Milestone appeared first on Moguldom.
Private Equity Indigestion Relief Is Meant To Hurt
2023-10-03T13:31:07.217917-04:00https://www.thetrustedinsight.com/investment-news/private-equity-indigestion-relief-is-meant-to-hurt-a5PhPvCtHGTwtmSjVui6PK-20231003218/
It’s commonplace now for investors to sell their stakes in buyout funds before the vehicle matures. But with better risk management, they shouldn’t need to.
Private Equity Indigestion Relief Is Meant To Hurt
2023-10-03T09:31:06.362095-04:00https://www.thetrustedinsight.com/investment-news/private-equity-indigestion-relief-is-meant-to-hurt-20231003203/
It’s commonplace now for investors to sell their stakes in buyout funds before the vehicle matures. But with better risk management, they shouldn’t need to.
Svb Financial Group Completes Sale Of Investment Banking Business To Management Team Group
2023-10-02T18:01:06.775614-04:00https://www.thetrustedinsight.com/investment-news/svb-financial-group-completes-sale-of-investment-banking-business-to-management-team-group-20231002177/
SANTA CLARA, Calif., Oct. 2, 2023 /PRNewswire/ -- SVB Financial Group (Pink Sheets: SIVBQ) today announced that it has completed the sale of its investment banking business, SVB Securities LLC (now named Leerink Partners LLC), to the management team bidder group led by Jeff Leerink,...
Report: Bain Capital Among Potential Buyers For Ccc Intelligent Solutions
2023-09-28T22:31:07.089238-04:00https://www.thetrustedinsight.com/investment-news/report-bain-capital-among-potential-buyers-for-ccc-intelligent-solutions-20230928051/
Bain Capital is reportedly considering a deal to acquire CCC Intelligent Solutions Holdings, a car-insurance software provider controlled by Advent International. The private equity firm is one of several potential buyers that have expressed interest in acquiring CCC, Bloomberg reported Thursday (Sept. 28), citing unnamed sources. However, no final decision has been made, and the companies could ultimately decide […]
The post Report: Bain Capital Among Potential Buyers for CCC Intelligent Solutions first appeared on PYMNTS.com.
Thomas Capital Group Announces Final Closing For Fvlcrum Fund Lp With Over $302 Million In Commitments, Exceeding The $250M Target
2023-09-28T16:31:18.761159-04:00https://www.thetrustedinsight.com/investment-news/thomas-capital-group-announces-final-closing-for-fvlcrum-fund-lp-with-over-302-million-in-commitments-exceeding-the-250m-target-20230928037/
Thomas Capital Group, a 25+ year old diverse placement firm experienced in raising capital globally for private equity funds including emerging and diverse managers, was proud to partner with FVLCRUM in helping them raise their debut commingled fund. GIG HARBOR, Wash., Sept. 28, 2023...
Where Are All The Private Equity Bankruptcies?
2023-09-28T09:31:06.092648-04:00https://www.thetrustedinsight.com/investment-news/where-are-all-the-private-equity-bankruptcies-20230928020/
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Partners Group: A Solid Investment Firm At A Fair Price (otcmkts:pgphf)
2023-09-26T23:01:07.186532-04:00https://www.thetrustedinsight.com/investment-news/partners-group-a-solid-investment-firm-at-a-fair-price-otcmktspgphf-20230926924/
We present our note on Partners Group (OTCPK:PGPHF), a Swiss-based global private markets investment manager with a Hold rating. While we value Partners Group’s robust business model, at the current multiples we think the shares are fairly valued. We will provide a brief introduction of Partners Group, analyze the latest set of results and the industry backdrop, lay out our investment case, and value the company’s shares. Partners Group is a leading global private markets firm that invests across private equity, private credit, private infrastructure, and private real estate on behalf of clients.
Sector Trends - September 2023: Asset/wealth Management | White & Case Llp
2023-09-26T16:31:31.800287-04:00https://www.thetrustedinsight.com/investment-news/sector-trends-september-2023-assetwealth-management-white-case-llp-20230926912/
UK & European Financial Services M&A: Sector trends H2 2022 | H1 2023 — Asset/Wealth Management - Sub-sector M&A activity levels soar—market moving deals across wealth management, financial planning, fund management, debt servicing, trust administration, direct lending and private equity funds in the last 12 months....By: White & Case LLP.
Australia's Costa Group Backs Paine Schwartz's $963M Buyout Offer
2023-09-21T20:31:17.172472-04:00https://www.thetrustedinsight.com/investment-news/australias-costa-group-backs-paine-schwartzs-963m-buyout-offer-20230921722/
Costa Group Holdings said
on Friday it has entered an agreement to be bought out by a
consortium led by private equity firm Paine Schwartz Partners in
a deal which values the horticulture company at A$1.50 billion
($962.6 million).
Toshiba Going Private In $13.5bn Private Equity Buyout
2023-09-21T07:16:06.862890-04:00https://www.thetrustedinsight.com/investment-news/toshiba-going-private-in-135bn-private-equity-buyout-20230921689/
The Tokyo-based company’s delisting from the Tokyo Stock Exchange would close a troubled decade at the firm, marked by scandal, crippling losses and clashes with activist shareholders.
Torrent Pharma In Talks With Cvc, Bain Capital To Raise Funds For Cipla Buyout
2023-09-18T07:31:06.219090-04:00https://www.thetrustedinsight.com/investment-news/torrent-pharma-in-talks-with-cvc-bain-capital-to-raise-funds-for-cipla-buyout-20230918519/
Torrent Pharmaceuticals is in talks with private equity funds CVC Capital Partners and Bain Capital to raise up to $1.5 billion to bid for India's Cipla.
Torrent Pharma In Advance Talks With Cvc Capital To Buyout Cipla Promoters
2023-09-18T07:11:06.874413-04:00https://www.thetrustedinsight.com/investment-news/torrent-pharma-in-advance-talks-with-cvc-capital-to-buyout-cipla-promoters-20230918516/
Torrent had reached out to several private equity (PE) funds, including Bain Capital to secure the necessary funds to buyout the promoter family of Cipla.
Jpmorgan Sees India Share Sale Boom Reaching $30B In 2024 - The Economic Times
2023-09-18T07:01:40.685265-04:00https://www.thetrustedinsight.com/investment-news/jpmorgan-sees-india-share-sale-boom-reaching-30b-in-2024-the-economic-times-20230918509/
Sales of additional shares in listed companies in the country have surpassed $10 billion this year, more than the tally for all of 2022, according to data compiled by Bloomberg. The momentum can sustain into next year and beyond as owners of Indian companies are keen to raise funds for other investments, said Abhinav Bharti, India head of equity capital markets at JPMorgan. Demand from local asset managers as well as foreign investors is also driving share sales, he added.
Cipla Buyout: Torrent Pharma Looks To Tie Up With Cvc Capital To Fund Cipla Purchase - The Economic Times
2023-09-18T07:01:29.778767-04:00https://www.thetrustedinsight.com/investment-news/cipla-buyout-torrent-pharma-looks-to-tie-up-with-cvc-capital-to-fund-cipla-purchase-the-economic-times-20230918508/
Torrent Pharmaceuticals is in advanced talks with CVC Capital Partners to raise at least $1.2-1.5 billion for its proposed acquisition of rival company Cipla. Torrent is also engaged with Brookfield to raise $1-1.2 billion in mezzanine debt. The company's founders, the Sudhir and Samir Mehta family, are seeking to dilute equity and create a non-disposable undertaking (NDU) using their shares as collateral for loans.
Australia's Costa Group Gets Lower Buyout Offer From Paine Schwartz
2023-09-17T21:01:06.647426-04:00https://www.thetrustedinsight.com/investment-news/australias-costa-group-gets-lower-buyout-offer-from-paine-schwartz-20230917502/
Costa Group Holdings Ltd said on Monday U.S. private equity firm Paine Schwartz Partners (PSP) reduced its non-binding takeover offer for shares it doesn't already own, valuing the horticulture company at A$1.49 billion ($958.4 million).
Exclusive-advent Explores Sale Of Car Insurance Software Vendor Ccc -sources - Cna
2023-09-15T20:31:06.659727-04:00https://www.thetrustedinsight.com/investment-news/exclusive-advent-explores-sale-of-car-insurance-software-vendor-ccc-sources-cna-20230915462/
:Private equity firm Advent International is exploring a sale of CCC Intelligent Solutions Holdings Inc, a provider of software to the car insurance industry that has a market value of $7.1 billion, people familiar with the matter said on Friday. Investment bank Morgan Stanley is advising CCC on its talks with potential acquirers, which include other buyout firms, the sources said, adding that no deal is certain. CCC representatives did not immediately respond to a request for comment, while Advent, which holds a 56 per cent stake in the company, declined to comment.
Five Stories You May Have Missed This Week
2023-09-15T10:31:34.570015-04:00https://www.thetrustedinsight.com/investment-news/five-stories-you-may-have-missed-this-week-20230915432/
If you have any problems with your access or would like to request an individual access account please
contact our customer service team. If you have any problems with your access or would like to request an individual access account please contact our customer service team. This week's most read stories include the Pension Protection Fund's proposals to halve its levy, Cardano launching a risk settlement offering and the Local Government Pension Scheme revealing it is now fully funded on a low-risk basis.
Private Equity Comes For Book Publishing
2023-09-09T09:31:06.547170-04:00https://www.thetrustedinsight.com/investment-news/private-equity-comes-for-book-publishing-20230909182/
Earlier this year, the Department of Justice blocked Penguin Random House, owned by the German media giant Bertelsmann, from acquiring Simon & Schuster. The big five publishers—HarperCollins, Penguin Random House, Hachette, Macmillan, and Simon & Schuster—already control about 80 percent of the book market. The literary class was relieved.Less than a year later, the private-equity firm Kohlberg Kravis Roberts announced that it would buy Simon & Schuster. Because the firm doesn’t already own a competing publisher, the deal is unlikely to trigger another antitrust probe.