The public debate about hedge-fund activism has long been informed by academic literature that found increases in shareholder value and operating performance after activist interventions. But do hedge-fund activists actually do any long-term good for the companies that they target? Long-Term Economic Consequences of Hedge Fund Activist Interventions, from the Rock Center for Corporate Governance, examines just that question. The answer? Not so much. But not so much harm either. Proponents of hedge-fund activism contend that activists provide necessary financial discipline, leading to improved performance.
The public debate about hedge-fund activism has long been informed by academic literature that found increases in shareholder value and operating performance after activist interventions. But do hedge-fund activists actually do any long-term good...By: Cooley LLP.
HNA, which bought Swissport in 2015 from buyout firm PAI Partners for $2.8 billion, is selling off assets after racking up one of China's biggest corporate debt loads in a global acquisition spree. The post HNA in talks to sell airport services firm Swissport to Brookfield appeared first on DealStreetAsia.
Buyout firm Thoma Bravo LLC has agreed to buy Imperva Inc for $2.1 billion in cash, adding the cybersecurity firm to its technology-heavy investment portfolio, it said on Wednesday.
Australian accounting software provider MYOB Group said U.S. private equity firm KKR & Co has launched a conditional A$1.75 billion ($1.24 billion) takeover offer for the company after buying a 19.9 percent stake.
Steve Feinberg's big bets on war and weapons have gotten him into another financial mess - and this time his troubles are stoking concerns about potential conflicts of interest as he sits as an adviser to the White House. The billionaire gun enthusiast's buyout firm Cerberus Capital took a hit this spring as its US...
By Harry Brumpton and Joshua Franklin (Reuters) - Blackstone Group LP, Carlyle Group LP, Onex Corp and Canada Pension Plan Investment Board have joined forces in a bid to acquire aluminum products maker Arconic Inc, according to people familiar with the matter. Such alliances, referred to as "club deals" in the private equity industry, lost much of their allure following the 2008 financial crisis, as some high-profile leveraged buyouts either ended up in bankruptcy or underperformed financially.
Suitors keen to hold stake in a single listed entity encompassing group's combined biz. : Mumbai: KKR & Co. and Blackstone Group LP are among suitors that have expressed interest in acquiring a stake in Shriram Group, the Indian finance conglomerate backed by billionaire Ajay Piramal, people with knowledge of the matter said. The two private equity firms have each held preliminary talks in recent months about buying stakes in Chennai-based Shriram Group owned by Piramal Enterprises Ltd., TPG and an employee trust, according to the people.
Recruiting video warns about potential consequences for advisers when a PE firm buys a broker-dealer. : A quarterly report on the trends and ideas that advisers who serve retirement plan sponsors and participants care about. Find out which firms offer the highest payouts, have the most reps in the field and generate the most revenue - or create your own custom rankings. Track the latest teams of advisers and brokers changing firms and view recruiting activity at wirehouses, regional brokerages, RIAs and IBDs.