Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. March 17, 2023

China's Dcp Capital Aims To Sell Singapore Tech Firm Mfs For At Least $740m: Sources | The Straits Times

March 17, 2023 5:44 PMInitial bids are expected by late May, one of the sources said. : HONG KONG - Chinese private equity firm DCP Capital aims to sell its Singaporean portfolio firm MFS Technology, which makes flexible printed circuit boards, for at least US$550 million (S$740 million), two people with knowledge of the matter told Reuters. The firm, founded by former KKR & Co dealmakers David Liu and Julian Wolhardt, started marketing the sale on Friday.
Read by 73% of LPs March 09, 2023

S Korea's Imm Draws Interest From Kkr, Others For $1B Stake In Airfirst -sources - Cna

HONG KONG :South Korean's IMM Private Equity has drawn interest from funds including KKR & Co, MBK Partners and Brookfield Asset Management for a minority stake in local industrial gas company AirFirst which it aims to sell for $1 billion, three people with knowledge of the deal said. The buyout firm is expecting first-round, non-binding bids by March 16, said the sources, who declined to be identified as the information is confidential. IMM PE acquired the South Korean assets of German industrial gases group Linde for $1.2 billion in 2019 and rebranded the company as AirFirst.
Read by 63% of LPs February 28, 2023

$15 Bn Buyout Of Toshiba Corp Leaves Global Companies On Sidelines | Business Standard News

The Japanese bidding consortium also wants to avoid triggering Chinese antitrust scrutiny by bringing in foreign investors.
Read by 31% of LPs February 26, 2023

Thomas H. Lee, Pioneer In Leveraged Buyouts, Is Dead At 78 - The New York Times

Born into wealth, he became a billionaire in founding an aggressive Boston private equity firm. He was remembered as a “kinder, gentler” corporate raider.
Read by 64% of LPs February 16, 2023

Tpg In Talks To Buy $300M Malaysian Education Assets From Kv Asia -sources - Cna

FILE PHOTO: A screen announces the listing of Private-equity firm TPG, during the IPO at the Nasdaq Market site in Times Square in New York City, U.S., January 13, 2022. REUTERS/Brendan McDermid/File Photo SINGAPORE : U.S. private equity firm TPG is in advanced talks to buy Malaysian private education assets owned by regional buyout firm KV Asia Capital in a deal that could be worth more than $300 million, three sources with knowledge of the matter told Reuters.
Read by 78% of LPs January 31, 2023

Billionaire Private Equity Investor Says He Never Lost Money On A Buyout: Here Is His Formula For Winning In Software Buyouts

Billionaire private equity investor Robert Smith has been on the comeback since going through a dramatic tax evasion scandal. But through it all, Smith hasn’t lost his golden touch. The buyout titan says he never lost money on a buyout. While Smith holds his formula for success close to the vest, there have been some […] The post Billionaire Private Equity Investor Says He Never Lost Money on a Buyout: Here is His Formula for Winning in Software Buyouts appeared first on Moguldom.
Read by 78% of LPs January 18, 2023

Bain Veteran Says 20% Private Equity Returns Have Decades To Run

The private equity industry is still in its “early innings” and has decades more to run as a high-return business model, said Bain Capital senior adviser Stephen Pagliuca. “The private equity model works,” he said in a Bloomberg TV interview at the World Economic Forum in Davos on Wednesday. “It puts capital to work with experts that really help drive these companies.” Pagliuca said private equity has “absolutely not” peaked and will still be able to deliver the standard 18% to 20% rate of return in the coming decades.
Read by 43% of LPs January 04, 2023

Amazon Cutting Over 18,000 Jobs As Major Layoffs Continue Into 2023

Forbes is tracking the biggest layoffs in the U.S. as companies react to fears of a looming recession. : Amazon is planning to lay off more than 18,000 employees, adding to a massive round of job cuts first announced last year, the tech giant said Wednesday, after more than 100,000 employees of large U.S. corporations lost their jobs in 2022 amid growing recession fears.
Read by 73% of LPs December 29, 2022

Goldman Sachs May Start New Year With 4,000 Job Cuts

Goldman Sachs Group Inc., a global investment banking giant, is preparing to enter the new year with a new round of redundancies. The Group's Chief Executive Officer, David Solomon, confirmed the plans in his annual message sent to employees.According to Bloomberg, staff cuts could be as high as 8%, which translates into 4,000 jobs. However, the final value of the layoffs may be lower and will depend on top managers decisions, who have been asked to identify potential cost-cutting targets.
Read by 53% of LPs December 22, 2022

Inside Vax Bahram's Wall Street Headhunting Firm Durlston Partners

For more on how Cohen went from hedge fund shark to beloved sports owner (at least among his own fanbase), check out our profile. Today, we've got stories on book recommendations that make a perfect last-minute gift for the Wall Streeter in your life, why some hedge funds are feeling generous with their clients, and what to do if you get bumped from your flight home over the holidays. Insider's Alex Morrell has a gripping report on life at Durlston Partners, a headhunting firm that places talent at some of Wall Street's biggest buy-side firms.
Read by 75% of LPs