Report: Nuvei On Verge Of Buyout Deal With Advent
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
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
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
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
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
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
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
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
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
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.