LPs force Wingate to stop making new investments; Record demand for operating partners Private equity has done a great job rebounding from the financial crisis. Or maybe not. According to a report from Bain & [...]
NEW YORK, October 22, 2019-- Lee Equity Partners, LLC ("Lee Equity"), a growth middle market private equity firm, announced today that it has partnered with Cosmetic Solutions, LLC ("Cosmetic Solutions"), a premier turnkey outsourced service provider to premium skincare brands. Cosmetic Solutions provides cutting-edge, custom skincare formulation and manufacturing for emerging and established brands, as well as skincare professionals. The company has an extensive library of thousands of active formulations and sells to over 1,000 customers worldwide. Based in Boca Raton, Florida, Cosmetic Solutions is a founder and family led business.
The number of private-equity-backed companies, whose credit ratings are in distress, has risen by almost 30% since last year. : The number of private equity backed companies, which credit ratings are in distress, has risen by almost 30% since last year. Distress rated companies are those that are rated B- or worse and which also have a negative outlook. According to a piece by Joseph Weitemeyer, Research Editor at Buyouts Insider, 99 private equity backed companies have distressed credit ratings. This means that these companies have a significant probability of defaulting on their bonds.
HOLLAND, Mich. & NEW YORK--(BUSINESS WIRE)--Rutherford and Associates Secures Strategic Growth Investment from Seaport Capital. : HOLLAND, Mich. & NEW YORK--(BUSINESS WIRE)--Seaport Capital ("Seaport"), a New York-based private equity firm, announced today that it has made a strategic investment in Rutherford & Associates, Inc. ("Rutherford") to support the continued growth of the company. Rutherford provides an end-to-end software solution for beverage distributors, including route accounting, warehouse management, forecasting, and mobile sales capabilities through its proprietary software, eoStar. Seaport funded the investment through Seaport Capital Partners V, a $230 million private equity fund.
Montreal-based private equity firm Walter Capital Partners has named Eric Doyon as managing partner. Prior to joining Walter Capital, Doyon was managing partner of Entrepreneur Capital. MONTREAL, Oct. 22, 2019 /CNW Telbec/ - Walter Capital Partners ("Walter Capital") today announces that Eric Doyon has joined the private equity firm as Managing Partner. Mr. Doyon has over 25 years of experience working with small and medium-sized companies as a senior executive, private equity investor, and investment banker.
Private equity buyouts arouse intense interest among investors and business owners as well as policymakers and politicians, but the difficulty of assembling the data needed for a systematic evaluation makes assessing their effects hard. This column uses data on thousands of buyouts in the US to examine the effects on employment, job reallocation, productivity, and worker compensation. The findings suggest that the effects differ greatly by type of buyout, with the credit conditions at the time of buyout, and with the post-buyout evolution of credit conditions and the macroeconomy, casting doubt on the efficacy of 'one-size-fits-all' policy prescriptions for private equity.
* Fortress ready to discuss improving its bid - Unizo (Adds details about Fortress bid): TOKYO (Reuters) - Unizo Holdings (3258.T) said Monday it would continue talks with Blackstone Group (BX.N) and SoftBank-backed (9984.T) Fortress Investment Group on a potential takeover, raising the possibility of a bid battle between the two global buyout firms. Potential rival bids from Blackstone and Fortress would mark another twist in the takeover saga surrounding the once-obscure hotelier, now seen as a test case for Prime Minister Shinzo Abe's push for greater transparency and corporate disclosure.
Unizo Holdings said Monday it would continue talks with Blackstone Group and SoftBank-backed Fortress Investment Group on a potential takeover, raising the possibility of a bid battle between the two global buyout firms.
Private-equity firms more than tripled the value of U.K. purchases in the past 12 months, according to the accounting firm BDO LLP. They exploited a collapse in the pound and skittishness that had firms such as Sanford C. Bernstein calling British equities uninvestable amid the political chaos. "Over the last 12 to 18 months we have seen a significant increase in interest from our clients in pursuing public-to-private deals," Kem Ihenacho, the global vice chair of the law firm Latham & Watkins LLP's private-equity team, said in an interview.
Goya Foods is in late-stage talks to sell a majority stake to The Carlyle Group in a deal that would value the canned-foods giant at roughly $3.5 billion, The Post has learned. The founding family of Jersey City, NJ-based Goya -- whose rice, beans, olives and cooking oils are ubiquitous at grocery stores across the...