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pehub.com 1 hour, 26 minutes ago

Pe Hub Wire Highlights, 10.23.19

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 & [...]
Read by 62% of LPs

vcaonline.com 12 hours, 41 minutes ago

Lee Equity Acquires Cosmetic Solutions

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.
Read by 39% of LPs

forbes.com 17 hours, 56 minutes ago

Distressed Credit Ratings For Private-equity-backed Companies Have Risen Significantly

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.
Read by 43% of LPs

businesswire.com 18 hours, 56 minutes ago

Rutherford And Associates Secures Strategic Growth Investment From Seaport Capital

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.
Read by 33% of LPs

pehub.com October 22, 2019

Walter Capital Appoints Doyon As Managing Partner

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.
Read by 77% of LPs

voxeu.org October 22, 2019

Private Equity Buyouts And Their Effects | Vox, Cepr Policy Portal

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.
Read by 50% of LPs

reuters.com October 21, 2019

Unizo Keeps Door Open For Blackstone, Fortress Talks

* 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.
Read by 56% of LPs

in.reuters.com October 21, 2019

Unizo Keeps Door Open For Blackstone, Fortress Talks

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.
Read by 30% of LPs

bloomberg.com October 21, 2019

The Brave And The Bargain Hunters Swooping In On U.k. Buyouts

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.
Read by 73% of LPs

nypost.com October 18, 2019

Goya Foods In Talks To Be Sold To Carlyle Group For $3.5 Billion: Sources

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...
Read by 51% of LPs