Infrastructure Drives Record Pe/vc Investments In 2019: Ivca-ey Report - The Financial Express
It also said that, for the first time, buyouts have emerged as the primary PE/VC deal type, overtaking growth capital deals and accounting,for 34% of all PE/VC investments by value in 2019.
European Pe Fundraising Hit New Annual Record In 2019, Despite Ongoing Geopolitical Uncertainty
PitchBook Analysts Find European Private Equity Raised EUR86.4 Billion Across 89 Vehicles in 2019 with Strong Performance Expected in 2020 SEATTLE, January 24, 2020-- PitchBook, the premier data provider for the private and public equity markets, today released its 4Q 2019 European PE Breakdown, revealing European private equity (PE) deal activity remained robust, totaling EUR453.5 billion across 3,867 deals and nearing 2018's record high. Despite the geopolitical uncertainty, deal activity in the UK and Ireland remained strong as well, particularly in sectors like IT, which hit a new annual record in deal value.
Buyout Firm Aea Explores $2B Sale Of 1-800 Contacts: Sources
Private equity firm AEA Investors is exploring a sale of 1-800 Contacts Inc that could value the U.S. contact lens retailer at more than $2 billion, including debt, according to people familiar with the matter.
Initial Public Offerings Scheduled To Debut Next Week - San Antonio Express-news
NEW YORK (AP) -- The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings. Week of Jan. 27 Arcuits Biotherapeutics - Westlake Village, Calif., 7.8 million shares, priced $15-$17, managed by Goldman Sachs/Cowen. Proposed Nasdaq symbol ARQT. Business: Phase 3 biotech developing topical therapies for common skin diseases. Avadim Health - Asheville, N.C., 5 million shares, priced $14-$16, managed by Raymond James/SunTrust Robinson Humphrey. Proposed Nasdaq symbol AHI. Business: Develops and sells topical products for immune, muscular and skin health.
Blackstone Ceo Steve Schwarzman Succession Comments
Blackstone CEO Stephen Schwarzman has advice for how companies should go about high-stakes succession planning. Schwarzman said that when he and Tony James selected Jon Gray to be Blackstone's next president, they initially kept it a secret from everyone but Gray so that the younger executive would have time to grow into the role. The Blackstone founder also said he thinks it's counterproductive for companies to set up a public competition between senior executives in order for one of them to win the role. Click here for more BI Prime content.
GPs Bullish As Spanish Private Equity Comes Of Age
The introduction of new private equity laws in Spain in 2014 and the introduction of government tax measures benefiting private equity funds have given GPs clarity and a solid legal framework to operate in.
Stage Fund Execution On Roll Up Strategy Shows Continued Strength In Turnaround Market
DENVER, Jan. 24, 2020 /PRNewswire/ -- Stage Fund, a control based private equity firm specializing in turnaround and growth companies, is executing on an acquisition roll up strategy, combining three companies with complementary technologies and customers, and as a result will produce one...
A Billionaire Investor Dubbed 'the Next Warren Buffett' Tore Into Wework In A Private Letter To Clients | Markets Insider
A billionaire investor dubbed "the next Warren Buffett" slammed WeWork in a private annual letter to clients. Baupost Group CEO Seth Klarman blasted cofounder and ex-CEO Adam Neumann's $1.7 billion golden parachute as the "epitome of capitalist excess." "WeWork was a prosaic operating business which was branded as a VC-backed, technology-empowered, futuristic innovator with boundless possibilities," Klarman said. The coworking startup was ultimately sunk by the "hard truths of business fundamentals," he said. Visit Business Insider's homepage for more stories. A billionaire investor dubbed "the next Warren Buffett" tore into WeWork in his private annual letter to clients.
Bgv Marks 18th Exit And First Close Of Its Fourth Fund
Successful Exits and New Investments Underscore Firm's Commitment to Fourth Era of Enterprise Startups PALO ALTO, Calif., January 23, 2020-- BGV, an early-stage venture capital firm with deep Silicon Valley roots and an exclusive focus on global enterprise 4.0 startups, today announced the first close of its fourth fund and the definitive agreement of BGV Fund II portfolio company Grid Dynamics to merge with Chaserg (Nasdaq: CTAC). With a complete continuity of team, strategy and approach, BGV has announced a first close of BGV IV, LP, its fourth flagship fund with a planned target of $150M.
Anzu Partners Completes Raise Of Its Second Venture Capital Fund At $190M
Oversubscribed fund exceeds original target of $150 million for breakthrough industrial technology investments; John Ho, PhD, promoted to Partner BOSTON and SAN DIEGO and TAMPA, Fla. and WASHINGTON, January 23, 2020-- Anzu Partners, a venture capital and private equity firm that invests in breakthrough industrial technologies, today announced that it has successfully completed fundraising for its second venture capital fund, Anzu Industrial Capital Partners II L.P. and AICP II Limited, at $190 million USD (Anzu Industrial Fund II).
Australia's Village Roadshow Gets A Higher Bid From Bgh Capital
Takeover target Village Roadshow Ltd said on Friday that private equity firm BGH Capital has made an unsolicited offer of A$776.9 million ($531.32 million) for the Australian firm that backed films like 'The Great Gatsby' and 'Joker'.