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Jon Nieman October 24, 2017

How I Built The Private Equity Portfolio For The World's Largest Company

Investing in private equity for the world’s largest company has been a fascinating and challenging experience. Underlying my strategy are five foundational principles that I have studied theoretically, experienced professionally and believe in whole-heartedly. Once those building blocks are established, there are common mistakes that LPs must avoid on the path to building a model private equity portfolio.
Read by 66% of LPs 2 hours, 46 minutes ago

Private Equity Firm Celebrates $2.5b Sale Of Varsity Brands

Charlesbank Capital Partners gave itself a billion reasons to celebrate on Tuesday by selling Varsity Brands for $2.5 billion. The price marked a $1 billion profit over four years for the Boston-based private equity firm, showing that cheerleading is no longer a sideline sport. Indeed, with four million US participants from elementary school through college...
Read by 46% of LPs 7 hours, 16 minutes ago

Argus Energy Managers Is Now Ara Partners

HOUSTON, June 19, 2018 /PRNewswire/ -- Ara Partners Group ("Ara Partners") today announced its new name, which reflects the private equity platform's recent growth and future focus. Ara Partners was founded as Argus Energy Managers in early 2017 as an affiliate network of three energy pri...
Read by 73% of LPs 11 hours, 41 minutes ago

Goldman Sachs Hires Aarti Kapoor From Moelis To Cover Consumer Retail

Goldman Sachs has hired a rising star from Moelis & Company to its consumer and retail investment banking practice. Aarti Kapoor, who carved out a business covering high-growth fitness companies like Flywheel and Barry's Bootcamp, will join Goldman as a vice president in August. Kapoor is credited with founding and running Moelis' health, wellness, and lifestyle investment banking coverage and was included on Business Insider's Rising Stars on Wall Street list in 2017. Goldman Sachs has hired a rising star from Moelis & Company to its investment banking team that covers companies like Keurig and General Mills.
Read by 39% of LPs 11 hours, 46 minutes ago

Metaprop Wraps Up Second Venture Fund At $40m

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Read by 59% of LPs 12 hours, 16 minutes ago

Cbgf Launches With Initial $545m To Invest In Mid-market Companies

The Canadian Business Growth Fund has launched a fund with an initial commitment of $545 million, estimated to increase to $1 billion in the future. CBGF seeks to invest between $3 million and $20 million in [...]
Read by 51% of LPs 12 hours, 16 minutes ago

Hospital Bed Maker Linet In Private Equity Talks On Stake Sale: Sources

FRANKFURT/PRAGUE, June 19 (Reuters) - European hospital and nursing bed maker LINET Group is in talks with private equity firms interested in buying a stake in the company, sources with knowledge of the deal said.
Read by 55% of LPs 12 hours, 46 minutes ago

Herff Jones Owner Varsity Brands Sold To Bain Capital | 2018-06

Bain Capital has agreed to buy Varsity Brands, the owner of BSN Sports and Indianapolis-based Herff Jones, in a deal estimated at $2.5 billion.
Read by 66% of LPs 15 hours, 16 minutes ago

Veritas-backed Verscend To Acquire Health Care Payments Company Cotiviti For $4.9b In Cash

Verscend Technologies Inc., a portfolio company of private-equity firm Veritas Capital, said it has agreed to acquire Cotiviti Holdings Inc. for $4.9 billion in cash. Cotiviti provides payment services to the health care industry. The company's shareholders will receive $44.75 in cash for each Cotiviti share owned, equal to a 32% premium over the company's share price as of June 4.
Read by 70% of LPs 15 hours, 46 minutes ago

Bhp To Sell Chile's Cerro Colorado Copper Mine To Equity Fund Emr

By Cecilia Jamasmie World's No.1 miner BHP (ASX:BHP) is said to have agreed selling its Cerro Colorado mine, its smallest Chilean copper operation, to EMR Capital Advisors Pty, an Australian private equity firm that invests in natural resources. The Melbourne-based mining giant is supposed to announce the deal as early as Tuesday, according to unanimous sources with knowledge of the matter quoted by Bloomberg. BHP decided to offload its Cerro Colorado mine in May last year, as part of chief executive Andrew Mackenzie's bid to focus on large assets in commodities such as iron ore, copper and oil.
Read by 59% of LPs 16 hours, 16 minutes ago

Responding To Doctors' Concerns, American Medical Association Will Investigate Role Of Investment Firms

Many doctors worry that private equity and other companies emphasize profit, to the detriment of patient care. : The American Medical Association, the nation's most prominent doctors group, will study the effect that growing investments by corporate parties -- including venture-capital and private-equity firms -- have on physician practices, reflecting a growing concern among doctors regarding the trend. The study will look at a variety of issues, including how widespread the trend is, how much has been invested and the effect it has had on how doctors practice, according to documents obtained by MarketWatch.
Read by 67% of LPs