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.
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...
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...
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.
Metaprop Wraps Up Second Venture Fund At $40m
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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 [...]
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.
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.
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.
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.
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.