TPG Growth Backs Software Distributor C3, Following Frank Recruitment Acquisition
TPG Growth has made a $70 million investment in software company C3 Iot. Sutter Hill, Interwest Partners and the target’s management team also invested alongside C3. “With TPG on our team, C3 lot will accelerate the expansion of our customer service capacity globally,” says C3 Thomas Siebel. TPG Growth is the middle market investment arm of TPG. The firm has previously invested in Airbnb, e.l.f comestics and Uber. Earlier in 2016, TPG Growth bought global staffing firm Frank Recruitment Group. Both private equity firms and strategic buyers have shown a great interest in technology companies. Cisco Systems Inc. (Nasdaq: CSCO)...
Maximizing Value In Today's Brisk Healthcare M&A Market
A rare confluence of factors is generating great opportunities for private equity and strategic buyers in the healthcare industry.
Private Equity Not Taking Many Firms Private In 1H 2016
Through the end of June, financial sponsors accounted for only 23% of 2016’s take-private transactions across North America and Europe. And this isn’t necessarily a result of overall public-to-private activity diminishing either, since strategic buyers logged 77 such deals in 1H, already 66% of 2015’s total.
Local Big Deals Set 2015 Records; 2016 Looks Strong
Michael DuBay, the group practice leader for private equity for the Detroit-based law firm of Honigman Miller Schwartz and Cohn LLP, thought things couldn't get any better in the world of M&A than they were in 2014. And then 2015 got even better.
William Ford Predicts End To Private Equity Exit Boom
<a href="http://www.efinancialnews.com/search?mod=articlehyperlink&q=William+Ford">William Ford</a>, chief executive of growth private equity firm <a href="http://www.efinancialnews.com/search?mod=articlehyperlink&q=General+Atlantic">General Atlantic</a>, said on February 23 that the private equity sector was moving to a "very different investment environment". The 'silver lining' for the industry is that buyout firms may find it easier to purchase companies.
Canadian Torys’ Private Equity In Focus In 2016: In The Markets
Sell-side activity dominated Canadian private equity deal-making in 2015. Despite the slight decline in domestic M&A deal volume involving a financial buyer or seller, PE investors continued to seize on favourable market conditions to exit their investments.
Torys’ Private Equity In Focus In 2016: In The Markets
Sell-side activity dominated Canadian private equity deal-making in 2015. Despite the slight decline in domestic M&A deal volume involving a financial buyer or seller, PE investors continued to seize on favourable market conditions to exit their investments. Over 60 percent of transactions in 2015 involved sell-side activity, which is in line with trends reported in 2014. Many Canadian businesses are being sold to strategic buyers. In 2015, strategic sales accounted for the majority of private equity exits, representing 58 percent of domestic M&A transactions involving financial players. On the rise since 2013, acquisitions continue to appeal to strategics as a way to...
SolarWinds to Be Bought in $4.5 Billion Private-Equity Deal
SolarWinds Inc., a maker of software for managing computer networks, agreed to be bought by private-equity firms Silver Lake Partners and Thoma Bravo in a deal valued at $4.5 billion. The firms said Wednesday they will pay SolarWinds stockholders $60.10 a share, or about 44 percent more than the company’s closing price on Oct. 8, before news emerged that it was in talks to be taken private. The shares jumped...
Coffee: A Pick-Me-Up in the Deal Market, but Not So Much for Private Equity
Some investors are finding that the aroma of their morning cup of joe contains a hint of the sweet smell of cash. Since the beginning of the year, 50 coffee and coffee-related mergers and acquisitions worth a combined $3 billion were sealed worldwide, according to Dealogic. But deals by strategic buyers in the food and beverage industry accounted for 97% of that dollar value, the data provider said. Acquisitions are often more expensive than some private equity investors are willing to pay. Publicly listed beverage and snack retailers, which include coffee and tea chains, currently trade at a 31.5-times multiple...
Newport Board Group, an Advisory Firm Serving the Middle Market, Issues Tips to Business Owners Looking to Sell Their Companies
With the recovery of the U.S. economy and with record-setting amounts of capital in the hands of large corporations (“strategic buyers”), Private Equity firms (“PE”) and hybrid buyers (neither strategic nor PE; for example, wealthy individuals and family offices), private business owners contemplating a sale are fortunately faced with a myriad of options. Small and mid-size CEOs are reporting that they are getting unsolicited calls nearly every day from potential buyers. The question is threefold: Is this the right time to sell your business? To whom should you sell it? Should you sell at all? If someone wants to...