Not exact matches
Although the name has changed, it's still the same industry once denoted as «leveraged
buyouts» — that is, the business
of buying companies with a thin slice
of nonpublic
equity and mountains
of debt, in which fund managers grab richly generous (to themselves) fees.
Many entrepreneurs bow out a year or two after a
buyout, and Coke's
buyout of Honest Tea would have made that possible for Goldman, too — he reportedly made «tens
of millions» from the deal, and other employees, who had
equity, made out well — some with payouts
of more than $ 1 million.
More recently, in late January
of this year, Magnetar received another settlement
of about $ 11 million, according to regulatory filings, from CEC Entertainment — the operator
of Chuck E. Cheese kid - friendly restaurants — which it had sued seeking additional shareholder compensation in CEC's 2014
buyout by private
equity firm Apollo Global Management (apo).
• Permira, U.K. - based private
equity firm, plans to raise two new buyout funds of $ 1.5 billion each, one for Asia - focused deals and one for growth - stage investing, according to Private Equity
equity firm, plans to raise two new
buyout funds
of $ 1.5 billion each, one for Asia - focused deals and one for growth - stage investing, according to Private
EquityEquity News.
Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private
equity consortium led by BC Partners Ltd for $ 8.7 billion, in the largest leveraged
buyout of the year.
At a time when a stock market rally has made private
equity firms reluctant to take companies private for fear
of overpaying, the deal illustrates how activist investors have the potential to drive corporate boards to explore such deals and accept a price that makes a leveraged
buyout possible.
Still, they said Michael Dell and private
equity partner Silver Lake fell about 100 million shares short
of the 735 million that they need for the
buyout to pass.
The debt - laden ketchup maker was recently the subject
of a US$ 23 - billion joint
buyout from 3G Capital, a private -
equity firm based in Brazil, and Warren Buffett's Berkshire Hathaway.
Now private
equity giant Blackstone (bx) is reportedly close to raising $ 5 billion, the largest for a fund
of this type, dedicated to a
buyout pool mimicking Warren Buffet's investing style, according to Bloomberg, citing people familiar with the matter.
Leonard Green's talks with Nordstrom is the uncommon example
of a private
equity firm taking a minority stake in a leveraged
buyout.
It's possible that large private
equity firms are more willing to consider big
buyouts of struggling enterprise companies in light
of the blockbuster Dell and EMC deal, a complex transaction involving Dell raising $ 45 billion in debt financing to help carry it through.
Plaintiffs have a high rate
of success in appraisal suits, especially in those involving management
buyouts and private
equity deals, making it hard to label them nuisance suits.
Private
equity firms could be interested in all or parts
of Micro Focus and some
buyout firms have crunched the numbers and spoken...
Since the leveraged
buyout, SRC's sales have grown 40 % per year and are expected to reach $ 42 million in fiscal 1986; net operating income has risen to 11 %; the debt - to -
equity ratio has been cut from 89 - to - 1 to 5.1 - to - 1; and the appraised value
of a share in the company's employee stock ownership plan has increased from 10?
Private -
equity acquisitions
of retailers have become increasingly rare, as the investment firms worry about increasing headwinds facing the industry and their portfolio companies struggle with the debt burden left behind from leveraged
buyouts.
Building diversified private allocations that include early stage venture exposure, growth
equity and operationally - focused
buyouts is now necessary to drive returns by capturing growth across the corporate lifecycle and the full range
of U.S.
equities.
Wilson's choices include partnering with a private
equity firm in a
buyout of the company, launching a proxy battle to gain additional board seats, or selling his stake, The Wall Street Journal reports.
While the majority
of the
buyout was financed by Dell's personal fortune and private
equity firm Silver Lake Management, an additional $ 2 billion was invested by Microsoft — not surprising considering Dell is the software maker's third - largest customer.
(Reuters)- Blackstone Group LP has secured $ 17 billion from investors for its latest global private
equity fund in just seven months, the biggest so - called first close
of a
buyout fund ever, according to people familiar with the matter.
The computer maker won a legal fight that stemmed from the
buyout of Dell in 2013 by founder Michael Dell and his private
equity partner.
ISS is expected to publish its view on whether Michael Dell's offer, which is backed by
equity financing from
buyout firm Silver Lake, is in the interest
of Dell's shareholders as early as next week.
Between 1980 and 2005, U.S.
buyout funds, one
of the main categories
of private
equity, heavily outperformed the S&P 500, according to research from Chris Higson at the London Business School, with about 60 %
of the funds he studied beating that benchmark index.
The US saw the biggest increase in private
equity transactions with a 52 percent rise in deals led by
buyout funds, accounting for a total
of $ 46.4 billion so far this year.
Owned by private
equity group Leonard Green & Partners after a leveraged
buyout for $ 1.3 billion in 2006, the company is entering bankruptcy in a bid to held shed much
of its debt and clean up its balance sheet.
His organization runs one
of the most visible and high - profile private
equity funds in the world — industry observers put it in the same class as those run by legendary
buyout giants Kohlberg, Kravis Roberts and Blackstone.
The biggest radio broadcaster in the US with nearly 850 radio stations, iHeartMedia, formerly called Clear Channel Communications — which was acquired by private
equity firms Bain Capital and Thomas H. Lee Partners in a leveraged
buyout at the apex
of the LBO boom just before the Financial Crisis — has finally filed for Chapter 11 bankruptcy, after threatening to do so since 2010.
Mr. Danhakl is a Managing Partner
of Leonard Green & Partners, L.P., a private
equity firm specializing in leveraged
buyout transactions, with which he has been a partner since 1995.
CHAMP Private
Equity has agreed on a $ 1 billion deal to sell Accolade Wines — the biggest producer
of Australian wine and owner
of wine labels including Hardys and Grant Burge — to global
buyout firm The Carlyle Group.
We maintain a deep network
of equity sponsors in this space, from traditional leveraged
buyout / growth
equity sponsors to entities dedicated to distressed markets.
Private
equity firms binged on
buyouts during the boom
of 2005 to 2007.
(Reuters)- Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private
equity consortium led by BC Partners Ltd for $ 8.7 billion, in the largest leveraged
buyout of the year.
SYDNEY, Aug 27 (Reuters)- Pacific
Equity Partners (PEP), Australia's top
buyout firm, is in exclusive talks about a possible acquisition
of New Zealand's largest training provider for university education for about NZ$ 530 million ($ 340 million), a source told Reuters on Thursday.
The Carlyle Group («Carlyle») is one
of the world's largest global alternative asset management firms that originates, structures and acts as lead
equity investor in management - led
buyouts, strategic minority
equity investments,
equity private placements, consolidations and buildups, growth capital financings, real estate opportunities, bank loans, high - yield debt, distressed assets, mezzanine debt and other investment opportunities.
Previously, he was also a member
of Makena's Private
Equity team which was responsible for investments in venture capital, growth equity, and bu
Equity team which was responsible for investments in venture capital, growth
equity, and bu
equity, and
buyouts.
HONG KONG Hong Kong - based private
equity firm PAG is planning a new Asia fund that aims to raise as much as $ 6 billion, two people with knowledge
of the plan said, potentially adding to a massive pool
of buyout money for acquisitions in the region.
Before founding K2, he was with American Capital Ltd., a publicly - traded
buyout and mezzanine fund (NASDAQ: ACAS), where he created the American Capital Energy Group, building a peak portfolio
of nearly a billion dollars
of market value
of energy - related
equity and debt investments across oil and gas production, oilfield services, utility services and alternative energy.
Like its predecessor, which raised $ 113 million in June 2014, Fund II will invest primarily in control
buyouts, focusing on microcap healthcare businesses with $ 1 to $ 7 million in EBITDA and
equity commitments
of $ 10 to $ 30 million per platform.
Affinity
Equity Partners, Bain Capital, Carlyle Group, KKR and South Korea's MBK Partners were among those to submit bids for ADT Caps in 2014, which at the time was one
of South Korea's largest
buyouts.
Buyout firm Berkshire Partners LLC and the private
equity arm
of Ontario Municipal Employees Retirement System (OMERS) have asked Goldman Sachs to run an auction for Husky, the four sources said this week.
Just over 28 %
of woman and minority - owned firms in the private
equity market in 2017 targeted
buyout investments, the largest segment
of the broader private
equity universe regarding the number
of firms and dollars invested.
NEW YORK More acquisitions
of U.S. companies by private
equity firms are being done through companies that are already owned by
buyout funds, rather than the funds directly, a market report showed on Thursday, indicating this «bolt - on» strategy is catching on.
The popular financial press often highlights record private
equity capital raising in the last few years, but when private
equity is deconstructed into its two principal components
of buyouts and venture, there is a tale
of two very different fundraising cycles.
She previously worked as a Private
Equity Investor at Emerging Capital Partners in Washington DC and at Reliant
Equity in Chicago where she executed and managed
buyout and growth capital investments across a wide range
of sectors.
Ridgemont
Equity Partners is a middle market private equity firm that has provided over $ 4 billion of buyout and growth capital to closely - held private companies and new business platforms since
Equity Partners is a middle market private
equity firm that has provided over $ 4 billion of buyout and growth capital to closely - held private companies and new business platforms since
equity firm that has provided over $ 4 billion
of buyout and growth capital to closely - held private companies and new business platforms since 1993.
The market for risky loans often used in
buyouts has ballooned on investor demand
Demand for risky loans that fund private - equity buyouts and other highly indebted companies has pushed the size of the market beyond $ 1 trillion for the first time.
After business school, Charles served as an Associate with NationsBank Capital Investors (subsequently Bank
of America Capital Investors, recently spun off as Ridgemont
Equity Partners), an investor in small and mid-market
buyouts.
Nearly half
of the debt was used to pay nearly $ 350 million in dividends to Morgan Stanley Private
Equity, which acquired Tops in a leveraged
buyout in 2007 and owned the company until it sold to Tops management in another leveraged
buyout in late 2013.
This week, Toms inked a deal to sell half
of itself to Bain Capital, the private -
equity firm co-founded by Mitt Romney that inspired a thousand attacks on the strategy
of the leveraged
buyout.
Bank
of America warns that the CSPP could «quickly become its own worst enemy,» fueling a rise in leveraged
buyouts — because «cheap debt can suddenly make unviable candidates appear «viable» for private
equity» — and increasing volatility in credit spreads.
Southeastern Asset Management, which owns 8.5 percent
of U.S. computer maker Dell, filed a statement with regulators on Feb. 8 opposing the $ 24.4 billion
buyout proposed by Michael Dell, the company's founder and chief executive, and private
equity firm Silver Lake Partners.