A head of one of the largest U.S.
private equity companies said a geopolitical surprise is the only thing for markets to worry about in the next two years.
Not exact matches
The much - anticipated international listing of Saudi Aramco — the world's largest oil
company — is likely to be delayed until 2019, but that decision makes sense given that oil prices are expected to head to $ 80 per barrel, a
private equity investor
said.
«I don't really trust a
private company to watch out for
equity because I haven't seen it happen,» councilwoman Meghan Sahli - Wells reportedly
said.
Most likely such a sale would be to a
private equity company that would then divide up the assets, she
said.
Net investment income fell 1 percent to $ 603 million, due to lower
private equity returns compared with a year earlier, the
company said.
Bayless, who specializes in later - stage
private -
equity placement,
says, «Origin Group allows larger
companies to utilize the advantages of being small and flexible in order to attack problems created by their bigness.»
The
company engineered two three - month loans, totaling $ 300,000, from a
private party — «a friend of a friend,»
says Anderson — who required the owners to put up 10 % of their
equity as collateral and make principal and interest payments of $ 75,000 a month.
One would - be buyer, a
private equity firm from New York City,
said it lacked the funds to buy the
company.
Private -
equity firm Lantern Capital is the winning bidder for substantially all the assets of The Weinstein
Company, the TV and film studio that filed for bankruptcy after co-founder Harvey Weinstein was accused of sexual assault, The Weinstein
Company said on Tuesday.
BRVM is also in talks with
private equity funds including ECP, Tunisia's Africinvest, and Mauritian group AFIG Funds, to encourage them to list
companies on the exchange as part of their exit strategies for assets, Amenounve
said.
At Fortune's Brainstorm Tech conference in Aspen in July, investors at
private equity firms TPG Capital and General Atlantic — both large shareholders of Uber —
said neither of them had marked down their holdings amid the
company's turmoil.
The Chinese consortium involved in the deal also includes Ma's
private equity firm Yunfeng Capital, China Oceanwide Holdings Group Co, China Minsheng Trust Co, CDH China HF Holdings
Company Limited, and Hony Capital Fund, the
companies said.
PARIS, April 17 - French healthcare group Sanofi is in exclusive talks to sell its Zentiva European generics drugs arm to
private equity firm Advent International for 1.9 billion euros, the
companies said on Tuesday.
Private equity fund Waterwood led the round although every existing backer, including Sequoia, Pitango, Lazarus, Silicon Valley Bank and Globespan Capital Partners also participated,
said Dani Golan, founder and CEO of the Needham, Mass. - based
company.
Private equity firm Berkshire Partners LLC
said on Wednesday it would acquire a significant minority stake in Kendra Scott Design Inc, in a deal that sources
said values the Austin, Texas - based jewelry
company at more than $ 1 billion.
«No matter what they do in their careers — go off to a
private equity firm, to consulting, go work for a big
company, be in the marketing unit at Merck — they're almost certain to be involved in launching new businesses or new products, or working with people who are,» Eisenmann
says.
«The best way to think about them is as a
private -
equity shop operating in the software industry,»
says Jeff Mo, a portfolio manager with Calgary's Mawer Investment Management, which has a 12 % stake in the
company.
Private equity firm Carlyle Group is exploring a sale or initial public offering of Ortho - Clinical Diagnostics Inc, a U.S. diagnostics
company that could be valued at more than $ 7 billion, including debt, people familiar with the matter
said.
«In troubled times like these, public
companies turn to the
private -
equity markets because they don't have the same financing opportunities that they might otherwise possess, either by selling more stock in the secondary markets or by borrowing whatever money they need from banks,» he
says.
Hostess Brands LLC, the maker of Twinkies and Ding Dongs,
said an affiliate of
private equity firm Gores Group will buy the
company in a $ 725 million deal and take it public.
The new
private -
equity funding should capitalize the
company for the next two years, she
says.
The shortlist comprises mainly large
companies and big
private equity firms including TPG Capital, and excludes many small
companies that proposed some kind of combination, such as privately held Yellow Pages owner YP, the people
said this week.
LONDON, Sept 6 (Reuters)- Canadian pension fund Caisse de depot et Placement du Quebec (CDPQ) and
private equity fund Ardian entered into exclusive talks to acquire a significant stake in airport ground support firm Alvest, the
companies said on Wednesday.
Greek yogurt maker Chobani, battling intense competition in the grocery aisle, on Monday
said it will name a new chief executive to replace its founder and may appoint its acting president, a turnaround expert from
private equity firm TPG which lent the
company $ 750 million last year.
Earth Treks partnered with Tengram Capital Partners, a
private equity firm specializing in consumer brands, with a goal of creating «a brand with a truly national footprint,» the
company said in a news release.
Private equity firm Lantern Capital is the winning bidder for substantially all the assets of the Weinstein
Company, the TV and film studio that filed for bankruptcy after co-founder Harvey Weinstein was accused of sexual assault, the Weinstein
Company said on Tuesday.
Since the U.K. eliminated its tax on income earned outside the country several years ago, it's become increasingly popular for so - called corporate inversions, a controversial practice in which a foreign
company buys a U.K.
company, primarily to lower its tax bill,
says Andrew Needham, a tax partner at law firm Cravath, Swaine & Moore, which specializes in
private equity and hedge funds.
HONG KONG (Reuters)-
Private equity firm Carlyle Group is planning a sale of South Korean security systems
company ADT Caps in what could be the country's biggest M&A deal in two years, sources with knowledge of the matter
said.
April 30
Private equity firm Lantern Capital is nearing a deal to acquire the Weinstein
Company, the TV and film studio whose former chairman Harvey Weinstein faces sexual assault claims, with a $ 310 million offer, people familiar with the matter
said.
This AlixPartners report
says that the relationship between portfolio
company CEOs & their
private equity owners is often pretty rocky — and that it too often leads to disruptive & costly departures.
That
said, KKR still has a business to run, and the
private equity company seems optimistic about how things are going.
The
company says it struck deals to sell stakes to
private equity firm Primavera Capital Group, and...
In addition to that, reports later in the week
said that the
company is in talks to partner with a leading
private equity fund to buy Anadarko Petroleum's south Texas oil and gas assets in a deal that could be worth up to $ 3.5 billion.
U.S.
private -
equity firm TPG
said on Oct. 13 it had sold its stake in Myanmar Distillery, the country's largest spirits
company, to Thai Beverage, the beer and spirits firm run by Thai magnate Charoen Sirivadhanabhakdi.
Kirk Falconer PE Hub — IPO (Canada) Canadian steelmaker Stelco Inc (TSX: STLC)
said a syndicate of underwriters has agreed to buy $ 217.5 million of the
company's common shares from U.S.
private equity firm Bedrock Industries Group.
Gouw
says that «typically public and major
private companies give board members an
equity stake equal to a VP, but with a shorter vesting period.»
(Reuters)- Hostess Brands LLC, the maker of Twinkies and Ding Dongs,
said on Tuesday it will be bought in a $ 725 million deal by an affiliate of
private equity company Gores Group, which will then take it public.
«It has been seen that investors have made money without
companies making money,»
said Sanjeev Krishan, transaction services and
private equity leader at PwC India.
The
private -
equity owners of BJ's Wholesale Club are preparing to take the
company public in the coming months, people familiar with the deal
said.
What's more, women - led startups last year obtained just 2.2 percent of all VC funding, Brand
said, citing statistics from PitchBook, a Seattle
company that tracks mergers and acquisitions,
private equity and venture capital.
Earlier, the
companies said Kraft shareholders will receive stock in the combined
company and a special cash dividend of $ 16.50 per share, financed by a $ 10 billion investment from
private equity firm 3G Capital and Berkshire Hathaway.
Given the prices being paid for
companies, investors» returns over the life of the fund are likely to drop into the low to mid-teens,
said Hugh H. MacArthur, head of global
private equity at the consulting firm Bain &
Company, which used to be affiliated with Bain Capital, the
private equity firm.
In the biggest delisting this year, Focus Media Holding Co.
said in August its chairman and
private equity firms would buy back its U.S. shares in a deal that valued the Shanghai - based advertising
company at $ 3.5 billion.
The
company, formerly public but recently taken over by a
private equity firm, still consciously tries to «do the right thing in the way that employees treat customers,»
says Theodore Malloch, who leads Yale University's Spiritual Capital Initiative.
Liquor retailers
say the prospect of Treasury Wine Estates» portfolio of 80 - plus brands being owned by an overseas
company is unlikely to produce a customer backlash, unless price rises are pursued by new
private equity owners.
Treasury Wine Estates chief executive Mike Clarke
says the
company is on the acquisition trail in the United States at the premium end of the market, as he reinforced his desire to keep running the
company even if one of the two
private equity suitors takes control.
JPMorgan's local head of mergers, Jon Gidney,
said activity in the next six to 12 months would be buoyed by «cashed - up»
private equity and Australian
companies moving to strategically position for scale.
The
private -
equity firm, which is focused exclusively on the restaurant industry and has worked with brands like Taco Bell and Denny's,
said the partnership will recapitalize the
company and accelerate new store growth across the Midwest and beyond.
Pitango general manager Wade Gillooly wouldn't reveal the price Sydney - based Beak and Johnston had paid for the New Zealand
company, but
said becoming part of a family - owned business was a welcome change after a few years of
private equity ownership.
«There's a drumbeat,»
says Bob Crowley of Mustang Management, a
private equity firm that has sunk millions into the lacrosse equipment
company Cascade.