Hints and tips:
Related Special Reports
...Proprium Capital Partners, a real estate private equity group, has sold back its 35 per cent stake in Motel One to the company’s majority shareholder, One Hotels & Resorts, according to a statement on Tuesday...
...One requirement being explored by owners is the stipulation that institutional investors set up NFL-specific funds, according to three people briefed on the matter....
...Typically, private equity groups aim to hold assets for about five years....
...“It’s irrelevant if one of those companies is good at testing well water.”...
...fund, one of the largest buyout funds of all time....
...a few years ago he described as one of Berkshire Hathaway’s “four giants”....
...Of course, the reason folks don’t get as angsty about Taiwanese or Korean stock concentration is that most global managers own maybe one Taiwanese stock or one Korean stock....
...Last year Galderma received approval from the US Food and Drug Administration for two new injectibles — one that targets cheeks, the other “under-eye hollows”....
...One effect is that indices based on a specific number of stocks — such as the S&P 500 or the Russell 2000 — now cover much larger segments of the market than they used to, potentially skewing risks and returns...
...“To truly understand how dominant they have been, consider that only 5 per cent of the market — around 25 stocks — has delivered stronger returns on a year-on-year basis,” wrote global equity strategist...
...Optimism is springing everywhere, evidenced by the high percentage of bulls in the American Association of Individual Investors survey, aggressive flows into equity ETFs, or the low equity put/call ratio...
...An internal equity valuation of $19bn in October would be vastly lower today. More attention goes to $13bn of buyout debt banks are stuck with....
...UK equity valuation multiples are depressed, and [equity risk premium] for the region is also looking fairly high versus the US. Of course, the derating of UK equities vs....
...Martin Wolf’s latest piece on UK pensions claims that corporate Britain is dying because the percentage of UK pension assets held in UK equities — especially defined benefit pensions — has shrunk in the...
...Michael Dell put more than $6bn in equity into both companies for stakes that are now worth about $60bn. Kaplan said: “This is one of the huge private equity successes....
...The equity market is not priced for economic convergence, for example....
...Hence the growth of secondary deals and continuation funds that allow firms to sell assets to one other, and themselves. There is a more fundamental problem....
...Over the past decade, banks have become a kind of one-stop-shop for buyout firms, which play an increasingly influential role in the global economy....
...Equities — which presaged one of the longest and strongest bull markets in history....
...CVC Capital Partners, one of Europe’s biggest private equity firms, has approached Big Four accountancy group EY about buying its Italian consulting arm, according to people familiar with the matter....
...The public listing of European private equity firm CVC Capital Partners will net one of its co-founders, Donald Mackenzie, a windfall of up to €150mn....
...“They don’t have a tendency or loyalty to any one of the companies. They can buy their bubble tea or lemon tea from this company today and the other company tomorrow.”...
...Of the 10 biggest deals so far this year, only one fell on its debut. The best-known, Reddit, is still 20 per cent above its IPO price....
...(Ethan Wu) The UK equity discount, redux Yesterday I wrote about the UK equity discount and whether it really exists....
...Private equities are more leveraged than public ones — in terms of debt, they are something like an equity index bought with 30 per cent borrowed money....
International Edition