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...Advocates of private equity say it can be used to boost growth and introduce a more compelling incentive structure for partners and staff....
...That is due not only to the greater number of retail investors trading the stocks, but also to the growing popularity of sometimes-controversial equity fundraisings that can flood the market with new shares...
...A person familiar with its deal said that the two private equity firms would take an equity stake of about $1bn for just over 50 per cent of the firm, with more than $900mn coming from H&F....
...KPMG sold the insolvency and restructuring business to private equity group HIG Capital in 2021....
...GMO’s head of Japan equities Drew Edwards said in the letter, seen by the Financial Times, that recent scandals were “just one symptom of a larger problem of broken corporate governance and culture at TIC...
...It also seeded Clipway, a specialist that buys second-hand investor stakes in private equity funds, or secondaries, to build a presence in that fast-growing market....
...[Enlarge] Further reading:— Alert: Alphaville LLC issues new research report on Duchy of Cornwall (FTAV)— Greenland: Alphaville put on its sellside hat for the deal of the century (FTAV)— Alphaville LLC...
...But the Apollo case shows that in private equity, monitoring and enforcing contract terms is not so straightforward. sujeet.indap@ft.com...
...The firm also named Chris Gordon and Robin Marshall as the heads of its global private equity business....
...Private equity firms must get into the weeds of a business. Hedge funds prefer spreadsheet calculations that they can paste into letters and PowerPoint slides....
...Such private investments in public equity — or PIPE — deals are relatively common in the US, offering private equity houses a downside-protected route into a company’s share capital....
...“It creates an equity culture so that partners are focused on how to grow the equity value of the business and not just their own individual book of business.”...
...Yes, dividend culture has declined in the US, but it is still, by some distance, the world’s most vibrant equity market. That’s the second pushback: why are you complaining about the US growth market?...
The value is out there
A ripple; not a wave
One of the world’s richest men discloses his latest sales as part of pre-planned disposal
Social media platform’s valuation is expected to have tumbled from $10bn in 2021
...“We’ve only seen the beginning, clearly there will be more,” the head of equity capital markets at one large European private equity firm said....
...Such transactions might help to stem companies’ debt problems in the short term, while helping to preserve buyout firms’ equity....
...The attack seems likely to have been a result of the ship’s previous ownership by Oaktree, one of the US private equity firms that is most active in shipping investment....
...The number of private equity deals fell 36 per cent to about 13,000....
...Thursday’s filing gave no financial details of the proposed equity issue, but people familiar with the matter have previously said the goal was to raise more than $1bn at a valuation of $10bn....
...“Equities have been on a fantastic run,” he said....
...Last year private equity group Francisco Partners agreed to buy financial data provider Macrobond for almost €700mn, while in 2022 Permira gained control of Reorg in a deal that valued the distressed debt...
...RedBird IMI now owns £600mn of debt behind the group, which carries an option to convert into equity ownership that RedBird IMI can no longer use....
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