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...The amount raised by private equity funds globally last year fell to a six-year low, according to S&P Global....
...Thanks for reading, Amanda What to watch at CERAWeek 2024 Next week, thousands of energy executives and leaders will arrive in Houston to attend the annual CERAWeek conference hosted by S&P Global, one...
...Its also hugely important for a lot of those private equity investors who are sitting on 28,000 unsold companies worldwide worth some $3tn, according to consultancy firm Bain....
...That made for an unsustainable debt load, which S&P put at A$870mn to A$880mn, on an adjusted basis. That was about 17 times ebitda....
...Of the 447 universities with a credit rating from S&P Global Ratings, more than a third are rated triple B plus or below....
...Private equity firms were sitting on a record $2.59tn in cash reserves available for buyouts and other investments as of December 15, according to S&P Global Market Intelligence....
...Consultancy Bain & Company calculated in a recent report that although the value of retail sales in the consumer products sector was up 10 per cent year-on-year in 2023, three-quarters of the increase was...
...“Will the same illiberal interpretation of national security characterise Article 23’s implementation?”...
...This may explain the compression in private equity’s outperformance that is already evident; see the chart below from Bain & Company’s Global Private Equity report (while remembering that internal rates...
...The chair of Bain’s PE business says 2022 ran like A Tale of Two Cities: The first six months resembled 2021’s record-breaking activity: incredible numbers of deals, lots of exits, and substantial funds...
...According to S&P Global, in the first nine months of 2023 global private equity investments had an aggregate value of $365.3bn, a decline of 44 per cent year over year....
...And it looks like it will be more subdued in 2024 too, with analysts at Bain predicting growth will average between 4 and 6 per cent....
...Economic data: S&P Global releases flash purchasing managers’ indices for the US, the UK, the EU, France and Germany....
...The S&P 500 finished last week up 5.9 per cent, its best week for a year....
...Some of private equity’s biggest names such as KKR and Bain are handing over companies they own to the lending arms of rivals, as they struggle against higher interest rates, inflation and supply chain issues...
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...News round-up Jan Marsalek claims third-party business survived Wirecard collapse (FT) Microsoft, Activision urge US to drop case against deal before internal FTC judge (Reuters) Bain Capital increases...
...As Lex notes, Tapestry’s dealmaking record isn’t great and analysts at S&P cut the company’s outlook to negative on the deal....
...Hedge funds overall have shed 5.6 per cent, far less than the S&P 500’s 20 per cent drop, bolstered by strong performing quant and macro funds....
...Securities Regulatory Commission about their outlook for China’s economy and how to make it easier to invest in the country, multiple people with knowledge of the event told DD’s Kaye Wiggins and the FT’ s...
...Occidental Petroleum, the best-performing stock in the S&P 500 last year, also reports earnings....
...Last week, BlueMark announced it had raised $10mn from S&P Global, Temasek and other investors....
...For Keith Bevans, global head of consultant recruiting at Bain & Company, these payments, while common in his sector, are base-level “table stakes”....
...The S&P 500 is often used as the default comparison because of its ubiquity, but, in reality, it’s a poor benchmark for private equity returns given how top-heavy it is....
...As Jacob Hawkins, F21’s chief marketing and digital officer, explains, Roblox and its ilk can act as R&D testing labs where consumers are the guinea pigs....
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