Hints and tips:
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...One option includes turning it into a cash-shell company that pursues acquisitions in new industries, the 63-year-old billionaire told the Financial Times in a rare interview....
...Recently, KKR renamed the asset stockpile “strategic holdings” and has begun telling shareholders it will turbocharge growth....
...KKR was also holding talks with large corporations and other private equity buyers about potential asset sales, they said....
...Top of this list may be Vivendi, the billionaire Bolloré family’s holding company, which has voiced its opposition over the price KKR will pay....
...The credit investment manager co-founded by Howard Marks expects to offer loans of about $500mn or more to leveraged buyout groups, money they will use to fund corporate acquisitions, according to a letter...
...Miller, a co-founder of Crown Castle, said the “co-operation agreement” that Crown Castle signed with Elliott, which gave the fund a board seat, was a ploy by the incumbent directors of the telecoms group...
...Last week, Kutay led a $16.5bn acquisition of Catalent. Novo Nordisk paid Novo Holding $11bn to take on three Catalent sites, tackling its supply headache. Now, Kutay is looking for more big deals....
...Billionaire tycoon Li Ka-shing’s CK Infrastructure Holdings, which bought UK Power Networks for £5.5bn in 2010, tried to increase the sale price just two days before an agreement was due to be signed last...
...Founded in 2001, Jagex has had several owners, including asset manager Macarthur Fortune Holding, its most recent before Carlyle....
...The gains have come as other parts of Wall Street have struggled amid a slowdown in mergers and acquisitions and initial public offering activity....
...The strategy has allowed KKR to reinvest its profits in acquisitions and build an increasingly large pool of investment assets on its balance sheet....
...The insurance units are required by state regulators to invest the vast majority of their holdings in investment-grade rated debt, to safeguard policyholders....
...These deals often involved taking large equity stakes, especially the 2021 acquisitions of cyber security company Proofpoint and real estate software specialist RealPage....
...Goldman Sachs has named John Greenwood co-head of Latin America and head of investment banking for the region, per Reuters....
...A few corporate buyers have helped private equity LPs this year....
...The Fuchs family is expected to hold a 63.4 per cent stake after completion of the deal, with KKR holding 34.1 per cent....
...In March, the Singapore state fund purchased a stake in Japanese software group WHI Holdings from Bain Capital for $2.6bn, Nikkei Asia reported — one of its biggest acquisitions to date....
...And there’s one more thing — a margin loan Icahn took out against 181.4mn shares, which comprises the majority of his Icahn Enterprises holdings....
...It’s fitting then that their holding company Concordia is the vehicle through which they intend to buy out remaining shareholders in their investment bank Rothschild & Co, swapping the tumult of a public...
...Carlyle reported fee-related earnings of $202mn for the fourth quarter, a 15 per cent increase from the same quarter of 2021, bolstered by recent acquisitions....
...Vice insiders and investors are holding out hope that another bidder will enter the room....
...Slack CEO and co-founder Stewart Butterfield plans to leave the company in January....
...Its market cap sits at a meagre $37bn, despite having completed a $29bn acquisition of Australian buy now, pay later business AfterPay in February....
...If a GP boosts or smooths returns, perhaps by strategically timing asset acquisitions and dispositions or by misstating the values of underlying assets, investment managers within LP organizations can report...
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