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...It boasts that it has never had an investment go bankrupt or miss an interest payment in more than 80 private equity deals executed since it was founded in 2000....
...Financing costs also rose 44 per cent to £18.8mn, with Nimmo saying “investment has required some additional facilities to be used”....
...For CVC, the Douglas investment has “not been a showcase from a financial perspective”, a person familiar with the PE group’s internal discussions told the Financial Times, adding that the holding period...
...The banks’ willingness to provide leverage to investment managers is also shifting....
...The two Orient Express-branded yachts are being constructed by French shipbuilder Chantiers de l’Atlantique and are expected to launch in early 2026 and early 2027, respectively....
...Amazon, Tesla and Nvidia offer more growth and even higher valuations (although when you scale Nvidia’s valuation to its near-term growth rate, using a PE/growth ratio, it surprisingly looks the cheapest...
...“PE compensation is predominantly derived from the P&L of the firm — which is based on the management fee of the fund, and this is locked in for the life of the fund,” said Tom Thackeray, a partner at Heidrick...
...When L’Oreal needed online descriptions across thousands of its different beauty products for retailers around the world, WPP was able to use AI to create a unique page for each....
...PE firms already use NAV loans to fund dividends to investors or finance acquisitions, but are novel as a deleveraging tool....
...PE firms are now left sitting on trillions of unsold investments and their backers are demanding their money back before committing more cash to the asset class....
...Bosses keener to reduce debts than increase investment can earn a healthy premium — reckoned at 30 per cent in the case of ChapStick — by selling....
...Victoria’s Secret: The Tour ’23, the brand’s largest marketing investment since 2018, will be available to stream on Amazon Prime Video in the US, UK and more than 50 other countries from September 26....
...Coty said it would use the proceeds to pay down debt and for strategic investments in the business....
...On the whole, our PE program has delivered strong returns that have exceeded other asset classes and its public market equivalents....
...At the PE conference in Berlin, Robert Smith, founder of Vista Equity Partners, called on business leaders to help resolve the tensions....
...Gresham Investment Management’s Irene Perdomo has joined Dubai-based Ocean Leonid Investments as co-head of systematic strategies....
...For example, the company is part of the so-called Mansion House Compact which also includes L&G, Aviva and Scottish Widows....
...News round-up L’Oreal on the lookout for further acquisitions after Aesop, says chief (FT) BNP Paribas faces US fine over messaging violations (FT) Barclays shares slide after earnings reflect fading...
...Investment Exchange....
...If you need proof of the risks of trying to enhance performance by adding PE, look no further than the demise of Neil Woodford’s Equity Income Fund, which ran into trouble with too many illiquid investments...
...When you look at it this way, it’s not hard to see why PE firms have been sitting on their hands....
...Tony Blair to N.F.L star Tom Brady and his supermodel wife Giselle Bundchen....
...Kirkland was buoyed by a business model that acts as a one-stop-shop for private equity: after helping PE clients lever up companies in search of investment profits, they are also there to unwind mistakes...
...L-T....
...Private equity groups Warburg Pincus and Permira are preparing to list or sell wealth manager Tilney Smith & Williamson as they seek to exit their investment 18 months after a merger, according to people...
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