Hints and tips:
Related Special Reports
...Luxury Australian marque Aesop was sold to L’Oréal for $2.5bn in April and last month Natura agreed to sell The Body Shop to private equity firm Aurelius for a fraction of the price it paid in 2017, after...
...He added: “If you’re growing at the pace that we are, then the P&L does manifest itself in cash requirements.” Sales at Interpath’s advisory business climbed to £26.9mn, up from £2.8mn a year earlier....
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...Since 1990, missing the 30 best days of the S&P 500 cuts your compound returns in half....
...“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...
...“Demand is surging worldwide across companies, industries and nations.”...
...LVMH is forecast to make a 35 per cent ebitda margin this year, according to S&P Capital IQ. Birkenstock achieved that in the year to September 2022, albeit on an adjusted basis....
...The run of economic statistics this week is more of a trickle, starting with the international comparator of service industry purchasing managers’ index (PMI) data....
...As Bolgona puts it: From a high level, relative to electing to account for loans at amortised cost, electing the fair value option provides a P&L tailwind during periods of loan growth due to recognising...
...It ranks among the company’s biggest purchases over the past quarter-century, according to S&P Global Capital IQ data....
...L’Oréal recently bought the latter for $2.5bn or 4.7 times last year’s sales. Creed generated over €250mn of revenues in the year to March....
...The FTSE 100 is up just 5 per cent while the S&P 500 and the Nasdaq Composite have lost about 1 per cent over the same period....
...Blackstone in September became the first private equity group to be included in the S&P 500 index and its rivals Apollo Global and KKR are hoping they are not far behind....
...For example, the SSGA SPDR MSCI World UCITS ETF tracks the MSCI World index for an ongoing charge of 0.12 per cent, while the Xtrackers S&P 500 UCITS ETF tracks the S&P 500 index of US stocks for 0.06 per...
...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....
...The S&P Global Clean Energy index has dropped 38 per cent from a recent peak in January 2023 to its lowest level since July 2020 and is down 30 per cent over the past 12 months....
...In both instances, a gain is recorded and runs through the P&L to create income and then equity capital boosts at essentially no cost....
...You would not stay there very long unless you boosted the P&L....
...It has five big divisions (home care, personal care, beauty and wellness, nutrition, and ice cream) each responsible for its overall P&L....
...Over the past 10 years, the 1.5 per cent the FTSE 100 has returned annually on average has been dwarfed by the 9.7 per return an investor in the S&P 500 has enjoyed....
...Yet roughly one-third of the market’s rally since the start of the fourth quarter last year stems from burgeoning investor interest in Hermès, Kering, LVMH and L’Oréal....
...Monday Apple stages its Worldwide Developers Conference from its headquarters in Cupertino, California Global airlines body Iata publishes its annual report into the industry at its annual meeting and...
...The performance of the S&P 500 index is now the most concentrated it has been since the 1970s....
International Edition