Hints and tips:
...The raise also signals that LPs are willing to back General Catalyst’s unorthodox approach....
...Private capital firms Partners Group and LGT Capital Partners were the main buyers of stakes committed to be sold in the tender offer....
...The lenders are increasingly confident they can edge out investment banks including JPMorgan Chase and Goldman Sachs in a deal to fund Carlyle’s acquisition of a 50 per cent stake in healthcare analytics...
...Goldman Sachs advised the vehicle to be funded by CVC Capital Partners Fund VIII and Haveli Investments. The deal is subject to regulatory approvals....
...It culminated last week with the sale of a $5bn loan that backed KKR’s purchase of a stake in a healthcare technology company known as Cotiviti....
...The German healthcare group said on Wednesday that Spanish company GED Capital and fertility group IVI RMA, which KKR acquired last year for €3bn, had bought its Barcelona-based fertility business in a deal...
...Veritas Capital is in talks to sell a 50 per cent stake in healthcare technology company Cotiviti to private equity giant KKR, in a deal that would value the business at up to $11bn, according to three people...
...There’s already competition under way between the two camps to finance KKR’s investment in healthcare technology business Cotiviti....
...The race is on among European start-ups to raise the massive amounts of capital necessary to compete with the likes of Microsoft-backed OpenAI and others that have raised billions....
...The sector has trillions of dollars invested in industries from real estate and healthcare to energy and manufacturing....
...fundraising from investors that has drawn in billions of dollars of capital this year....
...AMS-Osram has staked its future on supplying the automotive and healthcare industries. It is aiming to capture a slice of the burgeoning microLED business....
...Despite a $750mn capital injection last year that predominantly came from SoftBank, Better is in desperate need of cash....
...As capital dries up amid sharply higher interest rates, companies have been increasingly forced into court-led restructurings....
...In early March, Carlyle Group appeared close to a takeover that valued healthcare software company Cotiviti at $15bn....
...Cotiviti’s owner, Veritas Capital, another US-based private equity firm, had hoped to sell half of the business at an about $15bn valuation....
...“It’s either this or a capital increase....
...Angelo Gordon, which manages $73bn in assets with 650 employees worldwide, has had important roles in steering recent bankruptcies such as Revlon and Envision Healthcare....
...“They are doing it because they can’t raise capital the old-fashioned way,” said one executive following the process....
...The group manages $3bn in capital and a portfolio of private holdings in the financial services, healthcare and business services sectors....
...Private valuations over that period, especially for hot sectors like healthcare and technology, have consistently outpaced those set by public markets in the US and Europe....
...The US hospital staffing company Envision Healthcare, owned by the private equity firm KKR, has the lowest possible junk-grade credit rating and is at risk of bankruptcy, according to Moody’s....
...In particular, growth has come from permanent and perpetual capital increasingly funded by wealthy individual investors who want access to real estate and credit investment vehicles outside of public markets...
...In 2013, KKR acquired Panasonic’s healthcare division, a business it listed in 2021. It also owns assets ranging from supermarket chain Seiyu to semiconductor manufacturer Kokusai Electric....
...The billionaire *former* activist investor on Tuesday said his fund Pershing Square Capital Management will stop running activist campaigns, choosing instead to take a quieter approach by investing in companies...
International Edition