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...Advocates say private equity can bring more efficiency to the profession and access to capital for critical investment, but the financial terms of such deals can prove controversial....
...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...There will also be an undisclosed amount of debt financing provided by a group of private lenders including Blackstone Credit, HPS Investment Partners and Blue Owl Capital....
...“The capital need for sustainable infrastructure and the energy transition is huge,” Ford said in an interview with the Financial Times from the World Economic Forum in Davos....
...KPMG sold the insolvency and restructuring business to private equity group HIG Capital in 2021....
...Were BlackRock to find its transformative deal, it would likely set off even greater change within the private capital industry....
...Alongside Warburg, a group of older private equity managers such as Clayton, Dubilier & Rice, CVC Capital Partners, TA Associates and GTCR have all recently closed large funds above their targets....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...He was a day-one investor in venture capital giant Sequoia Capital, as well as other leading private capital groups including Benchmark Capital and Hillhouse Investments....
...“Firms desperately need capital to transform the business,” he said....
...The slow pace of fundraising underscores how a turnaround in private markets has damped the appetite of institutional investors for allocating cash to risky venture capital investments in recent years....
...The firm also named Chris Gordon and Robin Marshall as the heads of its global private equity business....
...The Palmer Square Capital BDC is the first of a bunch of BDC IPOs in the pipeline, helped by the ravenous demand for non-bank “private credit” that Alphaville has discussed ad nauseam....
...All told: a lot of capital, not enough deals, public markets rallying and becoming competitive — all that has created a pretty material tightening in private credit over the last couple months....
...Such private investments in public equity — or PIPE — deals are relatively common in the US, offering private equity houses a downside-protected route into a company’s share capital....
...The owners and managers of the True Confidence, who purchased the vessel just days ago from US private equity group Oaktree Capital, gave details of the deaths and injuries in a statement on Thursday....
...Stripe, the payments plumbing company, at its private valuation peak clocked in at $95bn. Klarna, the money-losing buy now, pay later start-up, once hit $45bn....
...“As we’ve turned the year you see banks being more aggressive,” said Chris Bonner, who heads leveraged finance capital markets for Goldman Sachs....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...Edward Finley of Arrow Wealth Advisory LLC pointed out that from a certain point of view, the question “does private credit, as an asset class, generate excess return” is a sort of category mistake: An...
...In its defence, Audax has pointed out that its own capital is at risk from any failure at Mobileum....
...In 2009, like countless other private-equity hopefuls scouting for deals, 3G Capital’s partner Daniel Schwartz screened a bunch of undervalued companies. He came across Burger King....
...“We’ve only seen the beginning, clearly there will be more,” the head of equity capital markets at one large European private equity firm said....
...On Monday Hg Capital Trust, an investment company managed by Hg, said the new transaction valued its own stake in Argus at about £52mn....
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