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...“Sellers have conceded to lower valuations and the pressure to meet a certain return on investment is ticking,” Pete Stavros, co-head of global private equity at KKR, told the Financial Times at the World...
...Higher interest rates and valuation mismatches between buyers and sellers have meant private equity groups have struggled to sell assets or have paused striking new deals....
...The increasing prevalence of discounts on secondary markets stands in contrast to previous years when low interest rates boosted the values of private equity-owned companies, giving sellers more bargaining...
...The only current disclosed short seller is London-based hedge fund Marble Bar....
...buyers and sellers....
...Members club group Soho House said that its biggest shareholders are considering taking the New York-listed company private, in response to a short seller report that described its 2021 public listing as...
...Then, the buyer gets a business and the seller gets a check. Everyone’s happy. That’s not what happened when a private equity firm recently bought a California grocery store chain....
...His predecessor was ousted in 2021 after backing an earlier proposal from KKR to take the entire company private....
...House, which floated on the New York Stock Exchange in 2021, fiercely rejected the report, saying it contained factual inaccuracies and that its biggest shareholders are considering taking the company private...
...Members club group Soho House said on Friday that its biggest shareholders are weighing taking the New York-listed company private, in a response to a short seller report published this week....
...But being a forced seller into a choppy market is no fun. Hence the growth of secondary deals and continuation funds that allow firms to sell assets to one other, and themselves....
...The firm also named Chris Gordon and Robin Marshall as the heads of its global private equity business....
...Hedge fund short seller Muddy Waters on Wednesday revealed a short bet against a New York-listed mortgage trust managed by Blackstone, the private equity giant....
...At the closing of a deal, the buyer pays the seller, and gets a business in return....
...Hamilton Lane, a US private equity firm that has been a lead investor in at least three Asian continuation funds totalling $830mn since 2020, said it avoided being both a seller and buyer of the same underlying...
...Darktrace rebutted claims in the short seller’s attack....
...She had been a managing director focused on making consumer bets within Goldman’s private equity arm....
...And when they go out and enter auction processes, sellers are choosing between a bunch of private equity firms who all look the same....
...Darktrace has accepted a £4.3bn offer from US private equity investor Thoma Bravo. That the UK market’s lone cyber security name is leaving will, of itself, raise eyebrows....
...He said private equity groups are starting to follow family offices into the market, which will result in more deals over the next six months....
...That is particularly the case for real estate funds, but it is also seen in private debt and private equity portfolios....
...Take the news that CVC, which owns 85 per cent of beauty retailer Douglas, is set to be a buyer, rather than a seller, in the upcoming IPO....
...Sellers and buyers ended up far apart on prices, so transaction volume collapsed everywhere from private equity and venture capital to IPOs and investment banking....
...Notable share moves this morning include UK retailer Next, private equity firm 3i and German engineering software vendor Nemetschek....
...For private sales Sotheby’s dealers search for works their clients are seeking, working internally to find willing sellers and negotiate a price....
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