Alarming Default Rates: Private equity-backed firms faced a 17% default rate from Jan 2022 to Aug 2023, nearly double the 9% rate for non-PE firms. Top Sponsors Impacted: Major PE sponsors like...
Strategic Acquisition Target: HPS Investment Partners, a leading $117 billion private credit firm, emerges as a prime $10+ billion acquisition target for BlackRock. Sector Growth: The private credit...
Strategic Hire: Citigroup bolsters its private equity M&A capabilities by hiring John LaVoie, a veteran investment banker with deep West Coast sponsor relationships. Sector Focus: LaVoie's expertise...
Strategic Acquisition: KKR's acquisition of The Parking Spot (TPS), a leading near-airport parking provider, positions the firm for growth in the infrastructure and travel sectors. Market Dominance:...
Deal Overview: Barnes Group, a leading aerospace parts maker, is being acquired by Apollo Global Management in a $3.6 billion all-cash deal. Shareholder Value: The deal values each Barnes share at...
Dominant Player: Summit Partners' $9.5 billion growth equity fund XII underscores its continued dominance in the growth investment landscape. Strategic Focus: The fund targets majority and minority...
Transformative Deal: Ares Management and billionaire Joe Tsai are in advanced talks to acquire minority stakes in the Miami Dolphins franchise, valuing it at a staggering $8.1 billion....
Debt Burden: Asda's net debt of £3.9 billion, excluding lease liabilities, with total net leverage three times underlying earnings, poses significant financial challenges. Private Equity Risks:...
Strategic Asset Divestiture: Sanofi's potential sale of its consumer health unit for €15 billion ($16.74 billion) reflects a broader industry trend of pharmaceutical companies monetizing non-core...
Record Fundraise: Vitruvian Partners surpassed targets by raising €7.3 billion for its VIP V fund, marking the firm's largest ever fundraise. Middle Market Focus: The fund targets high-growth...
