Private Equity

Global private equity firms are sitting on more than $2.1 trillion in “Dry Powder.” Their investment decisions and purchasing power will shape the public and private investment markets in ways that shape the future of the global economy. DailyAlts provides constant updates and insights on deal-making, regulatory shifts, global capital flows, and more.

Top Story

Private Equity: Coty Sells Majority Stake of Hair Business to KKR

M&A Deal News

Beauty products firm Coty (NASDAQ: COTY) and KKR (NYSE: KKR) have entered into a strategic transaction for Coty’s Professional and Retail Hair business. The transaction includes the Wella, Clairol, OPI and Good Hair Day brands. The deal values the businesses at $4.3 billion on a cash- and debt-free basis. KKR will own 60% of this separately managed entity. Coty will own the remaining 40%. KKR is investing $1 billion directly into the firm through the issuance of convertible preferred shares. Inside the Coty Deal The transaction allows Coty management to focus on Prestige and Mass Beauty and develop increased cost competitiveness. By retaining a 40% stake in Wella, Coty’s shareholders can still benefit from the growth opportunities for Wella’s business and its long-term value creation. Coty will also be able to will reinvest in its power brands. These include Sally Hansen, Rimmel, CoverGirl, and Max Factor. The company is targeting a net reduction in fixed costs of approximately $600 million in cash over the next 3 years. This equates to 25% of its pro forma fixed cost base. The one-off costs associated with this program come in around $500 million. These measures will drive strong financial improvement at Coty through…

Read more

Get Daily Updates

Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.

  • This field is for validation purposes and should be left unchanged.

https://dailyalts.com/wp-content/uploads/2019/11/5ee0d0464255b114a6d98074cf213576083edbe25054794f752978_640.jpg
Whoa… Primavera Capital Raises $3.4 Billion China Fund
November 12, 2019

Primavera Capital Group has raised $3.4 billion for its Primavera Capital Fund III. This is the second-largest close ever by a domestic manager with a focus on China. The record…

https://dailyalts.com/wp-content/uploads/2019/11/japan-4549082_1920-neuberger-esg.jpg
Neuberger’s ESG Investing to Include Small Japanese Companies
November 12, 2019

Neuberger Berman, a US private equity firm, is creating a niche ESG fund focused on small Japanese firms. Neuberger Berman is looking at small (also mid-sized) Japanese companies because they…

https://dailyalts.com/wp-content/uploads/2019/11/Walgreens_Drive-Thru_Pharmacy_sign.jpg
Is Private Equity Giant KKR Buying Walgreens Boots Alliance?
November 11, 2019

Is KKR buying Walgreens Boots Alliance? Based on a new buyout proposal, the answer could be “yes.” The private equity giant has put together a $70 billion proposal that would take…

https://dailyalts.com/wp-content/uploads/2019/11/physics_facebook_share.png
Blackstone Group is Getting into the Dating Game
November 8, 2019

MagicLab, a developer of dating and social networking apps, has a new beau. Private equity giant Blackstone Group is buying a $3 billion stake in the company. MagicLab’s properties include Bumble…

https://dailyalts.com/wp-content/uploads/2019/11/opengatecapital-website-marketingpg.jpg
OpenGate Capital’s Second Institutional Fund Closes With a Flourish
November 8, 2019

Private equity firm OpenGate Capital’s Second Institutional Fund raised $585 million versus a target of $450 million. The enthusiastic support for OpenGate’s second institutional fund came from 23 investors located…

https://dailyalts.com/wp-content/uploads/2019/11/52e2dd444251ae14ea898579ce203e7c1d22dfe05452704c772b7dd7_640.jpg
Another Day, Another Massive Private Equity Buyout Fund
November 8, 2019

A KKR Asian Buyout Fund is now the talk of the alternative investment markets. KKR wants to raise a $15 billion buyout fund with a focus on Asian companies. The…

https://dailyalts.com/wp-content/uploads/2019/11/50e5d7464c52b114a6d98074cf213576083edbe250507248702c7b_640.jpg
U.S. Private Equity Fundraising Hits New Record
November 7, 2019

A new report shows that 2019 broke the record for private equity fundraising A new Pitchbook report says that private equity firms have raised record capital for a year. By…

https://dailyalts.com/wp-content/uploads/2019/10/52e3d4404352a414ea898579ce203e7c1d22dfe05558784e73277cd3_640.jpg
Brookfield Asset Management Launches Its Fifth PE Fund
November 6, 2019

The new Brookfield Capital Partners V reached total equity commitments of $9 billion, according to Brookfield Asset Management. The company released a statement this week outlining the goals of the private…

https://dailyalts.com/wp-content/uploads/2019/11/57e1d0424b56a514ea898579ce203e7c1d22dfe05452714c712c72d6_640.jpg
MBK Partners Eyes $6 Billion Buyout Fund
November 6, 2019

MBK Partners aims to raise up to $6 billion for a new buyout fund. The firm – operated by ex-Carlyle Group executives – could reach its first close by the…

https://dailyalts.com/wp-content/uploads/2019/11/29325362993_0a2c521d6c_b-e1573044921466.jpg
Will Walgreens Shatter the Private Equity LBO Record?
November 6, 2019

KKR and other PE Firms are Eyeing the Pharmacy Benefits Giant Walgreen Boots Alliance is talking to private equity firms about going private. CNBC reports that KKR is one of…

Scroll to Top