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.

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Private Equity: Triage, Treat, Shop in the Age of Coronavirus

All around the world, private equity firms are scrambling to adapt to the new environment caused by the rapid spread of the coronavirus. Many countries, especially in the developed world, have shut down large parts of their economies to halt the virus’ spread. The resulting global recession will strain companies that private equity firms own. Coronavirus and Private Equity The fact that private equity funds use a lot of leverage when buying target companies will likely exacerbate cash flow issues. Businesses will likely see cash flow decline rapidly. More than 75% of deals by PE firms in 2019 included debt multiples higher than six times earnings before interest, taxes, depreciation, and amortization (EBITDA). That level of leverage will cause problems for many portfolio companies purchased in recent years. Private equity funds in Europe and the United States are reviewing their portfolio companies to assess the damage. In many cases, portfolio companies have drawn down their credit lines to increase short term liquidity. The managers of the funds are having talks with their lenders to discuss refinancing. Debt restructuring is also on the table for portfolio companies. Other PE firms are buying back the debt of the companies in their funds….

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Preqin: Nearly 4,000 PE firms looking to raise $1 trillion globally
August 2, 2019

Preqin, a leading provider of data on alternative assets, has issued a report on private equity and venture capital trends during the second quarter of 2019.

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Private Equity in Europe: Headlines Bad, Reality Good
August 1, 2019

Investors have, over the years, gotten fed up with Europe’s forever ‘tomorrow-story.’ Disillusioned investors have pushed down valuations to attractive levels, and understandably, private equity is circling.

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Private Equity Firm KKR Snaps Up Campbell’s International Business for $2.2 billion
July 24, 2019

According to reports, private equity giant KKR has pipped Australian rival Pacific Equity Partners to the post in the race to acquire Campbell Soup’s international business including Arnott’s biscuits. The…

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PE and the ‘Stop Wall Street Looting Act of 2019′ – pros and cons for Americans
July 24, 2019

Does the private equity industry need to be reined in? A look at both sides of the coin Though the private equity industry is attracting unfavourable attention following its strident…

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Pension funds welcome Blackrock’s new “long-term private equity” strategy
July 23, 2019

LTPC is aimed at high quality companies looking for a long term source of capital. “There’s a large population of strong, stable companies with a reciprocal need for a long-term…

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Robinhood Valuation Hits $7.6 Billion after Recent Funding
July 22, 2019

Robinhood’s latest valuation of $7.6 billion is up more than a third from its 2018 valuation of $5.6 billion. Investors participating in the latest E series funding round, that raised…

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Private equity giant Trilantic North America raises $2.75 billion
July 22, 2019

Trilantic Capital Partners VI (North America) L.P. and its parallel fund named Fund VI North America said they raised $2.75 billion in the latter, closing at the hard cap limit.

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Celeb Chef Gordon Ramsay Inks PE Deal to Expand Across America
July 20, 2019

“I look at the lines outside the door,” says celebrity chef Gordon Ramsay, referring to his highly successful fish-and-chips restaurants at Las Vegas and Atlantic City. Between them, the two…

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Economic patriot and Presidential candidate Elizabeth Warren: Private equity firms are “vampires”
July 19, 2019

Democratic presidential candidate Elizabeth Warren, who inaugurated her “economic patriotism” proposal about a month ago, unveiled fresh new strategies Thursday. She proposes to rein in private equity players and roll…

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Bain Capital, Carlyle Announce Bid to Takeover Osram
July 7, 2019

Bain Capital LLC and Carlyle Group LP last week made a takeover offer for German lighting manufacturer Osram Licht AG at €35 ($39.50) a share, a premium of about 21%…

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