Private Equity

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: Warburg Pincus Gives Green Light to Deal for SOC Telemed

July 31, 2020

Telemedicine Poised for Growth.  Leading acute care telemedicine provider SOC Telemed announced that it will partner with private equity firms Warburg Pincus and Shulman Ventures amid a fast-growing climate for the telemedicine space.  Following this agreement, CEO Paul Ricci — also advisor of Warburg Pincus — will step down.  SOC’s management team will consist of…

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More Stories on Private Equity

Private Equity: Covid-19 Ignites PE’s Dry Powder

July 30, 2020

Hundreds of Billions in New Capital Earmarked for Investments.  Despite many businesses closing down due to the COVID-19 pandemic, private equity is taking advantage of new opportunities.  The industry is looking to rebuild the economy and adapt to the New Normal in ways that are expected to enahance gains, inclding further investments in existing portfolio…

Private Equity: Healthcare Firm Edifecs Lands PE Deal

July 29, 2020

Private equity firms TA Associates and Francsico Partners announced that they will complete a deal with healthcare software company Edifecs.  CEO of Edifecs Sunny Singh intends to lead the company through a transformation.  The healthcare industry is quickly changing with the help of the technology sector.  According to Singh, “Today’s healthcare industry is in a…

CrossFit Builds Muscle with Berkshire PE Investment

July 28, 2020

Eric Roza Teams with Berkshire.  Berkshire Partners announced that it will partner with Eric Roza to buy CrossFit.  CrossFit, a leading health and fitness brand, begain in a garage 20 years ago in California and now serves millions of people in their fitness endeavors.  The company has about 14,000 gyms around the world.   According to…

Private Equity in Focus: Retirement Plans Would Benefit From PE

July 28, 2020

SEC Chairman Clayton is an advocate.  Private equity may soon become a part of retirement plans in America.  Several Trump administration officials are in favor of allowing individual investors to invest in private equity through their 401(k) plans.  SEC chairman Jay Clayton is one of these advocates.  Officials contend that this move can expedite American…

Nuveen Expanding Impact Investing Initiatives

July 27, 2020

The Impact Investing community is buzzing over Nuveen’s continued build out of its impact investing focus.  Rekha Unnithan, who joined the firm in 2012 with the intention of investing in solving societal issues, says “Impact investing is now all of a sudden having its moment…It’s cool now and is getting a lot more attention. We…

Private Equity Eyes Cannabis Investments

July 24, 2020

Pandemic and Cannabis Stock Declines Create Opportunity.  As a result of the COVID-19 global pandemic, investors are uncertain how their portfolios will evolve as we move further into 2020.  With cannabis stocks having fallen in recent months, investors increasingly are looking to the cannabis industry as a potential source of dip-buying.  According to managing director…

Private Equity: PE Powerhouse One Equity Partners Completes Acquisition of Spartronics

July 23, 2020

Middle market private equity firm, One Equity Partners (OEP), has officially completed the acquisition of Spartronics.   The management team is led by CEO Paul Fraipont, who states that he looks forward to adding value to the company and growing Spartronics.  Further, the company hopes to bring more value to its customers by investing in technology. …

Private Equity: Youngkin Departs from Carlyle After 25 Years

July 23, 2020

In September, co-CEO Glenn Youngkin will step down from private equity giant The Carlyle Group.  Kewsong Lee, Youngkin’s partner and co-CEO, will take the reins as sole Carlyle CEO.   Co-founders of Carlyle, David Rubenstein and William Conway, appointed Youngkin and Lee as co-CEOs, which title Youngkin held since 2018 after being with the firm since…

Private Equity: Morrison & Foerster Expresses High Activity in Private Equity Market 

July 20, 2020

Private Equity: Morrison & Foerster Expresses High Activity in Private Equity Market  Marcia Ellis, partner and co-head of Asia private equity investments at Morrison & Foerster, analyzes the market in the region for private equity.  This is partly due to the control of the coronavirus when compared to other regions.  Ellis prefaces her analysis by…

Private Equity Deals Poised for Strong Rebound

July 16, 2020

Private Equity Poised for Robust Second Half: LDC.  Private equity firm LDC anticipates a rebound in PE over the medium and long term periods. The firm, an affiliate of Lloyds Banking Group, has backed a total of 18 investments this year.  LDC expects a spike in transactions for the second half of 2020, as well…

Julius Baer Moves Into Private Equity

July 14, 2020

Formidable PE Contender.   Julius Baer is set to launch a new division specializing in private equity, with UBS veteran Guiseppe Filippo poised to take the reins. The firm will name this division Direct Private Investments upon its roll out in October. Julius Baer Private Equity Plans The Swiss bank will have a team of investment…

Private Equity: AMC Takes PE Route to Steer Clear of Bankruptcy 

July 10, 2020

Silver Lake Group Close on AMC Deal Private equity firm, Silver Lake Group, is on the brink of making a deal with AMC Entertainment Holdings.  The American movie theater giant is suffering due to a lack of business resulting from Covid-19, and risks having to file for Chapter 11 bankruptcy.  To avoid this, Silver Lake…

Private Equity:  KKR Teams with Dan Daniel to Catapult U.S. Industrial Business 

July 9, 2020

KKR Pursues U.S. Industrial Sector Opportunities  Global investment firm KKR has announced its partnership with executive William K. Daniel.  Daniel is a former executive at Danaher Corporation — a global science and technology innovator.  This partnership will focus on acquisitions in industrial businesses.  In the long run, KKR hopes to grow businesses and improve their…

Private Equity: Global Alternertives Giant Apollo Moves Deeper Into Direct Lending

July 7, 2020

Apollo Global Management is planning a $12 billion direct lending and alternative credit fund.  The firm will utilize these funds to provide $1 billion in loans to various companies.  Abu Dhabi fund Mubadala backs this Investment along with other investors involved in the project.  Direct lending will allow investors to invest in high-quality businesses and…

Private Equity: PE Giants Genstar and TA Behind Orion-Brinker Merger

June 29, 2020

Private equity player Genstar Capital played a catalytic role in bringing about a merger of platform provider Orion Advisor Solutions with investment manager Brinker Capital to form an entity with an estimated $40 billion in managed assets.

Private Equity: Apollo Global Management Splits With ICICI Venture

June 10, 2020

Apollo Global Management is splitting away from its long-time joint venture partner ICICI Venture, a unit of ICICI Bank (IBN). Apollo will be starting its own credit investment business in India. Apollos will stop adding capital to the venture, Aion Capital Partners, and begin to look for opportunities to invest in credit opportunities independently.

Private Equity: Real Estate Firms Eye J.C. Penney

June 8, 2020

Private equity firm and Real Estate Investment Trusts are having discussions about buying J.C. Penney (NYSE:JCP) if the bankrupt retailer does not reach an agreement with creditors.

The department store filed for bankruptcy in May after the spread of the coronavirus forced the retailer to close more than 800 stores across the country. J.C. Penney had been struggling to survive for the past few years, and the virus was the final nail in its coffin.

M&A Deal News

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

June 1, 2020

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…

Liquid Alternatives

Alternative Investments: Ares Management Agrees to SEC Settlement

May 27, 2020

Ares Management (NYSE: ARES) agreed to settle a complaint from the Securities and Exchange Commission (SEC). Ares is paying a $1 million settlement to the SEC. This will resolve a complaint that Ares failed to implement and enforce policies and procedures reasonably designed to prevent the misuse of material nonpublic information.

Private Equity – Dyal Capital Partners Targets Stakes in NBA Teams

May 21, 2020

Barron’s is reporting that Dyal Capital Partners, a unit of Neuberger Berman, wants to raise $2 billion to buy minority interests of National Basketball Association teams. The NBA selected Dyal in April to form a fund to buy up minority stakes. Dyal Capital Partners has approval so far by the NBA ownership. All 30 team…

Crown Asia-Pacific Private Equity

Private Equity: Golden Gate Private Equity 13F Filings

May 19, 2020

One of the more interesting 13F filings at the deadline last week came from Golden Gate Private Equity. Located as one would expect in San Francisco, Golden Gate is a unique private equity firm that operates more like a merchant bank that a private equity fund.

Golden Gate says its investor base is comprised mainly of perpetually-oriented capital sources from around the world. When they invest in companies, they say their approach is to recapitalize, restructure, and ultimately build meaningful businesses in partnership with management over an indefinite time horizon.

Private Equity: Inside the Apollo Global 13F Filings

May 19, 2020

Private equity and alternative investments manager Apollo Global (APO) was very active in the first quarter.

The firm opened or added to 35 stocks while reducing or eliminating just 17 potions in the quarter.

We know from their conference call that they also were big buyers of high-grade corporate bonds in the quarter. According to Apollo executives, they have already sold most of those for fairly large profits, but they tend to be a longer-term holders of equity positions. They tend to take concentrated positions as 90% of the $7.5 billion public equity portfolio is in the top ten holdings.

Private Equity: KKR Unveils Its Q1 SEC Filings

May 18, 2020

Kohlberg Kravis and Roberts (NYSE: KKR) reported their public equity holdings to the SEC this week. While most of their largest positions are companies that own a controlling interest after a buyout and partial IPO, their buying and selling activities in a given quarter can provide valuable insight into their current thoughts.

iCapital Network: The Potential Benefits of Investing in Private Equity Secondaries

May 15, 2020

In this guest post from Kunal Shah and Tatiana Esipovich at iCapital Network, the authors explain how secondary funds offer the potential for diversified private equity exposure and an attractive risk profile.   By: Kunal Shah and Tatiana Esipovich The secondary private equity market comprises the buying and selling of preexisting investor commitments to private market funds….