NEWS & RESEARCH

  • Europe’s 50 Most Influential People in Private Equity

    PEN Editorial - Private Equity News


    The inaugural 50 Most Influential in European Private-Equity list is Financial News’ and Private Equity News’ pick of the top deal-makers, investors, business leaders and advisers shaping the buyout market. From eye-catching investments and lucrative exits to multi-billion euro fundraisings, all 50 senior executives have been key private-equity influencers in the region over the past 18 months. Selected from a long list of almost 200 nominees, the final 50 stand out for their influence and firepower within their individual firms and the wider European market, as well as their track records—particularly in the past year. The list is not ranked. Editors: Juliette Pearse and Esther Spaarwater. Research and writing: Claire Coe Smith, William Louch, Esther Spaarwater, Juliette Pearse, Joice Alves, Ed Ballard. Illustrations by Danilo Agutoli.
    [Read More]

  • Nikkei dragged down by Wall St sell-off, Japan Q3 GDP contraction

    Daniel Leussink - Reuters


    TOKYO, Dec 10 (Reuters) - Japan’s Nikkei fell on Monday, tracking a sharp sell-off on Wall Street on renewed Sino-U.S. trade tensions and a deeper-than-expected contraction in the Japanese economy in the third quarter.
    [Read More]

  • NBFC crisis was a reality check: Avendus’s Ritesh Chandra

    Swaraj Singh Dhanjal - Livemint


    Ritesh Chandra, managing partner at Avendus Future Leaders Fund, talks about the impact of the liquidity crisis in the non-banking financial company (NBFC) and housing finance company (HFC) space, and how the sector might witness some consolidation led by private equity (PE) investors. He also talked about the major trends shaping the consumer sector. Edited excerpts:
    [Read More]

  • Cerberus Capital to set up India office, hires ex.AION executive

    Reghu Balakrishnan - The Economic Times


    MUMBAI: Global private equity and distress assets investor Cerberus Capital is set to enter India as it seeks to tap the mounting opportunities in domestic stress assets space. Cerberus is in the process of setting up its office in Mumbai with senior-level hirings.
    [Read More]

  • Motilal Oswal real estate invests Rs 300 cr in 3 projects

    Kailash Babar - The Economic Times


    MUMBAI: Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal OswalNSE -1.83 % Group, has invested more than Rs 300 crore across three transactions with realty developers in Mumbai, Pune and Chennai through two of its funds.
    [Read More]

  • Goldman Sachs's India CEO Expects Merger Rush to Extend in 2019

    Anto Antony and Candice Zachariahs - Bloomberg


    In a record year for India deals, the rock n’ roll loving leader of Goldman Sachs Group Inc.’s local unit helped broker some of the biggest transactions as Walmart Inc., ArcelorMittal and Berkshire Hathaway Inc. joined a buying spree in the country. Next year will be at least as busy, he says.
    [Read More]

  • Chief of Japan's state-backed JIC resigns amid pay dispute

    Junko Fujita - Reuters


    TOKYO (Reuters) - The head of the stated-backed $18 billion Japan Investment Corp (JIC), Masaaki Tanaka, said on Monday he and eight other board members would resign citing distrust of the trade ministry after a dispute over their pay.
    [Read More]

  • Sailing Capital Seeks $1.5 Billion for Second PE Fund

    Vinicy Chan - Bloomberg


    Sailing Capital, a Chinese private equity firm targeting overseas investments, is seeking to raise the equivalent of about $1.5 billion for its second fund, according to people with knowledge of the matter.
    [Read More]

  • Exclusive: Activist investor Elliott has stake in Germany's Bayer - sources

    Arno Schuetze and Greg Roumeliotis - Reuters


    FRANKFURT/NEW YORK (Reuters) - Activist investor Elliott has taken a position in Germany’s Bayer, adding to the slew of investments the fund has made in German companies, three people familiar with the matter told Reuters on Friday.
    [Read More]

  • Aberdeen Standard Seeks $500 Million for Latest Secondary Fund

    Laura Kreutzer - Private Equity News


    Aberdeen Standard Investments has hit the fundraising trail with a new secondary offering, according to documents posted by the San Bernardino County Employees’ Retirement Association.
    [Read More]

  • Kenya's Ascent Capital looks to raise $120 mln for second fund

    Omar Mohammed - Reuters


    NAIROBI, Dec 7 (Reuters) - Ascent Capital, a Kenyan private equity firm, is looking to raise $120-150 million in its second round of funding for investment in Rwandan and Tanzanian firms, it said on Friday.
    [Read More]

  • Actis Seeks to Gain From Abraaj’s Pain With New Expansion Plan

    William Louch - Private Equity News


    Emerging-markets investor Actis is planning a dramatic expansion as part of its bid to take over more than $2 billion of assets from fallen rival Abraaj Group.
    [Read More]

  • Baring Private Equity to invest $904 million in Japan's Pioneer

    Reuters


    TOKYO, Dec 7 (Reuters) - Japanese audio systems maker Pioneer Corp said on Friday buyout firm Baring Private Equity Asia has agreed to invest 102 billion yen ($904 million) in the company to restore its financial health.
    [Read More]

  • Buyout Firms Tell U.K.: No-Deal Brexit Means No Deals

    Sarah Syed - Bloomberg


    In a meeting at No. 10 Downing Street this week, a dozen executives from global private equity firms expressed concern about the prospect of a no-deal Brexit and their reluctance to boost investments in the U.K. amid the ensuing tumult, people familiar with the discussion said.
    [Read More]

  • Breakingviews - Mike Bloomberg can learn from Thomson Reuters

    Tom Buerkle - Reuters


    NEW YORK (Reuters Breakingviews) - Mike Bloomberg said on Tuesday that he has “a lot of experience” that would be useful if he were president of the United States. Appearing in Iowa, the U.S. state that kicks off the quadrennial primary season, he added that he’d try to sell his financial-data empire if he wins the 2020 presidential race. Lucky for him, money is plentiful for a buyout that could be valued at $40 billion. And there’s a recent deal that could provide a blueprint: the sale of Refinitiv to Blackstone by Breakingviews parent Thomson Reuters.
    [Read More]

  • PE VC investments in Jan-Nov 2018 at $27 billion

    M. Sriram - Livemint


    Mumbai: Private equity (PE) and venture capital (VC) investments from January to November 2018 touched $27 billion, surpassing the record high of $26.1 billion in 2017, according to a report by consulting firm EY. November 2018 recorded $1.6 billion in PE-VC investments, 33% lower compared to the corresponding same month of 2017, and 49% lower than October. The fall in deal value was primarily due to lack of large deals ($100 million-plus), shows EY’s Private Equity Monthly Deal Tracker.
    [Read More]

  • PE veteran Ajay Relan’s Xponentia to invest in pilot training centre FSTC

    Swaraj Singh Dhanjal - Livemint


    Mumbai: Private equity veteran Ajay Relan’s new fund, Xponentia Capital Partners, which invests in mid-market growth companies, is in talks to invest $10 million in pilot training institute Flight Simulation Technique Centre (FSTC), said two people aware of the development.
    [Read More]

  • Exclusive: Blackstone plans IPO of U.S. benefits manager Alight - sources

    David French and Joshua Franklin - Reuters


    (Reuters) - Private equity firm Blackstone Group LP (BX.N) is readying an initial public offering (IPO) of Alight Solutions LLC, a U.S. provider of healthcare and retirement benefits services that could be valued at more than $7 billion, including debt, according to people familiar with the matter.
    [Read More]

  • Equity preferred asset class among HNIs in FY18

    The Economic Times


    Owning to the decent performance of the domestic stock market in FY18, equity emerged as one of the preferred asset classes among super rich investors. On the other hand, the traditional bank deposits grew at much lesser single-digit rate during the previous financial year, according Karvy Private Wealth Report 2018.
    [Read More]

  • Ascent Capital Seeks $120 Million for East Africa Businesses

    David Herbling - Bloomberg


    Ascent Capital Africa plans to raise $120 million for its second fund that will invest in mid-sized companies across East Africa, where domestic demand is expanding.
    [Read More]

  • Lone Star appoints Ambrish Singh as India head

    M. Sriram and Deborshi Chaki - Livemint


    Mumbai: US’s private equity and distressed assets investor Lone Star Funds, which manages more than $45 billion in assets, has appointed Ambrish Singh, former Bank of America Merrill Lynch (BofAML) executive, as the head of its India operations, said two people directly aware of the development, requesting anonymity.
    [Read More]

  • The Bigger, the Better When It Comes to Fund Reporting

    Laura Kreutzer - Private Equity News


    Large limited partners have long used their deep pockets to secure lower management fees and other favorable terms from the private-equity firms they back. They also appear to get better information, according to new research conducted by eFront, a provider of fund-administration software and services.
    [Read More]

  • One Equity Backs Inside Secure Deal to Acquire Verimatrix

    WSJ Pro Staff - Private Equity News


    Publicly traded Inside Secure SA is acquiring fellow digital-security company Verimatrix Inc. in a roughly $152 million deal backed by private-equity firm One Equity Partners.
    [Read More]

  • KKR leads $100 million investment round in Cross River Bank

    Anna Irrera - Reuters


    NEW YORK (Reuters) - Private equity firm KKR & Co Inc (KKR.N) has led a $100 million investment in Cross River Bank, a community bank that powers some of the most well known financial technology startups in the United States, the companies said on Thursday.
    [Read More]

  • Why Transparency Literally Pays Off

    Julie Segal - Private Banker International


    Asset managers with deeper access to information negotiate more favorable deals in private markets and ultimately deliver higher returns. But new research finds that this information advantage also applies to investors in private funds.
    [Read More]

  • Private equity, venture capital firms strengthen teams after losing talent

    Ranju Sarkar - Business standard


    Private equity (PE) and venture capital (VC) firms are strengthening their teams by inducting partners who could add value to the investee companies or elevating people with good track-record on exits.
    [Read More]

  • NYC comptroller names new head of private equity investments

    ROBERT STEYER - Pensions & Investments


    J. David Enriquez has been promoted to head of private equity at the bureau of asset management, which manages investments for the New York City Retirement Systems.
    [Read More]

  • One Group’s Quest to Mitigate Emerging Markets Currency Risk

    Luis Garcia - Private Equity News


    A group of organizations focused on emerging markets has proposed a new way to manage currency risk, but they will need to find a partner if they want more private-equity investors to adopt the idea.
    [Read More]

  • UPDATE 2-NZ's Trade Me gets second, higher buyout offer for $1.8 bln

    Charlotte Greenfield - Reuters


    WELLINGTON, Dec 5 (Reuters) - New Zealand’s top online marketplace Trade Me Group said it has received a NZ$2.56 billion ($1.8 billion) buyout proposal from a U.S. private-equity firm, trumping a rival offer and setting the stage for a possible bidding war.
    [Read More]

  • Private equity investors revamping portfolios in anticipation of slowdown – survey

    ARLEEN JACOBIUS - Pensions & Investments


    Some 53% of private equity investors are adjusting their portfolios for the next economic downturn, according to Coller Capital's Global PE Barometer Winter 2018-2019, the latest of the alternative investment manager's semiannual limited partner surveys.
    [Read More]

  • New Zealand's Trade Me gets second, higher buyout offer for $1.8 billion

    Charlotte Greenfield - Reuters


    WELLINGTON (Reuters) - New Zealand’s top online marketplace Trade Me Group (TME.NZ) said it has received a NZ$2.56 billion ($1.8 billion) buyout proposal from a U.S. private-equity firm, trumping a rival offer and setting the stage for a possible bidding war.
    [Read More]

  • Investcorp plans to expand IDFC’s real estate, PE business

    Swaraj Singh Dhanjal - Livemint


    Mumbai: Bahrain-based global alternate assets manager Investcorp will initially focus on growing the private equity and real estate lending practices of IDFC Alternatives platform that the firm is in the process of acquiring, a senior Investcorp executive said.
    [Read More]

  • Mike Bloomberg says he'd try to sell Bloomberg LP if he becomes president, but finding a buyer wouldn't be easy

    Alex Sherman - CNBC


    Mike Bloomberg said Tuesday in a Radio Iowa interview that he will probably try to sell Bloomberg LP if becomes president in 2020.
    [Read More]

  • Chinese startups draw more money than U.S. firms in first half – report

    ARLEEN JACOBIUS - Pensions & Investments


    Early stage companies in China for the first time since 2010 received more venture capital financing in the first half of 2018 than new companies in the U.S., according to a study by Preqin and INSEAD Global Private Equity Initiative.
    [Read More]

  • Ardian Seeks €6 Billion for Latest European Buyout Fund

    William Louch - Private Equity News


    Paris firm Ardian is targeting €6 billion ($6.81 billion) for its latest flagship buyout fund, said people familiar with the matter, as the European fundraising market shows no signs of slowing.
    [Read More]

  • Ernst & Young appoints global leader of private equity

    JAMES COMTOIS - Pensions & Investments


    Andres Saenz was named global private equity leader at Ernst & Young, spokeswoman Allison Devaney confirmed in an email.
    [Read More]

  • TPG Seeks Up to $3.5 Billion for Second Impact Fund

    Laura Kreutzer - Private Equity News


    TPG has returned to market with its second impact fund, according to an investment memorandum disclosed by the New Jersey State Investment Council, which considered committing up to $125 million to the fund during its Nov. 29 meeting.
    [Read More]

  • Buyout Firms Will Make the Next Downturn Worse, Moody’s Says

    Christine Idzelis - Institutional Investor


    The pool of private-equity-owned companies with weak credit ratings is swelling to an “alarming” level, posing an elevated risk of default when conditions in debt markets deteriorate, according to Moody’s Investors Service.
    [Read More]

  • Celebrities Are Upending the $52bn Beauty Industry

    Jaewon Kang - Private Equity News


    The beauty-products industry is undergoing a makeover as cosmetics giants struggle to keep up with the changing demands of young shoppers who are turning to independent brands to brighten their look.
    [Read More]

  • Push to Private: IPOs Take a Back Seat in Europe

    Lina Saigol - Private Equity News


    Companies in Europe are pulling their plans to list shares at the fastest rate in seven years, citing weak markets and poor appetite among investors for new issues. The trend is playing out against a steady decline in the number of new listings in Europe altogether, as the rise of private capital offers companies and their owners an alternative to an initial public offering.
    [Read More]

  • Deal Drought Caps Testing Year For Middle East Funds

    Ben Edwards - Private Equity News


    It has been far from a vintage year for Middle East private-equity firms. A brittle economic backdrop, ongoing geopolitical tensions and the collapse of the region’s biggest financial sponsor Abraaj Group has dampened the appetite for dealmaking, with the number of completed private-equity transactions languishing at a 10-year low.
    [Read More]

  • NIIT Tech approaches private equity funds as promoters look to exit

    Indulal PM and Arijit Barman - The Economic Times


    The sale process for NIIT TechnologiesNSE 0.89 % has gathered momentum with Bain Capital, Blackstone, Carlyle, Apax Partners and Advent among private equity funds that have been sounded out, said people with knowledge of the matter. The founder-promoters are looking to exit the company, they said.
    [Read More]

  • Private equity firms raising successor funds at a faster rate: report

    Swaraj Singh Dhanjal - Livemint


    Private equity firms are raising successive funds at a faster rate as they look to take advantage of institutional investors’ liquidity and appetite, and gather as much capital as possible, said global alternate asset data tracker Preqin.
    [Read More]

  • Nordic Listings Trend Shifts as Buyouts Now Outnumber IPOs

    Hanna Hoikkala and Niklas Magnusson - Bloomberg


    The number of exits from Nasdaq Inc.’s Nordic main markets now outnumber initial public offerings for the first time in at least five years, adding to signs of a slowdown in listings activity.
    [Read More]

  • RPC ends merger talks with Bain, gives Apollo more time to offer

    Reuters


    (Reuters) - RPC Group Plc (RPC.L) said on Monday it had ended talks on a takeover with U.S. private equity firm Bain Capital, leaving Apollo Global Management (APO.N) in the lead to buy Europe’s biggest plastics packager and sending its shares lower.
    [Read More]

  • L Catterton Asia Backs Chinese Fitness Chain

    WSJ Pro Private Equity - Private Equity News


    L Catterton Asia, the Asia-focused unit of consumer private-equity investor L Catterton, invested in Will's Group, a Chinese provider of membership-based fitness facilities and services.
    [Read More]

  • CFA report documents trend to private markets

    SOPHIE BAKER - Pensions & Investments


    Companies are staying private longer and raising more capital privately than in the past as investors shift to private markets from public, a report by the CFA Institute shows.
    [Read More]

  • NEA’s Secondary-Fund Spinoff Closes on $1.35 Billion

    Tomio Geron - Private Equity News


    NewView Capital, the secondary firm spun out of New Enterprise Associates, has closed on $1.35 billion raised for its first fund, as NEA unwinds its stakes in multiple portfolio companies.
    [Read More]

  • Swedish private equity firm EQT appoints new CEO

    Reuters


    STOCKHOLM, Dec 3 (Reuters) - Sweden’s EQT, one of Europe’s largest private equity firms, said on Monday it had appointed Christian Sinding as its new managing partner and CEO.
    [Read More]

  • Global private equity managers are ready to double down on their African investments

    Abdi Latif Dahir - Quartz Africa


    Global private equity investors remained bullish on their prospects in Africa in 2018, promising to increase their allocations and doubling down on their decade-long plans, a new study shows.
    [Read More]

  • EQT’s Thomas Von Koch Steps Down as CEO

    William Louch - Private Equity News


    Swedish private-equity firm EQT has appointed Christian Sinding as chief executive officer and managing partner as it considers expansion plans including a potential public listing.
    [Read More]

  • KKR, Blackstone Lose Bid to Dismiss Kentucky Pension Lawsuit

    Neil Weinberg - Bloomberg


    KKR & Co., Blackstone Group LP and their founders must face a lawsuit alleging they failed to deliver hedge fund returns as advertised, a judge in Kentucky ruled Friday in a decision that may present new legal challenges for managers of alternative investments.
    [Read More]

  • Investors Rev Up the Risk in Subprime Auto Deals

    Ben Eisen - The Wall Street Journal


    Investors are gobbling up auto loans extended to the riskiest borrowers, looking past market warning signs as they reach further for returns.
    [Read More]