piotrk
U.S.-based financial sponsors kept up a strong pace of exiting via M&A during the first three months of the new year. But buyout-backed IPOs fell sharply in the first quarter as public equity markets cooled.
Canadian private equity investment firm Onex Corp said it would sell The Warranty Group, a provider of extended warranty contracts, to an affiliate of TPG Capital for an enterprise value of about $1.5 billion.
The Riverside Company has a definite type of deal that it likes. And back in 2009, the lower-mid-market buyout shop took a shine to Capol GmbH, whose polishing and anti-sticking agents are used to make such products as jellybeans, gummy bears and aspirin.
The U.S. auto industry was hit particularly hard by the Great Recession, but that didn’t stop SunTx Capital Partners from scoring a big gain on an auto supplier during a 7.5-year holding period.
In their first annual report “Navigating the headwinds: 2014 global private equity survey,” EY and PEI found that the largest regulatory change expected to impact the private equity industry is the implementation of FACTA by the US government, with 55 and 41 percent of CFOs believing that it will either have a high impact or medium impact, respectively.
Driven by a bull market for public stocks and record distribution activity, the average high secondary bid for all funds increased to 89 percent of NAV in the second half of 2013.
In their report “Secondary Market Trends & Outlook, January 2014,” Cogent Partners found that one significant trend in the secondary market in 2013 was the emergence of GP-sponsored transactions.
The Canada Pension Plan Investment Board (CPPIB), one of the world’s biggest pension funds, notched another quarter of strong returns but its chief executive officer said he wishes the fund had been more aggressive when prices were cheap, sister news service Reuters reported.
The vast majority of LPs continue to use a GP’s website as a primary source of online research when determining who to make fund commitments with.
Sun Life Financial Inc has launched an asset management business to provide private asset class pooled funds for pension plans and other institutional investors looking to boost yield with alternative investments like real estate, sister news service Reuters reported.