Steve Bills
Top military leaders may not have a lot of experience in constructing financial deals, but their leadership skills and strategic thinking abilities could be valuable assets for U.S. buyout shops, executive recruiters say.
The recovery from the financial crisis has not been kind to providers of mezzanine debt. Providers of such junior credit have seen themselves largely pushed to the sidelines during the past four years, as borrowers, and the sponsors behind them, took advantage of less costly financing.
Buyout pros pride themselves on their ability not only to do deals and build companies but also to exit their investments in an efficient, profitable manner. Jerry L. Mills suggests they might find it beneficial to offer some of that expertise to small businesses that could become deals for them in years to come. Mills, […]
The dividend recapitalization may be one of the most controversial techniques of realizing returns in the buyouts business, loading a portfolio company with fresh debt to pay off investors, but Ted Thorp, co-head of the leveraged finance group at ORIX USA Corp., thinks recaps are a useful tool in the sponsor’s toolkit. They just need […]
U.S. North American buyout shops raised $1.9 billion in investor commitments in early June, bringing the total for the year to $39.6 billion for buyout and mezzanine funds. At this point last year, firms had raised $74.5 billion.
With the economy showing consistent signs of growth and government officials signaling a possible end to the policy of super-low interest rates, markets have responded with a series of nervous twitches that could mean higher costs for leveraged finance sooner rather than later.
Bain Capital LLC is returning to the credit market just a year after raising $3.5 billion there in 2012.
When Fidelity National Financial Inc made its $2.9 billion bid to acquire Lender Processing Services in May, it was almost like getting the old band back together again.
Ever since the JOBS Act passed, enabling buyout shops to market their funds beyond a closed circle of accredited investors, we’ve been watching for the emergence of a service provider to verify that an investor who claims to be accredited to invest in your fund actually is so.
U.S. buyout shops closed on $543 million in commitments in the latter part of May, bringing the total raised so far in 2013 to $37.8 billion in buyout and mezzanine commitments. At this point last year, firms had raised $66.4 billion.