PRIVATE EQUITY FIRMS Accelerator Corp, a life science investment and management firm, named Kendall Mohler chief development officer and Ian Howes chief financial officer. Mohler had been senior vice president of research at Juno Therapeutics while Howes was CFO of Heart Metabolics. Bain Capital: Harvard Management’s real estate team of about 20 professionals agreed to spin out and join Bain Capital Real Estate, […]
U.S.-based buyout and mezzanine fundraising marches toward its year-end charge. Since Buyouts last went to press, private equity firms added $13.9 billion on top of its yearly total. Thus far in 2017, $215.3 billion has been raised, leading this time a year ago by $32.2 billion, or 17.6 percent. TPG Capital closed its fourth growth […]
Across 2016, Public Employees Retirement Association of Colorado raked in more than $749 million in distributions. Genstar Capital, Blackstone Group and JLL Partners were at the forefront of the windfall. Genstar’s sixth flagship, a 2012 vintage fund, had the strongest individual 2016 for Colorado, producing $58 million. Blackstone Capital Partners V churned out $37.2 million over the period. JLL […]
Here are the key statistics in private equity fundraising, deals and exits for the fourth quarter of 2017. Download the “Buyouts Insider Q4 2017 Highlights” slideshow as a PowerPoint: Buyouts Insider Q4 2017 Highlights
Download the year-to-date league tables through Q4 2017 for financial and legal advisers: Q4 2017 Financial Advisor League Tables Q4 2017 Legal Advisor League Tables
According to Coller Capital’s latest PE Barometer, limited partners are looking to expand their private equity portfolios. Overall, 40 percent of LPs said they’d widen the number of managers and half said they’d be bumping up individual commitment sizes in the next three years.
Chart of the Week: Domestic corporations, foreign entrepreneurs seen as best investment opportunities
Over the next two years, 72 percent of investors say corporate disposals and spinoffs represent the best opportunities in North America. Conversely, entrepreneurs are expected to provide the top investment sources in Europe (according to 67 percent of LPs) and Asia (74 percent).
Fourth-quarter M&A exit activity overshadowed the year’s first three quarters in value. Overall, 124 U.S.-based PE-backed exits totaled just over $38 billion in Q4 2017 — the highest quarterly value in more than six years. There’s still room for growth, as the numbers are current through Dec. 11. This year’s total value and volume are the […]
U.S.-based buyout and mezzanine fundraising picked right back up, piling $8.8 billion on top of its 2017 total. Thus far in 2017, private equity firms have raised $201.4 billion, leading this time a year ago by $24.6 billion, or 13.9 percent. Athyrium Capital Management, focused on the global healthcare sector, wrapped up its third flagship. […]
PRIVATE EQUITY FIRMS Adams Street Partners opened an office in Seoul and Chris Cho, who is joining the firm as a principal, will lead the new office. Bridge Growth Partners named Steve Pusey London-based senior adviser. Pusey is former chief technology officer at Vodafone Group. Constant Energy Capital named Jubran Whalan a managing director. Whalan is a former managing director of global structured products at BP. […]
According to Pitchbook’s latest U.S. private equity breakdown, firms are conducting fewer LBOs at higher prices. Through three quarters, 2017’s median buyout size is $200 million, almost doubling the $101.8 million from a year ago.
Pitchbook’s data shows valuations remained high as ever, leveling off from last year’s 10.5x. But 2017’s debt-to-equity multiple of EBITDA rose. Through Q3, the 5.8x debt/EBITDA level reached its highest in more than 10 years.
U.S.-based buyout and mezzanine fundraising hit a lull, bringing in only $269 million since Buyouts last went to press. Thus far in 2017, private equity firms raised $192.7 billion, leading this time a year ago by $24.4 billion, or 14.5 percent. Arrowroot Capital Management, the Santa Monica, California, growth equity firm focused on software companies in the […]
The Nebraska Investment Council harvests big returns for the state. The overall pension reaps an IRR of 11.1 percent. Overall, CVC Capital Partners, Wayzata Investment Partners and Ares Management boast the highest grossing funds from the active private equity portfolio. In terms of pure returns, CVC’s fifth European fund from 2008 has been the most […]
According to Buyouts’ 2018-2019 Partnership Agreements Study, cash funneled in from individual team members is the most common way general partners fund their contributions. While respondents could pick more than one answer, the majority of each asset class landed there, including an overwhelming 94 percent of mezzanine and infrastructure firms.
The upcoming 2018-2019 Buyouts Partnership Agreements Study shows general partner contributions mostly land in the window of 1.1 to 5 percent. Of the seven asset classes surveyed in the study, six had its majority share covered in that range.
PRIVATE EQUITY FIRMS Advent International hired Raul Alvarez as an operating partner. Alvarez is a former president and chief operating officer at McDonald’s. BioScience Managers Ltd, the Melbourne, Australia, healthcare investment firm, appointed Michael Perry as a director, Dennis Purcell as a director and senior expert adviser and Nicole Vitullo as an independent director. Perry was senior vice president and chief scientific officer (business development and […]
U.S.-based buyout and mezzanine fundraising brought in $6.1 billion since Buyouts last went to press. Thus far in 2017, private equity firms raised $192.4 billion, leading this time a year ago by $29.9 billion, or 18.4 percent. Glendon Capital Management held the major close over the past two weeks. The Santa Monica, California, shop held the final […]