By Fred Crawford and Ted Bililies, AlixPartners We’ve all seen relationship triangles before — in film they make for great drama. But what about in business? If you’re a PE sponsor, one of the most critical relationships you’ll encounter is that among you, the portfolio company CEO, and the portfolio company CFO. Like all triangles, […]
Denham, like many energy GPs, eyes liquidity process for older funds; Main Post Fund II raises $700 mln; In defense of private equity’s healthcare record
By Angela Humphreys, Bass, Berry & Sims PLC Private equity has had an overwhelmingly positive impact on healthcare. But after a decade of reinvention in the industry — with no sign of letup — even those interested in finding new ways to deliver care show signs of change fatigue. In this environment, critics wedded to the status […]
Ares completes C-corp conversion; Wind Point to buy Kleinfelder Group; How lack of integration causes mergers to fail
By Gary Appelbaum, Accordion Articles on why mergers fail are ubiquitous, (cue the Google search). Each provides its own list of reasons for the historically disappointing success rate, citing issues like overestimation of synergies (cost and growth), culture clashes, inflated valuations, etc. Almost all, however, share one reason: integration failure. To a fault, these articles point […]
In an earlier PE Hub Canada feature article, Larry Kaumeyer, a CEO who grows and oversees businesses for a private equity firm, discussed the interaction between a general partner and the senior leadership of a company in the pre-acquisition period. In a second article, Kaumeyer focuses on what typically happens after a PE firm has made an investment and what he has learned as a chief executive in navigating change from a day-to-day perspective. He discusses issues in three post-acquisition areas that the CEO and senior leadership team must immediately address.
Many independent sponsors boast of having proprietary deal flow but lack capital to close deals. Buyout firms with committed funds, by contrast, have the capital. What they need is more deal flow, and many are open to teaming with independent sponsors under the right conditions. Conditions of late have been right for at least two […]
Investcorp joins hunt to buy GP minority stakes; Ankerbrandt leaves Carlyle after 11 yrs for Compass; Which emerging manager raised more than $100 mln?
Japan institution brings supersecret $1 bln-plus PE portfolio to market; Thomas H. Lee puts CSafe Global up for sale; Littlejohn Fund VI raises $2.84 bln
Zayo Group gets interest from group including Blackstone, Stonepeak; Salveo Capital invests in Harborside; Can GE shed enough assets to survive?