By Tim Mundy, Deloitte & Touche One of the biggest shifts in corporate finance since Sarbanes-Oxley is barreling toward private companies and their PE backers. We’re talking about the new revenue-recognition-accounting standard from the Financial Accounting Standards Board and International Accounting Standards Board. On Jan. 1, private companies in all industries will have to conform […]
It’s interesting to go back to my reporting on new-firm formation and find out who managed to reach final close on their first-time fundraising — and who is still out there raising. A crop of strong shops formed over the past year have blown through their fundraising and finished the marathon — a feat that seems like […]
By Helene Banks, Cahill Gordon & Reindel Tick. Tick. Tick. Tick. Many private equity investors imagine a countdown clock as they hurriedly prepare to buy or sell a business. “Time kills deals” is the cliché, and both buy- and sell-side management teams are acutely aware of the need to reach closing day in a timely […]
A big theme at Buyouts Insider’s annual PartnerConnect Midwest conference in late June was firms finding great CEOs to work with and build businesses around. Both Russell Carson of Welsh, Carson, Anderson & Stowe and Sean Cunningham, managing director with GTCR, talked about successful investments in which they partnered with great CEOs. In Welsh Carson’s case, […]
I was pretty confused recently on how a fundless sponsor could complete a fund restructuring. How does one restructure a fund that doesn’t exist? It’s like that scene in “Seinfeld” when Kramer tells Jerry, “I’m at the corner of First and First. Wait a minute. How can the same street intersect with itself? I must […]
Reshaping the healthcare market, one payer services deal at a time
When people think IT outsourcing, they think Bangalore or Hyderabad or any number of tech hubs in South Asia. But Ukraine is rapidly emerging as a leader in competitive IT services, creating new opportunities for savvy private equity investors. A.T. Kearney’s Global Services Location Index ranks Ukraine among the largest outsourcing markets worldwide. The country’s […]
I’m not used to people opening up about their feelings at private equity conferences. It’s tough to get too vulnerable in an environment of suits, mini-muffins and panels about terms and conditions and manager seeding. But that’s what happened at Buyouts Insider’s Family Office Connect event in New York last month. Suna Said, founder of Sima Capital, gave […]
By Alex Hicks, MHT Partners Not long ago, it was common to think that kids should stay away from computer or tablet screens, much the way we thought about television. Now, screens are being embraced as educational tools for younger and younger students as parents and educators begin to realize the benefits of the interactivity […]
ADIA moves to more principal investing CalSTRS focuses more on middle market, growth focused managers Largest commitment to Olympus Partners Activity in private equity hasn’t stopped despite the high-priced environment and warnings that recent vintage funds could be weak performers. At a time of sky-high prices, GPs are raising money at a pace they did […]