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private equity, venture capital, fertility treatment, healthcare, merger, m&a
Interest in fertility sector has grown only recently IVF treatment and egg freezing lead the way Specialized testing also gaining popularity More women are postponing motherhood, same-sex marriage is growing increasingly common and healthcare investors have taken notice. Private equity professionals are getting educated on the fertility-services market as underlying demographic and cultural trends fuel […]
Scott Sperling, Thomas H. Lee Partners, THL, private equity
Q1 produced 586 closed & announced PE deals, down from 669 a year ago Financial sponsors are more sensitive to rising valuations Greater emphasis on recession-proofing portfolios Bracing for inevitable economic headwinds, financial sponsors are proving a little less willing to stretch on valuations as their sell-side counterparts remain eager to exit under still-favorable conditions. […]
When a group of hedge funds and debtholders were exploring an exit from Electrical Components International in May 2014, the company’s growth opportunity for a new buyer was not obvious. ECI, an international wire-harness manufacturer, relied heavily on the North American appliance industry and one customer, and it didn’t have a low-cost solution for European […]
private equity
Healthcare-related transactions played a big role in our deal awards this year. Two of our winners, for middle-market and international deals of the year, involved companies that make vitamins and all-natural cough medicine. It’s perhaps not surprising that healthcare played such a big role as it has become a major sector for private equity investing. […]
NewView Capital, Ravi Viswanathan, private equity, merger, m&a
Company: New Enterprise Associates Financial adviser: Lazard WHY THEY WON: One of the largest secondary deals of the year at $1.4 bln Navigated a host of challenges Moved out 31 companies from four older funds Attracted Goldman Sachs, Hamilton Lane and other investors Seen as a precedent-setting transaction It’s not often that you come across […]
private equity, Permira
SNAPSHOT: Company: Atrium Innovations Financial Adviser: Morgan Stanley, RBC Capital Markets, William Hood & Co. Legal Adviser: Skadden, Arps, Slate, Meagher & Flom, Stikeman Elliott WHY THEY WON: Grew revenue by 44 pct Increased Ebitda by 58 pct Sold for more than 4x initial investment Slowed M&A activity to focus on strongest brands Expanded into new […]
Vista Equity Partners, private equity, Robert Smith
SNAPSHOT Company: Marketo Financial adviser: Morgan Stanley Legal adviser: Kirkland & Ellis Lender: WHY THEY WON Marketo’s revenue jumped about 64 pct to near $400 mln EBITDA swung to positive Marketo added 800 new large, enterprise customers Sale to Adobe returned $2.5 bln net cash to Vista investors Steve Lucas, head of Marketo, remembers the […]
Cornell Capital, Ann Berry, private equity, merger, m&a, discrimination, bias, women's issues
Female GPs led only 3.1 pct of total PE transactions in 2018: PitchBook Women comprise 9.9 pct of senior roles: Preqin Women occupy 23 pct of senior positions at Vista Equity Partners Private equity is evolving. More women are coming into the industry, more women are in senior roles and LPs are paying more attention […]
As 2019 approaches, indications of change are emerging in pockets of the private equity industry, but underlying industry dynamics ought to fuel a steady level of sponsor-led dealmaking for the foreseeable future. “It just feels like Groundhog Day continues, meaning the story is really the same,” said John Dickie, co-head of private equity USA at […]
private equity, fundraising
The market for new private equity funds remains strong going into 2019, with more than $209 billion raised by buyout and mezzanine funds in the past year. Despite an active Q4, which saw $73.2 billion in fundraising, 2018 didn’t match the highs of 2017, when buyouts and mezzanine funds raised $241.6 billion. Still, LP demand […]
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