Mon.Oct 30, 2023

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AI innovation and disruption in M&A

PE Hub

Within the broad field of AI, there is a crucial distinction between traditional AI and generative AI. The post AI innovation and disruption in M&A appeared first on PE Hub.

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Investment bank cash flow strategies that balance origination & execution

Private Equity Info

Struggling to balance deal execution efforts and sell-side deal origination? Improve cash flow by following this guide from a senior M&A executive.

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Trending Sources

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Searchlight invests in Mainstream Fiber Networks

PE Hub

Latham & Watkins served as legal counsel to Searchlight on the deal. The post Searchlight invests in Mainstream Fiber Networks appeared first on PE Hub.

Legal 224
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Ares Management Corporation Closes $6.6bn Pathfinder Fund II

Private Equity Insights

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles, “Pathfinder II” or the “Fund”) at $6.6bn in commitments. The Fund was oversubscribed and closed at its hard cap, which exceeded its $5bn target and was approximately 80 percent larger than the predecessor fund which had total commitments of $3.7bn.

Funds 147
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Entergy to sell its gas distribution business to Bernhard Capital for about $484m

PE Hub

Headquartered in New Orleans, Entergy is a power and electricity provider to companies in Arkansas, Louisiana, Mississippi and Texas. The post Entergy to sell its gas distribution business to Bernhard Capital for about $484m appeared first on PE Hub.

Capital 206
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Carlyle Explores $400m Sale of Men’s Grooming Brand Every Man Jack

Private Equity Insights

Carlyle Group is preparing to explore a sale of Every Man Jack, a men’s personal-care company that could be worth around $400m, according to people familiar with the matter. Carlyle, a private-equity firm, has been interviewing investment banks to hire a financial advisor that will run a sale process for Every Man Jack, the sources said, cautioning that no deal is certain.

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MidEuropa Sells Profi to Ahold Delhaize for €1.8bn

Private Equity Insights

MidEuropa, a leading European private equity investor with deep roots in Central Europe , today announces that it has entered into an agreement to sell Profi Rom Food (“Profi” or the “Company”), one of Romania’s major food retailers, to Ahold Delhaize for an Enterprise Value of approximately € 1.3bn pre-IFRS16 (€ 1.8bn post-IFRS 16). Profi is Romania’s leading convenience and proximity supermarket chain offering high-quality local products to people across the country’s cities and countr

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Garnett Station-backed ARB completes take-private buyout of Fiesta Restaurant Group

PE Hub

According to terms of the agreement, Fiesta stockholders will receive $8.50 per share in cash. The post Garnett Station-backed ARB completes take-private buyout of Fiesta Restaurant Group appeared first on PE Hub.

Buyout 153
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Advent-Backed Color Image Apparel Could Reach $10bn Valuation

Private Equity Insights

Advent International-backed Alo Yoga’s parent company is exploring a potential investment that could value the U.S. maker of celebrity-donned workout clothes at about $10bn, according to people familiar with the matter. The deal deliberations come as the privately held company makes strides in winning young consumers away from bigger brands such as Lululemon Athletica and Nike, often thanks to savvy marketing using internet influencers.

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Ares Management racks up $6.6bn for second alternative credit fund Pathfinder II

PE Hub

Pathfinder II was approximately 80 percent larger than the predecessor fund, which had total commitments of $3.7 billion. The post Ares Management racks up $6.6bn for second alternative credit fund Pathfinder II appeared first on PE Hub.

Funds 152
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Everstone Capital to Sell Everlife Holdings for Up to $1bn

Private Equity Insights

Singapore-headquartered private equity firm Everstone Capital has hired BDA Partners to run a sale of Everlife Holdings that could value the healthcare services company at up to $1bn, two sources with knowledge of the matter said. Non-binding offers for Everlife, which offers products and solutions to clinical and scientific laboratories in South and Southeast Asia, are due mid-November, with a deal expected to be wrapped up by the first half of 2024, the sources said.

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Blue Owl Capital to buy Cowen Healthcare Investments from CIM

PE Hub

The deal is expected to close in the fourth quarter of this year. The post Blue Owl Capital to buy Cowen Healthcare Investments from CIM appeared first on PE Hub.

Capital 159
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Brynwood Partners Closes Largest Fund at $750m

Private Equity Insights

Brynwood Partners, a private equity firm focused on control investments in consumer product businesses, closed its ninth fund, Brynwood Partners IX L.P., with over $750m of committed capital. With a diverse group of investors including pension funds, insurance companies, fund-of-funds, endowments, foundations, and family offices, Brynwood IX is the largest fund in Brynwood’s 39-year history. “We have been humbled by the support from our existing and new limited partners in one of t

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Aterian closes continuation $460m fund for Vander-Bend Manufacturing

PE Hub

Aterian Opportunities II will be used to buy Vander-Bend Manufacturing Inc from Aterian Investment Partners II. The post Aterian closes continuation $460m fund for Vander-Bend Manufacturing appeared first on PE Hub.

Funds 150
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MISTAKE MONDAY for October 30: Can YOU spot what’s wrong?

Investment Writing

Can you spot what’s wrong in the image below? Please post your answer as a comment. Oops, someone didn’t proofread this survey carefully. I post these challenges to raise awareness of the importance of proofreading. The post MISTAKE MONDAY for October 30: Can YOU spot what’s wrong? appeared first on Susan Weiner Investment Writing.

Investing 104
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KKR to invest $400m in Malaysian telecom cable services provider OMS Group

PE Hub

The transaction is expected to close by the first quarter of 2024. The post KKR to invest $400m in Malaysian telecom cable services provider OMS Group appeared first on PE Hub.

Investing 146
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Bubble Risk in City Property Markets?

The Big Picture

Buoyed by low interest rates for the last decade, many property markets have seen substantial price growth since 2010. Experts warned that real estate bubbles—in which the price of assets moved up far beyond their intrinsic value—were forming. The UBS Global Real Estate Bubble Index analyzes the real estate market of 25 major cities across the globe and assigns them a score between -0.5 to 2.0 to convey bubble risk.

Assets 104
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Trilantic North America-backed OLS acquires landscape supplies provider Apache Stone

PE Hub

Apache was a subsidiary of Halquist Stone Company. The post Trilantic North America-backed OLS acquires landscape supplies provider Apache Stone appeared first on PE Hub.

Companies 149
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AltAssets private equity deal roundup – October 30, 2023

AltAssets

European investor Oakley Capital has agreed to acquire a majority stake in Alerce, a Spanish provider of transport and logistics software solutions. Alerce provides transport management software to Spanish courier, carrier and haulage businesses operating in the “less-than-truckload” market. Previous Iberian investments from Oakley include vLex, Idealista, Seedtag, Grupo Primavera (Cegid) and several higher education […] The post AltAssets private equity deal roundup – October 30, 2023 fir

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Arcadea Group acquires majority stake in Europe’s Becosoft

PE Hub

Becosoft is a Temse, Belgium-based provider of POS and ERP solutions for retailers and wholesalers. The post Arcadea Group acquires majority stake in Europe’s Becosoft appeared first on PE Hub.

Stakes 142
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New SEC Requirement for Investment Advisers: Documenting Annual Compliance Program Reviews

XY Planning Network

With the overwhelming amount of rulemaking taking place at the SEC, the operational impact of maintaining compliance, when taking into account the totality of the rules recently finalized and currently being proposed, is sure to be significant for most investment advisers going forward. Regardless of whether you are state-registered or registered with the SEC, it is a good practice to understand what the SEC is focused on and what is going on with new (and proposed) regulations.

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PE firms may score NFL teams in future; Aterian leverages continuation fund for Vander-Bend

PE Hub

Private equity goes bullish over sports. The post PE firms may score NFL teams in future; Aterian leverages continuation fund for Vander-Bend appeared first on PE Hub.

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Social Security Strategies to Discuss with a Financial Professional

Integrity Financial Planning

Everyone’s financial situation is different. Loan status, job situation, and the age of your kids all significantly impact your financial situation as you approach retirement. When it comes to Social Security there are a lot of different factors to consider, and the right path forward may not be apparent to you. Just because someone else made a similar financial move that worked doesn’t mean it will work for you.

Taxes 84
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Värde appoints Bauer as co-CEO

PE Hub

Bauer will continue to oversee Värde’s private markets investing as co-CIO. The post Värde appoints Bauer as co-CEO appeared first on PE Hub.

Investing 124
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One-on-One with Chris James: The Evolution of Private Equity

Blackstone

Investors today face a challenging backdrop of elevated rates and volatile markets. Chris James, Chief Operating Officer of Blackstone Tactical Opportunities, unpacks what it takes to invest successfully, from hands-on management to careful asset selection. He also shares his outlook for private equity investing and explains why he believes the opportunity set is only growing.

Assets 75
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MidEuropa sells Profi to Ahold Delhaize in €1.3bn exit

Private Equity Wire

MidEuropa, a European private equity investor with deep roots in Central Europe, is to sell Profi Rom Food (Profi), one of Romania’s major food retailers, to Ahold Delhaize for an Enterprise Value of approximately €1.3bn. Profi is a convenience and proximity supermarket chain offering local products to people across Romania’s cities and countryside.

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Broadcom-VMware merger held up as China delays $69bn deal

Financial Times M&A

US chipmaker and cloud software companies insist transaction will complete ‘soon’ despite missing Monday’s scheduled close

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Lessons from the desert for green investors

Financial Times: Moral Money

Chile’s lithium boom highlights challenges for the clean tech supply chain

Investors 108
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Retirement Plan Horror Stories, Ep #202

Financial Symmetry

There’s so much we can overlook with retirement plans. On this special Halloween-themed episode we’re sharing some retirement plan horror stories to avoid in your own wealth-building journey. Listen in to ensure that these horrors don’t ruin your retirement plans. Zombie … Continued The post Retirement Plan Horror Stories, Ep #202 appeared first on Financial Symmetry, Inc.

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Sleep

A VC: Musings of a VC in NYC

I got an Oura ring a couple of years ago and have been working on improving my sleep and sleep habits ever since. For much of my adult life, I have been a poor sleeper. I have always been able to fall asleep quickly, but I have been plagued by two sleep issues. The first is waking up in the middle of the night and not being able to get back to sleep.

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Talk Your Book: Investing in Luxury

A Wealth of Common Sense

Today’s Talk Your Book is brought to you by KraneShares: Today we are joined by Brendan Ahern, CIO of Kraneshares to discuss their new Global Luxury Index ETF $KLXY On today’s show, we discuss: The creation of the Luxury ETF Luxury spending dynamics and recessions Getting exposure to China through European companies Demographic trends and the wealth effect Utilizing thematics in a portfolio Finding a better.

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Presentation: Navigating Financial Disasters

The Big Picture

As promised, here is my presentation “ Navigating Financial Disasters ” from today at the Orlando Money Show… The post Presentation: Navigating Financial Disasters appeared first on The Big Picture.

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Ares Management closes oversubscribed Pathfinder II alt credit fund at $6.6bn

Private Equity Wire

Global alternative investment manager Ares Management Corporation (Ares) has held the final closing of Ares Pathfinder Fund II, and Ares Pathfinder Fund II (Offshore), with $6.6bn in capital commitments. The fund was oversubscribed and closed at its hard cap, in excess of its $5bn target and was approximately 80% larger than the predecessor fund which had total commitments of $3.7bn.

Funds 59
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6K Energy Announces the Creation of the “6K for 6K Scholars” with Lane College

Anzu Partners

North Andover, MA, October 30th, 2023 – 6K Energy , a leader in the sustainable production of critical materials for lithium-ion batteries, today announced in concert with Lane College, the selection of the first recipient of the newly created scholarship “$6K for 6K Scholars”, Amashia Mabone. Amashia is a sophomore at Lane College, studying chemistry.

Funds 52