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Private Equity Asset Values May Be Haircut By 50% In The Next 3 Months

Private Equity Asset Values May Be Haircut By 50% In The Next 3 Months For the longest time, private equity firms seemed like the perfect investment in this market climate: unlike public equity, PE .....»»

Category: blogSource: zerohedgeMar 25th, 2020

The Wall Street Journal: Oatly, backed by Oprah and Blackstone, files for IPO

Oatly Group AB has formally filed paperwork Monday for an initial public offering in the U.S., nine months after private-equity giant Blackstone Group Inc. and a handful high-profile celebrities took a stake in the oat milk producer......»»

Category: topSource: marketwatchApr 19th, 2021

Wells Fargo to sell asset management unit to private-equity firms GTCR and Reverence Capital for $2.1 billion

Wells Fargo & Co. said Tuesday it has agreed to sell Wells Fargo Asset Management to private-equity firms GTCR LLC and Reverence Capital Partners LP for $2.1 billion. The deal is expected to close in the secon.....»»

Category: topSource: marketwatchFeb 23rd, 2021

Varsity Tutors to go public through "blank check" company

Private equity giant TPG is driving the move through a deal with a special purpose acquisition company — or SPAC — that values the Clayton education technology firm at $1.7 billion......»»

Category: topSource: bizjournalsJan 29th, 2021

Wall Street"s gatekeepers: These are the top 350 headhunters recruiting talent for banks, hedge funds, and private equity roles in trading, dealmaking, and investing

Search more than 80 top recruiting firms to find headhunters for private equity, hedge fund, banking, and asset management jobs. Business Insider compiled top headhunting firms and Wall Street recruiters by specialty. Samantha Lee/Business Insi.....»»

Category: dealsSource: nytJan 11th, 2021

KKR"s first-quarter profit rises 11% on stronger asset sales

Private equity firm KKR & Co Inc reported an 11% jump in after-tax distributable earnings in the first quarter on Wednesday, driven by growth in asset sales and management fees ahead of the coronavirus-linked market turmoil......»»

Category: topSource: reutersMay 6th, 2020

Victoria"s Secret deal to go private called off

Victoria's Secret owner L Brands and private equity firm Sycamore Partners called off a deal Monday that would have taken the retailer private, just three months after the two companies reached a $525 million agreement......»»

Category: topSource: moneycentralMay 5th, 2020

Pittsburgh private equity firm to build micro-power grids, urban farms in Memphis and beyond

"We anticipate a pretty meaningful asset presence, with probably more than one [farm and microgrid in Memphis]," Bedford CEO Rich DiClaudio said......»»

Category: topSource: bizjournalsApr 30th, 2020

Hedge Fund and Insider Trading News: Seth Klarman, Bill Ackman, Ray Dalio, Citadel, Impala Asset Management, Aimmune Therapeutics Inc (AIMT), Nexstar Media Group Inc (NXST), and More

Ackman, Cohodes Warn of Private Equity Pain in Shakeout (Bloomberg) As the panic spurred by the coronavirus erases trillions from equity market.....»»

Category: topSource: insidermonkeyMar 20th, 2020

San Diego dashboard-video tech company to double Boston team

A 20-year-old video telematics company recently acquired by a private equity firm is planning on doubling its Massachusetts workforce in the next months, after doubling the amount of space it rents in Framingham earlier this year.  San Diego, Cal.....»»

Category: topSource: bizjournalsMar 10th, 2020

LogMeIn lays off more than 300 workers, including dozens in Boston

Two months after agreeing to be acquired by a private equity firm, communications software firm LogMeIn Inc. told the Business Journal that it's cutting around 300 workers, including 64 in its Boston headquarters. Craig VerColen, vice president of .....»»

Category: topSource: bizjournalsFeb 20th, 2020

The Wall Street Journal: L Brands set to sell Victoria’s Secret, which would go private

L Brands Inc. is near a deal to sell control of Victoria’s Secret to a private-equity firm in a transaction that values the lingerie brand at about $1.1 billion, according to people familiar with the matter......»»

Category: topSource: marketwatchFeb 19th, 2020

Ordeal of U.S. investor in Moscow may end — but that wouldn’t mean Russia has turned business-friendly

The head of the Barking Vostok private equity fund could be freed in the coming months, according to the Bell. His experience confirms that Russia remains a high-risk country for direct investors......»»

Category: topSource: marketwatchFeb 17th, 2020

Blackstone CEO paid $583M last year, Crain’s estimates

Pay is central to Wall Street, where no one gets paid more than Blackstone Group CEO Stephen Schwarzman. He pocketed an estimated $583 million after his private equity and asset management firm... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 31st, 2020

Blackstone CEO paid $583M last year, Crain"s estimates

Pay is central to Wall Street, where no one gets paid more than Blackstone Group CEO Stephen Schwarzman. He pocketed an estimated $583 million after his private equity and asset management firm... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 30th, 2020

Kelsey-Seybold Clinic nabs private equity funding, plans Houston-area expansions

Kelsey-Seybold plans to open a new Katy-area clinic this summer and announce a new Conroe location in the coming months......»»

Category: topSource: bizjournalsJan 21st, 2020

Private Equity 2020: Growing Legislative Risks Collide With Shrinking Returns

While still a popular alternative asset class, private equity has lost some of its luster for a number of allocatorsRelated Stocks: KKR, BX,.....»»

Category: blogSource: gurufocusDec 14th, 2019

Man City stake sale values soccer club at $4.8 bln

U.S. private equity firm Silver Lake is buying a stake of just over ten percent in Manchester City for $500 mln, valuing the English club at $4.8 bln. Julian Satterthwaite reports......»»

Category: videoSource: reutersNov 27th, 2019

Blackstone takes majority stake in "Bumble" parent, values firm at about $3 billion

Blackstone Group Inc is taking a majority stake in MagicLab, the parent company of dating app "Bumble" and "Badoo", valuing the company at about $3 billion, the private equity firm said in a statement on Friday......»»

Category: topSource: reutersNov 8th, 2019

Carlyle"s third-quarter earnings drop by a quarter as asset sales slow

U.S. buyout firm Carlyle Group LP reported a 25% year-on-year drop in its third-quarter earnings on Thursday, driven by lower proceeds from asset sales in its private equity portfolio......»»

Category: topSource: reutersOct 31st, 2019

KKR earnings slide 23% as weaker deal activity hits revenue

Private equity firm KKR & Co reported a 23% year-on-year drop in its quarterly after-tax distributable profit on Tuesday, as fee revenue slid amid a broader slowdown in asset sales by buyout firms......»»

Category: topSource: reutersOct 29th, 2019