Private equity-backed IPOs aren’t performing, driving more companies to stay private

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......»»

The wealthy aren't traveling and businesses have cut all nonessential travel, forcing private jet companies to scramble to cut costs to maintain basic operations......»»

Private equity firm Canyon Bridge, the Chinese-backed owner of Imagination Technologies, told the British government it was committed to keeping the chip designer headquartered in the UK, confirming an earlier Reuters report......»»

Private companies of all sizes, even venture-backed startups ineligible for PPP loans, can take get tax deferment and credits through the IRS......»»

St. Louis IT services provider TierPoint said Tuesday that it has closed on $320 million in preferred equity investments. TierPoint in March announced the funding, targeting a mid-April closing. New investors Argo Infrastructure Partners, Wafra a.....»»

Listed businesses have raised $17 billion so far this year from cut-price sales to private-equity groups......»»

As the coronavirus spreads and stay-at-home orders cut deeply into the economy, buyout firms are scrambling to triage investments in industries that are particularly vulnerable......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

AVI-SPL, one of Tampa Bay's largest private companies, has officially sold to a California-based global investment company. Miami-based H.I.G. Capital was the parent company of AVI-SPL, an audiovisual company, and sold to Marlin Equity Partners, w.....»»

The industry is lobbying hard for its portfolio companies to be eligible for $377 billion of small-business loans. It should get to the back of the line......»»

As the Trump administration works to stand up the largest economic relief effort in American history, the stage is set for a debate over just what kind of companies should be eligible for generous government loans......»»

Private equity firm Blackstone Group Inc does not have a sweeping directive in place to encourage companies in its portfolio to draw down credit lines in a bid to ride out the coronavirus pandemic, the company said in a statement......»»

Private equity firm Blackstone Group Inc is asking companies it controls to draw down their credit lines to avoid liquidity crunch, a Bloomberg reporter tweeted on Wednesday, citing people familiar with the matter......»»

Twitter Inc announced a deal with Elliott Management and private equity firm Silver Lake on Monday, handing both board seats......»»

The coronavirus outbreak could prompt companies and private equity funds to back out of deals.....»»

Private equity-backed generic drugmaker Stada said it has agreed to buy 15 consumer healthcare products from British drugmaker GlaxoSmithKline to further strengthen its prescription-free drugs business in Europe......»»

Private equity firm KKR on Tuesday said it does not intend to make an offer for troubled NMC Health but Italian-backed GKSD Investment Holding confirmed it could bid......»»

GKSD Investment Holding confirmed on Tuesday that it could make an offer to buy NMC Health , a day after the London-listed healthcare group revealed approaches from two private equity groups......»»

A BlackRock-backed group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets......»»

Entrepreneurs are sprouting left and right. With more companies being created, the need for funding has risen more than ever. When it co.....»»