Private Equity
A study of restaurant chains with outlets in Florida, some owned by sponsors, some not, found that those outlets under private equity ownership become “cleaner, safer, and better maintained.” The study also saw evidence that these restaurants reduce payrolls while lowering prices charged to customers.
1 min read · 28 October 2013
Atlas Holdings, a Greenwich, Conn. turnaround shop that has a made a big bet on the construction market, has begun talking to limited partners about raising a successor to its $365 million debut fund closed in 2010.
3 min read · 22 October 2013
The advisory and asset management shop founded two years ago by Joncarlo Mark, ex-senior portfolio manager for the alternatives program at California Public Employees’ Retirement System, has hired as part of a rapid ramp-up a principal with experience in due diligence, workouts and restructurings of troubled companies and funds.
2 min read · 17 October 2013
North American buyout and growth equity firms didn’t hire investment professionals at the partner level this year at the same pace they did in 2012, a new report suggests, but they did boost their hiring at more junior levels where recruiting always tends to be busiest.
2 min read · 14 October 2013
Many limited partners take a sour view of secondary buyouts, wondering just how much value is left to be wrung out of a company once a savvy sponsor sells it. Now a new study suggests that secondary buyouts do in fact underperform other kinds of buyouts, although the underperformance is confined to deals done towards the end of investment periods.
2 min read · 14 October 2013
The coffers of cash-hungry U.S. sponsors filled up at a healthy pace in the third quarter, as investors flocked to mid-market funds while by no means snubbing their noses at the mega-funds that have come in for so much criticism in recent years.
5 min read · 14 October 2013
With their mid-2000s vintages sponsors showed they could survive a financial crisis and Great Recession. With their 2008 vintage they showed they could take advantage of the recovery that followed.
7 min read · 08 October 2013
A start-up boutique investment bank looking to advise limited and general partners on a variety of transactions plans to add junior people, and potentially partner-level staff if the right person materializes, a source familiar with its plans told Buyouts.
1 min read · 08 October 2013
It is shaping up to be another lucrative year for professionals employed by North American buyout and growth equity firms—a development consistent with a gradual recovery in the fundraising market over the last few years.
3 min read · 30 September 2013
Secondary funds have been one of the best-performing niches within private equity, although investors haven’t been getting quite the returns they once did, according to the Buyouts returns database.
2 min read · 30 September 2013
