Hellman & Friedman related stories
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Friday Letter Not easy to clean upThis week’s attempt to delever ISS ahead of (another) possible IPO demonstrate the challenges of realising big investments, and the perils of sizeable debt components.
- AXA becomes Fives' fourth PE owner
AXA Private Equity has acquired a minority stake in production line designer and supplier Fives Group in a deal valued at more than €800 million.
- GPs turn to dividend recaps
There has been a pronounced increase in the number of dividend recapitalisations as firms seek alternative means to realise value from their investments, according to a Moody’s report.
- Time to be bold
Two swallows do not a summer make, but the $6.6bn acquisition of Suddenlink this week, and the rumoured buyout of RBS-owned insurer Direct Line for a similar amount, suggest big buyouts could be coming back into fashion. Given the amount of dry powder that needs to be spent, it’s about time.
- H&F acquisition values Wood Mackenzie at €1.4bn
Hellman & Friedman has acquired a majority interest in energy sector research group Wood Mackenzie from European buyout firm Charterhouse.
- AXA Private Equity buys $850m OMERS portfolio
The transaction comes as OMERS works to reduce its private equity fund commitment business and focus on direct investments.
- Secondaries Special: Crowding the market
New entrants to the private equity secondary market are attracting talent and capital that was previously the sole preserve of dedicated secondaries investors. Graham Winfrey reports
- Maine doubles private equity target
The $11bn retirement system will focus on expanding existing relationships with private equity fund managers as it increases its target allocation from 5% to 10%.
- Asia Alternatives nears Fund III close
Recent fund presentation documents indicate the firm is close to reaching the $800m target for its third fund of funds.
- AXA PE set to buy OMERS’ portfolio
OMERS has been selling an about $780m portfolio of fund interests as it works to reduce its private equity fund commitment business and focus on direct investments.