Jefferies related stories
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Listed PE funds: Thoughts turn to takeovers as discounts go deepVehicles such as HarbourVest Global Private Equity, Pantheon International and Neuberger Berman Private Equity Partners are trading at discounts as wide as 43%.
Side Letter: ex-Morgan Stanley alts CIO surfaces, Blackstone's growth, 25x valuationsTurkven appoints Neil Harper as chairman; Partners Group sees dizzying valuations; Blackstone sets target range for debut growth fund. Here’s today's brief, for our valued subscribers only.
Side Letter: Meketa on returns, strip sales, a new fund of firms"As long as my PE programme keeps beating public markets by 300 basis points, then it's worth it," said every investor. What if it doesn't? Here’s today's brief, for our valued subscribers only.
Take-privates are back on the menuPublic-to-private deals reached their highest level since before the global financial crisis last year as private market valuations prompted buyers to seek value elsewhere.
- Cinven, Bain hit ‘significant setback’ on Stada mega-deal
The firms failed to secure enough shareholder acceptances to complete the €5.3bn deal, which would have been the largest European private equity transactions this year.
- Apollo aims to 'buy well' with $1.6bn Outerwall deal
For self-service kiosk provider Outerwall, Apollo is paying less than the average earnings multiple it has been paying for assets purchased using capital from its Fund VIII.
- Industry reacts to Brexit vote
Uncertainty prevails as the private funds industry tries to make sense of the implications of UK’s decision to leave the EU.
- Advent to buy ATI Physical Therapy
Advent International is acquiring a majority ownership interest in ATI from KRG, which had purchased the company in 2012.
- Apollo to acquire grocery chain for $1.36bn
The transaction involving The Fresh Market will be financed by $800m of new senior secured notes and $525m of equity from Apollo and the rollover of the owners’ stake.
- Silversmith doubles up to invest Fund I
The firm has upped its four-person team with four additional new hires as it invests its debut fund that closed on $460m two months ago.