Private Equity
<p>Asian private equity is all the rage. Practitioners around the world are focused on it, thanks in no small part to a steady stream of news about ever-larger funds being formed, bigger deals being closed and better performance figures being posted. </p> <p> </p>
2 min read · 04 February 2013
<p>A glossy report from Barclays Private Equity (BPE) was sent to PEO recently, discussing numbers compiled by the Centre for Management Buy-out Research at Nottingham University Business School (BPE is a founding sponsor of the Centre along with professional services firm Deloitte). It is one of the more pessimistic research notes to originate from within the industry in recent years – at least if you happen to be a large buyout specialist (which BPE, a successful pan-European mid-market house, is not).</p> <p> </p>
3 min read · 04 February 2013
<p>To the extent that rounding up $1.5 billion can be called “disappointing”, Apollo Management now has tasted this more bitter fruit. The New York firm’s Guernsey partnership, AP Alternative Assets, has only been able to attract the number on the prospectus cover, according to sources close to the firm. Contrary to reports, the vehicle has not yet been listed on the Euronext Amsterdam exchange, and in fact this is part of the problem.</p> <p> </p>
2 min read · 04 February 2013
<p>Many private equity people are in a rather festive mood these days. And so it was at EVCA’s Annual Symposium in Monaco this week, where more than 600 delegates took the opportunity to celebrate the European industry’s most successful year on record. Such was the crowd’s buoyancy at the conference that a novice to private equity might have been wondering whether this kind of investment activity is somehow immune to the kind of market cyclicality that so obviously affects all other asset classes.</p> <p> </p>
3 min read · 04 February 2013
<p>It is a brave man that pushes ahead with a flotation of a portfolio company in today’s volatile equity markets. In London, at least three initial public offerings have been publicly pulled or tempered in the last few weeks. Who knows how many have been mulled and abandoned before they even received the oxygen of publicity? </p> <p> </p>
2 min read · 04 February 2013
<p>The bankers are starting to feel the heat and it is making them a little nervous. Publicly they assert there has been no let up in Europe’s leveraged loan market and lenders are putting out aggressive packages to back buyouts on record multiples of earnings before interest, tax, depreciation and amortisation. </p> <p> </p>
2 min read · 04 February 2013
The past year has been good to business development companies on the capital raising front.
1 min read · 01 February 2013
<p>When Moses brought down the stone tablets from the mountain to deliver the Ten Commandments, he could only have guessed at the durability of the rules.</p> <p> </p>
3 min read · 01 February 2013
<p>The barbarian hordes are sweeping once more across Europe. Only this time they are heading East and are flying first class.</p> <p> </p>
3 min read · 01 February 2013
<p>Many like to call the top of a market, largely because all things cyclical will deliver the forecast decline sooner – or later. At present therefore you’ll find many calling the top of the private equity market. </p> <p> </p>
3 min read · 01 February 2013
