Private Equity
History does not repeat itself, but it can act as a guide as to what to expect.
2 min read · 01 February 2013
<p>Private equity secondaries is still a growth business, even though this is not a claim that can be proved easily. The market for partially funded limited partnership interests and bundled directs remains opaque. Hardly any data exits to track even basic trends such as fundraising and capital deployment rates.</p> <p> </p>
3 min read · 01 February 2013
<p>Two recent developments in the entertainment industry have highlighted a trend: direct ownership of intellectual property is a strategy that is drawing increasing numbers of professional asset managers. </p> <p> </p>
2 min read · 01 February 2013
<p>Two recent developments in the entertainment industry have highlighted a trend: direct ownership of intellectual property is a strategy that is drawing increasing numbers of professional asset managers. </p> <p> </p>
2 min read · 01 February 2013
<p>European buyout managers might do well to use the dog days of July and August to catch up on their reading. They could make a start by revisiting the industry classic Barbarians at the Gate and remind themselves how exactly you take a public company private.</p> <p> </p>
2 min read · 01 February 2013
<p>Critics of the private equity model frequently suggest it is an easy game with easy profits. Investors are falling over themselves to hand cash to managers who then throw it at target companies, whose management capitulate at the prospect of the gravy train making an unscheduled stop at its door.</p> <p> </p>
2 min read · 01 February 2013
<p>A North American private equity deal was revealed yesterday that involves that rarest of creatures – a pension fund investing directly in a deal. Not surprisingly, the deal in question is taking place in Canada, home to two big pension-affiliated, direct-investment programmes.</p> <p> </p>
2 min read · 01 February 2013
<p>When Kohlberg Kravis Roberts blew the market away earlier this year with the first publicly quoted vehicle since the UK’s investment trusts of the 1980s and 1990s, many predicted a rash of similar offerings.</p> <p> </p>
3 min read · 01 February 2013
<p>Two news stories this week underlined the significance of Doughty Hanson’s decision to follow Kohlberg Kravis Roberts and Apollo Management and float a fund on Euronext, the Dutch stock exchange.</p> <p> </p>
3 min read · 01 February 2013
<p>Two days ago, a letter arrived at PEO’s offices. The head of a UK mid-market buyout firm wrote to announce his retirement. After 25 years in the industry, and seven “fantastic” ones at the helm of his team, he felt it was time to box up his lucky deal cufflinks (our choice of phrase, not his). There was golf to practice and fitness to build, all those good things. And with many friends and colleagues already on the beach, the prospect of joining them was tempting. </p> <p> </p>
3 min read · 01 February 2013
