Public-style private deals, or private company M&A deals that have risk allocation constructs that are similar to public company acquisitions, are increasingly being seen in Canada, especially in large and high profile private equity transactions, writes Shahir Guindi, national co-chair of Osler, Hoskin & Harcourt LLP. As a result, sellers have sometimes been able to insist on placing more risk on the buyer. In a PE Hub Canada feature article, Guindi says it’s important for PE firms and other buyers to understand the implications of this trend, and for sellers to understand the opportunity.
By Patrick Crocker, MHT Partners It’s a well-worn adage among investors on Wall Street that e-commerce retailing, dominated by Amazon, is killing brick-and-mortar stores. While that’s true for some retailers, a closer examination suggests that the rumors of the death of retail stores may be premature. From giant Walmart to discount chain Dollar General, many […]
SEC adopted political contribution rules in 2010 EnCap settled with SEC earlier this year Pay-to-play scandals erupted in New York in 2009 Recently, I had cause to recall the paranoid days of 2009 when the markets froze and a massive private equity scandal erupted into public view. Andrew Cuomo, then attorney general of New York, […]
By G. Mark Edgarton and Kevin C. Quigley, Choate Hall & Stewart LLP Sandbagging disputes are among the most contentious issues in M&A litigation. These issues matter to private equity sponsors, particularly in the growing middle market, as they pursue attractively priced deals in an increasingly competitive environment. Sandbagging in M&A refers to a situation […]
Gallatin Point, led by ex-BlackRock, U.S. Treasury execs, raises $94 mln; Gryphon invests in Transportation Insight; Bregal, KKR to exit Cognita
Silver Lake’s Waugh named PGA of America CEO; Rubeli steps down as Partners Group co-CEO; Beware SEC pay-to-play rules with election contributions
Vista in market with Fund VII targeting $12 bln Cap still under consideration Oregon concerns about fund size, minority stake sale Documents from Oregon Investment Council unveil some of the concerns LPs have in this hyperactive fundraising market. OIC committed $500 million to Vista Equity Partners’ seventh fund, targeting $12 billion. Oregon said a cap on […]
Why one big healthcare investor is homing in on a ‘blank check’ strategy
By Matthew Nelson, Norton Rose Fulbright One of U.S. private equity’s biggest challenges is how to deploy the record dry powder it has raised in recent years. Compounding the issue is intense competition for deals in North America, Europe and Asia. Against this backdrop, Australia presents a unique opportunity. While U.S. PE firms have been […]
In today’s intensely competitive deal climate, auctions are difficult to avoid, writes Shahir Guindi, national co-chair of Osler, Hoskin & Harcourt LLP. In looking to stand out from a crowd of bidders, private equity firms should be strategic and proactive in their approach, including to help differentiate themselves and increase their likelihood of a successful deal. In a PE Hub Canada feature article, Guindi outlines four strategies that can give PE buyers a competitive advantage in a typical auction process.