I’m not used to people opening up about their feelings at private equity conferences. It’s tough to get too vulnerable in an environment of suits, mini-muffins and panels about terms and conditions and manager seeding. But that’s what happened at Buyouts Insider’s Family Office Connect event in New York last month. Suna Said, founder of Sima Capital, gave […]
By Alex Hicks, MHT Partners Not long ago, it was common to think that kids should stay away from computer or tablet screens, much the way we thought about television. Now, screens are being embraced as educational tools for younger and younger students as parents and educators begin to realize the benefits of the interactivity […]
ADIA moves to more principal investing CalSTRS focuses more on middle market, growth focused managers Largest commitment to Olympus Partners Activity in private equity hasn’t stopped despite the high-priced environment and warnings that recent vintage funds could be weak performers. At a time of sky-high prices, GPs are raising money at a pace they did […]
By Ken Comée, CareCloud A wave of “feverish deal-making has swept through the global life sciences and healthcare industry,” reports Deloitte. The $900 billion independent-medical-practice segment is part of this trend, in a new period of its own M&A activity, being fueled in part by private equity investors. One recent report counted more than 200 […]
As you may know, we love to track new-firm formation here at Buyouts. We did a big project last year trying to capture as many of the new firms that were getting attention from limited partners as possible. This year apparently has not seen a slowdown in the pace of this type of activity. While […]
By Joanne Baginski, EKS&H From Equifax to Facebook, cybersecurity incidents are constantly in the news. This pervasive problem is not reserved, however, for household names. It also hits middle-market companies and their customers hard, often without generating big headlines. This is why assessing cybersecurity risks has become a crucial aspect of the due-diligence process for private equity […]
By Justin Johnson, Valuation Research Corp Many private equity platform acquisitions and some add-on deals feature what is referred to as rollover equity. Rollover equity arises when certain equity holders in the target company, including founders and key members of management, roll part of their ownership stakes into the new equity-capital structure put in place by […]
Every year, Torys LLP conducts a much-anticipated review of private M&A deal terms in transactions the law firm has advised on. In a PE Hub Canada feature article, Partners Laurie Duke, Guy Berman and Stefan Stauder and Counsel Sophia Tolias provide a deep-dive analysis of the state of the Canadian M&A market and how favourable conditions for sellers, sustained cross-border dealmaking, the growing popularity of R&W insurance, and other key factors are influencing trends.
By Michael Burdick, Paro Privately owned companies that are bought by private equity firms often experience culture shock. It’s a transformative environment as people with set processes learn new ways to work under the pressure of higher reporting expectations. After an acquisition, it’s natural to seek ways to tighten the balance sheet and make operations more […]
What happens if you set up a key man rule in your fund and no one pays attention to it? That question came up in a squabble between a fund-of-funds called Bay Hills Capital and Kentucky Retirement Systems, the single investor in four of its funds-of-funds. Bay Hills sued KRS, claiming that the pension fund is trying to wrest control of […]