Download PDF Introduction Following the devastating bear market of 2022 where trillions of stock market capitalization seemingly disappeared into thin air, The Rothschild family, the majority stakeholder of Rothschild & co. [ROTH: EPA], has decided to bid for the rest of the shares of the company in the hopes of Read more…
Download PDF Introduction On November 18th, CVC Capital Partners announced that it reached an agreement with Unilever to acquire its tea business for €4.5bn on a cash-free, debt-free basis. The deal is expected to close in the second half of 2022. The agreement concludes a two-year process of reviewing and Read more…
Download PDF Introduction On October 25th, Hellman & Friedman and EQT announced a partnership to make a joint public takeover offer for all outstanding shares of Zooplus. With the joint offer, the two private equity groups ended the bidding war for the online pet supplies retailer that occurred in the Read more…
Download PDF Introduction On September 28, 2021, Blue Prism, a British enterprise software company that specializes in software robots that automate monotonous jobs, announced that it has reached an agreement with private equity firm Vista Equity Partners to be acquired for £1.1bn ($1.5bn) in cash. Blue Prism, whose clients include Read more…
Download PDF Introduction A leveraged buyout is the acquisition of a company, either privately or publicly held, using borrowed funds to pay for the purchase price of the company. The main actor of a leveraged buyout transaction is a private equity firm or group of private equity firms, which will Read more…
Download PDF Introduction Private credit denotes any debt or extended to privately held companies. It comes in many different forms, but often involves non-bank firms making loans to private companies or purchasing their debt on the secondary market in a variety of ways. To be more specific, Private credit, also Read more…
Laird plc (LON: LRD) – market cap as of 09/03/18: £979.8 m Introduction On March 1, 2018, Advent International announced it will acquire the UK electronic components producer Laird plc for £1.2bn, or £2/share. The deal marks yet another conquest for private equity firms in search for viable targets to Read more…
The Blackstone Group LP (NYSE: BX) – market cap as of 11/11/2016: $28.95bn TeamHealth Holdings (NYSE: TMH) – market cap as of 11/11/2016: $3.07bn Introduction On the 31st of October 2016 Team Health Holdings Inc. announced that the company has reached an agreement to be acquired by a group of Read more…
Apollo Global Management; market cap as of 19/02/2016: $2.70bn ADT Corporation; market cap as of 19/02/2016: $6.59bn Introduction US private equity firm Apollo Global Management has agreed to buy ADT, an American home-security company, paying c.$11bn for a total enterprise value in the so far biggest leverage buyout of Read more…
After the huge operating loss and the consequent job-cutting of the second quarter, Blackberry received an offer to go private by Fairfax Financial Holdings Limited for $9 per share. Fairfax holds the 9.9% of Blackberry and is doing the due diligence; on November 4th the company will give more details. Read more…
Silver Lake Partners IV, Assets Under Management: $7.5bn Dell Inc. Mkt Cap: $23.61bn Blackstone Group L.P., Blackstone Capital Partners VI Assets under management: $13.5bn Icahn Enterprises L.P. Mkt Cap: $9.18bn Following our last comment on Dell’s buyout on 16.03.2013, we decided to write a follow-up to elaborate on the recent events concerning Read more…
We are writing a short follow up on Dell’s LBO, which we covered on February the 16th. Following his opposition to the offer of Michael Dell and Silver Lake to take Dell private, Carl Icahn, the former corporate raider turned activist investor (who is also involved in the Herbalife situation Read more…
Kohlberg, Kravis and Roberts & Co LP market cap (as of 15/03/2013): $13.27 bn Gardner Denver Inc. market cap (as of 15/03/2013): $ 3.69 bn Deal Type: LBO 100% On the 8th of March it has been reported that Gardner Denver and KKR have signed a definitive agreement in which Read more…
Silverlake Partners IV – Committed Capital: $7.5 bn Dell Inc. Mkt Cap: $23.8bn Microsoft Inc. Mkt Cap: $234.9 bn On February 5, 2013 Silver Lake Management LLC announced the completion of the largest LBO since the heyday of Blackstone’s acquisition of Hilton hotels back in 2007 and the largest buyout of Read more…