When lenders price a leveraged loan, they assess more than the borrower’s financial position and credit agreement. They also consider the private equity sponsor, which can influence how a portfolio company responds to distress and how aggressively it uses the flexibility contained in its loan documents.
Britain’s public markets are contracting in size. Years of underperforming listings, fund outflows, and the rise of sponsor takeovers have actively reduced the number of businesses listed in London, while at the same time the ones that remain continue to trade at a significant discount to their peers in the United States.
Download PDF Introduction “Content is where I expect much of the real money will be made on the Internet, just as it was in broadcasting.” Bill Gates wrote that in January 1996, in an essay better remembered for its three-word title, Content is King, than for the prediction itself. Three Read more…
Download PDF Introduction Restaurants in Japan offer a wide array of dishes that cater to different budgets and tastes, resulting in a highly diverse culinary landscape. Next to dining places that offer typical Japanese dishes, such as sushi, soba, and udon, restaurants offering Western-style food, such as hamburgers and ethnic European cuisine, Read more…
Download PDF Introduction With nearly $60bn of global capital flowing into core women’s health segments between 2020 and 2025 alone, reproductive health has become one of healthcare’s most active spaces, drawing increasing interest from private investors attracted by a highly fragmented market, favourable margin profiles, rapid technological advances, and demand Read more…
Download PDF Introduction Over the past decade, software became the number one business model for start-ups and the go-to solution for entrepreneurs chasing success. The asset-light business model characterized by recurring revenue and high operating leverage attracted investors from all over the financial markets. It was particularly attractive to private Read more…
Download PDF Origins and Historical Growth Beginning in the 1980s, Asian private equity (PE) was still in its infancy. It was supported only by a few hundred million dollars in AUM and had a heavy reliance on public funding. Private limited partners (LPs) were rare, and capital originated mostly from Read more…
Download PDF Introduction Ownership in sports, once exclusively considered as a passion-fueled play by billionaire individuals, has attracted involvement from institutional investors. In fact, Private Equity and Venture Capital-backed deals in sports services totaled $31.64bn in 2024, representing a 259% growth from the previous year. The global branding, media revenue Read more…
Download PDF Private markets, once the exclusive domain of institutional investors, are undergoing a structural transformation. As technology, regulation, and investor behaviour evolve, access to traditionally illiquid asset classes like private equity, credit, and infrastructure is widening. What was once a closed ecosystem of pension funds and endowments is now Read more…
Download PDF Intro The 2007 acquisition of Hilton by Blackstone stands as one of the most iconic private equity deals in history. Often referred to as the “best LBO ever,” the transaction blended strategic vision, operational overhaul, and a dose of good timing. Blackstone, already a powerhouse in private equity Read more…
Download PDF Introduction For the first time in decades, the private equity industry is experiencing a genuine contraction. According to Bain & Co., total buyout assets under management fell by 2% in the year to June 2024, settling at $4.7tn as exit pipelines narrowed and distributions failed to meet investor Read more…
Download PDF Introduction Over the past decades, private equity has emerged as a robust asset class, consistently matching—and often outperforming—public market returns over longer horizons. This article examines the performance of private equity funds, detailing how strategies such as multiples expansion, deleveraging, and operational improvements have driven returns. Yet over Read more…
Download PDF Definition Over the past years, Private Equity Co-Investments have been on the rise. A PE Co-Investment is a minority investment that is made directly into a company alongside a private equity sponsor who is acquiring a controlling/majority stake on said company. GPs may want Co-Investor for some deals Read more…
Download PDF Introduction Private equity (PE) has long been a transformative force, driving innovation and growth across industries such as healthcare, technology, and real estate. With its vast capital reserves and strategic expertise, PE has reshaped traditional business models, often enhancing efficiency and profitability. PE has experienced massive growth since Read more…
Download PDF Why is an Airport a Good Investment? The airport industry is far more complex than airplanes arrivals and departures. Initially revenue came from passenger fees, but over time airports have become complex business with multiple revenue streams. On one hand, there are the passenger related fees which are Read more…