USA

JP Morgan Eyeing a UK Fintech Business

JP Morgan Eyeing a UK Fintech Business

The US bank has been relatively quiet in the acquisition department ever since the financial crash. However, it has regained confidence and according to reports, is now approaching a UK fintech business. Worldpay Group could become the bank’s biggest acquisition.   Preliminary approaches   Fox Business reported the board of Worldpay admitting the US bank has made a preliminary approach [...]

Survey: Private Equity Fund Managers See a Sunnier 2017

Survey: Private Equity Fund Managers See a Sunnier ...

A study of private equity fund managers and their perspectives of the future show the industry could be facing a sunnier 2017. BDO’s Eight Annual Perspective Private Equity Study found fund managers optimistic about the year ahead. The trust for better days ahead comes after volatile 2016.   Private equity industry had a challenging year in 2016. PitchBook estimated the [...]

IPOs Remain Strong Thanks to Private Equity

IPOs Remain Strong Thanks to Private Equity

  The market turmoil over the summer has certainly received not just a number of big headlines, but also investors’ attention. The Chinese stock market suffered the deepest one-day drop of all times and the Dow Jones Industrial Average also plummeted by nearly as much as 1,000 points during the third quarter.   While the volatile market conditions have certainly [...]

Bain Looking for £1bn Flotation for UK Brick Company

Bain Looking for £1bn Flotation for UK Brick ...

  Private equity firm Bain is set to help the UK brick company, Ibstock, list on the stock exchange. Ibstock is among the UK’s oldest and largest brick companies and the initial public offering is expected to raise around £1 billion. The IPO comes just less than a year after the company was taken private by the private equity firm. [...]

Chinese Billionaire After Terra Firma’s Odeon

Chinese Billionaire After Terra Firma’s Odeon

  Private equity firm Terra Firma is looking for a buyer for the Odeon cinema chain. Sunday’s papers reported that its likely buyer might come from China. The historic cinema chain has caught the attention of Wang Jianli, the Chinese business tycoon.   Terra Firma’s Role in Charge of Odeon Terra Firma acquired the cinema chain in 2004. At the [...]

A Study Shows Companies Still Have Misconceptions Over Private Equity

A Study Shows Companies Still Have Misconceptions ...

  A new study has found companies don’t consider private equity buyouts as the preferred option for exiting the business. For analysts and private equity firm experts, the latest findings show how small and mid-sized companies are still unaware of the opportunities the industry can offer. Misconceptions over private equity continue muddying the waters.   The Survey’s Findings   The [...]

Are US IPOs at an Inflection Point?

Are US IPOs at an Inflection Point?

  The initial public offerings in the US have been reaching great levels in recent years. But newly published research suggests, the market might be about to turn. This could mean private equity firms won’t have as many lucrative exit opportunities during the second half of the year and the start of next year.   Renaissance Capital’s Research   According [...]

KKR Buys a Minority Stake in a UK Hedge Fund

KKR Buys a Minority Stake in a UK Hedge Fund

  UK-based hedge fund, Marshall Wace, announced on Wednesday that the US private equity firm, KKR, has acquired a stake in the hedge fund. The private equity firm has taken a 24.9% stake in the London-based company, with the option to increase its stake in the future.   The Agreement   According to the official statement, the private equity firm [...]

Australian Private Equity Industry Set for a Debate

Australian Private Equity Industry Set for a Debate

  The Australian private equity industry is faced with plenty of turmoil. Private equity funds have plenty of capital to deploy, but the competitive market is making it hard to find enough profitable acquisitions. On top of this, the fee structure is under scrutiny in Australia, just like it is elsewhere in the world. The above topics are surely one [...]

Petco’s Private Equity Owners Turn to Dual-Track Process

Petco’s Private Equity Owners Turn to Dual-Track ...

  One of the terms that currently keeps popping up in private equity news is dual-track process. Many private equity firms are looking at initial public offering (IPO) at the same time as talking with potential bidders in order to exit their investments. The latest firms to do so are TPG Capital and Leonard Green & Partners, as they are [...]

Private Equity Firm MBK Set to Buy Tesco Unit for $6bn

Private Equity Firm MBK Set to Buy Tesco Unit for ...

  Tesco’s South Korean unit, Homeplus, has been on sale for months, but the winning bidder seems to be emerging from the crowds. Private equity firms have been interested in the business and it looks MBK Partners has come out on top.   Reports of a Deal   The Seoul-headquartered MBK Partners is reportedly the winner of the bidding war. [...]

EVCA: Fundraising and Investment Activity Strengthened in CEE in 2014

EVCA: Fundraising and Investment Activity ...

  The European Private Equity and Venture Capital Association (EVCA) released its report on the investment, divestment and fundraising activity in the Central and Eastern European (CEE) region last year at the end of last week. The report shows that 2014 was a robust year for the region, while some differences in private equity and venture capital investment remained in [...]

Preqin: Investor Confidence on Alternatives Remains Strong

Preqin: Investor Confidence on Alternatives Remains ...

  Preqin published its Alternative Asset Outlook for the second half of 2015 with interesting results. It is clear that investor confidence on alternative assets and their ability to provide strong returns remains strong, but there are some interesting differences when it comes to different asset classes.   Private equity looks to be gaining more interest in the second half [...]

Private Equity Firms Race to the Finish Line with Homeplus

Private Equity Firms Race to the Finish Line with ...

  Monday marks the deadline for bids for the Tesco South Korean unit, Homeplus. The unit is valued at around $6 billion and a number of big private equity firms are reportedly finalising their bids to snatch the supermarket.   Forming Alliances   Reports on Sunday’s Korean newspapers suggest global private equity firms are creating alliances in order to win [...]

Indian Private Equity Firm Invests in Uber

Indian Private Equity Firm Invests in Uber

  The car-hauling app, Uber, has been looking towards growth opportunities in the emerging markets like India in recent months. The US-based company is likely to increase its focus on India after receiving a strategic investment from the private equity fund, Tata Opportunities Fund (TOF).   Size of the Investment Remains Unknown   The parties announced the investment on Wednesday, [...]