Private equity gets creative as it sits on record dry powder pile December 2, 2020 Private equity firms are having to get creative and look to new asset classes as they sit on record levels of dry powder. In the face of unprecedented market volatility GPs initially turned their attention to portfolio companies in the outbreak of the pandemic. But now fund managers are sitting on approximately $1.7 trillion of [...]
Carlyle invests $250m in third-party reseller Pharmapacks November 12, 2020 Private equity giant Carlyle has invested $250m in US e-commerce firm Pharmapacks, one of Amazon’s largest third-party resellers. Launched initially as a pharmacy shop in 2010, Pharmapacks has grown into an online retailer focused on health, personal care and beauty products. The investment, which values Pharmapacks at approximately $1.1bn, came from Carlyle Partners VII, a [...]
Appetite for hard-to-access capital is driving City investors to private equity November 11, 2020 With governments introducing unparalleled fiscal stimulus to support the economic recovery from ongoing pandemic, and monetary policy signalling a much lower-for-longer interest rate environment than anticipated, investors are increasingly turning to private equity as they look for yield. The investment space has been an uptick in interest from City investors as businesses are thirsty for [...]
Carlyle Group buys UK retirement homes group Beechcroft November 4, 2020 Private equity firm The Carlyle Group has acquired UK retirement homes group from Alchemy Partners for an undisclosed sum. The US investment giant’s €540m Carlyle Europe Realty fund invested in Beechcroft, which owns a portfolio of homes in Greater London and South East England. Founded more than 35 years ago, Beechcroft covers the entire development value [...]
Carlyle Group snaps up majority stake in funds firm Calastone October 26, 2020 Global investment firm The Carlyle Group is set to snap up a majority stake in funds network Calastone for an undisclosed amount, it said today. Carlyle said in a statement that it would buy the stake from current shareholders including venture capital firms Octopus Ventures and Accel. It comes with Carlyle nearing an agreement to [...]
Frustrations grow for women in private equity as pay gap issues continue June 16, 2020 Women in private equity are still battling gender pay gap issues and a male-dominated industry, according to new research. A fifth of women surveyed by Investec claim to be more dissatisfied with their work in private equity, compared to just 8.2 per cent of men. However, women are not pursuing other options within the private [...]
US private equity snaps up UK companies on the cheap February 17, 2020 The total value of acquisitions of UK companies by US private equity funds jumped 53 per cent last year to £19.9bn. According to a report by law firm Mayer Brown, the depressed valuations of UK companies versus their European peers has made them look to be good value for funds. The period of Brexit uncertainty, [...]
Private equity fundraising to fall in 2020 after record year, analysts predict December 16, 2019 Private equity fundraising next year may fall below the record levels seen in 2019 as large firms shift their focus on to capital deployment, analysts have predicted. Firms will also try to hold on to some of their top performing assets for longer in 2020, according to a note from private equity data firm Pitchbook. [...]
Drop in European private equity exits via IPOs as tough conditions bite December 5, 2019 The number of European private equity exits executed via listings is declining as sponsors seek alternative routes amid challenging market conditions, new figures show. Of the European private equity exits that have taken place so far this year, just 1.4 per cent were initial public offerings (IPOs), according to Mergermarket data. Read more: Saudi Aramco [...]
Private Equity firm 3i posts 10 per cent return November 14, 2019 Listed private equity firm 3i has reported an increased half-year return of 10 per cent, boosted by good trading performance across its portfolios. The company notched up a total return of £767m for the first six months of the year, a 10 per cent increase on the previous year’s figure. Read more: Cobham buyer Advent [...]