Managers
State Street Corporation’s GX Private Equity Index (PEI), a benchmark for comparative analysis of private equity performance, saw an overall return of 4.2 per cent in the second quarter of the year.
The index is based on directly sourced limited partnership data and represents more than USD2.2 trillion of private equity investments, with 2,492 unique private equity partnerships, as of 30 June, 2015.
“Throughout the last three years, from October 2012 to September 2015, we have witnessed significant amounts of capital distributions with the ratio of distributions to paid-in capital reaching an historical high of 1.78x,” says Will Kinlaw
Oberthur Technologies (OT), a provider of embedded security software products, services and solutions, has decided to postpone its Initial Public Offering (IPO) over concerns about current market conditions.
Didier Lamouche, CEO of OT, says: "The decision taken with our majority shareholder Advent International is a natural one given the current state of the capital markets.
“Our business is delivering strong organic growth of both revenues and EBITDA and the momentum we see on all our activities confirms that we have made the right choices and positions us well for the future."
301 INC, the new business development and venturing unit at General Mills, has launched a new multi-million dollar capital fund through the CircleUp marketplace to seed emerging consumer food brands.
CircleUp connects consumer and retail brand entrepreneurs to accredited investors through its online platform. By using powerful technology and a team of experienced private equity professionals, CircleUp identifies promising brands early in their lifecycles and posts profiles on their site for investors to discover, research and potentially make an investment. General Mills is the first Fortune 500 company to launch an investment fund through this platform.
"We are very
Israeli private equity deal-making fell to a mere USD419 million in 20 deals in the third quarter of 2015, following an exceptionally high Q2/2015, when 27 deals accounted for USD1.6 billion (the third highest quarter in the last four years).
Moreover, the amount was 43 per cent below the five-year quarterly average, which stands at USD738 million, but the number of deals was the same as the average.
That’s according to a report by the IVC Research Centre, in conjunction with Shibolet & Co, which highlights that despite the substantial quarter-over-quarter fluctuations, the Q1-Q3/2015 period turned out to be
American Capital has closed American Capital CLO Fund I, a new USD450 million fund focused on investing in equity tranches of collateralised loan obligations (CLOs).
The transaction further expands American Capital's asset management business and increases American Capital's third-party earning assets under management by approximately USD450 million, or 3 per cent.
"We are very pleased to announce the closing of American Capital CLO Fund I," says Mark Pelletier, President of American Capital CLO Management, LLC and President and Chief Investment Officer of American Capital Senior Floating, Ltd. "Our partners spent a significant amount of time underwriting both the assets
Global M&A has broken last year’s annual tally after another ‘merger Monday’ pushed 2015’s total deal value to USD3.29 trillion, according to figures released by MergerMarket.
On 2 November, 28 deals worth USD35.7 billion were announced, taking 2015 above 2014 total deal value of USD3.27 trillion two months before year end. Record levels of 2007 are now clearly in sight.
Three of yesterday’s transactions broke the USD5 billion barrier with the largest being Visa Inc [NYSE:V] and Visa Europe Ltd joining hands to become a single entity in a USD18.1 billion deal. This was followed by Activation Blizzard [NASDAQ:ATV]
Revelstoke Capital Partners has completed the fundraising for Revelstoke Capital Partners Fund I, and Revelstoke Capital Partners Co-Investment Fund I.
The Fund, which raised USD303 million, was substantially oversubscribed and reached its hard cap, significantly exceeding its target fund size. Since the firm’s inception in mid-2013, Revelstoke has raised in excess of USD515 million in equity commitments across its various investing entities.
Revelstoke Capital Partners closes Fund I.
“We garnered significant support from our limited partner base and believe this is a result of our focus on, and deep experience in, middle market healthcare and business services industries coupled
As Europe’s private debt market continues to evolve, those managers well placed to offer direct lending strategies could benefit substantially as insurance companies, in particular, seek alternative yield-enhancing funds within their credit portfolios. Not only do direct lending strategies provide stable, consistent returns over a multi-year time horizon, they also allow insurers to make more efficient use of their Solvency Capital Ratio (SCR) under Solvency II regulation.
The capital charge is estimated to be 20 per cent. Factor in that these are private closed-ended investments, offering insulation from market volatility, and suddenly one begins to understand why direct lending is
Q3 saw a typical decline in overall European private equity value due to the summer period, however, the overall trend on value in 2015 is positive over that experienced in the last couple of years.
That’s according to preliminary figures from the Q3 2015 unquote” European Private Equity Barometer, published by unquote” in association with SL Capital Partners, which suggests that more disappointingly, the number of European private equity-backed deals declined by 10 per cent, from 368 transactions to 330 transactions. This is a continuation of a trend that started in Q1 2015 and was impacted by a significant reduction
Radius Equity, a specialist provider of EIS and SEIS investments, has launched a GBP750,000 EIS-compliant investment into Up Estates, an new estate agency.
Radius Equity believes that online property portals are transforming the estate agency industry, and traditional agencies are losing market share to new low-cost competitors. Up Estates is a new breed of real estate agency which combines the comprehensive, low cost reach of online portals with the personalised experience of traditional real estate agencies.
Up Estates has established a strong regional foothold in Coventry, Nuneaton and Hinckley, and has seen significant success within the region. For example,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
