Solutions
The number of carve-out acquisitions is expected to rise as businesses look to restructure following the Covid-19 crisis.
New research has revealed that around a fifth of carve-outs result in millions of dollars wasted because of inefficiencies, however. A survey, commissioned by TMF Group, found that 34 per cent of senior executives from private equity firms with buy-side experience said their most recent cross-border carve-out failed to deliver on expectations, with 24 per cent saying costly overruns impacted the deal.
Where a delay resulted in increased cost, a majority of those from private equity firms (92 per cent) said it
Eurazeo is creating a EUR10 million solidarity fund to buy and donate products from its investee companies to support communities affected by Covid-19, with the support of its shareholders.
The fund will be financed from Eurazeo’s cash holdings and by donations from the supervisory board, the executive board and the executive committee members.
The executive board members have decided to take part by contributing 10 per cent of their annual bonuses for 2019, payable in April 2020, to the solidarity plan.
The Paris-headquartered firm also said that “given the unprecedented uncertainty around the world and in line with the French
Inflexion Private Equity Partners is making donations totalling GBP 2.5 million to help alleviate the impact of the coronavirus outbreak via The Inflexion Foundation.
Inflexion said that the current pandemic is both “universal and severe” and that the firm recognises the need to support the most vulnerable at this time.
The foundation has donated GBP 2 million to the National Emergencies Trust to support their Coronavirus Appeal which is raising funds for local charities and grassroots organisations that can provide vital support to people.
The National Emergencies Trust was launched last year to raise and distribute funds for national emergencies.
The British Private Equity & Venture Capital Association (BVCA) has recommended the UK Government introduces a GBP500 million funding facility for VC-backed, early stage companies operating in the digital, biotech and life sciences sectors during the Covid-19 crisis.
Early stage businesses have been a key driver in establishing the UK as a global leader in the digital economy and other high tech sectors, and this position is now under threat, according to the BVCA.
The specialist sources of capital they usually access are increasingly unavailable, and they also do not meet the criteria of regular commercial lenders. This puts
“The greater the obstacle, the more glory in overcoming it.” – Molière
These are extraordinary times; a defining moment in our collective history. Covid-19 has forced over one billion of the world’s population into lockdown, and while many businesses are adjusting to remote working, the repercussions for non-human contact in a people-centric industry like private equity are significant.
Substantive Research Limited, a provider of research analysis to asset managers, has secured a GBP800,000 growth capital investment from Foresight Group.Read the full story at Institutional Asset Manager…
The unfolding Covid-19 induced financial crisis is creating problems for private equity funds currently out on the road fundraising. Moreover, first time fundraisers out there in the market will struggle to reach fund closes this year, and even fewer debut managers are expected to launch new vehicles in the current climate.
CEPRES, a provider of portfolio forecasting for Private Markets, is advising clients to use 10 per cent VaR (Value at Risk) forecasts for 2020 and 2021 due to the COVID-19 outbreak. CEPRES projects outcomes for more than 100 Institutional investor portfolios around the world including pensions, insurers and endowments based on their “PE.Forecast” software. The technology runs 100,000s systematic and idiosyncratic Monte Carlo based scenarios to build distributions for future portfolio liquidity, NAV and returns.
By studying previous crash scenarios and comparing to the impact of the current crisis, CEPRES experts are now applying a 10 per cent VaR liquidity forecast
US-based private equity firm Thoma Bravo has agreed to acquire Command Alkon from its current owner Quilvest Capital Partners.
Command Alkon supplies collaboration platforms for construction’s heavy work, focused on the software and technology-enabled services sectors.
“This agreement is a testament to Command Alkon’s sustained growth, leading market position, and the opportunities opened by our purpose-built platform for heavy construction,” said Larry Neubauer, a senior partner at Quilvest and chairman of the board at Command Alkon.
“Both the board and Quilvest are excited to announce Thoma Bravo’s stewardship of the company. Their investment track record in B2B enterprise software should
Seafort Advisors has invested in Deskcenter AG, the parent company of Deskcenter UK, becoming the company’s new majority shareholder as a result.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
