Private Equity news

IBC Group, a private equity firm that focuses on blockchain technology, has closed down all its Bitcoin (BTC/USD) and Ethereum (ETH/USD) mining facilities in China in response to the government’s decision to limit cryptocurrency mining. The company doesn’t appear to be worried and believes this will lead to…

The co-founder of Apollo Global Management Inc (NYSE: APO), Josh Harris, will step down from his day-to-day role at the firm, according to a Wall Street Journal story. Harris along with Leon Black and Marc Rowan founded the New York headquartered firm in 1990. Rowan currently serves as…

Hedge funds have been investing their capital in private companies for some years as they didn’t want to miss out on the profit opportunities with companies remaining private for longer. But now they are further boosting their presence in the private markets. Let’s explore some of the reasons for…

On September 10, Virtusa Corporation (NASDAQ: VRTU) announced that it had signed a definitive merger agreement with Baring Private Equity Asia (BPEA). The Baring PE will be acquiring all Virtuas’ outstanding common stock for $51.35 per share in an all-cash transaction, translating into approximately $2.0 billion…

Germany-based Auxmoney has announced the fundraising worth €150 Million in growth capital in a round led by Centerbridge Partners. This deal is mentioned to be the biggest fintech capital raising deal in the eurozone region in 2020 so far.  In addition to the current funding, private equity firm Centerbridge Partners…

On 30 July 2020, Crestview Partners announced an investment into Upwell Water LLC, a water-focused specialty finance company.  San Francisco-based Upwell Water’s services consist of providing liquidity and investment solutions to water-related assets. The company acquires and finances water assets.  Upwell Water got spun out of Upwell, LLC, a holding…

Boston based investment firm, Berkshire Partners along with the CrossFit’s incoming CEO Eric Roza, announced buying the global gym brand CrossFit from former CEO and founder Greg Glassman for an undisclosed amount.  Today we signed the final contract to purchase 100% of CrossFit … Now…

Ares Australia Management (“AAM”), a joint venture between Fidante Partners and Ares Management Corporation (NYSE: ARES) has launched its first product in Australia, the Ares Global Credit Income Fund. AAM developed the Fund owing to a growing demand for an investment approach that offers high-income generation while preserving capital…

JP. Morgan (NYSE: JPM) plans to raise about £8 billion to boost its spend during this Covid-19 pandemic period. The firm’s alternative-investment division said the amount would enable them to sail through the current crashed economy. “The magnitude of these dislocations is so significant. To get some of these…

Ben Dell is the founder and managing partner of Kimmeridge Energy Management, a private equity firm that focuses exclusively on the energy sector. When asked by Bloomberg’s Alix Steel how bad most of the energy sector has become amid falling oil prices, his answer can be summarized in one…

Which investment tool generates a higher rate of return over a 10-year period: U.S. stocks or private equity? For the first time ever, the title goes to U.S. stocks, according to a new report.Harvard economist Josh Lerner and consultancy Bain & Co. calculated the average annual return among private…

Rebecca Gibson, a partner at Oakley Capital Private Equity, said during a Bloomberg interview the private equity industry is booming from greater demand among investors, especially major pension funds.Where Demand Comes FromOne recent example of a pension fund shifting focus to private equity is the California State Teachers’ Retirement…

Vanguard Group is the second largest provider of mutual funds and the second-largest provider of exchange-traded funds. The company is backed by $6.2 trillion in assets under management and will allocate some capital to a new private-equity fund, according to a Wednesday Wall Street Journal report.The Game PlanVanguard has…

Jonathan Lavine is a co-managing partner of Bain Capital and serves as the firm’s chief investment officer. On Tuesday he spoke with Bloomberg’s Guy Johnson to offer his take on some of today’s more pressing and hot topics.Coronavirus ConcernsNo conversation on the market direction is complete without discussing the…

The global private equity industry is sitting on $1.5 trillion in cash which poses both a set of challenges and opportunities.Industry Is Feeling Good2019 was a busy year for the private equity industry who oversaw $450 billion worth of deals, Bloomberg said in an early January report. Looking forward…

As per the recent announcement from Manulife Investment Management (Manulife), it has committed around $1.5 billion to Manulife Private Equity Partners (MPEP). Manulife Investment Management is known to work diligently towards offering specialized solutions for asset management to global investors. MPEP is Manulife’s Private Market’s Group’s first fund of…

In the past three years, we have seen a boom in private equity (PE), and venture capital (VC) funds investing billions. In 2016 they invested about $12.8 billion, which tripled to $36.3 billion in 2019 across asset classes and deal sizes. The growth has been robust and diverse for a…

A private equity firm plans to buy Harwood Wealth Management for £91m. Harwood Wealth Management is in the business advisory business. On Monday, the wealth manager announced Hurst Point Topco Ltd, backed by a private equity parent Carlyle had agreed on terms to buy Harwood. The PE firm values Harwood…

Asia-focused lender to also sell majority of private equity investment portfolio

Asia-focused lender sends teaser documents to potential bidders

Clayton Dubilier & Rice and Bain Capital team up to make offer for division

Division takes cut of Rush hair salon