DealMarket DIGEST Issue 146 // 20 June 2014CAR FOR YOU
This document summarizes recent private equity deals and trends from around the world:
- TPG is leading a consortium including PAG Asia Capital and Ontario Teachers' Pension Plan in a $1.15 billion buyout of a property unit from Australian engineering firm UGL.
- European buyout deals are at their lowest level since 2009, though bolt-on acquisitions that help companies expand are increasing.
- India and Singapore are home to the largest proportion of Asia-Pacific based family offices that invest in private equity funds.
- China is seeing record-high buyout volumes in 2014, with $6.8 billion year-to-date across 30 deals, driven by real estate
DealMarket DIGEST Issue 107 // 06 September 2013CAR FOR YOU
1) Despite some large headline deals, M&A and exit activity in Europe remains below previous years according to data from Unquote and Zephyr. Private equity deal activity has remained strong however and is creating a record year for investment banking fees.
2) Crowdfunding is growing in usage and specialization, with new platforms emerging focused on specific industries like medical devices. It is also growing internationally, with new platforms launching in China.
3) Turkey has seen strong M&A activity so far in 2013 despite political unrest over the summer, with deal value up 15% from the previous year.
4) Venture capital activity in Europe has stronger momentum than in the US according to analysts at Go
DealMarket DIGEST Issue 175 // 06 March 2015CAR FOR YOU
The document discusses recent trends in the private equity industry, including slowing global IPO momentum, Yale Endowment reducing its PE allocation, and family firms taking more risks than PE-owned firms. It also notes that a study found most PE professionals believe the current PE business model needs changes, and that exits from Asia are weakening so PE firms are poised to invest more. The weekly digest provides updates on private equity news and trends from various sources.
DealMarket DIGEST Issue 173 // 20 February 2015CAR FOR YOU
The document summarizes several news articles related to private equity:
1) Large pension funds are reducing the number of private equity fund managers in their portfolios and keeping fees low. CalPERS reduced its PE relationships from 300 to around 150 managers.
2) Private equity could improve its reporting of returns and relationship with investors by learning lessons from impact investors, who use both qualitative and quantitative measures.
3) The top locations for "unicorn" startup companies valued over $1 billion are now Beijing, New York, Stockholm, Berlin, Los Angeles, and London, rather than just Silicon Valley.
4) A footwear publication says the industry is ripe for deals, as brand names like Reebok
Australian Private Equity & Venture Capital Journal // February 2015CAR FOR YOU
The document summarizes several private equity deals and investment activity:
1) Pacific Equity Partners exits cinema operator Hoyts Group with a sale to a Chinese billionaire's investment vehicle for over $800 million.
2) An $872 million bid by a private equity consortium to take heavy engineering company Bradken private has been shelved due to difficulties obtaining satisfactory loan funding.
3) New Zealand's largest private equity manager, Maui Capital, acquires a 50% stake in a trans-Tasman wood chip and paper pulp company.
4) International alternative assets manager Apollo Global Management takes a 50% stake in a $1 billion spin-off of services operations from construction company Leight
DealMarket DIGEST Issue 170 // 30 January 2015CAR FOR YOU
The document provides a summary of recent news and events in the private equity industry:
1) The Korea Investment Corp plans to double its allocation to alternative assets like private equity from 8% to 20% of its portfolio, focusing on developed markets like the US and Europe. It also aims to expand its internal research team to make more direct investments.
2) A growing trend sees employee stock ownership plans (ESOPs) combining with private equity firms to facilitate management or employee buyouts of mid-sized companies.
3) A survey of top performing stocks over the past 15 years found they were from a diverse range of growing companies, not just tech, including a coffee company and kitchen equipment maker.
DealMarket DIGEST Issue 167 // 19 December 2014CAR FOR YOU
The document summarizes several news items from the private equity industry:
1) A study found that private equity funds with GPs that specialize and have more of their own money invested ("skin in the game") achieve higher returns.
2) IT company Riverbed agreed to a $3.6 billion take-private deal led by Thoma Bravo and Ontario Teachers' Pension Plan.
3) A survey found that almost all LPs expect returns above 11% in 2015 and many plan to increase their PE allocations.
DealMarket DIGEST Issue 146 // 20 June 2014CAR FOR YOU
This document summarizes recent private equity deals and trends from around the world:
- TPG is leading a consortium including PAG Asia Capital and Ontario Teachers' Pension Plan in a $1.15 billion buyout of a property unit from Australian engineering firm UGL.
- European buyout deals are at their lowest level since 2009, though bolt-on acquisitions that help companies expand are increasing.
- India and Singapore are home to the largest proportion of Asia-Pacific based family offices that invest in private equity funds.
- China is seeing record-high buyout volumes in 2014, with $6.8 billion year-to-date across 30 deals, driven by real estate
DealMarket DIGEST Issue 107 // 06 September 2013CAR FOR YOU
1) Despite some large headline deals, M&A and exit activity in Europe remains below previous years according to data from Unquote and Zephyr. Private equity deal activity has remained strong however and is creating a record year for investment banking fees.
2) Crowdfunding is growing in usage and specialization, with new platforms emerging focused on specific industries like medical devices. It is also growing internationally, with new platforms launching in China.
3) Turkey has seen strong M&A activity so far in 2013 despite political unrest over the summer, with deal value up 15% from the previous year.
4) Venture capital activity in Europe has stronger momentum than in the US according to analysts at Go
DealMarket DIGEST Issue 175 // 06 March 2015CAR FOR YOU
The document discusses recent trends in the private equity industry, including slowing global IPO momentum, Yale Endowment reducing its PE allocation, and family firms taking more risks than PE-owned firms. It also notes that a study found most PE professionals believe the current PE business model needs changes, and that exits from Asia are weakening so PE firms are poised to invest more. The weekly digest provides updates on private equity news and trends from various sources.
DealMarket DIGEST Issue 173 // 20 February 2015CAR FOR YOU
The document summarizes several news articles related to private equity:
1) Large pension funds are reducing the number of private equity fund managers in their portfolios and keeping fees low. CalPERS reduced its PE relationships from 300 to around 150 managers.
2) Private equity could improve its reporting of returns and relationship with investors by learning lessons from impact investors, who use both qualitative and quantitative measures.
3) The top locations for "unicorn" startup companies valued over $1 billion are now Beijing, New York, Stockholm, Berlin, Los Angeles, and London, rather than just Silicon Valley.
4) A footwear publication says the industry is ripe for deals, as brand names like Reebok
Australian Private Equity & Venture Capital Journal // February 2015CAR FOR YOU
The document summarizes several private equity deals and investment activity:
1) Pacific Equity Partners exits cinema operator Hoyts Group with a sale to a Chinese billionaire's investment vehicle for over $800 million.
2) An $872 million bid by a private equity consortium to take heavy engineering company Bradken private has been shelved due to difficulties obtaining satisfactory loan funding.
3) New Zealand's largest private equity manager, Maui Capital, acquires a 50% stake in a trans-Tasman wood chip and paper pulp company.
4) International alternative assets manager Apollo Global Management takes a 50% stake in a $1 billion spin-off of services operations from construction company Leight
DealMarket DIGEST Issue 170 // 30 January 2015CAR FOR YOU
The document provides a summary of recent news and events in the private equity industry:
1) The Korea Investment Corp plans to double its allocation to alternative assets like private equity from 8% to 20% of its portfolio, focusing on developed markets like the US and Europe. It also aims to expand its internal research team to make more direct investments.
2) A growing trend sees employee stock ownership plans (ESOPs) combining with private equity firms to facilitate management or employee buyouts of mid-sized companies.
3) A survey of top performing stocks over the past 15 years found they were from a diverse range of growing companies, not just tech, including a coffee company and kitchen equipment maker.
DealMarket DIGEST Issue 167 // 19 December 2014CAR FOR YOU
The document summarizes several news items from the private equity industry:
1) A study found that private equity funds with GPs that specialize and have more of their own money invested ("skin in the game") achieve higher returns.
2) IT company Riverbed agreed to a $3.6 billion take-private deal led by Thoma Bravo and Ontario Teachers' Pension Plan.
3) A survey found that almost all LPs expect returns above 11% in 2015 and many plan to increase their PE allocations.
DealMarket DIGEST Issue 163 //21 November 2014CAR FOR YOU
The document summarizes several news items from the private equity industry:
1) A study found that several venture capital funds outperformed during the 2008 financial crisis, including Union Square Ventures, Avalon Ventures VIII, and Emergence Capital Partners II.
2) Many European entrepreneurs are founding startups in Southeast Asia for business opportunities and financial success, not just for better weather. Payments services are seen as attractive for expansion to other emerging markets.
3) Global M&A volume hit a seven-year high in 2014, with healthcare deals reaching a record level. Private equity accounted for over 20% of deal volume.
DealMarket DIGEST Issue 162 //14 November 2014CAR FOR YOU
This weekly digest from DealMarket provides summaries of recent private equity news items:
1) A study found that family-owned businesses were more innovative than comparable companies, filing more patents while spending less on R&D.
2) A report showed that sector-focused private investment funds outperformed generalist PE funds over 10 years, with sector specialists achieving higher returns.
3) Sequoia Capital shared "eternal truths" from its decades of investing, including that outperformance comes from patience and gradual team improvement.
Australian Private Equity & Venture Capital Journal // October 2014CAR FOR YOU
This document is an issue of the Australian Private Equity & Venture Capital Journal from October 2014. It contains summaries of several private equity deals and investments in Australian and international companies. Specifically, it mentions:
1) CHAMP Private Equity is in discussions to acquire two Australian and New Zealand businesses from listed company Nuplex Industries.
2) Quadrant Private Equity has invested over $100 million for a 45% stake in Canberra-based data centers company CDC, valuing the business between $250-300 million.
3) Affinity Equity Partners will acquire a 35% stake in Virgin Australia's frequent flyer program for $336 million.
FNEX - Alternatives & Private Investments on the Rise...CAR FOR YOU
Does your portfolio have adequate diversification? The five-year bull market in equities has been breathtaking, with the Dow Jones Industrial Average gaining more than 150% since the Great Recession. So, it’s easy to forget that in the last 15 years investors in stocks have suffered two major
setbacks: a decline of 38% after the Internet Bubble collapsed in 2001, and an even bigger crash of 54% following the start of the Financial Crisis in 2008. With
the DJIA again at record highs, is the time nearing for another major correction?
Australian Private Equity & Venture Capital Journal // September 2014CAR FOR YOU
The document discusses several private equity deals and investments:
- Affinity Equity Partners is acquiring a 35% stake in Virgin Australia's frequent flyer program Velocity Frequent Flyer for $336 million.
- Advent Private Capital has invested up to $50 million for a 35% stake in the merger of two large regional diagnostic imaging businesses, Lake Imaging and South Coast Radiology, creating Australia's fourth largest player in the radiology services sector.
- Pacific Equity Partners sold down its stake in Veda, returning $579.3 million, after escrow ended following Veda releasing its FY2014 results which exceeded forecasts.
Go4Venture Bulletin - Venture & Growth Equity Market Report Europe, July 2014CAR FOR YOU
Go4Ventures Bulletin provides a summary of corporate finance activity among emerging European TMT companies:
- Investments, i.e. Venture Capital and Private Equity financings, including growth equity, financing rounds with single secondaries components (recapitalisations)
- M&A Transactions where the sellers are VC and PE-backed European companies, including all majority transactions with no new investment going into the business (e.g. acquisitions, Management Buyouts (MBOs) and other buyouts).
Australian Private Equity & Venture Capital JournalCAR FOR YOU
The private equity firms Kohlberg Kravis Roberts and Rhône Capital have raised their bid for Australian wine company Treasury Wine Estates to $3.4 billion. Pacific Equity Partners is exiting New Zealand snack food company Griffin's Foods through its $NZ700 million sale to Philippines company Universal Robina Corporation. Griffin's was acquired by PEP in 2006 and has since grown significantly through export expansion and manufacturing investments. Carlyle Group and TPG Capital's float of Australian healthcare company Healthscope on the ASX raised $2.6 billion, setting a new record for an Australian private equity IPO.
Press Release DealMarket awarded Business Intelligence Aawrd 2014CAR FOR YOU
DealMarket was awarded "Private Equity Platform of the Year" in the 2014 Business Excellence Awards by Acquisition International Magazine. The awards recognize leaders in their fields who have demonstrated outstanding work over the last 12 months as nominated by clients and peers. Urs Haeusler, CEO of DealMarket, said the award acknowledges their work to bring fundraisers and investors together in a more efficient way through a free matchmaking marketplace, access to PE databases, and a cloud-based deal flow management tool. DealMarket offers a comprehensive online platform for fundraising and deal flow management to help professionals in the private investment industry.
DealMarket DIGEST Issue 140 // 09 May 2014CAR FOR YOU
This document provides a summary of recent news and deals in the private equity industry:
- M&A activity in the Middle East increased in Q1 2014, with the top deal being a $700 million acquisition in Qatar. Foreign investment in the region also significantly increased.
- German fire safety company Minimax is being sold to private equity firms in a potential $1.8 billion deal.
- Large tech companies like Yahoo and Google led the US in M&A deals in 2013, paying high multiples for acquisitions in their pursuit of technology dominance.
- Sovereign wealth funds and family offices have increasingly been investing directly in the European venture capital market in large deals.
- Fundraising
DealMarket DIGEST Issue 130 // 28 Feburary 2014 CAR FOR YOU
The document summarizes recent private equity news from various sources. It discusses growing investment in distressed assets and niche industries to avoid overpaying. It also notes renewed private equity interest in Southern Europe as the region's economies improve. Additionally, it predicts increased buyout activity in Europe as non-bank lenders provide more financing. The document also highlights the large compensation of top private equity executives and strong performance of private equity-backed IPOs globally. Finally, it includes a quote from the IMF chief on the impact of technology on jobs and inequality.
Ernst & Young - Private Equity primed for new opportunitiesCAR FOR YOU
The survey found that private equity CFOs have expertly navigated regulatory challenges and are focused on operational efficiencies. Nearly half of CFOs see increasing regulation and compliance as their top concern over the next two years due to the drain on resources. Most anticipate regulatory changes will increase costs, and about 40% feel regulations may inhibit cost control and infrastructure improvements. However, CFOs have generally dealt confidently with regulatory burdens like FATCA and AIFMD and do not expect them to reduce fundraising efforts. CFOs are also enhancing valuation processes and increasing involvement in preparing valuations to address regulator and investor demands.
Ernst & Young Asia-Pacific - Private Equity-Outlook-2014CAR FOR YOU
The document provides an overview and outlook of the Asia-Pacific private equity market in 2014 based on a survey of industry participants. Some key points:
1) Making acquisitions and fundraising will be top priorities for private equity firms in 2014 as they seek to add assets and capitalize on opportunities in the region.
2) Overvalued targets and regulatory issues are seen as the biggest challenges, replacing corporate competition which had been the top challenge in previous years.
3) The consumer sector is expected to surpass energy/mining/utilities as the preferred industry focus, reflecting the growing Asian middle class. Trade sales to corporate buyers will be a preferred exit route due to continued lack of IPO opportunities.
DealMarket DIGEST Issue 124 // 17 January 2014CAR FOR YOU
The weekly private equity digest provides:
1) An overview of notable private equity news items from the past week, including a US fashion retailer seeking buyout bids and strong private equity dealmaking in India.
2) Insights into trends in the deal environment, such as unclear prospects for M&A in 2014 and accelerated venture capital growth in Europe last year.
3) A featured quote from a VC predicting disruption of the financial services industry from technology competitors.
The Go4Venture Advisers’ European Venture & Growth Equity Market Monthly Bull...CAR FOR YOU
The Go4Venture Advisers’ European Venture & Growth Equity Market Monthly Bulletin provides a summary of corporate finance activity among emerging European TMT companies:
Investments, i.e. Venture Capital (VC) and Private Equity (PE) financings, including growth equity, financing rounds with single secondaries components (recapitalisations); and
M&A Transactions where the sellers are VC and PE-backed European companies, including all majority transactions with no new investment going into the business (e.g. acquisitions, Management Buyouts (MBOs) and other buyouts).
DealMarket DIGEST Issue 117 // 15 November 2013CAR FOR YOU
The weekly Dealmarket Digest provides summaries of notable private equity news items from the past week. The document summarized includes articles on:
1) Cautious optimism for increased M&A dealmaking in the Middle East and North Africa region in 2013 compared to 2012, though activity remains well below 2011 levels.
2) Growth in assets of sovereign wealth funds, totaling over $750 billion since 2012, which may boost future private equity investments as these funds mature.
3) Increased private equity investment in the fashion industry, with several firms bidding on Versace, and the total value of retail apparel deals rising ten-fold in one year.
4) Large endowments like Yale monitoring private equity
DealMarket DIGEST Issue 116 // 08 November 2013CAR FOR YOU
This weekly digest provides summaries of recent private equity news items:
1) KKR is teaming with Kuwait Petroleum Corp to bid up to EUR 5 billion for RWE's German oil and gas unit DEA.
2) A new study finds that specialist funds and those demonstrating value-add are in high demand, and that large asset managers may replace investment banks in some product lines within a decade.
3) A report shows that US public pension funds have achieved 10% annualized returns from private equity over 10 years, higher than any other asset class. The top performing funds were located in Massachusetts, Los Angeles, and Texas.
4) Global M&A activity in the insurance
DealMarket DIGEST Issue 115 // 01 November 2013CAR FOR YOU
The summary provides an overview of the key topics covered in the document:
1) Some tech startups are choosing IPOs over acquisition offers from larger tech companies in order to retain control and achieve higher valuations.
2) Pension funds are seeking less traditional private equity investments that can generate returns as some buyout funds from the boom era have underperformed.
3) M&A activity is gaining momentum globally as corporate confidence increases, with over a third of executives planning acquisitions in the next year.
PFMS, India's Public Financial Management System, revolutionizes fund tracking and distribution, ensuring transparency and efficiency. It enables real-time monitoring, direct benefit transfers, and comprehensive reporting, significantly improving financial management and reducing fraud across government schemes.
DealMarket DIGEST Issue 163 //21 November 2014CAR FOR YOU
The document summarizes several news items from the private equity industry:
1) A study found that several venture capital funds outperformed during the 2008 financial crisis, including Union Square Ventures, Avalon Ventures VIII, and Emergence Capital Partners II.
2) Many European entrepreneurs are founding startups in Southeast Asia for business opportunities and financial success, not just for better weather. Payments services are seen as attractive for expansion to other emerging markets.
3) Global M&A volume hit a seven-year high in 2014, with healthcare deals reaching a record level. Private equity accounted for over 20% of deal volume.
DealMarket DIGEST Issue 162 //14 November 2014CAR FOR YOU
This weekly digest from DealMarket provides summaries of recent private equity news items:
1) A study found that family-owned businesses were more innovative than comparable companies, filing more patents while spending less on R&D.
2) A report showed that sector-focused private investment funds outperformed generalist PE funds over 10 years, with sector specialists achieving higher returns.
3) Sequoia Capital shared "eternal truths" from its decades of investing, including that outperformance comes from patience and gradual team improvement.
Australian Private Equity & Venture Capital Journal // October 2014CAR FOR YOU
This document is an issue of the Australian Private Equity & Venture Capital Journal from October 2014. It contains summaries of several private equity deals and investments in Australian and international companies. Specifically, it mentions:
1) CHAMP Private Equity is in discussions to acquire two Australian and New Zealand businesses from listed company Nuplex Industries.
2) Quadrant Private Equity has invested over $100 million for a 45% stake in Canberra-based data centers company CDC, valuing the business between $250-300 million.
3) Affinity Equity Partners will acquire a 35% stake in Virgin Australia's frequent flyer program for $336 million.
FNEX - Alternatives & Private Investments on the Rise...CAR FOR YOU
Does your portfolio have adequate diversification? The five-year bull market in equities has been breathtaking, with the Dow Jones Industrial Average gaining more than 150% since the Great Recession. So, it’s easy to forget that in the last 15 years investors in stocks have suffered two major
setbacks: a decline of 38% after the Internet Bubble collapsed in 2001, and an even bigger crash of 54% following the start of the Financial Crisis in 2008. With
the DJIA again at record highs, is the time nearing for another major correction?
Australian Private Equity & Venture Capital Journal // September 2014CAR FOR YOU
The document discusses several private equity deals and investments:
- Affinity Equity Partners is acquiring a 35% stake in Virgin Australia's frequent flyer program Velocity Frequent Flyer for $336 million.
- Advent Private Capital has invested up to $50 million for a 35% stake in the merger of two large regional diagnostic imaging businesses, Lake Imaging and South Coast Radiology, creating Australia's fourth largest player in the radiology services sector.
- Pacific Equity Partners sold down its stake in Veda, returning $579.3 million, after escrow ended following Veda releasing its FY2014 results which exceeded forecasts.
Go4Venture Bulletin - Venture & Growth Equity Market Report Europe, July 2014CAR FOR YOU
Go4Ventures Bulletin provides a summary of corporate finance activity among emerging European TMT companies:
- Investments, i.e. Venture Capital and Private Equity financings, including growth equity, financing rounds with single secondaries components (recapitalisations)
- M&A Transactions where the sellers are VC and PE-backed European companies, including all majority transactions with no new investment going into the business (e.g. acquisitions, Management Buyouts (MBOs) and other buyouts).
Australian Private Equity & Venture Capital JournalCAR FOR YOU
The private equity firms Kohlberg Kravis Roberts and Rhône Capital have raised their bid for Australian wine company Treasury Wine Estates to $3.4 billion. Pacific Equity Partners is exiting New Zealand snack food company Griffin's Foods through its $NZ700 million sale to Philippines company Universal Robina Corporation. Griffin's was acquired by PEP in 2006 and has since grown significantly through export expansion and manufacturing investments. Carlyle Group and TPG Capital's float of Australian healthcare company Healthscope on the ASX raised $2.6 billion, setting a new record for an Australian private equity IPO.
Press Release DealMarket awarded Business Intelligence Aawrd 2014CAR FOR YOU
DealMarket was awarded "Private Equity Platform of the Year" in the 2014 Business Excellence Awards by Acquisition International Magazine. The awards recognize leaders in their fields who have demonstrated outstanding work over the last 12 months as nominated by clients and peers. Urs Haeusler, CEO of DealMarket, said the award acknowledges their work to bring fundraisers and investors together in a more efficient way through a free matchmaking marketplace, access to PE databases, and a cloud-based deal flow management tool. DealMarket offers a comprehensive online platform for fundraising and deal flow management to help professionals in the private investment industry.
DealMarket DIGEST Issue 140 // 09 May 2014CAR FOR YOU
This document provides a summary of recent news and deals in the private equity industry:
- M&A activity in the Middle East increased in Q1 2014, with the top deal being a $700 million acquisition in Qatar. Foreign investment in the region also significantly increased.
- German fire safety company Minimax is being sold to private equity firms in a potential $1.8 billion deal.
- Large tech companies like Yahoo and Google led the US in M&A deals in 2013, paying high multiples for acquisitions in their pursuit of technology dominance.
- Sovereign wealth funds and family offices have increasingly been investing directly in the European venture capital market in large deals.
- Fundraising
DealMarket DIGEST Issue 130 // 28 Feburary 2014 CAR FOR YOU
The document summarizes recent private equity news from various sources. It discusses growing investment in distressed assets and niche industries to avoid overpaying. It also notes renewed private equity interest in Southern Europe as the region's economies improve. Additionally, it predicts increased buyout activity in Europe as non-bank lenders provide more financing. The document also highlights the large compensation of top private equity executives and strong performance of private equity-backed IPOs globally. Finally, it includes a quote from the IMF chief on the impact of technology on jobs and inequality.
Ernst & Young - Private Equity primed for new opportunitiesCAR FOR YOU
The survey found that private equity CFOs have expertly navigated regulatory challenges and are focused on operational efficiencies. Nearly half of CFOs see increasing regulation and compliance as their top concern over the next two years due to the drain on resources. Most anticipate regulatory changes will increase costs, and about 40% feel regulations may inhibit cost control and infrastructure improvements. However, CFOs have generally dealt confidently with regulatory burdens like FATCA and AIFMD and do not expect them to reduce fundraising efforts. CFOs are also enhancing valuation processes and increasing involvement in preparing valuations to address regulator and investor demands.
Ernst & Young Asia-Pacific - Private Equity-Outlook-2014CAR FOR YOU
The document provides an overview and outlook of the Asia-Pacific private equity market in 2014 based on a survey of industry participants. Some key points:
1) Making acquisitions and fundraising will be top priorities for private equity firms in 2014 as they seek to add assets and capitalize on opportunities in the region.
2) Overvalued targets and regulatory issues are seen as the biggest challenges, replacing corporate competition which had been the top challenge in previous years.
3) The consumer sector is expected to surpass energy/mining/utilities as the preferred industry focus, reflecting the growing Asian middle class. Trade sales to corporate buyers will be a preferred exit route due to continued lack of IPO opportunities.
DealMarket DIGEST Issue 124 // 17 January 2014CAR FOR YOU
The weekly private equity digest provides:
1) An overview of notable private equity news items from the past week, including a US fashion retailer seeking buyout bids and strong private equity dealmaking in India.
2) Insights into trends in the deal environment, such as unclear prospects for M&A in 2014 and accelerated venture capital growth in Europe last year.
3) A featured quote from a VC predicting disruption of the financial services industry from technology competitors.
The Go4Venture Advisers’ European Venture & Growth Equity Market Monthly Bull...CAR FOR YOU
The Go4Venture Advisers’ European Venture & Growth Equity Market Monthly Bulletin provides a summary of corporate finance activity among emerging European TMT companies:
Investments, i.e. Venture Capital (VC) and Private Equity (PE) financings, including growth equity, financing rounds with single secondaries components (recapitalisations); and
M&A Transactions where the sellers are VC and PE-backed European companies, including all majority transactions with no new investment going into the business (e.g. acquisitions, Management Buyouts (MBOs) and other buyouts).
DealMarket DIGEST Issue 117 // 15 November 2013CAR FOR YOU
The weekly Dealmarket Digest provides summaries of notable private equity news items from the past week. The document summarized includes articles on:
1) Cautious optimism for increased M&A dealmaking in the Middle East and North Africa region in 2013 compared to 2012, though activity remains well below 2011 levels.
2) Growth in assets of sovereign wealth funds, totaling over $750 billion since 2012, which may boost future private equity investments as these funds mature.
3) Increased private equity investment in the fashion industry, with several firms bidding on Versace, and the total value of retail apparel deals rising ten-fold in one year.
4) Large endowments like Yale monitoring private equity
DealMarket DIGEST Issue 116 // 08 November 2013CAR FOR YOU
This weekly digest provides summaries of recent private equity news items:
1) KKR is teaming with Kuwait Petroleum Corp to bid up to EUR 5 billion for RWE's German oil and gas unit DEA.
2) A new study finds that specialist funds and those demonstrating value-add are in high demand, and that large asset managers may replace investment banks in some product lines within a decade.
3) A report shows that US public pension funds have achieved 10% annualized returns from private equity over 10 years, higher than any other asset class. The top performing funds were located in Massachusetts, Los Angeles, and Texas.
4) Global M&A activity in the insurance
DealMarket DIGEST Issue 115 // 01 November 2013CAR FOR YOU
The summary provides an overview of the key topics covered in the document:
1) Some tech startups are choosing IPOs over acquisition offers from larger tech companies in order to retain control and achieve higher valuations.
2) Pension funds are seeking less traditional private equity investments that can generate returns as some buyout funds from the boom era have underperformed.
3) M&A activity is gaining momentum globally as corporate confidence increases, with over a third of executives planning acquisitions in the next year.
PFMS, India's Public Financial Management System, revolutionizes fund tracking and distribution, ensuring transparency and efficiency. It enables real-time monitoring, direct benefit transfers, and comprehensive reporting, significantly improving financial management and reducing fraud across government schemes.
CRYPTOCURRENCY REVOLUTIONIZING THE FINANCIAL LANDSCAPE AND SHAPING THE FUTURE...itsfaizankhan091
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has revolutionized the financial landscape. Originating with Bitcoin's inception in 2009 by the pseudonymous Satoshi Nakamoto, cryptocurrencies have grown from niche curiosities to mainstream financial instruments, reshaping how we think about money, transactions, and the global economy.
The birth of Bitcoin marked the beginning of the cryptocurrency era. Unlike traditional currencies issued by governments and controlled by central banks, Bitcoin operates on a decentralized network using blockchain technology. This technology ensures transparency, security, and immutability of transactions, fundamentally challenging the centralized financial systems that have dominated for centuries.
Bitcoin was conceived as a peer-to-peer electronic cash system, aimed at providing an alternative to the traditional banking system plagued by inefficiencies, high fees, and lack of transparency. The underlying blockchain technology, a distributed ledger maintained by a network of nodes, ensures that every transaction is recorded and cannot be altered, thus providing a secure and transparent financial system.
June 20, 2024
CRYPTOCURRENCY: REVOLUTIONIZING THE FINANCIAL LANDSCAPE AND SHAPING THE FUTURE
Cryptocurrency: Revolutionizing the Financial Landscape and Shaping the Future
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has revolutionized the financial landscape. Originating with Bitcoin's inception in 2009 by the pseudonymous Satoshi Nakamoto, cryptocurrencies have grown from niche curiosities to mainstream financial instruments, reshaping how we think about money, transactions, and the global economy.
#### The Genesis of Cryptocurrency
The birth of Bitcoin marked the beginning of the cryptocurrency era. Unlike traditional currencies issued by governments and controlled by central banks, Bitcoin operates on a decentralized network using blockchain technology. This technology ensures transparency, security, and immutability of transactions, fundamentally challenging the centralized financial systems that have dominated for centuries.
Bitcoin was conceived as a peer-to-peer electronic cash system, aimed at providing an alternative to the traditional banking system plagued by inefficiencies, high fees, and lack of transparency. The underlying blockchain technology, a distributed ledger maintained by a network of nodes, ensures that every transaction is recorded and cannot be altered, thus providing a secure and transparent financial system.
#### The Proliferation of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies, or altcoins, have emerged. Each of these altcoins aims to improve upon Bitcoin or serve specific purposes within the digital economy. Notable examples include Ethereum, which introduced smart contracts – self-executing contracts with the terms of the agreement
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...Alexander Belyaev
Calculation of compliance cost in the fishing industry of Russia after extended SCM model (Veterinary and sanitary control of aquatic biological resources (ABR) - Preparation of documents, passing expertise)
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
Heather Elizabeth HamoodHeather Elizabeth Hamoodheatherhamood
Heather Hamood is a Licensed Physician who enjoys playing the Violin in her spare time. In addition to helping people as a Doctor, she loves to share her passion for the violin.
Introduction to Metro in India by cosmo soil.pptxcosmo-soil
The metro system in India is a vital part of urban mobility, providing eco-friendly, efficient, and affordable transportation. This article explores its history, benefits, and future developments, highlighting how metros enhance quality of life and drive urban development.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
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1. DIGEST 152
September 05, 2014
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Booming: Exits Benefit Tech and Buyout Funds
Blockbuster Fundraising by Women-led VC Fund
Defying Dire Forecasts PE Industry Keeps Growing
Record for China Debt Capital Volume
Compuware Goes to PE for USD 2.5 Billion
Quote of the Week: Long Term Capital
Targets India
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BOOMING: EXITS BENEFIT TECH AND BUYOUT FUNDS
In the second quarter Europe saw a brisk level of exit activity with 92 tech exits, up from
54 deals tracked in Q1 2014 by techeu. At the same time, an IPO surge has aided the ability of private equity exit via both trade sales and going public, reports efinancialnews. European exits rose to USD 59.3 billion across 204 deals between January and the end of June this year, up from USD 32.4 billion over 203 deals in the same period last year.
Large deals include Cinven and Carlyle Group’s USD 5.7 billion exit from cable operator Numericable Group to telecommunications company Altice Group in April, CVC Capital Partners’ sold a printing product company for USD3 billion, and Oak Hill Capital Partners’ USD 3 billion exit from jet engine components maker Firth Rixson. These were traditional trade sales, according to efinancialnews.
BLOCKBUSTER FUNDRAISING BY
WOMEN-LED VC FUND
Oak HC/FT Fund announced this week it raised a USD 500 million led by Ann H. Lamont, Managing Partner, Andrew W. Adams and Patricia F. Kemp. Commenting on the press release long-time industry observer Dan Primack said it is the largest women-led fund ever. Since only about 4 percent of senior investing partners in US venture capital are women, according to data from Pitchbook (cited here), makes the fund’s announcement particularly newsworthy.
Oak HC/FT is a new fund but a proven team. The healthcare team includes Nancy Brown, Venture Partner, with healthcare industry experience, and Andrew Adams, a longtime PE investor with Medtech and healthcare experience. On the fintech team is Anil Aggarwal and Johnathan Weiner, the founders of Money20/20. The plan is to buy into US and European companies for growth and expansion. The firm is based in Connecticut.
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DEFYING DIRE FORECASTS PE INDUSTRY KEEPS GROWING
Since the financial crisis of 2008, observers and even insiders have been predicting a massive shakeout in the PE market, but it seems the notion was wrong. No matter how you look at it PE is bigger than ever. Just take a look at the latest figures for PE assets under management (AuM) and number of funds in the market. By the end of 2013, PE’s total AuM reached USD 3.7 trn, according to Preqin. A lot of that capital is so-called “dry powder”. Its analysts write in an August Spotlight that private equity industry’s AUM has risen steadily year on year since 2001 with no indication of a slowdown, as its graphic above illustrates. Current fundraising activity reinforces expectations that the upward trend will continue with Preqin’s latest fundraising report counting a record-breaking 2200 funds in the market, according to PEHub.
ITS A RECORD FOR CHINA DEBT CAPITAL
VOLUME
China Debt Capital Markets volume stands at USD 426.7bn in 2014 so far this year, up 49% from USD 287.1bn issued in 2013 in the same period. It is the highest YTD total on record, according to dealogic. A vibrant DCM provides liquidity for leveraged buyouts, important for PE players in the region. There were 1,568 deals in 2014 (as of end of August). Chinese activity accounts for a record 81% of BRIC DCM volume, up 14 percentage points year-on- year, and eight percentage points higher than the previous record of 73% seen in 2009 YTD. Dealogic did not specify PE figures, but it did note that the construction sector dominates, with Real Estate/Property and Transportation behind it in terms of market share.
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COMPUWARE GOES TO PE FOR USD 2.5 BILLION
This week’s deal of the week is a private equity buyout of publicly traded Compuware, a 40 year old Detroit-based IT company by Thoma Bravo. As announced by the company, the PE investor aims to focus the company on its core business of mainframe and performance enhancement software, and then to divest non-core activities. Thoma Bravo had already been working with the Compuware board on the spinoff of its subsidiary Covisint (and took it to a lucrative IPO). The Compuware valuation is USD 2.5 million. The company came into play as a result of a hedge fund investor who has a track record for instigating value creation through private equity among other techniques.
QUOTE OF THE WEEK: LONG TERM CAPITAL TARGETS INDIA
“Quite a few pension funds from Western Europe and North America are exploring the opportunity to increase their exposure to India, as there are more brownfield assets available today and the sentiment has improved with more proactive actions being taken by the government.”
Who said it: Vikram S. Gandhi, Founder of Delhi-based VSG Capital Advisors
In context: Investment in India is picking up, not only in the startup sphere, but in other less sexy areas, such as existing ventures in commercial real-estate, roads, power plants, and Tech parks. It’s a segment that has seen about USD 35 billion invested over the past ten decade. These so-called brownfield investments and are becoming popular with long-term capital investors, such as international pension funds and family offices, as well as other institutional investors, according to Gandhi, who is also a senior advisor to the Canada Pension Plan, a leading PE direct investor and fund backer.
Where we found it: Business Standard
5. www.DealMarket.com/digest
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Editor: Valerie Thompson, Zurich
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