Singapore’s GIC ditched Vista stake after founder’s tax scandal

Move by sovereign wealth fund underlines reputational risks buyout firms face


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Moody’s warns of ‘systemic risk’ from leveraged lending market

Rating agency says looming ‘race to the bottom’ between banks and private debt funds could erode credit quality


http://dlvr.it/SwkQ51

US private equity firm takes stake in Liverpool Football Club

Dynasty Equity investment is latest by a sports-focused fund in a team as valuations rise


http://dlvr.it/Swjzys

Jailed oligarch accuses TPG of colluding with Kremlin to seize $14bn assets

Ziyavudin Magomedov says US buyout group unlawfully sold stake in port business


http://dlvr.it/Swg5Z3

Wells Fargo and Centerbridge team up on $5bn private credit fund

San Francisco-based bank is latest to push into space dominated by alternative money managers


http://dlvr.it/SwdrP8

A hidden US-China decoupling

Private equity firms are becoming the arbiters of a competing set of demands from investors whose interests are political


http://dlvr.it/SwbhrJ

Poland’s complicated relationship with Ukraine

The FT has found that Russia has succeeded in avoiding G7 sanctions on most of its oil exports
http://dlvr.it/SwYn3r

Private equity firms pivot away from traditional buyouts

Blackstone and Apollo executives talk up scope to expand into private credit and infrastructure investing
http://dlvr.it/SwX6gw

Adevinta/Permira: low valuations in European classifieds catch private equity’s eye

Public markets may have lost interest in the region’s online ad sector, but the Oslo-based business is an attractive target
http://dlvr.it/SwTPdv

Bad correlation is back

And private equity adds leverage
http://dlvr.it/SwSJJ1

Complex financial deals demand novel ideas and legal support

Lawyers face greater scrutiny over acquisitions
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FTC lawsuit targets serial acquisitions by private equity

Complaint alleges New York-based firm consolidated market to become ‘dominant player’ for anaesthesia services in Texas
http://dlvr.it/SwRPwN

Private equity: financial engineering prevents valuation check

The sector finds continuous ways to bypass the issue of true price discovery and keep their fee stream running
http://dlvr.it/SwQXfv

Goldman raises $15bn to buy stakes in private equity funds

Latest sign of support for ‘secondary’ strategy amid broader slowdown in buyout fundraising
http://dlvr.it/SwNF6K

Private equity consolidation: mega manager may go the way of Big Tech

Dearth of M&A and IPOs have kept managers from returning cash to their limited partners
http://dlvr.it/SwHvwd

Private credit’s push into Europe is gaining momentum

Activity still forms only a small fraction of traditional lending but it is building
http://dlvr.it/SwFrRh

Private equity M&A set to whittle sector down to 100 ‘next-generation’ firms

Split between managers that can raise money and those that cannot will lead to consolidation, predicts Partners Group CEO
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‘Project Springsteen’: how law firm Paul Weiss raided rival Kirkland in London push

New York company hires lawyers from Chicago-based outfit in bid to build European private equity practice
http://dlvr.it/Sw8Ygx

‘Defending the portfolio’: buyout firms borrow to prop up holdings

Loans secured against private equity funds being used to support struggling businesses amid surge in interest rates
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Private capital sector too complacent about risks, says global regulatory body

Iosco warns ‘hidden risks’ in $13tn industry could be exposed by higher interest rates
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Birkenstock: $8bn IPO valuation could lead to blisters

Revenues are rising but the ambitious sandalmaker might have to accept a discount on this flotation figure
http://dlvr.it/Sw3CTp

Credit hedge funds profit as companies face soaring borrowing costs

Cheaper debt with higher yields offers distressed debt-focused funds opportunities to increase returns
http://dlvr.it/SvtP18

Will London’s members-only scene work in New York?

Plus, one of Europe’s richest families bets on US media and sport and Armani charts his legacy, without a French takeover
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Pinault’s Artémis to buy majority stake in Hollywood talent agency CAA

Transaction begins new chapter for family whose holdings have largely focused on the luxury industry
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Carlyle explores £1bn sale of UK video games maker Jagex

Cambridge-based creator of titles including ‘RuneScape’ had been seen as a candidate for London listing
http://dlvr.it/SvmVFC

KKR to list chip equipment maker as Tokyo experiences IPO revival

Private equity group aims to float Hitachi Kokusai Electric at valuation that would make it Japan’s biggest initial public offering since 2018
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Can Sequoia get its spark back?

Plus, CVC bets on infrastructure and Arm’s target IPO valuation faces sceptical investors
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CVC/DIF Capital: infrastructure deal builds assets under management ahead of IPO

Private equity fund group can expect high valuation if it proceeds with listing
http://dlvr.it/Svg8gQ

Top Altcoins to Consider Adding to Your Portfolio

As the summer is gradually coming to an end, cryptocurrency investors are still keeping an eye out for potential altcoins opportunities. The altcoin market currently shows a positive outlook for investors as on-chain data shows crypto whales investing millions in high-cap tokens that rank among the top 50 crypto rankings. These moves set the ground […]
http://dlvr.it/Svfkch

CVC to buy Dutch infrastructure firm DIF Capital Partners for €1bn

Private equity house seeks to extend range of investment strategies ahead of expected initial public offering
http://dlvr.it/SvdBS8

Ergomed/Permira: buyout group sees drug trial group as contract thriller

Private equity group’s bid for researcher comes as the biomedical market is slowing down post-Covid
http://dlvr.it/SvcgdR

Software LBOs: recurring revenue loans will be a recurrent problem

Revenue should never be the basis for borrowing heavily
http://dlvr.it/SvcHDH

Why is the London Stock Exchange muscling in on the private equity world?

The market wants to give founders, investors and employees in private companies a way to sell their shares
http://dlvr.it/Svb9sF

Private funds sue to stop ‘unlawful’ SEC disclosure rules

Plaintiffs ask the court to intervene on US regulator’s measures they say will harm the industry and their investors
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