How’s the PE Winter looking?

Yes, you probably have to care about this one


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Concord tops Blackstone in bidding war for Hipgnosis

Offer for music rights group rises to $1.5bn as Apollo-backed investor beats rival’s bid


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When M&A goes wrong

Examining how the sale of a California supermarket to a private equity firm turned rotten


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Lenders flying blind on private equity risk, Bank of England warns

Regulator says sector needs a consolidated view to avoid a repeat of Archegos fiasco


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Ardian agrees to sell Audiotonix stake to PAI in near £2bn deal

Transaction for UK music equipment maker is the latest example of buyout activity picking up


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FTAV’s further reading

Book publishing; whisky blues; It’s Mostly Fiscal; the macro of mental health


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Who’s getting rich from CVC’s IPO?

Plus, big consulting firms look to pare down their ranks and Blackstone makes a bid for Hipgnosis


http://dlvr.it/T5tLLN

CVC co-founder Donald Mackenzie set to net up to €150mn in IPO

Co-founder Steve Koltes and backers including Singapore’s GIC are also selling shares in the private equity firm’s listing


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Africa-focused fund draws early investors to tech industry

TLcom Capital doubles previous amount to raise $154mn for continent’s start-ups in a move that could help ease sector gloom


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Bridgepoint considers sale of Swedish drinks maker Vitamin Well

UK private equity group appoints advisers to explore options amid early signs of recovery in buyout market


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Sports investor Arctos to focus on US deals after raising $4.1bn fund

Shareholder of Paris Saint-Germain targets predictable returns of home market where teams are not relegated and share profits


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Jane Street loses bid for restraining order against Millennium

High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolen


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Sony and Apollo discuss teaming up to bid for Paramount Global

Media company is already in exclusive talks with Skydance about a potential deal


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CVC expresses interest in EY’s Italian consulting arm

Preliminary approach underscores private equity’s interest in professional services


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Private equity gears up for potential National Football League investments

NFL-only funds are being set up in anticipation of potential rules that will govern institutional money in the sport


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Blackstone warns that private equity cannot return capital ‘overnight’

Industry sitting on record amounts of unsold assets that will take time to sell even as M&A market returns to life


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Private credit is even larger than you think

Even the IMF underestimates the industry’s heft, according to JPMorgan


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Oops, Princeton bet on private equity

Plus, Raiffeisen Bank touts Russian growth in job ads and an investment banking boost in the US


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TGI Fridays’ US operations to have London listing

UK’s Hostmore, one of restaurant chain’s biggest franchisees, agrees £177mn reverse takeover in boost for City


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Private equity is a test that university endowments risk flunking

Elite private colleges have used the ‘Yale model’ to great success but that approach now seems questionable


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Ex-Shell CEO van Beurden joins KKR to advise on climate investments

Dutchman led FTSE 100 group’s push into biofuels, hydrogen and renewable power


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Inside CVC’s tortuous decision to go public

Revived plan follows years of internal discord over whether private equity firm should list


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PIK-ing on private credit

An ‘inflection point’ approaches, says Barclays, and not the good kind


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CVC should tread carefully in third time lucky IPO

Market sentiment is bound to be more fragile than it was only last week


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CVC announces plans to raise €1.25bn in long-delayed IPO

Private equity firm seeks valuation of up to €15bn after pressing ahead with float despite geopolitical turmoil


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The Swedish kingmakers behind a European private equity giant

How the Wallenberg family helped turn EQT Partners into a colossus of the buyout industry


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A tale of two IPOs

Recent flotations of Galderma and Douglas underscore that fund managers are still being selective


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CVC poised to launch IPO as early as Monday

European private equity group set to renew push for high-profile listing


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Norway says ‘nei’ to private equity

For now at least


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Rishi Sunak loves Blackstone

Plus, KKR’s Nuttall and Bae see dealmaking rebound and accountant retirees take on a private equity deal


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Brookfield in talks to buy majority stake in $22bn airline lender

Castlelake’s aircraft leasing focus fits private capital industry’s interest in asset-backed debts


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Five Essential Apps for CFD Traders

In the fast-paced world of contracts for difference (CFD) trading, where every second and decision can lead to different outcomes, traders must be equipped with the best tools. The digital age has blessed traders with abundant applications designed to provide market insights, manage risks, and enhance trading efficiency. In this interactive landscape, CFD traders seeking […]


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How Rishi Sunak built a close relationship with Blackstone’s bosses

Links between UK prime minister and the private equity group have fuelled speculation about his post-election future


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Grant Thornton retirees escalate revolt over private equity deal

Former US partners hire lawyers in fight for bigger share of the proceeds from New Mountain deal


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Fear of inflation returns

Plus, readers reply on private credit’s excess returns


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Hotel chain Motel One valued at €4.1bn as hospitality dealmaking heats up

Private equity group sells stake for €1.25bn in latest transaction following travel rebound


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Does private credit generate excess returns?

And if so, how?


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Private equity’s latest trick is to buy and hold

Investors should be asking what distinguishes private equity from other, more traditional, investment strategies


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The rugby lawyer turned corporate raider

Plus, booming private equity secondaries, UK investment trusts struggle and Brâncuşi at the Centre Pompidou


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The former rugby lawyer shaking up the world of private credit

Paul Weightman cut his teeth persuading players to join a breakaway Australian rugby league in the 1990s


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Bridgepoint rejected higher bid for MotoGP from Ari Emanuel’s TKO

US businessman says his group offered €200mn more than Liberty Media for motorcycle series


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The Body Shop creditors face uncertainty over almost £50mn

Beauty chain’s administrators pursuing a CVA in attempt to keep remaining stores open


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Private equity stakes unloaded at a discount as investors seek exits

Pensions and endowments turn to secondary market to cut exposure and raise needed cash


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Nelson Peltz gets shut out of the magic kingdom

Plus, Blackstone’s property fund faces dividend questions and Silver Lake strikes its buyout of Endeavor


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CVC accused of ignoring Kenyan co-operatives in tea estates sale

Local group claims its expression of interest in buying troubled plantations has gone unacknowledged


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Goldman Sachs expands private credit reach with Kennedy Lewis stake

Bank’s Petershill Partners unit reaches deal that values investment firm at more than $1bn


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Online retailer Mytheresa among suitors for Yoox Net-a-Porter

Private equity firms Bain Capital and Permira also interested in lossmaking ecommerce business owned by Richemont


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UK’s top private equity dealmakers earned £5bn in carried interest

Amount was shared among 3,000 high earners in 2022, according to Treasury analysis


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BC Partners sells IT group Presidio in sign of thaw for private equity deals

CD&R purchase comes after period of slowdown for debt-reliant industry as interest rates have risen


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Tiger Global closes $2.2bn fund well below its original target

New York-based firm’s slow pace of raising comes amid leadership change and broader fall for venture capital


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Will Spot Bitcoin ETFs Herald a Whole New World?

Some people have been saying that an SEC approval of spot bitcoin ETF applications would inject the token’s prices with steroids. Others, like Kraken’s Thomas Perfumo, have their eye on the overall enrichment the sector would gain from institutional interest. As Perfumo sees it, there are “40 trillion or so of retirement assets in the […]


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