The Winning Credit Trades That Made Debt Investors Rich in 2020
Markets plunged at the onset of the pandemic, sending entire sectors teetering toward oblivion. Once solid companies were suddenly paying double-digit yields in a mad scramble for liquidity, while venerable household names could be scooped up for pennies on the dollar. Then, just as quickly, the Federal Reserve’s unprecedented efforts to support corporate-debt markets set […]
Secondary market likely to be aided by GP-led deals
Big increase in deals seen as industry adjusts after COVID-19 disruptions Alternative investment general partner-led secondary market transactions are expected to increase in 2021, giving managers additional exit options and relieving the pressure of selling companies during the COVID-19 pandemic. GP-led transactions involving single assets or portfolios are not just for troubled funds. Alternative investment […]
EQT Is in Talks For Stake in Storable at $2 Billion Value
European private equity firm EQT AB announced it would buy a majority stake in Storable in a deal that people familiar with the matter said valued the U.S. software maker at roughly $2 billion, including debt. An announcement Wednesday confirmed an earlier Bloomberg report. Cove Hill Partners, Storable’s private equity owner, will retain a minority stake in the Austin, Texas-based company, which […]
HGGC acquires Specialist Risk Group
Specialist Risk Group (SRG), a fast-growing specialist insurance broker, has signed a definitive agreement to be acquired by leading middle-market private equity firm HGGC. SRG’s management team will invest alongside HGGC and continue to hold a significant stake in the business. The private transaction is expected to close in Q1 2021, subject to regulatory approval. […]
The world’s CFOs have a dire message for real-estate investors
Property investors are about to discover just how much the global fallout from the coronavirus pandemic has spread from deserted and cast-off buildings to their bottom lines. Hundreds of corporate executives tracked in earnings calls around the world in the past five months addressed the urgency to cut real-estate costs, according to an AI model […]
Blackstone in talks to merge Alight with blank-check acquisition firm
Private equity firm Blackstone Group Inc is in talks to merge U.S. benefits services provider Alight Solutions LLC with a blank-check acquisition firm backed by veteran investor Bill Foley, according to people familiar with the matter. The merger with Foley Trasimene Acquisition Corp would result in Alight becoming a publicly-listed company at a valuation of […]
Alaska Permanent Fund hires Mesa West to invest $250m in real estate debt
Alaska Permanent Fund Corporation (APFC) has hired Mesa West Capital to manage a $250m (€205m) US real estate debt separate account, according to a board meeting report. It is the first time the US sovereign wealth fund has invested in Mesa West. The company is seeking to raise $1bn for commingled real estate debt fund, attracting […]
Thoma Bravo to Buy Software Firm RealPage for $9.6 Billion
RealPage Inc.’s shares surged as much as 32% after private equity giant Thoma Bravo agreed to buy out the real estate software maker for $9.6 billion. Thoma Bravo is offering investors $88.75 in cash for each share of RealPage, the companies said in a statement on Monday. The transaction represents a 31% premium to the company’s closing […]
HGGC SET TO ACQUIRE SPECIALIST RISK GROUP
Leading Middle-Market Private Equity Firm Builds on Global Insurance Presence with Fast-Growing Specialist Broker LONDON AND PALO ALTO, Calif.—21 December 2020—Specialist Risk Group (“SRG”), a fast-growing specialist insurance broker, today announced that it has signed a definitive agreement to be acquired by leading middle-market private equity firm HGGC. SRG’s management team will invest alongside HGGC […]
