Foundation for Business Equity Announces $2.5 Million Commitment from Bain Capital to Assist and Accelerate Black and Latinx-Owned Businesses
The Foundation for Business Equity (“FBE”), a Boston-based nonprofit organization working to close the racial wealth gap, today announced a five year, $2.5 million commitment from Bain Capital, one of the world’s leading multi-asset alternative investment firms. As part of the partnership, Bain Capital will provide philanthropic support to FBE to help expand its business […]
Francisco Partners tops 2020 HEC-DowJones Private Equity Performance Ranking
Francisco Partners has been named the top-performing firm in the 2020 HEC-DowJones Private Equity Performance Ranking. The San Francisco-headquartered tech specialist came top out of 529 private equity (PE) firms analysed, delivering an aggregate performance that was 2.40 standard deviations above the average. Genstar Capital Partners, and Vitruvian Partners were ranked second and third, respectively. […]
Canada Life Asset Management commits GBP26.5m to develop car park for NHS
Canada Life Asset Management has purchased a 140-year leasehold interest in a site forming the first phase of Adanac Health & Innovation Campus, Southampton for University Hospital Southampton NHS Foundation Trust. The GBP26.5 million funding package for the construction of a 1,000 space multi-storey park and ride car park aims to complete construction by April […]
Another impressive set of results from Standard Life Private Equity
Standard Life Private Equity (SLPE) has announced results for the year ended 30 September 2020. Over the period the trust produced an NAV total return of 11.7%. This compares to a return of -16.6% from the All-Share Index. The total shareholder return was -4.6%. [Here is the killer stat:] The company has delivered returns in […]
Going digital quickly is a priority for private equity
Tech upgrade often crucial for investors who want to sell within a few years of acquisition. Companies that undergo digital transformation can become more attractive for investors but when it comes to businesses owned by private equity, time is of the essence. Private equity owners are often in a rush to transform analogue enterprises into […]
ASOS emerges as surprise frontrunner to clinch TopShop crown
The online fashion retailer is leading the race to buy the biggest brand in Sir Philip Green’s former empire Sky News has learnt that ASOS has moved into pole position to buy the brand for more than £250m, days after a consortium led by Next withdrew from the race. If successful, it may renew fears […]
Start-up funding dries up as GCC investor ecosystem adapts to pandemic
Some private equity players are also looking into venture capital space to participate in the tech play in the region The pandemic-hit GCC start-up funding ecosystem is in slowdown, with investors choosing more carefully where to place their bets in the wake of the market seeing a correction in valuation, according to experts and venture […]
Pantheon promotes four to partner
Pantheon has made for new partner promotions: Petra Bukovec (Investment, London), Jérôme Duthu-Bengtzon (Investment, London), Dinesh Ramasamy (Investment, San Francisco) and Kara Zanger (Legal & Compliance, New York). Bukovec is a member of Pantheon’s Secondaries team, while Duthu-Bengtzon and Ramasamy are members of Pantheon’s Infrastructure & Real Assets team. Zanger is Global Head of Legal. […]
Private Equity Has Used the Same Recipe for Returns for Decades. That’s About to Change.
EY sees four megatrends combining to “upset the existing order” in private equity. Private equity firms need to make fundamental changes to their business model to catch up with technology transformation, investors’ focus on social issues and environmental damage from companies, and the potential for more scrutiny from regulators, according to a new report from […]
AirAsia Group to raise up to $113 million via private placement
(Reuters) – AirAsia Group plans to undertake a private placement to raise up to 454.5 million ringgit ($113 million) to address immediate and near-term cash flow requirements, the Malaysian budget airline group said on Thursday. The struggling airline, which reported a fifth straight quarterly loss in November as the pandemic took its toll on travel, […]
