208 - Notes de cours 3 PDF

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Informations sur l'industrie du private Equity au mois d'Aout...

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208 03/08

Regal HCP hits the ground running with two partial exits, Abry Partners brings Smart Start to market Happy Tuesday! I hate to say this but it looks like summer's almost over. It was definitely hard to make the most of these months amid the surging Delta variant but I hope the coming weeks end on high note! Moving along from all the summer dreamin', it looks like Regal Healthcare Partners, an emerging manager, has been off to a blockbuster start. Launched in 2018, the firm has marked first partial exits from both Fund 1 and Fund 2. Regal HCP will return almost 1.7x of Fund 2 and it's set to return over half of Fund 1 to investors as it sells down stakes in Thriveworks and Dental365, according to an LP letter received by PE Hub. Most successful new healthcare firm ever? Read Sarah's story on PE Hub for more details on the exits. On the market: We have news about a technology business on the market. Backed by Abry Partners, Smart Start, a platform that prevents intoxicated drivers from operating a vehicle, is looking for a buyer. Jefferies is advising the company on the process, which recently kicked off, sources familiar with the process told PE Hub. The company generates around...Read it on PE Hub. Read the full wire commentary on PE Hub...

Today's must reads > Regal HCP earns healthy returns with Thriveworks, Dental365 More... > Abry Partners brings Smart Start to market More... > Summit BHC, backed by Lee Equity and FFL Partners, is up for sale More... > Benford beefs up cattle care platform with two add-ons More... Offer that can't be refused: Goldman Sachs Asset Management, Partners Group and HarbourVest Partners are lined up as buyers in Berkshire’s tender offer process that will allow investors in its eighth and ninth funds to sell their interests at premium pricing, three sources told Buyouts. Blackstone's strategy works: Blackstone is seeking $4.5 billion for a fourth fund earmarked for tactical opportunities, a 10-year strategy the private equity giant pioneered. Blackstone Tactical Opportunities Fund IV’s target was disclosed in a document published last month by Teachers’ Retirement System of Louisiana. TRSL is committing $125 million. Read it here on Buyouts.

Boosting pay: Following other Wall Street banks, Goldman gave its junior bankers a big raise. The firm is increasing base pay for its entry-level employees—first-year analysts—to $110,000, a nearly 30% increase from the previous starting salary of $85,000, according to a person familiar with the matter. Second-year analysts are set to make $125,000, up from $95,000. Salaries for first-year associates will jump to $150,000 from $125,000, WSJ reported. PE Deals > WCAS launches Valtruis, committing $300m to new value-based healthcare platform More... > L Catterton sells stake in Sweaty Betty to Wolverine World Wide More... > Bridgestone to buy Azuga for $391m More... > Lightyear sells Datalot More... > Argonaut buys Crimson Steel Supply More... > Young & Associates secures investment from CIVC More... > Inveniam Capital buys blockchain company Factom More... > TowerBrook invests in EisnerAmper More... > Cerberus and Koch buy Ecovyst’s performance chemicals business More... > Upstream Rehabilitation buys Results Physiotherapy More... > New Blackstone-backed company to acquire Reese Witherspoon’s Hello Sunshine More... > WestView invests in Kymanox More... > ArchiMed-backed NAMSA buys Clinlogix More... > Gresham House Ventures to exit investment in restaurant chain Pho More... > MidOcean acquires Louisiana Fish Fry from Peak Rock More... > PE-backed Ivanti buys RiskSense More... > KKR acquires Silicon Valley office campus More... > CenterOak to sell Cascade Windows for $245m More... > PE-backed AWP to buy Statewide Safety Systems and Trafficade’s traffic safety units More... > Great Hill Partners completes recapitalization of Labor First More... > BDT Capital completes acquisition of Advent’s Culligan International More...

> Blue Venture Fund invests in WindRose-backed Bluestone Physician Services More... > Genstar Capital reinvests in AMBA More... > Gryphon Investors acquires Wittichen Supply Co More... > Bridgepoint funds ACT More...

People > Monument MicroCap Partners hires new associate More... > SVB Leerink hires Rooney as senior managing director More... > Barings appoints Joyce to head U.S. real estate equity asset management More... > TSG names Weilbacher as chief compliance officer More... > Gryphon-backed Pacur taps Carlson as CEO More... > CPPIB names Suyi Kim as global head of private equity More... > Monroe Capital taps Babick as managing director More... > PE-backed Constant Contact adds three to C-suite More... > RBC GAM taps Hay to head global infrastructure investments More... > High Street Capital expands investment team with new hire More......