BloggingBuyouts. Private Banking Directory Wealth Management Offshore Banking Inv. GetFile.aspx (application/pdf Object) How Private Equity and Venture Capital Funds Grow the Value of P. One of the major themes of the evolution of the private equity industry for the past decade has been the growth of internal groups focused on enhancing the value of portfolio companies. Twenty years ago, the great majority of the people working in private equity came out of investment banking, i.e., a deal background. Today, it is far more common for a private equity fund to employ people with an operational/consulting skill set, e.g., Bob Nardelli at Cerberus. I predict we’ll see the same phenomenon among venture capital funds. The latest example: Union Square Ventures announced that they are hiring for a newly created position as General Manager of the Union Square Ventures Network.
Within private equity, these groups are often called "portfolio operations", sometimes "portfolio resources groups", or what Riverside Company calls its Toolkit. Source of Gains in Private Equity-Backed Companies 1) Global economic crisis. 2) Commoditization of financial engineering. 5) Risk mitigation. Private Capital : Private Capital in News, Blogs, Photos, Videos. Amp; Company: "Private equity must skill up for the upturn& Pervasive Gloom Lifts, Private Equity Activity on the Rise.
Former Merrill Lynch Capital Execs form New Middle Market Financ. Home Health Care Holdings, the parent company of Nurse on Call and a portfolio company of Kinderhook Industries, has been sold to Emeritus Corporation for $102.5 million. Emeritus will acquire 91% of the equity of Home Health Care Holdings with the remaining equity owned by certain members of Nurse on Call’s management team. Nurse on… American Industrial Partners has acquired the United States operating subsidiaries (“AIP Aerospace”) of Hampson Industries. This transaction marks the fund’s fifth investment in 2012 and will be made out of American Industrial Partners Capital Fund V, LP, AIP’s $717.5 million fund that closed in December 2011. “We feel fortunate to have found a business with… CHG Healthcare Services, a healthcare staffing firm and a portfolio company of J.W.
The Jordan Company has acquired Sequa Automotive Group, a division of Sequa Corporation. Draft-04142010-final.pdf (application/pdf Object) Pepperdine Private Capital Markets Project Spring 2010. 10 Industries to Watch. PeHUB Rewind. Why Growth Equity Is The Best Risk/Reward in Private Equity. There are really three general asset classes in private equity: buyouts, growth equity and venture capital. So why is growth equity the best risk/reward among the three in my estimation?
1. The downside protection of leveraged buyouts is exaggerated. The lure is that LBO firms are buying highly profitable companies with consistent cash flows, levering up the balance sheet, and ultimately trading the business while covering the debt for multiples on its equity. 2. 3. There will be winners in all three asset classes for sure. Larry Cheng is a partner with Volition Capital (fka Fidelity Ventures).
Capital Ideas: Selected Papers on Decision Research - November 2. There are many reasons why private equity firms— particularly leveraged buyout (LBO) transactions—have been so controversial. Private equity is often associated with job losses when private equity investors take over companies; large amounts of debt used to finance these deals; large sums that partners seem to make; and a veil of secrecy that surrounds running their portfolio of companies. The crucial question is whether private equity firms indeed leave the businesses they buy and sell better off in the long-run.
Given the criticisms, many people might be surprised that academic research has found that the answer is largely yes, suggesting that there is a lot about private equity that is not well understood. To separate facts from opinions, University of Chicago Booth School of Business professor Steven N. Kaplan and Per Strömberg of the Stockholm School of Economics were asked by the Journal of Economic Perspectives to write a paper to shed light on this somewhat mysterious business. Pepperdine University Study Shows 91% of Private Business Owners.
<a href=" University Study Shows 91% of Private Business Owners Would Take Significant Business Risk Vs. Maintain Status Quo. </a> Half (49%) Rely on "Gut Feel" to Gauge Investments; General Investment in the Business Yields a 20% Return Expectation and Most Expect Return on Investment in 1.5-3 Years LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- A large number of private business owners would take a business risk (91%) vs. maintaining the status quo [Latin, The existing state of things at any given date.] 2. 3. a study from Pepperdine University's Graziadio School of Business and Management. Most private business owners also report they fundraise fund·raise or fund-raise also fund raise intr.v. fund·raised, fund·rais·ing, fund·rais·esTo engage in fundraising. 2. V.tr.1. V.tr.1. Rothstein Kass: Family Owned Businesses Need Private Equity.
Fort Point Capital Exits Lone Star Overnight Fort Point Capital has completed the sale of Lone Star Overnight, a parcel delivery company, to Eagle Merchant Partners. The sale of Lone Star Overnight marks the first portfolio realization for Fort Point Capital which was founded in 2010. Lone Star Overnight (LSO) is a regional provider of overnight parcel delivery service in the southwest… Swander Pace to Exit Insight Pharmaceuticals Swander Pace Capital has agreed to sell its over-the-counter products portfolio company, Insight Pharmaceuticals, to Prestige Brands for $750 million. “It has been a pleasure working with CEO Gary Downing, the Insight team and our co-invest partner, Ontario Teachers’ Pension Plan, to grow Insight into one of the leading OTC pharmaceutical companies,” said Mo Stout,… H.I.G. H.I.G.
ACAS Completes Sale of Specialty Brands of America American Capital has completed the sale of its portfolio company Specialty Brands of America to B&G Foods for $155 million in cash. Lots of Mid-Market Dealflow on the Way Over the Next Five Years. Levine Leichtman Exits Luminator Technology Group Levine Leichtman Capital Partners has completed the sale of Luminator Technology Group, a manufacturer of lighting systems, to Audax Group.
Luminator Technology Group is a designer and manufacturer of display, lighting and passenger communication systems used in bus, rail and aerospace applications. Customers include municipal transportation systems, OEMs and their related suppliers. Luminator is based… Century Park Acquires Andrés Imaging & Graphics Moss Inc., a portfolio company of Century Park Capital Partners, has made a control investment in Andrés Imaging & Graphics, a provider of visual branding products and services. Baird Capital Invests in Workforce Insight Baird Capital’s US Private Equity group has made an investment in Workforce Insight, a provider of workforce management consulting services.
Riverside Acquires Diversified Property Solutions Trivest Exits Hazmasters Aperion Acquires Tri Con Works. News.