Private Equity Returns Continued to ImproveArsenal Acquires Synchrogenix Arsenal Capital Partners has acquired Synchrogenix, a provider of regulatory writing services to the pharmaceutical industry. Upon closing, Synchrogenix was merged into Arsenal’s existing portfolio company Certara, a drug development and drug safety consultancy acquired by Arsenal this past December. “Having worked with our talented staff to build Synchrogenix from the ground up, I was… Warburg Pincus Acquires Electronic Funds Source Warburg Pincus has entered into an agreement to Electronic Funds Source (EFS), a provider of corporate payment services, from an investor group including First Data Transportation Services, CTP Holdings, and FJ Management. Highlander Acquires Extrusion Ops of Profile Extrusion Highlander Partners has acquired the aluminum extrusion assets of Profile Extrusion Company. RFE and 24/6 Acquire Precision Components Business KPS Capital Partners Acquires Anchor Glass Castle Harlan Acquires Gold Star from Prospect
WSJ Weekend Investor Really Misses the Mark on Private Equity | The Gaffin GroupMark Hulbert was busy elbowing his way onto the anti-private equity bandwagon on July 5th with his confusing dispatch “Real Returns: Are Private-Equity Gains Built to Last?” Mr. Hulbert heroically ignores a large body of readily accessible research and data to precariously perch his pejorative premises on quite arguable findings from a single, tax-return driven study [the study, itself, to be a topic of a separate analysis]. As Mr. Hulbert argues against himself across the article, it is difficult to say that he answered the question he originally posed. Hold your hat as we try to keep up with the whipsaw narrative. I have trouble connecting commentaries such as Mr. Second, I note that pundits who broadly condemn the private equity industry never seem to explain why sophisticated institutional investors would bother with the asset class at all – much less clamor for access to top performing funds – if their experience did not justify it. Is private equity perfect?