CNN?—?Jersey Mike’s Subs is selling a significant stake?to private equity giant Blackstone, ending its nearly seven-decade run as an independently owned business that transformed into a major competitor against well-entrenched brands like Subway. Blackstone?announced?Tuesday that it has acquired a “majority ownership position” in Jersey Mike’s, valued at around $8 billion, according to a source familiar. The influx of cash will help the sandwich chain “accelerate its expansion across and beyond the US market, as well as its continued investment in technology and digital transformation,” a statement said. https://lnkd.in/gz_C3ewP
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Investment companies 65 Equity Partners , HPS Investment Partners, LLC, and Belzberg & Co., completed the acquisition of Kendra Scott, a celebrated lifestyle and accessories brand. Financial terms were not disclosed. "I have never been more excited about our business, and 65 Equity Partners will allow our brand to grow while staying true to our mission.The international investment firm's focus on supporting entrepreneurs in their growth journey complements our efforts as we build a globally recognized lifestyle brand," Kendra Scott, Kendra Scott Founder & Executive Chairwoman. Kendra Scott (led by Tom Nolan and Kendra Scott) was advised by Goldman Sachs, Piper Sandler, Goodwin, and Latham & Watkins. 65 Equity Partners (led by Matt Doherty and Leon Brujis) was advised by Jefferies and Baker McKenzie. Link to the article in the comments. #MergersAcquisitionsDivestitures #PrivateEquity #Retail
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The Carlyle Group, a leader in private equity, has undergone significant changes since Harvey Schwartz became CEO two years ago. These changes have positively impacted the firm's share price, assets under management, and overall morale. CFO John Redett highlighted that substantial progress has been made in a short time, with a focus on growth initiatives to create value for shareholders. Schwartz has promoted or hired several executives, including Redett, which has contributed to Carlyle's stock outperforming the S&P 500 by 42% since his arrival. Additionally, the firm has successfully sold several companies despite challenging IPO and M&A markets (source: Fortune).
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Expansion always in all ways.
Dalfen Industrial and Goldman Sachs have acquired a 21-building portfolio of industrial assets from Blackstone. The properties are located in key logistics hubs, including Las Vegas, Dallas, Cincinnati and two Pennsylvania markets. #lastmile #industrial #commercialrealestate #dallas #vegas #cincinnati #philadelphia
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Private Equity's New Reality: Operational Expertise Over Financial Engineering As buyout giants like Goldman Sachs and Blackstone pivot from financial engineering to hands-on operations, they are bringing in industry veterans to improve margins and cash flows. With higher interest rates and extended holding periods, operational know-how is becoming critical for success in private equity. How do you see operational expertise shaping the future of private equity? #PrivateEquity #BusinessDevelopment #OperationalExcellence #FinancialEngineering #InvestmentStrategy #Leadership #PETransformation
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Private Equity: Transforming mature companies through strategic investments and management control. Like Blackstone's $26B Hilton acquisition, it's about driving growth and creating history. . . #PrivateEquity #StrategicInvestments #HiltonSuccessStory #BlackstoneDeals #MatureCompanies #BusinessTransformation #InvestmentStrategies #IPOJourney #WealthCreation #EquityInvestments #LBO #FinancialGrowth #BusinessRestructuring #PEInvesting #GlobalSuccess
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"Across KKR, Apollo Global Management Inc., Carlyle, Blackstone Inc., TPG Inc. and Ares Management Corp., performance-related compensation is up about 33% from the first nine months of 2023. KKR & Co. distributed $843 million in compensation tied to realized gains, often called carry, to its rainmakers in the first nine months of the year, almost double the payouts in the same period of 2023. Carlyle Group Inc., paid out about $542 million, up from $286 million from January through September of last year. Deal market is starting to wake up. As a result, these firms are starting to exit more of their investments. In its third-quarter results, Apollo cited “a few sizeable monetizations.” The rise in performance-related compensation also reflects changes that some of the firms made to shift more carry to dealmakers in exchange for a smaller cut of fee-related earnings. Carlyle’s pay move left less earnings for shareholders in the third quarter, but Schwartz is betting that raising the stakes for dealmakers to deliver returns will pay off for shareholders over the long haul. The firm said on Thursday that its compensation tied to realized performance revenue jumped 89% in the first nine months of this year, climbing to $542 million."?
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Simple words always clarify !
Former PE Investor & CEO // Current PE Advisor // Author // ?????????????? ?????????????????? ????-???????????? ?????????????????? ???????????????????? ?????????? ????????????????
“After exhaustively studying our databases of dozens of deals across 20 years, we concluded that the keys to success in private equity are: → buying right → having an ‘A’ management team, and → selling right. Everything else is just conversation.” ~Steve Schwarzman | CEO, The Blackstone Group
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Following a failed takeover bid, Sequoia CEO Garry Crole remains focused on progressing the firm’s restructure with its headcount reduction near completion. While there might be a re-think of some of the firm’s assets, like its media business, he still has a positive outlook on further adviser growth for its licensees. Oksana Patron Garry Crole #sequoia #sequoiafinancialgroup #financialadvisers #financialplanning #financialservices
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“After exhaustively studying our databases of dozens of deals across 20 years, we concluded that the keys to success in private equity are: → buying right → having an ‘A’ management team, and → selling right. Everything else is just conversation.” ~Steve Schwarzman | CEO, The Blackstone Group
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