The Carve-Out | Bain’s edtech acquisition, distressed debt on the up, private capital’s $1tn tax dodge
Private Equity Wire
Private Equity Wire provides highly relevant and actionable information for GPs, service providers, and LPs.
This week in private equity
?? Bain Capital is set to acquire PowerSchool , a provider of cloud-based software for K-12 education, in a deal valuing the business at $5.6bn. Read more ?
?? Thoma Bravo is reaching out to private credit to secure around $3.5bn in new financing for ConnectWise , according to Bloomberg. Read more ?
?? TDR Capital is set to take a majority stake of 67.5% in Asda through the acquisition of Zuber Issa’s 22.5% share, causing some trade union concerns. Read more ?
?? Portfolio companies at the world’s 50 largest PE firms now owe $42.7bn, up 18% since mid-March, according to PEI rankings. Read more ?
?? The majority of LPs are expecting to either increase or maintain their allocations to private markets in the next year, Coller Capital reports. Read more ??
?? Are we closer to an impact-driven future? PEW is aiming to understand progress here – starting with a conversation with Adam Robbins of Triodos Bank . Read more ?
The week in numbers
?? $1tn – incentive fees on which the world’s largest private capital firms have sidestepped paying income tax using payment structures, Oxford University finds. Read more ?
领英推荐
? $15bn+ – client commitments at close for Partners Group’s fifth direct PE programme, which includes bespoke client solutions and open-ended funds. Read more ?
?? 42% – share of UK real estate businesses that ranked PE ahead of high street banks as their main source of investment over the next 12 months, RSM reports. Read more ?
?? $1bn – funds being raised by Pemberton in partnership with the Abu Dhabi Investment Authority to provide net asset value loans to PE firms. Read more ? ?
Latest Private Equity Wire research
Our The Big Questions: Private credit in 2024 and beyond report is now live. To receive a copy, please visit here
Coming soon from Private Equity Wire
Join Private Equity Wire at the Private Credit US Summit , taking place in New York on Thursday, September 12th, to engage in high-quality, face-to-face interactions between LPs and GPs through our meticulously curated panel sessions and roundtable discussions.