The Carve-Out | Investment banks hit back, record deal in the works, Blackstone’s 4% earnings rise
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This week in private equity
?? The valuations gap is still a pain point for buyout firms, says a report by Bloomberg quoting Ares Management Corporation ’s Head of European PE, Stephane Etroy. Read more ?
?? Investment banks, including 高盛 , 花旗 and Barclays , are looking to take back the leveraged loans share lost to private credit funds. Read more ?
?? And its working! CVC has shunned private credit for investment banks to finance two of its latest buyouts – La Piadineria and Sunday Natural. Read more ?
?? Blackstone is back in the North American rental housing market, having taken Canadian real estate firm Tricon Residential private for $3.5bn. Read more ?
?? Growth-focused PE firm Arcline Investment Management is set to acquire Kaman Corporation , an aerospace and defence parts manufacturer, in an all-cash deal worth $1.8bn. Read more ?
? Middle market PE firm Wynnchurch Capital, L.P. has closed its sixth private equity fund with $3.5bn of capital commitments, beating its $3bn target. Read more ?
The week in numbers
?? 4% – the uptick in distributable earnings reported by Blackstone for Q4 2023, corporate private funds and credit being the biggest winners. Read more ??
领英推荐
?? $10bn – the value of a record loan that David Hirschman, Co-Head of Permira Credit, is expecting to close in due course, Bloomberg reports. Read more ?
?? €2bn – the fundraising target for a new infrastructure fund set up by Spain’s largest PE firm, Asterion, to focus on European investments. Read more ?
?? €10bn – funds raised, towards the higher end of its target range, by Arcmont for its latest European direct lending fund. Read more ? ?
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