Private Equity Basics in 6 Charts | Moonfare
https://www.moonfare.com/blog/private-equity-basics-in-6-charts
https://www.moonfare.com/blog/private-equity-basics-in-6-charts
Moonfare
Private Equity Basics in 6 Charts
We unravel the key concepts and characteristics of Private Equity (PE) that every investor should be familiar with - from J-curve and value creation strategies to identifying top-performing PE fund managers. Let’s dive in.
Private Equity’s Ties to Companies’ Auditors Have Never Been Closer. That Worries Some Regulators. - WSJ
https://www.wsj.com/articles/private-equity-has-closer-ties-to-companies-auditors-than-ever-before-ccc8e76f
https://www.wsj.com/articles/private-equity-has-closer-ties-to-companies-auditors-than-ever-before-ccc8e76f
The Wall Street Journal
Private Equity’s Ties to Companies’ Auditors Have Never Been Closer. That Worries Some Regulators.
As private-equity investors acquire more stakes in midsize accounting firms, concerns from regulators and accountants grow over potential conflicts of interest.
Here is a summary of recent developments in the private equity sector:
UK Increases Tax on Private Equity 'Carried Interest'
The UK government has announced an increase in taxes on performance fees, known as "carried interest," for private equity fund managers from 28% to 32%, effective April 2025. This change is slightly less than many in the industry had anticipated.
EQT's €1.3 Billion Take-Private Offer for OEM International
EQT, a private investment firm managing €246 billion in assets, has made a SEK 15.3 billion (€1.3 billion) take-private offer for Stockholm-listed industrial component distributor OEM International.
Blackstone's $4 Billion Acquisition of Retail Opportunity Investments Corp
Blackstone Real Estate is set to acquire Retail Opportunity Investments Corp (ROIC), a company specializing in grocery-anchored retail properties, in an all-cash take-private deal valued at approximately $4 billion, including debt.
Stonepeak's $3.1 Billion Deal to Take Air Transport Services Group Private
Private investment firm Stonepeak plans to take Air Transport Services Group (ATSG) private in a deal valued at $3.1 billion, including debt. Following the announcement, shares of the aircraft leasing company surged 27% in pre-market trading.
Silver Lake and Bain Capital Eye Minority Stake in Intel's Altera Unit
Private equity giants Silver Lake and Bain Capital are expected to bid for a minority stake in Intel’s Altera unit, the tech company's programmable chips business acquired for nearly $17 billion in 2015.
UK Increases Tax on Private Equity 'Carried Interest'
The UK government has announced an increase in taxes on performance fees, known as "carried interest," for private equity fund managers from 28% to 32%, effective April 2025. This change is slightly less than many in the industry had anticipated.
EQT's €1.3 Billion Take-Private Offer for OEM International
EQT, a private investment firm managing €246 billion in assets, has made a SEK 15.3 billion (€1.3 billion) take-private offer for Stockholm-listed industrial component distributor OEM International.
Blackstone's $4 Billion Acquisition of Retail Opportunity Investments Corp
Blackstone Real Estate is set to acquire Retail Opportunity Investments Corp (ROIC), a company specializing in grocery-anchored retail properties, in an all-cash take-private deal valued at approximately $4 billion, including debt.
Stonepeak's $3.1 Billion Deal to Take Air Transport Services Group Private
Private investment firm Stonepeak plans to take Air Transport Services Group (ATSG) private in a deal valued at $3.1 billion, including debt. Following the announcement, shares of the aircraft leasing company surged 27% in pre-market trading.
Silver Lake and Bain Capital Eye Minority Stake in Intel's Altera Unit
Private equity giants Silver Lake and Bain Capital are expected to bid for a minority stake in Intel’s Altera unit, the tech company's programmable chips business acquired for nearly $17 billion in 2015.
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https://www.coursera.org/learn/private-equity
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Here is a summary of recent developments in the private equity sector:
Venture Capital Firms Turn to Private Equity for Liquidity
With the IPO market recovering slowly, venture capital firms and mature startups are increasingly seeking liquidity through private equity (PE) exits. In the third quarter of 2024, tech-related PE deals accounted for 28.3% of total PE deal value, up from 18.7% in the previous quarter. Notable transactions include KKR and Dragoneer Investment Group's $4.8 billion acquisition of Instructure Holdings and Bain Capital's $4.5 billion purchase of Envestnet.
CVC Plans Infrastructure and Wealth Expansion in 2025
CVC is preparing to launch new infrastructure funds, DIF VIII and Value Add IV, along with a private wealth offering in 2025. The firm reported a 106% increase in realizations and €12.3 billion in private equity deployment by September 2024. CVC also held its first annual investor meetings as a public company after listing on Euronext Amsterdam in April 2024.
Bain Capital and Macquarie Withdraw from I-MED Acquisition
Bain Capital and Macquarie Asset Management have exited the $3 billion acquisition process for I-MED Radiology, Australia's largest diagnostic imaging service provider. Challenges such as high doctor turnover and market changes due to AI efficiencies influenced their decisions. I-MED may now consider an initial public offering (IPO) as early as next year.
Ridgemar Energy's Owner Explores $1 Billion-Plus Sale
Carnelian Energy Capital, the private equity owner of Ridgemar Energy, is considering selling the U.S. oil and gas producer, potentially valuing the company at over $1 billion, including debt. Ridgemar operates in the Eagle Ford Basin in South Texas and anticipates producing approximately 27,000 barrels of oil equivalent per day in 2025.
Private Equity Investors Seek Returns Before Committing to New Funds
Investors are urging private equity firms to return capital before committing to new funds, amid a challenging fundraising environment. Limited partners are cautious about new commitments due to substantial existing allocations. Data from Preqin shows a 9% drop in private-equity exit deals in Q3 2024 and a 22% decline in total capital raised by private-equity funds.
Venture Capital Firms Turn to Private Equity for Liquidity
With the IPO market recovering slowly, venture capital firms and mature startups are increasingly seeking liquidity through private equity (PE) exits. In the third quarter of 2024, tech-related PE deals accounted for 28.3% of total PE deal value, up from 18.7% in the previous quarter. Notable transactions include KKR and Dragoneer Investment Group's $4.8 billion acquisition of Instructure Holdings and Bain Capital's $4.5 billion purchase of Envestnet.
CVC Plans Infrastructure and Wealth Expansion in 2025
CVC is preparing to launch new infrastructure funds, DIF VIII and Value Add IV, along with a private wealth offering in 2025. The firm reported a 106% increase in realizations and €12.3 billion in private equity deployment by September 2024. CVC also held its first annual investor meetings as a public company after listing on Euronext Amsterdam in April 2024.
Bain Capital and Macquarie Withdraw from I-MED Acquisition
Bain Capital and Macquarie Asset Management have exited the $3 billion acquisition process for I-MED Radiology, Australia's largest diagnostic imaging service provider. Challenges such as high doctor turnover and market changes due to AI efficiencies influenced their decisions. I-MED may now consider an initial public offering (IPO) as early as next year.
Ridgemar Energy's Owner Explores $1 Billion-Plus Sale
Carnelian Energy Capital, the private equity owner of Ridgemar Energy, is considering selling the U.S. oil and gas producer, potentially valuing the company at over $1 billion, including debt. Ridgemar operates in the Eagle Ford Basin in South Texas and anticipates producing approximately 27,000 barrels of oil equivalent per day in 2025.
Private Equity Investors Seek Returns Before Committing to New Funds
Investors are urging private equity firms to return capital before committing to new funds, amid a challenging fundraising environment. Limited partners are cautious about new commitments due to substantial existing allocations. Data from Preqin shows a 9% drop in private-equity exit deals in Q3 2024 and a 22% decline in total capital raised by private-equity funds.
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