China's New Rules Spark Private Equity Collapse

Chinese alternative asset managers have become the latest casualty of the country’s crackdown on debt and financial risk, with a record number of private equity and hedge funds dissolving in recent months as new regulations limit their fundraising. In the first six months of this year, the Asset Management Association of China (Amac) — a […]

Private equity is piling into health care

LAST month KKR, a private-equity firm, announced that it would buy Envision Healthcare, one of America’s largest providers of doctors to hospitals. The deal was valued at $ 9.9bn, including debt. If shareholders agree to the sale, it will be the largest in a string of health-care investments by KKR, including an ambulance service, a […]

Wall Street’s celebrating a boom in equity trading (JPM, C)

REUTERS/Brendan McDermid JPMorgan and Citigroup both announced first quarter earnings on Friday, with both beating solidly. Both had bumper first quarters in equity trading, with JPMorgan posting a record quarter for the business. Wall Street’s celebrating a bumper quarter in equity trading.  JPMorgan and Citigroup both announced first quarter earnings on Friday, with both beating […]

Cybersecurity startup PhishMe acquired for $400 million by private equity consortium and rebranded as Cofense

Cybersecurity startup PhishMe has been acquired by an undisclosed syndicate of private equity firms and rebranded as Cofense, with the company stating that the deal valued it at around $ 400 million. Leesburg, Virginia-based PhishMe provides tools for employees to recognize malicious phishing emails. This partly involves conditioning staff into being able to identify rogue emails, for […]

A big Blackstone deal shows how private equity has changed

THE financial crisis a decade ago brought the glory days of private equity to a screeching halt. The debt-fuelled megadeals on which the industry had built its fame (or notoriety) seemed over. But on January 30th a group of investors led by Blackstone, the world’s largest private-equity firm, announced a $ 17bn deal to carve […]

Who Bankrupted Toys ‘R’ Us? Blame Private Equity and Millennial Parents

Toys “R” Us announced on Wednesday that it will close about 180 stores in the U.S., or about one-fifth of its domestic locations, as the company emerges from bankruptcy proceedings to restructure $ 5 billion in debt. On one level, this is just the latest chapter in the never-ending saga of brick-and-mortar calamity as the […]

A top private equity recruiter explains why there’s a ‘perfect storm’ for hiring right now

AP Photo/Lance Murphey Fundraising and “dry powder” in the private-equity industry is booming. This “perfect storm” has stoked demand for talent and increased compensation for junior-level employees, according to top recruitment firm Heidrick & Struggles. Senior talent is as coveted as ever, but money is less of a concern and they’re harder to lure away. […]

Equity valuations are high. But other options look even worse

EVERY investor would like to find the perfect measurement tool to tell them when to get into, and out of, the stockmarket. The cyclically adjusted price-earnings ratio (CAPE), as calculated by Robert Shiller of Yale University, averages profits over ten years and is used by many as an important valuation indicator. Currently it shows that […]

Larry Ellison won’t get paid any more equity unless he gets Oracle’s stock up to $80 (ORCL)

REUTERS/Robert Galbraith If Oracle CTO and renowned billionaire Larry Ellison wants to get any wealthier, he’s going to have to do right by shareholders.  The company just revealed a new, 100% performance-based equity package for its two CEOs and CTO aimed at reducing their total compensation over the next five years. The details were revealed in an investor presentation […]