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A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans,along with the assets of the acquiring company. The use of debt,which normally has a lower cost of capital than equity,serves to reduce the overall cost of financing the acquisition.
In the field of finance,private equity (PE) is an investment fund,usually a limited partnership,which invests in and restructures private companies. A private-equity fund is both a type of ownership of assets and is a class of assets,which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange.
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades,while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit,infrastructure,hedge funds,insurance,secondaries,and growth equity. As of June 2023,the company's total assets under management were approximately US$1 trillion,making it the largest alternative investment firm globally.
TPG Inc.,previously known as Texas Pacific Group and TPG Capital,is an American private equity firm based in Fort Worth,Texas. The firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth capital,venture capital,public equity,and debt investments. The firm invests in a range of industries including consumer/retail,media and telecommunications,industrials,technology,travel,leisure,and health care.
Bain Capital is an American private investment firm based in Boston. It specializes in private equity,venture capital,credit,public equity,impact investing,life sciences,crypto,tech opportunities,partnership opportunities,special situations and real estate. Bain Capital invests across a range of industry sectors and geographic regions. As of 2022,the firm managed approximately $165 billion of investor capital. The firm was founded in 1984 by partners from the consulting firm Bain &Company. The company is headquartered at 200 Clarendon Street in Boston with 22 offices in North America,Europe,Asia,and Australia.
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity. Private equity funds are typically limited partnerships with a fixed term of 10 years. At inception,institutional investors make an unfunded commitment to the limited partnership,which is then drawn over the term of the fund. From the investors' point of view,funds can be traditional or asymmetric.
Apollo Global Management,Inc. is an American private equity firm. Founded in New York City by Leon Black,Josh Harris,and Marc Rowan in 1990,it provides investment management and invests in credit,private equity,and real assets. As of 2022,the company had $548 billion of assets under management,including $392 billion invested in credit,including mezzanine capital,hedge funds,non-performing loans,and collateralized loan obligations,$99 billion invested in private equity,and $46.2 billion invested in real assets,which includes real estate and infrastructure. The company invests money on behalf of pension funds,financial endowments,and sovereign wealth funds,as well as other institutional and individual investors. Funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors,net of fees.
Canaccord Genuity Group Inc. is a global,full-service investment banking and financial services company that specializes in wealth management and brokerage in capital markets. It is the largest independent investment dealer in Canada. The firm focuses on growth companies,with operations in 10 countries worldwide and the ability to list companies on 10 stock exchanges. Canaccord Genuity,the international capital markets division,is based in Canada,with offices in the US,the UK,France,Germany,Ireland,Hong Kong,China,Singapore,Dubai,Australia,and Barbados.
The history of private equity,venture capital,and the development of these asset classes has occurred through a series of boom-and-bust cycles since the middle of the 20th century. Within the broader private equity industry,two distinct sub-industries,leveraged buyouts and venture capital experienced growth along parallel,although interrelated tracks.
PAI Partners is a French private equity firm based in Paris. It is one of the oldest firms in the sector,with its origins dating back to Paribas Affaires Industrielles,historically the principal investment arm of Paribas,which started operations in 1872.
Private equity in the 1990s relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry,two distinct sub-industries,leveraged buyouts and venture capital,experienced growth along parallel although interrelated tracks.
Private equity in the 2000s represents one of the major growth periods in the history of private equity and venture capital. Within the broader private equity industry,two distinct sub-industries,leveraged buyouts and venture capital expanded along parallel and interrelated tracks.
MidOcean Partners is a New York-based alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments.
FFL Partners,LLC,previously known as Friedman Fleischer &Lowe,is an American private equity firm,founded in 1997 by Tully Friedman,Spencer Fleischer,David Lowe,and Christopher Masto. The firm makes investments primarily through leveraged buyouts and growth capital investments and is focused on investing in the U.S. middle-market.
Trilantic Capital Partners (Trilantic) is a global private equity firm focused on control and significant minority investments across a range of industries in North America and Europe managed by Trilantic North America and Trilantic Europe. The firm specializes in management buyouts,recapitalizations,growth equity,middle market investments and corporate divestitures investments. Trilantic invests through equity and equity-linked securities transactions.
Peter S. Kaufman is an American investment banker and private equity investor. He is the President and Head of Restructuring and Distressed M&A at Gordian Group LLC,an investment banking firm. He is also a Managing Partner of Bacchus Capital Management,a winery investment concern.
Darrell W. Crate is an American investor,private equity manager,and philanthropist. He is currently the managing principal of Easterly,a private investment firm he founded in 2009 in Beverly,Massachusetts.
Spell Capital Partners is a private equity firm based in Minnesota that specializes in the management of private equity and mezzanine capital. William Spell established his firm in 1988,one of the oldest private equity firms in the United States. The firm has been investing exclusively on behalf of the Spell Family Office since 2018.
Lovell Minnick Partners is a private equity firm focused on investments in middle market financial and related business services companies in North America and Europe.
Blue Wolf Capital Partners LLC is an American private equity firm based in New York City,New York,founded in 2005 by Adam Blumenthal and Josh Wolf-Powers. Blue Wolf's investments include middle-market companies in health care,forest and building products,as well as in the manufacturing,industrial,and engineering services sectors. The firm has raised four funds to date and manages more than $1.365 billion in capital as of the end of 2020.
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- ↑ Cooper, Laura (November 27, 2017). "LBO Profile: Blue Wolf Embraces Complexity in a Regulated World". The Wall Street Journal . Retrieved January 27, 2022.
- ↑ "Blue Wolf Brings In $540M For Latest PE Fund". Law360. October 23, 2017.
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