Houlihan Lokey has agreed to acquire MVP Capital, an advisory firm specializing in the technology, media, and telecom (TMT) sector. MVP’s services include mergers and acquisitions advisory, capital raising, restructuring advisory, and valuations. The firm’s sectors of focus include fiber optics, cell towers, distributed antenna systems, wireless communication, data centers, cloud and managed services, and […]
Private equity will need to adapt and learn a few things to succeed and thrive in a post COVID-19 environment. By Ted Koenig, President & CEO, Monroe Capital – Private equity, in most cases, was left out in the cold from the CARES Act and Paycheck Protection Program (PPP) – a victim of the SBA’s […]
As private equity adapts to Covid-19, new research from McKinsey & Company illustrates how operating groups play a vital role in a downturn. The COVID-19 crisis has caused epochal disruptions to social and economic systems, posing a threat to lives as well as livelihoods. For private equity firms, which often own businesses in multiple industries […]
North Castle Partners and True Beauty Capital, founded by Richard Gersten, have partnered to acquire and provide operating support to companies in the beauty and personal care sectors. Mr. Gersten was previously with North Castle from 1999 to 2007, and later, from 2007 to 2011 was with Catterton Partners. For the last 13 years, he […]
Castle Harlan and independent affiliate Branford Castle last summer teamed up to acquire Sunless, a maker of suntanning equipment based in Macedonia, Ohio. Another new deal from Castle Harlan? That might have come as a surprise to the Fortune editor who wrote the erroneous July 2015 headline, “Castle Harlan to wind down.” The misleading story […]
PE leaders are scrambling to keep up with the Covid-19 crisis. What they need is a practical way to assess risk company by company and prioritize the most effective response. By Marc Lino, Hubert Shen, Andrei Vorobyov and Hao Zhou; partners with Bain & Company’s global private equity practice As fast as the Covid-19 crisis […]
This is the time for decisive action and digital tools can be enablers to facilitate frequent communications and stay top of mind. By: Bill Haynes, Founder and CEO, BackBay Communications Digital communications have been growing in adoption and importance. Some have put these initiatives off, whereas others have built out effective capabilities to continually interact […]
JLL Partners has partnered with biomedical executive Bart Doedens to form Renovo Health, a new platform company in the medical materials sector. Renovo will look to buy, build, and develop materials technologies used in medical and dental procedures. JLL has committed $100 million to capitalize Renovo and fund future acquisitions. “We firmly believe underlying demographic […]
The preconception that risk analysis is only about avoiding worst-case scenarios is an inhibitor to recognizing the upside potential of a more holistic and quantifiable process. By Luke Phenicie, Lead Transaction Partner, HKW Time can warp an investor’s view of risk. Ten years removed from the global financial crisis, average entry valuations in private equity […]
New Providence Acquisition (NPA), a consumer-focused special purpose acquisition company (SPAC), has closed a $230 million public offering. NPA is led by Alex Coleman and Gary Smith, two experienced consumer sector investors. UBS O’Connor, a hedge fund investor and part of UBS’ asset management division, is an anchor investor in the company. Prior to the […]
