The buyout industry is facing a shakeout in the Covid-19 downturn, as cracks in performance emerge for institutional investors who had been benefiting from seemingly low risk in fund selection. Strong private equity performance in 2019 marked the “calm before the...
A special purpose acquisition company co-founded by billionaire real estate executive Barry Sternlicht has expanded its initial public offering again to raise $600 million, according to people with knowledge of the matter. Jaws Acquisition Corp., a so-called...
Private equity outfit KKR has revealed that it has acquired a 5.2% stake in German commercial broadcaster ProSiebenSat.1, causing the media giant’s shares to rise on the Frankfurt stock exchange. KKR told Reuters that it had decided to invest in the broadcaster...
Has COVID-19 delivered a death blow to the cruise industry? The luxury brand buyout specialists at L Catterton think not. As shares of Norwegian Cruise Line continued to sink like the Titanic—down 80% from the end of 2019 to $12 per share by late April—Scott Dahnke...
While traditional private equity investors invest three quarters of their capital in large companies, a new breed of investors are focusing on owner-led small businesses. In 1988, Jon Leonhardt dropped out of college. A few years later, he started taking on projects...
