DOCSLIB.ORG

Private Equity Emerging Markets Outlook

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Private Equity Emerging Markets Outlook 2Q 2017 | bloombergbriefs.com Private Equity Emerging Markets Outlook How investors manage risk and opportunity in global growth markets Contents Bloomberg Reports Managing Editor Paul Smith 01 Middle East & Africa Editors 02 Emerging Markets by the Numbers Ainslie Chandler Siobhan Wagner 04 Credit Alison Ciaccio Dana Pardini 05 Q&A: Seymur Tari, Turkven Creative Director 06 Latam Outlook Robert Vargas 07 Guest Commentary: Actis Art Director Pekka Aalto 08 Q&A: Narina Mnatsakanian, Sarona Contributing Art Directors 09 Regional Perspectives Rose Constantino Ian Maready 10 India Lesia Kuziw Tatunchak Chris Yerkes 11 Q&A: Chris McDonough, New Jersey Division of Investment Marketing & Partnership Director 12 1Q Fundraising Review Courtney Martens [email protected] +1-212-617-2447 Advertising Lucy Rosen [email protected] +1-212-617-6759 Reprints & Permissions Lori Husted [email protected] +1-717-505-9701 x2204 To contact the editor responsible Ainslie Chandler [email protected] +1 212-617-3766 Produced by Bloomberg Briefs On the Bloomberg terminal at BRIEF<GO> Take your free trial of Bloomberg Brief newsletters today The newsletters pull together reporting, insight and analysis of over 45 senior editorial staff and dedicated economists to help you stay informed and ready for your daily business needs. To set up your free trial Visit bloombergbriefs.com or call us at +1-212-617-9030. Ask about our group subscription savings. © 2017 Bloomberg LP. All rights reserved. This newsletter and its contents may not be forwarded or redistributed without the prior consent of Bloomberg. Please contact our reprints group listed above for more information. MIDDLE EAST & AFRICA Investors Spy Opportunity in Africa But Remain Cautious By AINSLIE CHANDLER FUNDRAISING FOR MIDDLE East “Eight years ago, 10 years ago, it was telecommunications company, and and Africa-focused vehicles retreated difficult to get people to take a call on Nigeria-based Diamond Bank Plc. sharply in 2016, amid ongoing caution an Africa fund. Now we don’t find it dif- from investors. ficult at all to get a slot in people’s diary, Middle East A total of $2.5 billion was raised for for a conversation. Getting a check While fundraising for buyout vehicles Middle East and Africa-focused private written is still a challenge,” Boynton dedicated exclusively to the Middle East funds in 2016, while 16 new funds were said, in a March 1 interview. has been particularly slow, global funds launched during the year, according to One of the biggest investment opportu- have been circling deals in the area. data compiled by Bloomberg. nities in Africa is infrastructure, he said. Health care has proven to be a That’s below the $4 billion raised “The deficit estimated by the World popular niche among fund managers and 42 new funds launched in 2015, the Bank is $100 billion needs to be spent in the Middle East and Africa. The Bloomberg data show. annually in Africa over the next 10 Abraaj Group has been active in the The weaker fundraising environment years. Government and multilateral space, making investments in busi- comes as limited partners remain con- capacity to fund that is really no more nesses including Morocco-based health cerned about the stability and outlook than half,” Boynton said. “There’s a $50 platform Oncologie & Diagnostic for these regions amid a suite of issues billion private sector opportunity, or Du Maroc. like the conflict in Syria and economic requirement, really.” Dubai-based TVM Capital Healthcare unrest in South Africa. Old Mutual’s $5 billion alternatives Partners Ltd. in March said it plans to business manages private equity funds, raise $250 million to invest in hospi- Africa Outlook funds of funds and impact funds. tals, clinics and health care manufactur- Despite the drop in fundraising, there Boynton said his primary concern with ers in the Middle East, Turkey and India. are positive signs in Africa. Private investing in Africa is jurisdictional risk. It hopes to secure a 25 percent annual equity deal flow in that region rose to “We don’t have a list of countries return for the fund, founder and chair- $3.8 billion in 2016, from $2.5 billion and say ‘these are no-go areas.’ We actu- man Helmut Schuehsler told Bloomberg in 2015, as activity in the energy sector ally look at the opportunity set. If an at the time. spiked, according to the African Private opportunity arises, we assess the com- Equity and Venture Capital Association. mercial opportunity and we assess the The association said in a Feb. 28 jurisdictional risk,” he said. Fundraising for Middle East and statement that North Africa was likely Carlyle Group could eventually raise Africa-Focused Private Funds to continue to receive an increasing an Africa-focused megafund, given the amount of transaction activity in that scale of opportunity in the market, 55 Funds region as stability improves. according to Bill Conway, the firm’s Launched Limited partners are showing more co-founder and co-chief executive interest in Africa but it is still tough to get officer. “I think we’re early in Africa. I them to invest, according to Old Mutual don’t think there’s another major fund Alternative Investments Chief Executive that has an Africa business,” Conway Paul Boynton. said, on its February earnings call. “Someday [about] 25 percent of the $9.1b people on this planet will be in Africa, $7.9b and so we’re there, we’re early, and 15 Funds we’re working hard. We’ve done some Launched pretty interesting deals there and we do it because we think we can grow it $3.9b into a larger … multi-billion dollar fund $2.5b over time.” Carlyle Group in 2012 closed on $1.1b $698 million to invest in Sub-Saharan 2012 2016 Africa and has since invested in com- Source: Bloomberg; Note: Includes funds that held closes $2.5b during the period. Includes only funds focused exclusively Amount raised in 2016 for exclusively Middle panies including CMC Networks, a on these regions and strategies. East and Africa-focused private funds pan-Africa and Middle East-focused 1 Emerging Markets by the Numbers By AINSLIE CHANDLER Emerging markets have experienced a slump in private fundraising in recent years, as a wide variety of political and economic issues have kept some investors and fund managers at bay. Here are some key data points from 2016, according to data compiled by Bloomberg. Latin America/Caribbean Eastern Europe Middle East/Africa Asia $1.2b Total raised for Eastern Europe funds in 2016 32% Decline in Latin America and Caribbean fundraising from 2015 to 2016 $740m Total raised for HIG Brazil & Latin America Partners, which closed in April 2016 $3.2b Total raised for Latin America $32.2b and Caribbean funds in 2016 Total raised globally for emerging markets funds in 2016 2 233% Increase in Eastern European fundraising from 2015 to 2016 $24.9b Total raised for emerging Asia funds in 2016 $3.3b Size of Qianhai Fund of Funds, a fund of funds launched in January 2016 to invest in Chinese private equity $8b 47.9% Amount potentially being Decline in fundraising for emerg- targeted by emerging-markets ing Asia funds from 2015 to 2016 focused Abraaj Group for a global fund, according to a Bloomberg report from January. It would be the $920m firm’s biggest fund Amount raised for Sequoia Capital India V, which closed in February 2016 46% Decline in emerging markets fundraising from 2015 to 2016 Source: Bloomberg 3 CREDIT Investors Embracing Emerging Markets Private Credit By AINSLIE CHANDLER A DECLINE IN bank lending, combined America, Farallon said at the time. long lock-up vehicles, according to with forecasts of increasing numbers of It follows the firm’s restructuring of Gustavo Ferraro, the firm’s head of Latin non-performing loans (NPLs) and dis- Chinese developer Kaisa Group Holdings American markets. tress in some sectors, are pushing up Ltd. in 2016. Gramercy sees opportunities in dis- fundraising levels for emerging markets Gramercy Funds Management, an tressed debt because banks are becom- debt funds. emerging markets investment manager, ing less active in lending for anything In 2016, $8.8 billion was raised for in 2016 also closed on $1 billion for that does not have a “vanilla” structure, emerging markets debt funds, more its third emerging markets distressed Gramercy’s Bradshaw McKee said, in a than four times as much was raised for debt strategy. joint phone interview with Ferraro. the asset class in 2015, according to data That firm has about $6 billion in “Anything that has any complexity compiled by Bloomberg. various emerging markets debt strat- or uniqueness is becoming harder for “Private credit funds have actu- egies, including about $3 billion in lenders,” McKee said. ally exploded and there has been very Gramercy is currently focused on strong take up from some types of Latin America, particularly Brazil and LPs, yield-chasing LPs especially,” Vish Argentina, McKee said. Ramaswami, head of Asia-Pacific VC and In Argentina, the change of govern- PE Manager Research for Cambridge ment has been a plus for distressed inves- Associates, said in an interview. tors because its market-friendly reforms “Those funds are growing in to the energy and oil sectors have given number and in capital under manage- investors greater visibility to invest, ment in Asia and they are also picking according to McKee. In Brazil, recent up steam in the Middle East as well. political and economic volatility has They usually have some kind of a meant companies have needed to divest coupon, it may or may not be amortiz- assets and created the need for capital.
Load more

Recommended publications
  • Platinum Equity Announces $10 Billion Final Close for Flagship Private Equity Fund
    FOR IMMEDIATE RELEASE Platinum Equity Announces $10 Billion Final Close For Flagship Private Equity Fund PLATINUM EQUITY ANNOUNCES $10 BILLION FINAL CLOSE FOR FLAGSHIP PRIVATE EQUITY FUND Platinum Equity Capital Partners V Will Deploy Firm’s Signature M&A&O® Strategy LOS ANGELES, CA (January 7, 2020) – Platinum Equity announced today the final close of its latest global buyout fund, Platinum Equity Capital Partners V, with $10 billion in total capital commitments. “We are very grateful for the support of our investors worldwide who have entrusted us with their capital and helped extend our global investment reach,” said Tom Gores, founder, chairman and CEO of Platinum Equity. “We have great momentum, with a well-oiled investment machine built on discipline, urgency and a relentless focus on execution, and fueled by the capital resources to pursue complex transactions anywhere in the world,” Mr. Gores said. The fund, which had a target of $8 billion and a hard cap of $10 billion, was oversubscribed. It is Platinum Equity’s flagship private equity fund, focused on complex transactions utilizing Platinum Equity’s highly specialized M&A&O® approach. “We have great momentum, with a well-oiled investment machine built on discipline, urgency and a relentless focus on execution, and fueled by the capital resources to pursue complex transactions anywhere in the world,” said Tom Gores, founder, chairman and CEO of Platinum Equity. Mark Barnhill, the Platinum Equity partner responsible for leading the capital raise, said Fund V generated high demand from a diverse range of institutional investors around the world. More than 250 subscribers from 30 countries invested in the fund.
    [Show full text]
  • $1,500,000,000
    Platinum Equity Small Cap Fund $1,500,000,000 Large Cap Resources. The Small Cap M&A team is comprised of experienced M&A professionals in North America and Europe and dedicated operations team members who are focused on supporting the entire Small Cap Focus. investment process. Access to this kind of robust in-house operations resources gives Platinum Equity Small Cap the ability to easily navigate complex transactions with speed and certainty. Acquisition Profile The Small Cap Fund invests exclusively in the lower middle market, complementing the firm’s flagship $10 billion Platinum Equity Capital Businesses With: Partners V, which is focused on larger transactions. Revenue Under $650M Select Small Cap Experience1 EBITDA Under $45M SMALL CAP FUND | PRIVATE TRANSACTION SMALL CAP FUND | PRIVATE TRANSACTION Acquired from a financial sponsor. Acquired from founders. A marine contractor that specializes in cruise ship A leading North American manufacturer of irrigation interiors, providing both new build and refit services systems for residential and professional markets. All Industries to ship builders and cruise operators Industry: Consumer North America Industry: Industrials Revenue: $193M Revenue: €200M+ and Europe Transaction Capabilities • Corporate Divestitures SMALL CAP FUND | PRIVATE TRANSACTION FUND III | PRIVATE TRANSACTION • Private Transactions Acquired from founders. Acquired from affiliates of founder. • Public-to-Private Transactions One of the largest gift, loyalty and hospitality Regional wholesale distributor of building and • Special Situations card manufacturers in the world. lumber packaging products. Industry: Industrial Printing Industry: Building Products Revenue: $194M Revenue: $182M FUND III | PRIVATE TRANSACTION FUND III | PRIVATE TRANSACTION Acquired from affiliates of founders. Acquired from a financial sponsor.
    [Show full text]
  • SBCERS PE Q1 2018.Indd
    Santa Barbara County Employees’ Retirement System First Quarter 2018 PE Performance Update Agenda • Q1 Private Equity Performance 1 • Deal Review 11 • Appendix 14 Q1 Private Equity Performance PE Portfolio Highlights - March 31, 2018 Performance and Value Creation • Portfolio outperforms the Russell 3000 + 300 bps (designated benchmark) for long-term periodss • 43 bps since inception; 1 bp for the 10-year period • 17.06% point-to-point IRR for the one-year period, with four quarters of positive performance • Net value gains of $37.0M over the year PE Portfolio Returns PE Portfolio Value Created 15% $20 12.51% 12.17% 12.35% 12.07% $14.4 $15 $13.5 10% $11.0 $10 $9.6 5.72% $8.5 $8.5 5.12% 5% 3.70% ($ in Millions) $5 $4.0 $4.0 1.60% 0% $0 6/30/2017 9/30/2017 12/31/2017 3/31/2018 6/30/2017 9/30/2017 12/31/2017 3/31/2018 Point to Point IRR Since Inception IRR Net Value Gain Market Value Growth Page 2 Portfolio Summary SBCERS PE Portfolio Since-Inception Summary $ in Million 12/31/2017 3/31/2018 Net Change Active Partnerships 64 66 2 • Two new investments added in the fi rst Active GP Relationships 30 30 - quarter to existing managers Committed Capital $537.5 $557.9 $20.4 • Portfolio is ~73% paid-in at 3/31/18 Unfunded Commitment $216.3 $227.7 $11.4 Paid-in Capital $395.3 $407.2 $11.9 • Slight increase to distributed-to-paid-in ratio Distributions $305.5 $317.3 $11.8 over the quarter, 78% since inception D/PI 77% 78% 1% Net Invested Capital $89.8 $89.9 $0.1 Market Value $249.5 $253.5 $4.0 Total Exposure $465.8 $481.2 $15.4 Average Age of Commitments
    [Show full text]
  • INDUSTRY UPDATE: Financial Services
    ©2021 The Barrett Group ■ www.careerchange.com ■ Success Studies ■ The Hiring Line ■ August 2021 INDUSTRY UPDATE: Financial Services Editor’s Note: In this Industry Update “executives” will generally refer to the CEO, CFO, COO, and Vice President titles only. Unless otherwise noted, the data in this Update will largely come from LinkedIn and represents a snapshot of the market as it was at the time of the research. Is LinkedIn truly representative? Here’s a little data: LinkedIn has approximately 722 million users, 174 million in the US and 163 million in Europe. (See Source) It is by far the largest and most robust business database in the world, now in its 18th year. Forecasts for the Financial Services industry vary considerably, of course, however, in general, the expectation seems to be one of recuperation and recovery in part because consumers at least in the US and EU & UK have stockpiled cash during the pandemic at an incredible rate (no doubt in part because they could not engage freely in recreation.) Here is one recent assessment: “The global financial services market is expected to grow from $20,490.46 billion in 2020 to $22,515.17 billion in 2021 at a compound annual growth rate (CAGR) of 9.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote Comparing the US vs. the EU & UK Financial Services industry, the working, and the closure of commercial activities that resulted in size is quite different (298,000 executives in the US vs.
    [Show full text]
  • Senior Vice President, M&A Operations
    Senior Vice President, M&A Operations Position Summary Reporting to Small Cap M&A Operations leader, the Senior Vice President Operations (“SVP”) will lead Platinum Equity’s due diligence efforts on all deals under Platinum Equity’s Small Cap Fund. The successful candidate will be solely responsible for conducting best-in-class targeted diligence in a rapid paced, demanding, and rewarding environment. Company Description Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with $13 billion of assets under management and a portfolio of more than 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed more than 200 acquisitions. Platinum Equity's portfolio companies employ more than 100,000 people across seven continents and generated. The firm is headquartered in Beverly Hills, with offices in Boston, Greenwich, London, New York and Singapore, and employs more than 250 professionals dedicated to the investment process. Each office is comprised of a range of professionals dedicated to the firm’s unique M&A&O investment strategy. Platinum Equity has a long track record of creating value within its portfolio companies based on a proven approach honed over more than 20 years: • Provide management teams with capital, empowerment, and responsibility.
    [Show full text]
  • Public Investment Memorandum Platinum Equity Capital Partners V
    Public Investment Memorandum Platinum Equity Capital Partners V, L.P. Private Equity Fund Commitment Luke M. Jacobs, CFA Manager, Private Markets April 29, 2019 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM Recommendation: PSERS Investment Professionals, together with Hamilton Lane Advisors, L.L.C. (“Hamilton Lane”), recommend to the Board a commitment of up to $300 million to Platinum Equity Capital Partners V, L.P., (“Platinum V” or the “Fund”). Founded in 1995 and based in Los Angeles, Platinum Equity Advisors, LLC (“Platinum” or the “Firm”) is a global, operationally focused investment firm that manages approximately $11 billion in assets across six discrete pools of capital, including four Platinum Equity Capital Partners funds (Platinum Equity Capital Funds I – IV) raised by Platinum since 2004 with commitments from institutional investors. A pre-fund portfolio was invested between 1995 and 2004 with capital provided by the founder and principal executives. The Platinum Small Cap Fund was raised in 2018. Platinum has established Fund V with a target of $8 billion in capital commitments. Firm Overview: Platinum is a global private equity firm headquartered in Los Angeles, with offices in Greenwich, New York, Boston, London and Singapore. The Firm was founded in 1995 by Tom Gores, an entrepreneur and business operator who continues to lead the firm today as its Chief Executive Officer. Mr. Gores is surrounded by a core group of 10 Partners who have been with the firm an average of 18 years, and who together with Mr. Gores, created, expanded and refined the Mergers, Acquisitions and Operations (M&A&O) model.
    [Show full text]
  • About Jon Experience
    Jon-nathaniel Nair Director, Corporate and Finance LL.B (Hons), National University of Singapore (2004) Admitted to the Singapore Bar in 2005 T: +65 6531 2404 F: +65 6535 4864 E: [email protected] ABOUT JON Advised Singapore-listed Fischer Tech Ltd in the S$168 million acquisition by FT Jon's practice covers a broad spectrum of Holding II Limited, an entity affiliated with corporate transactions including mergers and and advised by Platinum Equity Advisors, acquisitions, private equity & venture capital by way of a scheme of arrangement investments, joint ventures, and restructuring. Advised the founding Ng family in their joint Before joining Drew & Napier in 2015, Jon offeror arrangements with Standard worked in leading Singapore and international Chartered Private Equity, and the S$414 law firms where he advised on a wide range of million pre-conditional voluntary general notable domestic and cross-border offer for and privatisation of Singapore-listed transactions in sectors such as technology, Tat Hong Holdings Ltd financial institutions, transport, energy, and infrastructure. Jon has also advised on Advised Toppan Printing Co Ltd in the commercial contracts and financing matters S$208 million voluntary general offer for and when on secondment at a major Singapore- privatisation of Singapore-listed SNP listed real estate and hospitality company. Jon Corporation Ltd regularly assists clients on their general corporate matters such as compliance with Advised Singapore-listed TIH Limited in the the SGX listing rules and on employment S$63 million voluntary general offer by matters. hedge fund Argyle Street Management and Lippo China Resources As part of his practice, Jon works closely with investors, multinational corporations and Advised OCBC Bank and other sellers in the family groups on their regional transactions in divestment of equity interests in Singapore- South-east Asia.
    [Show full text]
  • Funds Raised in Q3 2018
    www.buyoutsnews.com October 8, 2018 | BUYOUTS | 53 FUNDSFUNDS RAISED RAISED IN IN Q3 Q3 20182018 The following list represents funds raised by U.S.-based LBO and mezzanine firms in 2018. The list is compiled by Buyouts’ staff from a variety of sources, including news reports, press releases, Securities and Exchange Commission filings, and conversations with general and limited partners. Buyouts attempted to contact firms on the list. The amounts below are the most current figures we could obtain at press time. Funds in black are closed. Funds in red remain open, to our knowledge. If you have any questions or comments about this list, please send them to Joseph Weitemeyer, at [email protected]. Sponsor Name of Fund Fund Type Amount Amount Target ($M) Placement Agent Legal Counsel Raised Raised- in 2018 to-Date ($M) ($M) 1315 Capital 1315 Capital II Growth Equity 300.0 300.0 250 3G Capital 3G Capital Partners L.P. Acquisitions/Buyouts 37.0 8,000 ABRY Partners ABRY Heritage Partners Acquisitions/Buyouts 217.0 525 Accel-KKR Accel-KKR Growth Capital Partners Growth Equity 500 III LP ACM Capital Partners ACM Strategic Investment Partners Acquisitions/Buyouts 74.5 200 IV LP AE Industrial Partners AE Industrial Fund II Growth Equity 1360.0 1360.0 1000 Eaton Partners Kirkland & Ellis Aldrich Capital Partners Aldrich Capital Partners Fund LP Growth Equity 246.4 246.4 250 North Seas Securities Alliance Consumer Growth Alliance Consumer Growth Fund Growth Equity 350.0 350.0 350 IV LP Altaris Capital Partners Altaris Health Partners IV LP Acquisitions/Buyouts 800 Altaris Capital Partners Altaris Constellation Partners IV, L.P.
    [Show full text]
  • PUBLIC NOTICE Federal Communications Commission Th News Media Information 202 / 418-0500 445 12 St., S.W
    PUBLIC NOTICE Federal Communications Commission th News Media Information 202 / 418-0500 445 12 St., S.W. Internet: http://www.fcc.gov Washington, D.C. 20554 TTY: 1-888-835-5322 DA 08-339 Released: February 11, 2008 DOMESTIC SECTION 214 APPLICATION FILED FOR THE TRANSFER OF CONTROL OF COVAD COMMUNICATIONS COMPANY AND DIECA COMMUNICATIONS, INC. TO CCGI HOLDING CORPORATION STREAMLINED PLEADING CYCLE ESTABLISHED WC Docket No. 08-2 Comments Due: February 25, 2008 Reply Comments Due: March 3, 2008 The following application was filed pursuant to section 63.03 of the Commission’s rules requesting approval for the indirect transfer control of Covad Communications Company (Covad) and DIECA Communications, Inc. (DIECA), both wholly owned subsidiaries of Covad Communications Group, Inc. (CCGI), to CCGI Holding Corporation (Holding) (collectively, Applicants).1 CCGI is a publicly held Delaware company. Covad, a California corporation, and DIECA, a Virginia corporation, provide competitive voice and data communications services nationwide. Holding, formerly known as Blackberry Holding Corporation, is a Delaware corporation that is ultimately controlled by Platinum Equity, LLC, a Delaware limited liability company owned by Tom T. Gores, a U.S. citizen. Applicants state that the following two U.S.-based private equity funds and one U.S-based investment entity, all of which are ultimately controlled by Platinum Equity, LLC and Mr. Gores, will own 10 percent or more of Holding: Platinum Equity Capital Partners II, L.P. (PECP) (61.9 percent); Platinum Equity Capital Partners-A II, L.P. (PECPA) (12.6 percent); 2 and Platinum Blackberry Principals, LLC (PBP) (20 percent).3 1 47 C.F.R § 63.03; see 47 U.S.C.
    [Show full text]
  • An Introduction to Platinum Equity
    An Introduction to Platinum Equity January 2019 Copyright © 2019 Platinum Equity, LLC. All Rights Reserved. “Mergers. Acquisitions. Operations.” is a service mark and “M&A&O” and “Platinum Equity” are registered service marks of Platinum Equity, LLC. Other trademarks and service marks belonging to affiliates of Platinum Equity and appearing herein are the property of such affiliates. It is not Platinum Equity’s intention to claim as its own any third-party trademark or service mark that may appear in this material. Platinum Equity at a Glance Assets Under Acquisitions Portfolio Overview Management Since 1995 Revenue Founded in 1995 by Tom Gores, an entrepreneur $13B 250+ $31B+ and business operator Headquartered in Los Angeles with offices in Boston, Greenwich, New York, London, and Fund History Singapore Highly differentiated investment approach: M&A&O® Pre-Fund 1995-2004 $500M+ • Fully integrated, operations intensive, execution-focused • Large team of in-house operations specialists Fund I 2004 Vintage $700M Experienced and stable leadership team Fund II 2007 Vintage $2.75B Proven track record and cycle-tested over more than 20 years Fund III 2012 Vintage $3.75B Current Investment Vehicles Fund IV 2016 Vintage $6.5B Portfolio company revenue as of September 30, 2018. Pre-fund cash invested and Platinum Equity Capital Partners Funds I, II, III, and IV; and Platinum Equity Small Cap total capital commitments. Small Cap 2018 Vintage $1.5B 2 Broad Expertise and Global Reach ~40 Portfolio Companies with 140K+ Employees Across 7 Continents 25k+ 45k+ 65k+ 600+ 3k+ 6k+ 3k+ Reflects portfolio company headcount by continent as of September 2018.
    [Show full text]
  • Lawrence M. Braun
    Lawrence M. Braun Partner T: +1.213.617.4184 333 South Hope Street C: +1.213.999.0444 Forty-Third Floor F: +1.213.443.2814 Los Angeles, CA 90071 [email protected] Larry Braun is the former Leader of the firm’s Corporate Practice Group. In addition to his law degree, Larry holds an M.B.A. in Finance from the Kellogg School at Northwestern University and has attained the New Jersey C.P.A. Certificate Requirements. He was previously a managing director of the largest private investment banking firm on the west coast. Larry is resident in the firm’s Los Angeles office, where he represents public and private companies in the areas of mergers and acquisitions, corporate finance, securities and general business. Areas of Practice Larry is an advisor to clients ranging from family-owned businesses to multi-national corporations in many diverse industries such as high-tech and computers, healthcare, consumer goods, aerospace and defense and grocery and food service. His principal areas of practice consist of general corporate law, corporate finance and securities law, mergers and acquisition transactions, contractual matters (including licensing and distribution arrangements), healthcare transactions and general business counseling. Honors ■ Leading Dealmakers in America List, Lawdragon, 2021 ■ Southern California Super Lawyer, Super Lawyers, 2007-2021 ■ The Los Angeles 500 - The Most Influential People in Los Angeles, Los Angeles Business Journal, 2016-2017 ■ Trailblazer - Mergers and Acquisitions and Antitrust, National Law Journal,
    [Show full text]
  • Private Equity Analyst
    PRIVATE EQUITY ANALYST NOVEMBER 2020 Women to Private Equity’s Top Female Talent of Today and Tomorrow p. 7 10 VCs Grooming Game-Changing Startups p. 13 Watch LP Cycles Ad HFA+PEA-Ltr DR080420.pdf 1 8/4/20 5:43 PM Private equity investing has its cycles. Work with a secondary manager who’s C experienced them all. M Y CM MY As leaders of the secondary market, the Lexington Partners team CY draws on more than 400 years of private equity experience. CMY Through all types of business cycles, we have completed over K 500 secondary transactions, acquiring more than 3,000 interests managed by over 750 sponsors with a total value in excess of $53 billion. Our team has excelled at providing customized alternative investment solutions to banks, financial institutions, pension funds, sovereign wealth funds, endowments, family offices, and other fiduciaries seeking to reposition their private investment portfolios. If you have an interest in the secondary market, our experience is second to none. To make an inquiry, please send an email to [email protected] or call us at one of our offices. Innovative Directions in Alternative Investing New York • Boston • Menlo Park • London • Hong Kong • Santiago • Luxembourg www.lexingtonpartners.com Includes information regarding six funds managed by Lexington’s predecessor formed during the period 1990 to 1995. This information is provided for informational purposes only and is not an offer to sell or solicitation of offers to purchase any security. Private Equity Analyst November 2020 contents Volume XXX, Issue 11 Fund News u The Roundup Comment Clayton Dubilier Collects About $14B for Latest Buyout Fund 26 H.I.G.
    [Show full text]