COVID-19’s Potential Impact on Venture Capital Investment Terms

Posted by Rob Carlson and Jake Funk, Sidley Austin LLP, on Friday, May 15, 2020 Editor's Note: Rob Carlson is a partner and Jake Funk is an associate at Sidley Austin LLP. This post is

Private Equity Didn’t Help

J. Crew, Neiman Marcus and some other retailers facing bankruptcy after the pandemic have a common problem: large debt loads from leveraged buyouts.

Sponsors mull cost of turning to state support schemes

With leveraged companies largely shut out of central bank bond buying and price support schemes, sponsors are mulling government-backed lending schemes in several European countries, as they seek to show other creditors that they have

China stuns market by halting Ant IPO at the eleventh hour

The Shanghai Stock Exchange stunned the market on Tuesday by halting Ant Group’s $34bn IPO, set to be the largest listing in history, just two days before the company’s planned stock market debut. The extraordinary

Alibaba Health nets $1.3bn from record healthcare follow-on

Alibaba Health Information Technology has sealed Hong Kong’s largest primary follow-on in five years, navigating concerns over high valuations to increase the size of the deal to HK$10bn ($1.29bn).

AMB :- Investcorp and Tages merged their absolute return businesses in a 50-50 deal

Laxman Pai, Opalesque Asia: Alternative investments firm Investcorp and European asset manager Tages Group created a 50%-50% joint venture by combining the absolute-return businesses of each company earlier this month. T...Article Link

Some listed private equity funds are trading on over 30% discounts but now is the time to buy, analysts say

Numis analysts have said listed private equity's balance sheets are in a much better position now than they were at the time of the global financial crisis

Private equity firm’s $1.1bn acquisition of .org domain blocked

Icann has not approved Ethos Capital's acquisition of the Public Interest Registry after criticism from non-governmental organisations

Executive Compensation Considerations in PIPE Transactions

Posted by Adam J. Shapiro and David E. Kahan, Wachtell, Lipton, Rosen & Katz, on Thursday, April 30, 2020 Editor's Note: Adam J. Shapiro and David E. Kahan are partners at Wachtell, Lipton, Rosen &

Barclays CEO says large City offices may be a ‘thing of the past’

Barclays boss Jes Staley said the bank is re-thinking its location strategy as coronavirus shifts work-at-home practices

BlackRock unit to increase its stake in US cybersecurity company Cofense

Cofense provides cybersecurity services to large US corporations and multiple branches of the US government

AMB :- Australian private capital AUM rises to $68bn in 2019

Laxman Pai, Opalesque Asia: In 2019, Australia's dynamic private capital industry - comprising private equity, venture capital, private debt, real estate, infrastructure, and natural resources- amassed a record-high of $...Article Link

Venture firms seek stronger deal terms as leverage shifts back to investors

Investors aim to hedge risk and gain more control of startups as capital dries up

Omers’ venture capital arm launches $750m tech fund

The new vehicle is Omers Ventures’ first transatlantic initiative, targeting tech investments in the UK, Europe, and North America

Indexes show private equity valuations suffering more than venture capital’s

Two proprietary indexes suggest that venture capital portfolios have held up better than those of private equity firms amid the coronavirus pandemic

EMH Partners targets €650m for second growth fund

EMH Partners says new fund focuses on midsize companies with high digital potential

World’s largest finance firms consider shrinking offices due to coronavirus crisis

The pandemic has forced City companies to change their working practices, some changes could stick

COVID-19 crisis shifts hedge fund flows negative in March

Opalesque Industry Update - Investors redeemed an estimated $24.1 billion from hedge funds in March. Outflows offset Jan/Feb allocations shifting YTD flows to negative $8.0 billion, said eVestment. Large performance losses resulted in total industry

Tough times ahead for European venture capital

Start-ups scaling back growth efforts and companies conserving cash will mean less venture capital spending this year

Mediterrania collects €286m for its third Africa-focused growth fund

The fund, which is 60% committed, targets small and medium-sized companies in North Africa and Sub-Saharan Africa

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