Sponsor-to-sponsor deals, a steady source of dealflow for GPs, usually generate favourable returns so long as the market cooperates, according to a report from Adams Street Partners.
PE deal volume continues to increase year-on-year as the region’s larger and faster-growing economies provide a hunting ground for international and domestic GPs.
The start-up is expected to reach $100m of total fund commitments later this month.
MidRail claims the Swiss firm has been 'unjustly enriched' at its expense through 'exploitation of MidRail's confidential information'.
The firm received unanimous approval from its LPs to replace Mark Wiseman with Robert Kapito as chairman of the executive investment committee, allowing its Long Term Private Capital Fund to continue investing.
Ahmed Badreldin, the firm's former head of Middle East and North Africa, says the North Africa Fund II has roughly doubled LPs' capital on exited investments so far.
Carlyle Group portfolio company Accolade Wines is understood to have had 'limited' impact to its vineyards amid the country's worst wildfires in more than a decade.
Economic concerns have prompted strategic buyers to become more frugal, paving the way for a greater number of secondary buyouts, according to managing partner Chulmin Lee.
EBITDA addbacks became an increasing cause for concern in 2019 as borrowers stretched the bounds of permissible adjustments.
EQT’s September stock market listing was a rare, unqualified success in the history of private market listings.