article thumbnail

Blackstone braves frigid debt financing market with $14bn Emerson unit deal

Financial Times M&A

Private equity firm teams up with sovereign wealth funds in buyout of US conglomerate’s climate tech arm

article thumbnail

Growth Equity: The Child Prodigy of Private Equity and Venture Capital, or an Artifact of Easy Money?

Brian DeChesare

Over the past few decades, growth equity (GE) has gone from an afterthought to a major asset class for huge investment firms. Others would counter that growth equity’s rapid ascent was mostly due to the easy money that persisted between 2008 and 2021. The Top Growth Equity Firms Why Did Growth Equity Get So Popular?

Equity 90
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pandemic-Related Deal Litigation Highlights Buyer Leverage in Transactions Requiring Debt Financing

Cooley M&A

Since that post, the Delaware Chancery Court has had the opportunity to consider some preliminary issues relating to certain of those jeopardized transactions involving private equity-backed buyers.

article thumbnail

AdTheorent Holding Company, Inc. Enters into Agreement to be Acquired by Cadent, LLC for Approximately $324 Million Representing $3.21 Per Share

Benzinga

The transaction represents an equity value for the Company of approximately $324 million and represents a 17% premium to the 60-day volume weighted average stock price as of March 28, 2024 and a 27% premium to the 90-day volume weighted average stock price as of March 28, 2024. The transaction is not subject to a financing condition.

article thumbnail

The 2023-2024 State of the M&A Market for IT Services Firms

IT Valuations

There’s still demand for tech owners who want to sell and exit their firms, but many buyers are somewhat concerned about the economic outlook, with increasing interest rates and accelerating inflation the major worries. Private equity interest in buying tech firms hasn’t waned much.

article thumbnail

After the “Partner Run”: The Dewey & LeBoeuf Diaspora

Reynolds Holding

offices and (2) every New York City-based lawyer working in M&A, capital markets, debt finance, antitrust, and white-collar defense for Dewey’s peer firms. Of ex-Dewey partners, 80 percent became partners or senior counsel at such firms, and some of those who left Biglaw started their own boutiques.

article thumbnail

Have Your Cake, and Closing Too: Invoking Prevention Doctrine, Delaware Chancery Court Grants Seller’s Request for Specific Performance in COVID-Related M&A Dispute

Cooley M&A

In reaching this order, the court applied the prevention doctrine, finding that the unavailability of buyer’s debt financing did not permit buyer to circumvent its obligation to close because buyer materially contributed to the debt financing being unavailable.