article thumbnail

The Market for CEOs: Evidence from Private Equity

Harvard Corporate Governance

companies (enterprise value greater than $1 billion) purchased by private equity firms between 2010 and 2016. We find that 71% of those companies hired new CEOs under private equity ownership. We augment the work on public company CEOs by studying the market for CEOs among larger U.S.

Equity 264
article thumbnail

Sedgwick Lands PE Investment At $13.2B Enterprise Value

Law 360 M&A

Sedgwick, an insurance claims management provider, announced Thursday that it has landed an investment from private equity firm Altas Partners at a $13.2 billion enterprise value, in a deal crafted by Latham & Watkins LLP and Kirkland & Ellis LLP.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

How to Start a Private Equity Firm – and Why You Probably Shouldn’t

Brian DeChesare

If you search for “how to start a private equity firm” online, you’ll find results that range from useless to tangentially useful to occasional nuggets of real wisdom. Starting a private equity firm is a bad decision for ~95% of people who work in the finance industry. Degrees such as an MBA or a Ph.D.

article thumbnail

EV/EBITDA Explained: A Key Valuation Multiple for Investors

Valutico

This ratio offers insight into a companys profitability and relative value by comparing its total worth (Enterprise Value, encompassing debt and equity) to its operational earnings (EBITDA). The multiple is calculated as Enterprise Value (EV) divided by EBITDA. What is Enterprise Value?

EBITDA 52
article thumbnail

Understanding the Lower Middle Market M&A Landscape: What CEPAs Need to Know

Scott Mashuda

The lower middle market typically encompasses businesses with $2-10 million in EBITDA or enterprise values between $10-100 million. To properly serve clients in this segment, CEPAs must understand both the value drivers that appeal to these sophisticated buyers and the common issues that can derail transactions before they begin.

article thumbnail

4 Firms Guide $3.1B Take-Private Deal For Aviation Co. ATSG

Law 360 M&A

Private equity firm Stonepeak, advised by Simpson Thacher and Hogan Lovells, is buying Air Transport Services Group Inc., guided by Davis Polk and Vorys, at an enterprise value of roughly $3.1 billion, the aviation company said Monday.

article thumbnail

Thoughtworks Stock Soars On $1.75B Apax Take-Private Deal

Law 360 M&A

Chicago-based Thoughtworks said it will be sold to British private equity firm Apax Partners LLP at a roughly $1.75 billion enterprise value, a deal that sent the technology consultancy's stock soaring more than 25% on Monday morning.