Friday, 25 July 2014
Last updated 16 min ago
Jul 10 2014 | 6:12am ET
Private-equity firms apparently failed to heed Leon Black’s advice last year to sell “everything that’s not nailed down”—at least until now.
P.E. exits hit an all-time high for a first half this year, with firms selling $187.3 billion in holdings, according to Dealogic. In the first half of last year, by contrast, exits totaled only $97.3 billion.
In the first six months of 2014, exits in North and South America alone topped that figure at $98.8 billion.
Secondary buyouts hit a seven-year high at $35.9 billion.
P.E. firms may have been so busy selling that they didn’t have much time to buy: Dealogic said that fewer deals were struck than in any first half in three years. Deal-making totaled just $128.7 billion through June, down 12% from the first half of 2013.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…