Alex Lynn
The restructuring specialist predicts record earnings in 2017, with two large exits to be reported in Q3.
The firm aims to secure a 25% IRR by investing almost one-third of Finles Lowestoft Equities Fund in high-growth blockchain companies.
‘Attractive valuations’ have led to more capital being returned during the first quarter.
The firm hopes to raise around $25bn for its flagship US, Europe and Asia vehicles.
Investments in the sector have achieved an EV of 11.14x EBITDA at exit since 2007, compared with just 9.96x for other buyouts.
Wealth managers have become ‘more risk tolerant of late’ and have sought more exposure to listed private equity stocks.
Technology investments have significantly outperformed other private equity buyouts since the recession, according to data from investment decision platform CEPRES. Deals in the sector, which includes computer hardware, telecoms and internet companies, were on average sold for an enterprise value of 11.14x EBITDA. This compares with a median sale price of 9.67x EBITDA for non-tech […]
A number of high-profile acquisitions of publicly listed companies underscore a growing trend.
The firm will create SMAs to invest alongside capital from its balance sheet.
The three dedicated fund of funds will invest 80% of equity into unlisted French companies.