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Private Equity

All articles tagged with #private equity

McKesson and CD&R to Take Option Care Health Private in $5.8 Billion Deal
healthcare3 days ago

McKesson and CD&R to Take Option Care Health Private in $5.8 Billion Deal

McKesson and private equity firm Clayton Dubilier & Rice (CD&R) have agreed to acquire Option Care Health, the largest independent US provider of medical infusion services, for $5.8 billion including debt. The deal values the company at $32.05 per share, representing a 37% premium to its recent closing price. CD&R will hold a 51% stake, while McKesson will hold the minority interest with the right to buy out CD&R in the future. The acquisition reflects a broader trend of healthcare services companies being bought at lower valuation multiples, driven by rising demand for complex biologic medicines administered via infusion.

via Financial Times|
#clayton-dubilier-and-rice#healthcare#healthcare-services
Blackstone’s Joseph Baratta to Exit by Year-End, Exploring Public Service Role
business14 days ago

Blackstone’s Joseph Baratta to Exit by Year-End, Exploring Public Service Role

Joseph Baratta, Blackstone’s top private equity executive, is preparing to leave the firm by the end of 2026 to potentially pursue a career in government. He will not be replaced; the division will be led by existing heads like Martin Brand. The move follows a wave of recent executive departures and occurs amid muted fund performance and a surge in public listings.

via Financial Times|
#blackstone#business#joseph-baratta
Warren Reintroduces Private Equity Liability Bill Amid Fast-Food Backlash
politics14 days ago

Warren Reintroduces Private Equity Liability Bill Amid Fast-Food Backlash

Senate Democrats have reintroduced the Stop Wall Street Looting Act, a bill first proposed in 2019 that would hold private equity firms directly liable for the debts, legal judgments, and pension obligations of the companies they acquire. The legislation aims to curb the practice of leveraged buyouts, where firms load acquired companies with debt and extract management fees, often leading to bankruptcy. While the bill faces significant hurdles in the current Republican-controlled Congress, its reintroduction signals a key Democratic priority for the upcoming midterm elections. Critics argue the measure could harm economic growth and public pension funds, while supporters contend it is necessary to protect workers and consumers from exploitative financial practices.

via Salon.com|
#elizabeth-warren#fast-food#politics
Private equity reshapes autism care, leaving kids and taxpayers paying the price
healthcare23 days ago

Private equity reshapes autism care, leaving kids and taxpayers paying the price

An investigative report finds private equity-backed ABA therapy centers have driven Medicaid autism spending to nearly $7 billion from 2019–2024, often at the expense of effective or humane care and school-based services, with audits flagging improper payments and lax oversight; the result is consolidation into large networks and calls for greater accountability and potential liability reform.

via MinnPost|
#aba-therapy#autism#healthcare
Tropical Smoothie Cafe Rolls Out Bright New Brand Ahead of Rapid Expansion
business23 days ago

Tropical Smoothie Cafe Rolls Out Bright New Brand Ahead of Rapid Expansion

Tropical Smoothie Cafe unveiled a brighter, palm-frond branding and a unified packaging design as it pursues rapid growth under Blackstone, aiming to exceed 1,800 locations by year-end and expand internationally. The company has consolidated its marketing budget into an $80 million fund, grown its loyalty program to 13 million members, and is rolling out a redesigned mobile app and website and testing self-order kiosks to drive repeat business. Most revenue comes from franchising; net income in fiscal 2025 was $115.4 million on $131.4 million in revenue. No IPO is planned for now, with growth opportunities strongest in the West and Midwest amid wellness-driven demand for beverages.

via CNBC|
#branding#business#expansion
CVC faces minority revolt over Recordati delisting price
mergers-and-acquisitions26 days ago

CVC faces minority revolt over Recordati delisting price

CVC’s €51.29-a-share bid to take Recordati private, valuing the company at about €10.7bn, has sparked opposition from minority investors and a split board, with independent directors arguing the offer undervalues the company and pressures holders to tender. CVC says the premium reflects Recordati’s complex structure and risks around its blockbuster rare-disease drugs. With six minority shareholders and Palliser Capital voicing concerns, the deal faces questions over valuation, governance, and whether CVC can reach the 90% threshold to squeeze out remaining holders; if not, the firm may pursue a delisting via merger or other exit options and could consider alternative sale routes.

via Financial Times|
#cvc-capital-partners#mergers-and-acquisitions#private-equity
Dell Family Office Poised to Take Baldwin Private in $4.1 Billion Deal
business26 days ago

Dell Family Office Poised to Take Baldwin Private in $4.1 Billion Deal

Michael Dell’s family office DFO Management is in advanced talks to take Baldwin Group private at a roughly $4.1 billion valuation, in a potential leveraged buyout amid ongoing consolidation in the insurance broker sector. Baldwin, which focuses on commercial insurance for midsize and large companies, could see an announcement next week barring last-minute issues. The move follows Aon’s purchase of USI Insurance and reflects rising private‑markets interest in brokers and insurers; Baldwin shares have risen about 25% this year on speculation.

via Financial Times|
#baldwin-group#business#dfo-management
Denny’s charts a comeback with menu revamp and private‑equity backing
business27 days ago

Denny’s charts a comeback with menu revamp and private‑equity backing

Denny’s is moving beyond recent store closures by revamping its menu, renovating up to 350 locations, and pursuing faster expansion under new private‑equity ownership. The plan includes a new menu rollout in about 40 restaurants by fall, the launch of Triple Play Combo meals, a push into catering via ezCater, and leadership changes designed to streamline operations as the chain targets sustained growth with dozens of new openings in 2026–27.

via USA Today|
#business#catering#dennys
LIV Golf bets on a player-owned 2.0 to rescue its finances
business1 month ago

LIV Golf bets on a player-owned 2.0 to rescue its finances

LIV Golf has filed for Chapter 11 in New Jersey and is racing to sign players for a new LIV 2.0 as part of a restructuring backed by a $300 million BC Partners-led investment and a $50 million loan from Saudi Arabia’s Public Investment Fund. Under the term sheet, players would exchange their current contract claims for equity in LIV 2.0 and could receive signing bonuses and NIL endorsements, with the league majority-owned by players. The plan hinges on court-approved milestones to avoid a wind-down; LIV disclosed about $15 million cash at filing after burning through roughly $5 billion from PIF and $500 million in a prior loan. In 2025 LIV revenue was about $200 million, with little contribution from TV deals, while sponsorships dominated. A committee of unsecured creditors is anticipated to be formed, and Judge Kaplan noted the spectacle of such a committee formation during proceedings.

via Financial Times|
#bankruptcy#bc-partners#business
SEC moves to scrap pay-to-play ban for private equity advisers
business1 month ago

SEC moves to scrap pay-to-play ban for private equity advisers

The SEC proposes rescinding Rule 206(4)-5, the pay-to-play prohibition that bars advisers from government work for two years after political contributions. It argues the rule is unwieldy and chills speech, offering no replacement and relying on state and local laws instead. The proposal, backed by SEC Chair Paul Atkins and two Republican commissioners, would shift enforcement to existing laws with comments open for two months; critics warn of potential bribery risks if the rule is eliminated.

via Axios|
#business#investment-advisers-act#pay-to-play
Blackstone Real Estate Chief Meghji to Depart as Internal Pair Takes Helm
business1 month ago

Blackstone Real Estate Chief Meghji to Depart as Internal Pair Takes Helm

Nadeem Meghji, Blackstone's Global Head of Real Estate, is leaving after nearly two decades with the firm. He joined during the 2008 downturn and becomes the sole real estate head after Kathleen McCarthy's departure last year. Blackstone will elevate two internal leaders—David Levine and Giovanni Cutaia—to co-lead the real estate business, signaling continuity. Meghji previously led a major push into data centers, a sector Blackstone has aggressively expanded, with about $140 billion in data-center assets globally and a roughly $608 billion global real estate portfolio overseeing around 800 professionals.

via Bisnow|
#blackstone#business#data-centers
Seahawks' ownership adds 12 limited partners in $9.6B deal
business1 month ago

Seahawks' ownership adds 12 limited partners in $9.6B deal

Seattle Seahawks' new ownership group includes 12 limited partners as part of a $9.612 billion purchase; the Khosla family must own 30% (at least $2.88 billion), with up to $6.728 billion raised from the LPs. The limited partners are Mark Stevens; the Aramburuzabala family; Val Blavatnik; Sheryl Sokoloff; Gonzalo Hevia Baillères; Jesse van der Werf; Samir Kaul; Sunny Gupta; Nader Naini; Penny Pritzker; Carlyle Dynasty Equity Group; and Sixth Street; though exact ownership percentages were not disclosed.

via nbcsports.com|
#business#limited-partners#ownership