The Association for Corporate Growth said it applauds the Congressional hearing to consider exempting middle-market private equity funds from the registrations requirements under the SEC’s Investment Advisers Act.
Simpson Thacher announced that it is representing Blackstone in connection with its acquisition of Strategic Partners, a private equity business, from Credit Suisse.
According to Dow Jones LP Source, limited partners showed less support for U.S. and Europe private equity funds in the latter half of 2012, leasing to an overall yearly decline in funds raised for both regions.
Ready to Stretch? Private Equity Investors Demand Creativity & Flexibility From Middle-Market Lenders
Having weathered the ravages of the last two years, some businesses are stronger than ever and are now experiencing unprecedented and growing EBITDA margins. At the same time, acquisition-hungry private equity investors are ready to do business with owners who are anxious for an exit. As a result, purchase prices of such businesses are escalating and will test the limits of secured financing as a new pricing paradigm emerges. Are lenders ready to stretch?