Cooper Smith retweeted
.@GTCRLLC has paid $2.7 billion for @AssetMark, an online wealth management platform. Such assets have been hotspots for #PE #investment, but that's slowly changing as the industry contracts.
valueaddpe.com/can-gtcrs-2-7…
Plus: @tpg buys @Altimetrik, @26northpartners inks its first deal, and Birch Hill Equity Partners bets big on Canadian pharmacies.
Cooper Smith retweeted
We're in good company on Full Time Offer's "12 Best Free Finance Newsletters" list! Subscribe with link in bio.
fulltimeoffer.com/post/free-…
"The newsletter from Value Add PE focuses on insights for private equity operating partners and sponsor-backed executives. Content includes private equity #news, research articles, case studies, sector trends, and career advice. Topics covered range from buyout news, #portfolio operations, and major private equity deals, to #AI use cases in private equity, and profiles of private equity-backed CEOs. This makes it a comprehensive resource for those involved in or interested in the private equity sector."
#Investment #Finance
Cooper Smith retweeted
.@DB_Bahn launched a process to sell @DBSchenker, its logistics arm, in December 2023. Now, two bidders have emerged from the 20 that initially showed interest: @CVC_Capital and @DSV_global. Each has placed a binding bid of €14 billion ($15.6 billion) for the company whose profits keep dwindling.
Plus: #CyberSecurity companies make enticing #PE targets, Wynnchurch adds on Iconex’s label solutions to M2S, and the @NFL accepts eight PE firms into the fold.
valueaddpe.com/deutsche-bahn…
Cooper Smith retweeted
#CyberSecurity companies have become popular targets for #PE due to their increasing importance to #IT departments across industries.
Approximately 18% to 28% of all IT budgets in the UK and US are now dedicated to improving technology resilience, according to B2B research firm @vansonbourne and @SRMInform.
Read more: valueaddpe.com/cybersecurity…
Cooper Smith retweeted
Few companies consider deals below $5 million #EBITDA – and even fewer launch roll-ups with an asset that small. But The Riversie Company does just that, with an #international edge.
#PE #investment
valueaddpe.com/weve-moved-do…
Cooper Smith retweeted
.@OneCarlyle has bought Vantive, the kidney care unit of @baxter_intl for $3.8 billion. Atmas Health was added to Carlyle's #healthcare #operations platform in 2022 and will oversee the asset.
Plus: #PE broadens feeder firms for operating partner recruitment, @thomabravo exits $2.9B Trader Corp, and @GrantThornton, @EvolentHealth, and @RedwoodSoftware seek private #equity buyers.
Read our weekly briefing: valueaddpe.com/3-8b-for-vant…
#InvestmentStrategies #InvestmentOpportunities #investment
Cooper Smith retweeted
Dedicated operating partners are scarce in the small- to mid-market. But counterintuitively, these firms’ operational successes have led them to outperform large buyouts. By @xisabelobrienx
valueaddpe.com/why-do-smalle…
Cooper Smith retweeted
Amid volatility, KKR remains steadfast in its Japan buyout strategy. By @xisabelobrienx
valueaddpe.com/why-kkr-keeps…
Cooper Smith retweeted
How the unwinding of the Yen carry trade affects private equity. by @CooperASmith
valueaddpe.com/how-the-unwin…
Cooper Smith retweeted
Apollo Global Management is rolling the dice again with a $6.3 billion bet on IGT and Everi Holdings. With past bets like PlayAGS and Caesar's Entertainment, Apollo's track record in gaming is mixed. 🎲 by @xisabelobrienx #PrivateEquity valueaddpe.com/can-apollo-en…
Cooper Smith retweeted
I was surprised to see real services spending up 0.1% in December. Here are the major COVID-sensitive service categories:
Food: -1.5%
Hotels&motels: 9.3%
Ground transportation: 3.2%
Air transportation: 0.4%
Recreation: 1.0%
Movie theaters: 59.8% (Spiderman!)
Personal care: 0.5%
Cooper Smith retweeted
SCOOP: Peloton is working with consulting group McKinsey & Co. to review its cost structure, which could entail layoffs and store closures. One employee tells me morale at the company is at an "all time low." $pton
cnbc.com/2022/01/18/peloton-…
Cooper Smith retweeted
Netflix is raising prices on all of its plans in the US. Check out the price hikes over the years 👇theverge.com/2022/1/14/22884…
Cooper Smith retweeted
JPMorgan earnings show that average loans were up 6% in Q4, but average deposits were up 17%. Consumers are still stockpiling cash and lending is still lagging behind.
Cooper Smith retweeted
The unemployment rate is lower today than it was during *every month* in the 1970s, 80s and 90s.
Cooper Smith retweeted
I feel like this stat would shock some people on Twitter – at San Francisco, CA
Cooper Smith retweeted
iBuyers are selling thousands of homes to Wall St landlords, squeezing regular buyers out of competitive housing markets. This is particularly true in communities of color.
Fascinating, novel analysis & reporting by @NBuhayar @pat_clark @JordynJournals
bloomberg.com/news/features/…
Cooper Smith retweeted
Comparing valuations:
Tesla $1 trillion
GM
Ford
Toyota
Ferrari $955 billion
BMW (combined)
Honda
Daimler
Nissan
Volvo
Hyundai
Kia
Mazda
Subaru
Renault
Suzuki
Mitsubishi
Aston Martin
Volkswagen
Harley-Davidson
Cooper Smith retweeted
U.S. hotels are expected to lose $59 billion in revenue this year due to the lack of business travel. bloomberg.com/news/articles/…
Cooper Smith retweeted
Pretty incredible to see the deceleration and then outright drop in used car prices vs. just a few months ago bls.gov/news.release/cpi.nr0…
