Private equity

December 2025  |  SPECIAL REPORT: PRIVATE EQUITY

Financier Worldwide Magazine

December 2025 Issue

Q&A: Accelerating value in PE carve-outs: strategy and execution

An adequate carve-out is one where there are no surprises and separation risks do not derail growth. A successful carve-out goes further – it accelerates into the growth plan from day one. FW discusses strategy and execution for accelerating value in private equity carve-outs with Phil Dunne and Peter Rodrigues-Renon at Stax, a Grant Thornton company, and Gerard Nichol at Grant Thornton.

Private equity’s new liquidity playbook: creativity now rivals capital

Foley & Lardner LLP As the initial public offering window remained largely closed and with M&A activity tepid over the past several years, fund managers have increasingly turned to secondary transactions and distributions to paid-in capital-driven structures to return cash faster.

Achieving private equity exits in today’s market

A&O Shearman For firms looking to sell, setting an asset up for a successful exit requires a pragmatic playbook. Sellers should focus on exit preparedness to support a disciplined process, valuation gaps and tools to address them, and maintaining a flexible mindset, particularly when it comes to navigating larger exits.

Document management best practices for private equity sponsors in the evolving HSR landscape

Squire Patton Boggs Adapting to the new Hart-Scott-Rodino rules is not just a matter of compliance and risk management for PE sponsors, it is a critical component of successful deal execution. This means taking a proactive and disciplined approach to how documents are drafted, retained and shared before considerations for a potential transaction begin.

Driving value in Italian PE portfolio companies

Legance Italian portfolio companies have shown over time strong potential but often face inefficiencies in processes and strategic direction, which impair their ability to fully capitalise on global opportunities. With lower reliance on financial engineering to build value over time, except in distressed scenarios, the focus has increasingly moved toward operational improvement and innovation.

Analysis of Spain’s private equity market

Cuatrecasas The past 12 months have tested the resilience and adaptability of the private equity industry in Spain and across Europe. While deal activity has moderated and fundraising has become more selective, the sector remains well-capitalised and poised for future growth.

CONTRIBUTORS

A&O Shearman

Cuatrecasas

Foley & Lardner LLP

Grant Thornton

Legance

Squire Patton Boggs

Stax

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