September 2022 Issue
Q&A: Private equity investment and emerging technologies
PE firms should continue to be aggressive in creatively structuring and financing emerging technology deals. Companies offering technologies that address labour shortage and cost inflation problems may be attractive to PE firms. FW discusses private equity investment and emerging technologies with Erich Bergen, Dave DuVarney and Brian Francese at Baker Tilly US, LLP.
Private equity-led M&A trends – from boom to?
CMS The ongoing stress on markets is visible through deal dynamics in 2022 to date: transactions are still happening, but the pace is significantly slower than in 2021 and unsurprisingly valuations are the main point of attrition and delay.
The impact of public market dislocations on private markets
Adams Street Partners Investors who have worked through numerous market cycles are less likely to be paralysed by emotion and fear when they see large declines in liquid markets. They are likely to remain calm, dust off their dislocation playbooks from 2001 and 2008, and begin proactively targeting great deal opportunities.
Growth equity minority investments
Davis Polk & Wardwell London LLP Growth equity investment, where PE funds invest in established businesses with significant growth prospects predominantly through minority stakes, has grown significantly in the last 10 years.
Private equity in the antitrust crosshairs
Proskauer Rose LLP No longer in the antitrust shadows, PE is being called upon to make its case for the benefits it brings to transactions and companies. In most cases, it should not be hard to do.
Navigating conflicts of interest in the GP-led secondary market
Travers Smith Single asset GP-led deals are not easy to do, and investors and regulators rightly expect an open and fair process.
Trends in infrastructure shareholders’ arrangements
Simpson Thacher & Bartlett LLP Many of the market trends in infrastructure shareholders’ arrangements have arisen due to infrastructure investors in earlier vintage deals experiencing difficulties when wishing to sell their stakes.
Developing trends in private equity financing
Wachtell, Lipton, Rosen & Katz Two important trends in private equity financing have gained steam: first, the continued rise of ‘direct lenders’, and second, the increasing frequency of partnerships between creative borrowers and creditors to raise capital and reduce liabilities.
Q&A: Prioritising ESG in private equity
Since PE firms are in the business of value creation, ESG is a natural fit. Companies that integrate ESG into their business models will drive competitive advantage, efficiency and sustainable growth. FW discusses prioritising ESG in private equity with Karen Baum at BDO.
CONTRIBUTORS
Adams Street Partners
Baker Tilly US, LLP
BDO
CMS
Davis Polk & Wardwell London LLP
Proskauer Rose LLP
Simpson Thacher & Bartlett LLP
Travers Smith
Wachtell, Lipton, Rosen & Katz