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KKR鲸吞Arctos:420亿豪赌体育资产 私募巨头开启“捕猎”新时代
Xin Lang Cai Jing· 2025-12-16 10:05
Core Viewpoint - KKR is in advanced negotiations to acquire a majority stake in Arctos Partners, with a transaction valuation estimated between $5.5 billion and $6.5 billion [1][2][10] Group 1: Transaction Structure - The negotiations began in September 2025 and are seen as a typical case of "large PE swallowing small PE" [2][11] - The estimated enterprise value is based on Arctos' projected EBITDA of approximately $480 million to $520 million for 2024, calculated at a multiple of 12 times [2][11] - KKR seeks a majority stake rather than a full acquisition, with a structure involving 70% old shares and 30% co-investment [2][11] - The acquisition will occur in two steps: first, KKR's North America XIII fund will buy 70-75% of old shares from Arctos' founders and early employees; second, a new "continuing investment vehicle" will be established with Canadian pension fund CPPIB and Singapore's GIC for the remaining shares [2][11] Group 2: Valuation Core - Arctos has a unique "pure sports" investment strategy, growing to a benchmark institution in the sports investment field within six years [3][13] - As of Q3 2025, Arctos manages $14.3 billion, with approximately $11 billion in minority stakes in sports and $3 billion in secondary fund portfolios [3][13] - The flagship fund, Arctos Sports Partners II, has a net internal rate of return of 23.4% and a total value multiple (TVPI) of 1.73, outperforming traditional buyout funds by about 700 basis points [4][14] Group 3: Strategic Synergy - Private equity investment in sports is on the rise, with sports service transaction volumes reaching $6 billion in the first three quarters of 2025, the highest in at least eight years [5][15] - KKR's interest in Arctos indicates a strategic move to leverage its cash reserves to enter the growing sports investment sector [5][15] - The acquisition aims to attract high-net-worth individuals and ordinary retirement savers, promoting KKR's asset management growth through appealing sports investment products [5][15] Group 4: Post-Transaction Management - After the transaction, Arctos' founding team will remain, and the existing management will serve as general partners alongside KKR, although the investment committee's seat ratio will change from 5:2 to 2:5, granting KKR veto power [6][16] Group 5: Industry Trends - The trend of private equity entering the sports sector is evident, with major firms like Apollo Global Management and Ares Management increasing their investments [7][17] - New emerging companies like Apex are also entering the market, focusing on mid-sized sports assets valued between €50 million and €500 million [7][17] - As more capital flows into the sports sector, asset valuations may rise further, putting pressure on investment returns [8][18]
重庆长渝信和私募股权投资基金合伙企业成立,出资额10.02亿
Xin Lang Cai Jing· 2025-12-16 07:52
天眼查App显示,近日,重庆长渝信和私募股权投资基金合伙企业(有限合伙)成立,执行事务合伙人 为安和(重庆)私募股权投资基金管理有限公司、重庆渝富资本私募股权投资基金管理有限公司,出资 额10.02亿人民币,经营范围为以私募基金从事股权投资。合伙人信息显示,该基金由重庆战略性新兴 产业股权投资基金合伙企业(有限合伙)、建信信托有限责任公司、长安汽车等共同出资。 ...
建信信托、长安汽车等成立私募基金
合伙人信息 5 秒 ● 器 股权结构 南方财经12月16日电,天眼查App显示,近日,重庆长渝信和私募股权投资基金合伙企业(有限合伙)成立,执行事务合伙人为安和(重庆)私募股权投资 基金管理有限公司、重庆渝富资本私募股权投资基金管理有限公司,出资额10.02亿人民币,经营范围为以私募基金从事股权投资。合伙人信息显示,该基 金由重庆战略性新兴产业股权投资基金合伙企业(有限合伙)、建信信托有限责任公司、长安汽车(000625)等共同出资。 | | 查公司 查老板 都在用的商业查询工具 | 查关系 管风险 | | | | | --- | --- | --- | --- | --- | --- | | | 重庆长渝信和私募股权投资基金合伙企业(有限合伙) 8 国家中小企业发展子基金旗下机构 | | 天眼一下 | 品应用、 | 商务合作 企业级产 | | 基本信息 5 | 法律诉讼 经营风险 | | 经营信息 | 公司发展 | 知识产权 | | 工商信息 ● | | | | | | | 历史工商信息0 工商信息 | | | | | | | 企业名称 | 重庆长渝信和私募股权投资基金合伙企业(有限合伙) 安和(重庆) 私 ...
Lexington Partners Expands Global Presence with Opening of Abu Dhabi Office
Prnewswire· 2025-12-16 05:01
Core Insights - Lexington Partners has opened a new office in Abu Dhabi, expanding its global presence to nine offices across four continents [1][2] - The Abu Dhabi office reflects Lexington's commitment to the Middle East, where it has maintained investor relationships for over 25 years [2][4] - Doug Bourne has been appointed to lead the new office, bringing 15 years of experience in the region [3][4] Company Expansion - The establishment of the Abu Dhabi office aims to enhance Lexington's ability to serve institutional investors and partners in the region [2] - The firm plans to provide liquidity solutions to institutional allocators in private investments within the Middle East [2][4] - Thomas Dunn has relocated from London to support the expansion and build local investment capabilities [3] Leadership and Strategy - Doug Bourne's leadership is expected to leverage his existing relationships to strengthen Lexington's market position [4] - The opening of the Abu Dhabi office is seen as a natural extension of Lexington's global platform and long-term relationships in the Middle East [4] - Lexington Partners has over $82 billion in total capitalization and specializes in secondary private equity and co-investment funds [5]
Cambridge Acquisition(CAQU) - Prospectus
2025-12-15 21:57
Table of Contents As filed with the Securities and Exchange Commission on December 15, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Cambridge Acquisition Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Cayman Islands 6770 98-1881241 (I.R.S. Employer Identific ...
Hark Capital provides $57.5 million NAV facility to Insignia Capital Group
Globenewswire· 2025-12-15 16:13
Group 1 - Hark Capital closed a $57.5 million NAV facility to support Insignia Capital Group's investment activities, focusing on North American companies in business services and consumer products [1][2] - The funds will be utilized for a new platform investment and to bridge Insignia's third flagship fund [1] - Insignia Capital Group aims to leverage this flexible capital to pursue growth opportunities and enhance its market position [2] Group 2 - Hark Capital has established itself as a leader in NAV lending, providing innovative fund finance solutions to middle-market private equity sponsors [2][3] - Since its inception in 2013, Hark Capital has deployed over $2.0 billion across more than 60 sponsors in North America and Europe [4] - P10, the parent company of Hark Capital, manages over $40 billion in assets and focuses on private equity, private credit, and venture capital in the middle and lower-middle market [4] Group 3 - Insignia Capital Group is a growth-oriented private equity firm that collaborates with company founders to drive growth in the consumer and business services sectors [5]
X @Bloomberg
Bloomberg· 2025-12-15 05:04
He's made billions from a niche corner of the private equity world. Now Jeremy Coller is preparing to loosen his grip over Coller Capital. https://t.co/pOiod8oWup ...
At this small buyout firm, talking about AI for cost-cutting is off-limits
Yahoo Finance· 2025-12-14 20:28
Core Insights - Tide Rock focuses on using AI to grow businesses rather than cutting costs, which is a departure from the common narrative in the industry regarding AI's role in efficiency [2][6] - The firm has a unique investment strategy that involves acquiring founder-run businesses during pivotal moments in their owners' lives, emphasizing growth over financial engineering [5][3] - Since its inception 13 years ago, Tide Rock has achieved an organic revenue growth rate of 24% per year across its portfolio [7] Company Strategy - The mandate at Tide Rock prohibits discussions about using AI or technology for cost-cutting, instead prioritizing business growth [2][6] - The firm has been employing AI engineers for two years, focusing on enhancing business operations rather than reducing expenses [2] - Tide Rock does not utilize debt for acquisitions and manages a total of $1 billion, including current investments and available capital [3] Investment Approach - Tide Rock targets founder-run businesses that are at a critical juncture, such as impending retirement or personal challenges, which leads to a more protective attitude from sellers [5] - The company hires experienced executives, such as chief marketing officers and chief revenue officers, to drive growth in acquired businesses, contrasting with traditional private equity practices [5] - The firm has completed over 50 acquisitions, with a clear focus on growth rather than merely financial restructuring [3]
X @Bloomberg
Bloomberg· 2025-12-14 18:35
US private equity firm SK Capital Partners is nearing a deal to acquire Swiss drug distribution company Swixx Biopharma, according to people familiar with the matter. https://t.co/WM4eWmvn11 ...
量化私募业绩大爆发 多个产品收益超60%
Core Insights - The private equity industry is expected to reach a total scale of over 22 trillion yuan by 2025, marking a significant milestone for the sector [1] - Several private equity firms have reported that their representative products have achieved annual performance exceeding 50% [1] - Quantitative private equity has shown even more impressive results, with some firms' products achieving performance over 60% due to the popularity of small and mid-cap index growth strategies [1] Industry Overview - The private equity industry is projected to experience a peak moment in 2025, with a total scale surpassing 22 trillion yuan [1] - A number of private equity firms, including Yuanlesheng, Xinsizhe, Fusheng, Tongben, and Tongyuan, have seen their products achieve annual performance exceeding 50% [1] - Quantitative private equity firms such as Mingxiang, Shiji Qianyan, Mengxi, and Longqi have reported that their 1000 and 2000 index growth products have achieved performance exceeding 60% [1]