Meme - It may look like a crack. But it’s just an illusion

Crack Spread

News, WEEKLY SPIN

With falling stock prices, fund losses and a difficult fundraising environment, some of the private equity industry’s biggest players are starting to see cracks emerge Blackstone and The Carlyle Group have seen their share prices fall by 20% and 14% over the past 12 months. Blackstone’s real estate fund has attracted significant redemptions from investors as fears rise over the state of the US commercial real estate market. Apollo too is believed to be struggling to raise capital for its 10th fund as investors weigh up the future prospects for PE returns. Maybe the cracks will turn out to be temporary, or just a façade; like One River North, a new building under construction in Denver which will feature a green space running through its middle like a huge earthquake-induced crack.

inspired by Fox Business

Meme - Man United sure know how to attract a crowd

Carl-EYE on Manchester United

News, WEEKLY SPIN

Geographically it is only a short distance from Carlisle in the North of England to Manchester. But the road ahead could be a long one as one of the world’s leading PE houses – The Carlyle Group – enters the competitive fray to buy a stake in Manchester United.It is understood that the US powerhouse has submitted an offer for a minority investment. Elliott Management and Ares Management are also thought to be interested, as well as Sixth Street. The UK’s richest man, Sir Jim Ratcliffe, owner of INEOS chemicals group, is hoping to take outright ownership of the club, as is the chairman of Qatar Islamic Bank, Sheikh Jassim. The Red Devils, as they are known, are one of the richest clubs, with a purchase price in excess of $5 billion. Now that The Carlyle Group has expressed a minority interest, the excitement is starting to build. Who will be the ultimate winner? Watch this space.

inspired by The Telegraph

Meme - News comes through on the latest PE healthcare deal

Alive and Kicking

News, WEEKLY SPIN

Private equity committed USD90 billion to global healthcare deals in 2022 according to Bain & Company’s 12th annual report on M&A activity.This significant capital injection – the second highest on record – shows that despite rising rates and market volatility last year, the global healthcare space is very much alive and kicking; and a further reminder of its recession-proof attributes. Rising labour costs and tighter credit conditions will require investors to perform a careful diagnosis this year, and consider creative approaches to deal making. Still, the long-term M&A outlook is likely to remain in rude health, especially in biopharma and life sciences.

inspired by PR Newswire

Humans driving climate change

Global cooling

News, WEEKLY SPIN

Much is spoken about global warming but right now Climate Tech is facing an unwelcome spell of ‘global cooling’ as deal values decline.Although far from becoming an Ice Age, the level of funding for Climate Tech has reached a three-year low, with quarterly deal value down 50% from its high point in Q3 2021. According to Pitchbook, start-up firms attracted $5.7 billion in new capital in the first quarter of this year. VC managers will be praying to the rain gods that the current environment doesn’t turn in to a prolonged drought.

inspired by Pitchbook