Back to School!

Here’s the first of our special edition “IPEM Paris” weekly spins, which we will be running for the month of September. As you can see in the photo, the IPEM team is super excited to be back in class to start a new term! We’ve all had the opportunity to recharge the batteries over the summer. We hope you have too and can’t wait to meet you all at IPEM Paris on the 18th of September. We wanted to put a face to the IPEM team, and as you can see, we are all far too cool for school 😲). As the private markets industry knuckles down in preparation for what should be a busy term, don’t forget to finalize your itinerary and secure your delegate’s pass for IPEM, where approximately 700 GPs and 19 out of the top 20 global fundraisers will be attending. Also, don’t forget to finish your presentation/pitch homework and finalize all of your GP/LP meetings using your IPEM Account to guarantee top marks at IPEM Paris!

GIF - Delicious

$9.5 billion sandwich

It looks like Subway’s owners will just miss out on their hoped for $10 billion valuation with news that Roark Capital have agreed to buy the well-known sandwich chain in a deal worth up to $9.55 billion. The private equity firm will pay a lower calorie figure of $8.95 billion if certain financial milestones in the agreed earn-out are not achieved over a two-year (or more) period post-close. Subway becomes the latest addition to Roark’s menu of acquisitions, which includes Dunkin’ Donuts and sandwich chain competitor Jimmy John’s. It may not be quite the finger-licking figure the DeLuca and Buck families were hoping for but at least they won’t need to catch the subway to the bank!

inspired by Reuters