BC Partners
Sport investment: Into the value chain
Investors are increasingly drawn to the structural nuances, sticky customer bases, and long tail of ancillary opportunities that exist around professional sports. Asia’s role is small but growing
Investors emphasize GP-LP alignment - AVCJ Forum
Eroding the alignment of interest between GP and LP – by tweaking the partnership structure, a manager overstretching to pursue multiple strategies, or conflicts emerging over secondaries – could harm returns at a time when valuations are already...
COVID-19 credit strategies must be flexible – AVCJ Forum
COVID-19 has emphasized the need for patience and mandate flexibility in private credit, industry participants told the AVCJ Forum.
ION to buy majority stake in Acuris
Financial software and data platform developer ION Investment Group has agreed to acquire a majority stake in Acuris, the parent company of AVCJ, for an undisclosed amount. The deal will provide a full exit for Singapore’s GIC Private, while current...
Weathering cycles requires focus on fundamentals – AVCJ Forum
Private equity firms looking to maintain momentum across macro cycles must focus more on asset selection and value creation, industry participants told the AVCJ Forum.
GP-led secondaries: Stigmatized no more
Traditionally perceived as a recourse for private equity firms in trouble, GP-led secondary transactions are starting to be used by brand-name managers as a liquidity solution for LPs
Singapore's GIC buys 30% stake in Mergermarket
Singapore’s GIC Private has acquired an approximately 30% stake in Mergermarket Group – AVCJ’s parent company – from BC Partners. The size of the transaction was not disclosed.
GP-LP: Rules of engagement
Large LPs want to reduce the number of PE managers in their portfolios and generate more value from the outperformers that remain. The GP-LP relationship is becoming closer and more complicated
KIC invests $100m in US pet supplies firm
South Korea's sovereign wealth fund KIC has invested $100 million in US-based pet supplies and services retail chain PetSmart as part of a takeover led by US private equity firm BC Partners.
Fosun bids for Greek gambling monopoly OPAP
Fosun has expressed interest in buying a 33% stake in Greek gambling monopoly Hellenic Football Prognostics Organization (OPAP), the country's privatization agency Hellenic Republic Asset Development Fund (HRADF) said on Saturday.
Asia, Middle East LPs put up 30% of BC Partners’ buyout fund
Asian and Middle East investors contributed 30% of the capital for BC Partners’ latest European fund, which has closed at EUR6.5 billion ($8.6 billion) after 18 months in the market. LPs from these regions only accounted for 10% of the private equity...
BC Partners replaces Fitness First management team
BC Partners has axed the core management team of Fitness First in a bid to prevent its portfolio company sinking under the weight of its high-interest loans.
EQT, TPG funds reflect Asia’s PE power
Asia's growing significance in the private equity world was further confirmed in two separate fundraising events last week. First in Europe, where EQT Partners announced that Asia Pacific LPs were responsible for nearly one quarter of total commitments...
Asia Pacific LPs put up nearly 25% of EQT’s $6.5b fund
EQT Partners has raised EUR4.75 billion ($6.5 billion) for its sixth European buyout fund, with Asia Pacific LPs accounting for 23% of commitments, up from just 5% in the firm’s previous vehicle. According to people familiar with the situation, Chinese...
BC Partners not ruling out an IPO for Fitness First
UK-based BC Partners still plans to list gym chain Fitness First in Asia if a buyer is not found, according to sources familiar with the situation. This comes one week after the private equity investor called off Fitness First’s planned IPO in Singapore...
Citic Securities disappoints on Hong Kong trading debut
Citic Securities, which raised $1.7 billion through an IPO backed by investors including Temasek Holdings and Kuwait Investment Authority (KIA), performed poorly on its Hong Kong market debut Thursday, dropping 10.5% before closing unchanged.
Global private equity fundraising down 46% in 3Q
Global fundraising by private equity vehicles closing in the third quarter was down 46% on the previous quarter, according to Preqin. A total of 97 buyout funds raised $44.8 billion in the three months ended in September compared to $82.8 billion raised...
BC Partners scraps listing plan for Fitness First, seeks buyers
European private equity investor BC Partners has canceled its planned GBP$1 billion ($1.6 billion) listing of global gym chain Fitness First on the Singapore Stock Exchange, and is now seeking buyers for the asset.
US court widens collusion probe of 2005-2007 mega deals
The mega “club deals” between some of the big global buyout firms during the 2005-2007 boom period have been put under wider scrutiny in a US antitrust lawsuit. The four-year-old case accuses 11 firms, including Blackstone Group and KKR, of colluding...
PE-owned Fitness First approved for Singapore listing
Singaporean regulators have reportedly granted UK-based BC Partners approval to launch its portfolio company Fitness First on the Singapore Stock Exchange. It comes more than a year after the private equity firm announced that it would take Fitness First...