Cooper Smith

[Cooper Smith @CooperASmith]

@startupecon Thank you for sponsoring this important research. It would be interesting to also examine gender representation in PE operations (operating partners or portco leadership) and compare that to investing roles and public co leadership

[Privitas @PrivitasCo]

.@GTCRLLC has paid $2.7 billion for @AssetMark, an online wealth management platform. Such assets have been hotspots for #PE #investment, but that's slowly changing as the industry contracts.

https://t.co/oo7x7ue86R

Plus: @tpg buys @Altimetrik, @26northpartners inks its first deal, and Birch Hill Equity Partners bets big on Canadian pharmacies.

[Privitas @PrivitasCo]

We're in good company on Full Time Offer's "12 Best Free Finance Newsletters" list! Subscribe with link in bio.

https://t.co/vTPJjOEtKK

"The newsletter from Value Add PE focuses on insights for private equity operating partners and sponsor-backed executives. Content includes private equity #news, research articles, case studies, sector trends, and career advice. Topics covered range from buyout news, #portfolio operations, and major private equity deals, to #AI use cases in private equity, and profiles of private equity-backed CEOs. This makes it a comprehensive resource for those involved in or interested in the private equity sector."
#Investment #Finance

[Privitas @PrivitasCo]

.@DB_Bahn launched a process to sell @DBSchenker, its logistics arm, in December 2023. Now, two bidders have emerged from the 20 that initially showed interest: @CVC_Capital and @DSV_global. Each has placed a binding bid of €14 billion ($15.6 billion) for the company whose profits keep dwindling.

Plus: #CyberSecurity companies make enticing #PE targets, Wynnchurch adds on Iconex’s label solutions to M2S, and the @NFL accepts eight PE firms into the fold.

https://t.co/hFn1g3gMV4

[Privitas @PrivitasCo]

#CyberSecurity companies have become popular targets for #PE due to their increasing importance to #IT departments across industries.

Approximately 18% to 28% of all IT budgets in the UK and US are now dedicated to improving technology resilience, according to B2B research firm @vansonbourne and @SRMInform.

Read more: https://t.co/AdMH6KCiA1

[Privitas @PrivitasCo]

Few companies consider deals below $5 million #EBITDA – and even fewer launch roll-ups with an asset that small. But The Riversie Company does just that, with an #international edge.

#PE #investment

https://t.co/XrgCG3xvcW

[Privitas @PrivitasCo]

.@OneCarlyle has bought Vantive, the kidney care unit of @baxter_intl for $3.8 billion. Atmas Health was added to Carlyle's #healthcare #operations platform in 2022 and will oversee the asset.

Plus: #PE broadens feeder firms for operating partner recruitment, @thomabravo exits $2.9B Trader Corp, and @GrantThornton, @EvolentHealth, and @RedwoodSoftware seek private #equity buyers.

Read our weekly briefing: https://t.co/GD36Pabn6y

#InvestmentStrategies #InvestmentOpportunities #investment

[Privitas @PrivitasCo]

Dedicated operating partners are scarce in the small- to mid-market. But counterintuitively, these firms’ operational successes have led them to outperform large buyouts. By @xisabelobrienx

https://t.co/3U0shHBalI

[Privitas @PrivitasCo]

Amid volatility, KKR remains steadfast in its Japan buyout strategy. By @xisabelobrienx

https://t.co/9tIjA3DYEA

[Privitas @PrivitasCo]

How the unwinding of the Yen carry trade affects private equity. by @CooperASmith

https://t.co/LBFdlrFB6N

[Privitas @PrivitasCo]

Apollo Global Management is rolling the dice again with a $6.3 billion bet on IGT and Everi Holdings. With past bets like PlayAGS and Caesar's Entertainment, Apollo's track record in gaming is mixed. 🎲 by @xisabelobrienx #PrivateEquity https://t.co/McBLN7WyyE

[Cooper Smith @CooperASmith]

@RuncieDan YouTube has 2.6 billion MAUs vs Spotify’s 456 million. Surprised they’re not already bigger for music revenue!

[Cooper Smith @CooperASmith]

Retailer margins are getting squeezed. Suppliers passed on higher prices but consumers are now more price sensitive

[Michelle Grant @MGTalksRetail]

1. The discount rate was an average of 21%, up from 19% during holiday 2021. Despite the discounts, average sales price was still higher by 5.5%

[Cooper Smith @CooperASmith]

@MikeIsaac Makes Google’s acquisition of DeepMind for $500M in 2014 look like a bargain and a prescient bet

[Cooper Smith @CooperASmith]

A lot of retailers have teased out big holiday earnings, but this is what we would expect during promotions in an inflationary environment and consumer price sensitivity. The real test is if consumers keep buying once the deals are over

[Chain Store Age @ChainStoreAge]

American Eagle says it had the second-best holiday season in its history.
https://t.co/XaqdxQsCBx
#retail #retailnews

[Cooper Smith @CooperASmith]

@fundstrat Bill Dudley has been saying market participants chose to ignore transitory inflation on the way up and should now ignore them on the way down. Do you agree?

[Cooper Smith @CooperASmith]

@saastrash @elonmusk @neontaster Maybe so. Would have to see what the long form tweets look like

[Cooper Smith @CooperASmith]

@Suhail Agreed. Also the lasting effect of how it’s improved your life. There are some things I don’t use very often but that provide significant utility in certain situations (eg an appliance or tool)

[Cooper Smith @CooperASmith]

@elonmusk @neontaster Would also be nice to enable footnotes to source original research

[Cooper Smith @CooperASmith]

@deantak @VentureBeat What tech/innovation did you expect to see a lot of this year that you didn’t?