 |
 |
|
|
| << 1 2 3 4 5 >> |
|
Offshore drillers face swelling M&A interest 
Reuters 4/1/2010
by Braden Reddall and Michael Erman
The weakened and fragmented offshore oil and natural gas industry could soon be targeted by cash-rich private equity firms and strategic buyers, as bankers and investors are increasingly scanning the M&A horizon for offshore drilling rigs as that industry steadily pulls out of a slump. A recent Bain & Company survey of private equity firms, who are sitting on an estimated $1 trillion in undeployed capital, found that half of them would be interested in investing in energy. Jorge Leis, the head of Bain's oil and gas practice and a former research engineer at Royal Dutch Shell Plc's , Shell Oil, said contract drilling looks quite fragmented and thus an ideal place to burn some of the $1 trillion in private equity "dry powder."
Go to Reuters
Private equity's problems fade from red to gray
The Wall Street Journal 3/31/2010
by Liam Denning
The Private Equity Council claimed Wednesday that definitions of default have widened, leading to inflated estimates of default rates among private-equity backed companies. Contributing to this critical issue is the consideration as to whether distressed exchanges where borrowers buy back debt at a discount or swap it for equity are tantamount to default. According to Bain & Company, following the buyout boom in 2009, some $850 billion of speculative grade debt remains to be refinanced by 2014, including that held by private equity-backed companies.
Go to The Wall Street Journal
Hugh H. MacArthur | Liquidity challenge for PE in India
LiveMint.com 3/31/2010
by Shraddha Nair and Satish John
Bain & Company Private Equity Partner Hugh H. MacArthur claims that the private equity industry is currently witnessing a global uptick in PE deal activity that could help remedy the market slowdown from the past 18 months. However, MacArthur cites many PE challenges, such a lack of fund-raising opportunities and liquidity options, that the PE industry must overcome in order to reach 2007 levels in the near future.
Go to LiveMint.com
Premium car deal fills a hole at Geely
The Financial Times 3/28/2010
by Patti Waldmeir
It has yet to be seen whether the recent Geely-Volvo, a convergence of a small car auto manufacturer and a premium car brand, deal will go down in automotive history as just another mergers and acquisitions lemon or an M&A success. According to criteria outlined by Bain & Company, the management consultancy, in a study of why M&A deals succeed or fail, Geely has slim prospects of successfully selling cars in Chinese auto markets with the tarnished American automotive branding with which Volvo is associated.
Go to The Financial Times (subscription required)
Religare Macquarie CEO eyes India's rich
The Wall Street Journal 3/28/2010
by Duncan Mavin
The ranks of India's high net-worth individuals (HNI) are growing an unprecedented rate of about 11% a year for the past decade, according to Bain & Company. Despite the overt benefits of increasing wealth, India's wealth managers are struggling to manage the portfolios of a growing number of HNI individuals. Religare Macquarie Private Wealth Chief Executive Officer Vikas Agnihotri is experiencing the struggle firsthand, as his firm scrambles to find the talent to help manage India's wealth.
Go to The Wall Street Journal
|
|
| << 1 2 3 4 5 >> |
|
|
|
