PE M&A Professionals Expect Due Diligence to Speed Up in Next Five Years
Despite a decrease in global mergers and acquisitions (M&A) year to date, private equity (PE) professionals, especially in North America, are leaning into new tactics and technologies, including the use of artificial intelligence, to deliver investor returns. This is according to findings from the Invest in Insight: Private Equity Market Brief report from Datasite®, a leading cloud-based technology provider for the M&A industry, and PitchBook, a financial data and software company.
The report, which is based on market data and a survey of over 500 global PE professionals, shows that PE professionals are actively investing by using new tactics, such as providing credit lines, engaging in private investments in public equities (PIPEs) and contributing to special purpose acquisition companies (SPACs) to capitalize on opportunities to buy publicly listed companies. Additionally, the report highlights the potential for emerging
Question: When was ASTRO founded and what is its mission?
My cousin Michael and I founded ASTRO in 2014. Our mission is to champion equity among diverse populations by innovating health-promoting programs that improve the way people live, learn, work, and play.
Q: On Oct. 5, the Social Enterprise Greenhouse announced that it was providing ASTRO with a $25,000 loan. What will you use the money for?
Funds acquired through this loan will provide working capital for ASTRO to expand our operations and offer day care services to adult populations. We originally started out in adult services, but the community need that took precedence was providing a safe place for kids to be during the out-of-school time, and this is where we have focused the majority of our efforts over the years.
Now that many adults have been displaced from their day programs due to COVID-19 restrictions on numbers, there
In business, it takes money to make money. Yet for many Black and Latinx founders, access to capital is a barrier to entry into their respective industries. Another barrier is often access to venture capitalists who come from similar backgrounds as them, who understand them, and who believe in their ideas and businesses enough to invest in them.
According to research, only 1% of VC-backed companies have Black founders, and only 2% of firms have investment team members who identify as Black.
San Francisco based technologist, Hadiyah Mujhid, has been solving for that equity problem as the founder and CEO of HBCUvc. Prominently known for building pathways for underrepresented investors and founders, HBCUvc has led the charge on developing the next generation of venture capital leaders from Historically Black Colleges and Universities through their strategic programming and partnerships. With
In June of this year, as more of the world began to awaken to the many ways that people of color are systematically discriminated against amid months of protest, a wide number of companies announced initiatives aimed at improving the representation of underrepresented groups within their own ranks and as recipients of their investment dollars.
Unsurprisingly, Alphabet, among the world’s biggest and most profitable companies, was among them. Specifically, as part of Alphabet’s commitment, Jewel Burks Solomon — who is the head of the company’s nine-year-old program Google for Startups — agreed to help steer $5 million in cash rewards of up to $100,000 to select startups.
The company didn’t waste much time. Today, Solomon is announcing that the money has been committed to 76 different startups that were chosen for their geographic diversity as well as the diversity of their companies’ mission.
NEW YORK, Oct. 6, 2020 /PRNewswire/ — North Equity, a leading digital media venture equity firm, today announced that it has acquired a number of media brands from Bonnier Corporation. The acquisition includes Popular Science,Popular Photography, Saveur, Outdoor Life, Field & Stream, Better You and Interesting Things.
The additions complement North Equity’s robust home platform, where Saveur will join BobVila.com and Kitchenistic to form a new food category. They will also create a new specialty media vertical under Popular Science and Popular Photography, and expand North’s growing footprint in the military, tactical and outdoor verticals, where it recently added Task & Purpose, one of the leading digital media properties for active-duty military and veterans.
“Since inception, the North team has proved our ability to acquire, reimagine and profitably grow media brands,” said Andrew Perlman, North Equity Managing Partner. “We have
Uber has announced it has sold a $500 million stake in its Uber Freight logistics business to New York-based private equity firm Greenbriar Equity Group.
Uber will retain majority ownership of Uber Freight.
The investment values the logistics arm of the company at $3.3 billion on a post-money basis.
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(Reuters) – Uber Technologies Inc said on Friday New York-based private equity firm Greenbriar Equity Group would invest $500 million in its logistics arm, Uber Freight, valuing the unit at $3.3 billion on a post-money basis.
The ride-hailing firm said it would maintain majority ownership of Uber Freight, and use the funds to scale its logistics platform and increase product innovation.
Unlike Uber’s ride-hailing app or its food-delivery service, Uber Freight operates as a middle man in the fragmented long-haul trucking business, connecting truckers with shippers.
Michael Weiss and Jill Raker, managing partners of
BEIJING, Sept. 30, 2020 /PRNewswire/ — AirNet Technology Inc., formerly known as AirMedia Group Inc. (“AirNet” or the “Company”) (Nasdaq: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced that it has entered into an equity purchase framework agreement (the “Agreement”) with BitGeek Information Technology Co., Ltd. (“BitGeek”) and BitGeek’s shareholders, independent third parties of the Company, to purchase 100% of the equity interests in BitGeek with an issuance of ordinary shares of the Company to BitGeek’s shareholders. Details pertaining to the purchase will be further discussed and stipulated in a binding agreement among the parties after completion of the valuation of BitGeek.
Mr. Herman Guo, the Chairman and CEO of the Company, commented “The acquisition of the equity interest in BitGeek will align the Company with the swift advancements of the blockchain technology as well as equipment specifically designed
If you own a company or work in the banking sector, you may be hearing the term “SPAC” 10 times a day now. It seems to be an increasingly common belief that SPACs are becoming the new go-to alternative to private equity fundraising. I traded SPACs in the late ’90s until 2010, and then when I ran a global equity business, we worked with them before the banks came into the craze. And today, I am one of many founders who is keeping a thumb on the pulse of how the SPAC space affects business outcomes.
In summary, a special purpose acquisition company (SPAC) is “formed to raise money through an initial public offering to buy another company. At the time of their IPOs, SPACs have no existing business operations or even stated targets for acquisition. Investors in SPACs can range
This was written by Bloomberg Intelligence equity strategists Gaurav Patankar and Gina Martin Adams. It first appeared on the Bloomberg Terminal.
Our five highest-conviction emerging-market equity themes remain digital consumption, dominant exporters, wellness, fintech in addition to an infrastructure and industrial renaissance.
1. Top emerging-market proxies for digitization
Given the population pyramid (age and gender distribution), mobile and broadband penetration, underdeveloped infrastructure in some emerging markets and organic development of the tech ecosystem, digital consumption may dictate which nations’ consumer sector outperforms. Companies such as Alibaba, Tencent, JD, Pinduoduo and Baidu are fueling consumption and China’s emerging-market leadership. Yandex is prominent in Russia, and MercadoLibre in Latin America.
Reliance paved the path for home-grown conglomerates to build digital platforms. We identify many such digital leaders across emerging markets, besides infrastructure and logistics companies supporting such digital consumptions, as key beneficiaries of this theme. The equity basket in the exhibit is