Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only IDD can deliver.
  • Investment Dealers' Digest one-month trial subscription
  • IDDMagazine.com one-month trial subscription
  • Free e-newsletters
  • Free whitepapers

Private Equity Briefcase

By Kelly Holman, IDD Magazine

August 6, 2009

A Glint In The PE Cloud?

The private equity business is still in the throes of a "perfect storm" given portfolio company troubles and exit challenges, according to the latest industry assessment by the Boston Consulting Group and IESE Business School.

It's a conclusion that's not surprising considering that the two organizations predicted 20% to 40% of the largest buyout shops could eventually go out of business in a report earlier this year. Yet, even though the private investment business is still dealing with restrained debt capital markets, there's reason to be hopeful.

The IPO market, it would appear, is starting to wake from its slumber. Avago Technologies Ltd., a semiconductor holding of buyout shops Kohlberg Kravis Roberts and Silver Lake, went public this week. Its shares popped 10% in their post-trading debut on Thursday.

It's one small development for an industry still facing some pretty hefty hurdles, but one that I believe is an auspicious sign for the private equity business.

Recent Posts

PE's Forecast

If the clouds would just go away for more than a day, perhaps the summer will arrive in time to give dealmakers a break from the M&A industry’s perfect storm.

A Day For The Ages

A Dow Jones Industrial Average with no Citi and no GM? No surprise, but somehow it still hurts.

Starting Small May Lead To Something Big

Despite the ever-mushrooming number of independent M&A advisory boutiques, it doesn’t take a genius to realize that the middle-market dealmaking landscape has changed.

It's A Joke, Right?

How can the consortium offer for GM's Saturn Distribution Corp., announced by a mysterious private equity firm named Black Oak Partners, be taken seriously?

Index of Posts

0 Comments

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Money Management Executive, please use the form below to login. When completed you will immeditely be directed to post a comment.

Forgot your password?

Not Registered?

You must be registered to post a comment. Click here to register.

Kelly Holman

Kelly Holman is the assistant managing editor at Investment Dealers' Digest, where he writes about private equity and leveraged finance. Prior to joining IDD, he reported on leveraged buyout transactions, private equity fundraising activity, corporate auctions, the middle market and credit markets as a senior writer for The Deal. Before joining The Deal in 2000, Holman was a reporter for PRWeek magazine, where he reported on financial services PR and investor relation activities, as well as international PR developments. He also assisted with Haymarket Media Group's US launch of the public relations trade magazine. Previous to PRWeek, Holman wrote about private equity for Private Equity Week and Buyouts and served as a contributor to IDD in the late 1990's. A Colorado transplant, Holman has called New York home for more than a decade. He received his B.A. in Mass Communications from the University of Colorado at Denver..

Related Items