All articles tagged with #leveraged buyout
Silver Lake is set to complete the largest leveraged buyout in history by acquiring Electronic Arts for $55 billion, leveraging its strong ties with Middle Eastern sovereign funds and tech industry connections, marking a significant milestone in private equity and tech investments.
Electronic Arts is set to be taken private in a $55 billion deal led by Saudi Arabia's Public Investment Fund, Silver Lake Partners, and Affinity Partners, marking the largest leveraged buyout ever, with broader implications for global influence and economic diversification in Saudi Arabia.
A group of investors, including Saudi Arabia's PIF, Silver Lake, and Affinity Partners, are in advanced talks to acquire EA in a $50 billion leveraged buyout, potentially the largest ever, with an announcement possible next week, causing EA's shares to surge.
DocuSign, the e-signature company that experienced significant growth during the pandemic, is reportedly considering a sale valued at over $11 billion. Private-equity firms and technology companies are among the potential suitors. DocuSign's stock surged over 11% following the news, but the company has struggled to maintain its earlier growth rates as offices resume in-person activity.
E-signature company DocuSign is considering a sale, potentially becoming one of the largest leveraged buyouts in recent history. While discussions are still in the early stages, private-equity firms and technology companies may show interest in acquiring DocuSign.
Macy's Inc. has received a $5.8 billion buyout bid from Arkhouse Management and Brigade Capital Management, highlighting the challenges faced by private equity in the retail sector. Many retailers that were taken private in recent years have seen their debt fall to distressed levels, with unsustainable leverage. While investors see Macy's real estate assets as attractive, the high-yield and leveraged loan markets remain cautious about retail leveraged buyouts. Macy's bonds rallied initially but later reversed some gains, indicating investor skepticism about the deal's completion. The retail sector has seen a boom in LBO debt issuance, but several companies, including Michael Cos., At Home Group Inc., and Staples Inc., now have triple-C ratings and trade below 80 cents on the dollar.
Sam Zell, the real estate tycoon who acquired The Chicago Tribune, The Los Angeles Times, and other newspapers in a widely criticized leveraged buyout of the parent Tribune Company in 2007, died on Thursday at the age of 81. His venture into the publishing world proved to be a resounding failure, a five-year descent into a maelstrom of rancor, downsizing, management scandals, and bankruptcy.
Credit groups are taking the limelight from leveraged buyout supremos in the private equity industry as they are increasingly being relied upon to provide financing for deals. This shift is due to the growing popularity of direct lending and the fact that credit groups can offer more flexible financing terms than traditional banks.