Today’s digest focuses on private equity investments, how to determine your business’ value, and projected M&A activity for 2013. [Read more…]
Ever wondered what the term “dry powder” means and what impact it has on your privately owned business? Ever wondered what private equity’s real return on investment was? Well, wonder no more as these topics and more are covered in today’s M&A Weekly Digest. Click on the headlines to read the full articles. [Read more…]
This week’s M&A digest discusses current M&A activity in Canada, why investors love private equity funds, and how active offshore buyers are in North America’s [Read more…]. Click the jump for more.
In the past few weeks, some of the largest pension funds in the U.S. have reported exceptional returns for the past fiscal year. And this is good news for members of the pension funds because after several years of dismal performance, a good year is welcome news indeed.
According to press reports, California’s two giant pensions had tremendous years with post-fiscal-year returns that each topped 20 percent. The $154.3 billion California State Teachers’ Retirement System (CalSTRS), said its 23.1 percent return was “remarkable,” adding that it was its best performance in 25 years. Meanwhile, the $237.5 billion California Public Employees Retirement System (CalPERS) posted a 20.7 percent return, the best since 1997.
In addition, New York’s Common Retirement Fund (NYCRF) has grown to $146.5 billion, “its highest point since markets crashed in 2008,” state Comptroller Tom DiNapoli said. The fund, which provides benefits for more than a million state and municipal and retirees – generated a 14.6 percent rate of return for the 2010-11 fiscal year, which ended March 30. The fund grew about $6 billion since the end of 2010. [Read more…]
It’s not often that you associate men’s apparel with private equity investment dollars. What we typically see in the mainstream business media are discussions about equity firms making investments in “sexy” industries like software, green energy, or media. So when I read recently that a high-end men’s apparel firm had obtained funding from an equity firm, it caught my attention. What was really unique about this announcement though was the type of equity firm providing the capital. But let’s start at the beginning as they say.