Private equity

Ignore the incredulity, instead consider the maths which give room for negotiation.

In remembrance of deals past

Europe’s biggest investor into venture capital has released vintage and geographic performance data

Carillion’s full-year trading statement was always going to be the news this morning, whether it happened or not, writes Matthew Vincent. And those betting on further falls in the stricken construction group’s shares probably had money on “not”. In fact, as of last night, Carillion’s own financial calendar still said: “There is no event/s available for current selection” and the company had not confirmed to news websites that any announcement would be forthcoming today.

What’s a 10.7 ev/ebitda multiple among friends?

Maybe just add a Pepsi into the rotation? Doesn’t need to be diet or anything.

There’s a “fairly definitive” value, but the numbers underpinning it are “not necessarily the right figures”…

“You are either highly manipulative and you know what you are saying, or you are a dumb ass chick, and you do not know what you’re saying.”

New research shows that companies respond to the possibility of being excluded from an index of the “best” businesses by boosting margins.

Some fun with the Fed’s Enhanced Financial Accounts data.

Notion Capital lost its license in January after failing to submit paperwork to the regulator.

Some of the startups that may end up in Son’s $100bn Vision Fund don’t seem to match its grandiose aims.

$500m of sales turns out to be different than $1bn in sales…

A look at the performance of the largest single backer of European venture capital.

The European Investment Fund is going cold on UK venture capital.

Brewdog, the independent Scottish brewery, has raised £100m from TSG Consumer Partners, the American private equity firm. In a message to shareholders on Saturday, the beer maker said TSG had acquired 22 per cent of the company. Brewdog said the transaction had given it a £1bn enterprise value.

Lots of money chashing expensive assets generally doesn’t end well.

“Once you have eliminated the impossible, whatever remains, no matter how difficult, must be the solution.” – Sherlock Holmes, as quoted by India’s chief economic advisor.

It seems the P2P dream is over, at least for the company that pioneered it.