From Breakingviews - Deal whiz Byron Trott suffers minor grill burns
Trott’s then-fledgling BDT Capital Partners first bought control of Weber in 2010, and in August 2021 it became the firm’s first initial public offering, at $14 a share, for one of its majority investments. Weber capitalized on the pandemic-fueled outdoor living trend, but supply-chain and inflation woes took their toll and sent the stock price tumbling toward $5 a couple months ago.
BDT, which focuses on family-owned businesses, did not sell down its roughly 60% stake at the time of the IPO, or subsequently. Outside investors may nevertheless recall Trott buying low – 43% below the IPO price, valuing Weber at $3.7 billion – the next time the firm brings a portfolio company to market, and wonder if they’ll get burned. Tech firm says “you’re welcome” with $8 bln LBO
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
WATCH: Byron York says Biden’s legislative agenda is ‘pretty much dead’The Washington Examiner's Byron York says President Joe Biden’s legislative agenda will be naught in 2023, as Republicans take the House majority.
Lire la suite »
Breakingviews - Guest view: Protecting Earth’s underground heroesEvery day across the world, an area roughly the size of 1,000 football fields is paved over to make way for freeways, parking lots and construction sites. This activity seals and traps hidden underground ecosystems and their carbon-capturing capabilities.
Lire la suite »
Breakingviews - Hong Kong IPOs go back to a less luminous futureHong Kong’s bankers and officials fantasise about the moment China finally ditches its Covid-19 restrictions. The mainland’s reopening is crucial to reviving the city’s capital markets. But even that is not enough to ensure Hong Kong’s future as an international financial centre.
Lire la suite »
Breakingviews - Democracy remains vulnerable despite a good yearAristotle said there are three good forms of government – monarchy, aristocracy and constitutional democracy – in which the rulers act for the common benefit. And there are three bad forms of government where rulers act for themselves: tyranny, oligarchy and demagogy. The ancient Greek philosopher argued the latter are perversions of the former.
Lire la suite »
Breakingviews - Microsoft plugs into LSEG data driveLSEG has enlisted Microsoft to upgrade its data business. The software giant on Monday unveiled a 10-year alliance with the owner of the London Stock Exchange and bought 4% of the $52 billion company. It’s a way for LSEG boss David Schwimmer to boost revenue, though investors will have to wait to see the results.
Lire la suite »
Grill maker Weber to go private with BDT Capital in $3.7 bln dealWeber Inc , known for its domed charcoal grill, said on Monday it had agreed to be taken private by controlling shareholder BDT Capital Partners LLC in a $3.7 billion deal.
Lire la suite »