Paramount Owner Draws Buyout Interest

Paramount Owner Draws Buyout Interest

Private equity news the week of January 29th, 2024.

Insights

Chart of the Week: Private equity exits in North America fell -41% in 2023, as buyers and sellers remain in a stalemate over valuations. The average deal size of a PE-backed exit in North America last year was $500 million, more than double the average deal size in Western Europe. Dive into more private equity exit trends from our latest report. (Read More)

More Insights

  • Private Equity Exits Report 2024 (Read More)
  • Private Equity is Recruiting More Public Company Execs (Read More)
  • Private Equity Operating Trends Report 2024 (Read More)
  • Turnaround Case Study: Dell Technologies (Read More)
  • The 100 Largest Private Equity Buyouts of All-Time (Read More)

Deal News

David Ellison, founder of Skydance Media and son of Larry Ellison, is in talks to acquire National Amusements, which owns a controlling stake in Paramount, from the Redstone family. The deal would be financed by KKR and RedBird Capital Partners. Meanwhile, Apollo Global Management is also reportedly weighing a bid for the company. (Source)

After Macy’s rejected a $5.8 billion takeover bid, Arkhouse Management Managing Partner Gavriel Kahane told CNBC “we’re certainly not done.” The buyout firm is partnering with Brigade Capital Management to try to unlock value in Macy’s real estate assets, but the retailer’s board scoffed at the offer citing too low a valuation and the buyers’ lack of experience managing companies. Sycamore Partners is also reportedly considering an offer. (Source)

Carlyle Group is reportedly interested in selling technology services company HSO for around $1 billion. The European company has over 1,200 clients and specializes in integrating Microsoft cloud computing solutions. (Source)

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