Analysis: DIY deals- How private equity firms buy assets from themselves
By Chibuike Oguh
Reuters
(Reuters) - What s a fair price when you are selling something to yourself? On Wall Street, that s not a trick question.
A growing number of private equity firms are establishing new funds to buy portfolio companies from funds they already control. With the buyer and seller each an entity controlled by the same private equity firm, scrutiny is growing over how they price such deals. Transactions must be done at fair value and this must be sufficiently mitigated to make sure everybody feels good about the deal being done, said Brian Rodde, managing partner at Makena Capital, a private equity investor.
DIY deals: How private equity firms buy assets from themselves
By Chibuike Oguh
Reuters
(Reuters) - What s a fair price when you are selling something to yourself? On Wall Street, that s not a trick question.
A growing number of private equity firms are establishing new funds to buy portfolio companies from funds they already control. With the buyer and seller each an entity controlled by the same private equity firm, scrutiny is growing over how they price such deals. Transactions must be done at fair value and this must be sufficiently mitigated to make sure everybody feels good about the deal being done, said Brian Rodde, managing partner at Makena Capital, a private equity investor.
DIY deals: How private equity firms buy assets from themselves thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
NEWINGTON - It’s been a new year of new beginnings for the company formerly known as Wheelabrator Technologies.
In addition to transitioning to a new name - WIN Waste Innovations - after a series of acquisitions, the waste management company moved its headquarters to a new building on the Pease International Tradeport.
And that new building - located at 90 Arboretum Drive on the Newington side of the Tradeport - is a first of its kind in New England timber frame construction, a synergistic tie to the self-described environmentally responsible mission of WIN Waste Innovations.
“As a combined company, each year we convert 6.7 million tons of waste into clean, renewable energy to power 340,000 homes and recycle more than 234,000 tons of plastic, paper and metal from the waste stream,” said CEO Robert Boucher.
County will provide testing for neighbors of Floridaâs lead smelter
Residents who live near Gopher Resource gather in Tampa to hear from county officials in wake of Times investigation.
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Neighbors who live near Gopher Resource, Florida s only lead smelter, showed up for a community meeting at Kenly Park on Wednesday to hear from local leaders. Health officials say they will offer lead testing for local residents. Wednesday, April 21, 2021 in Tampa. [ LUIS SANTANA | Times ]
Published 1 hour ago
The Hillsborough County Health Department will provide testing to the community around Gopher Resource, a lead smelter operating near an elementary school in Tampa.