Private equity off to best start since 2007
April 16, 2012: 5:23 AM ET
Private equity firms KKR and Blackstone, two of the largest publicly traded
buyout firms, are expected to continue rapidly selling their portfolio companies
in 2012.
NEW YORK (CNNMoney) The private equity http://www.moncleroutletvip.com/
industry is on pace for a record year for sales and initial public offerings of
its companies.
In the first quarter of 2012, private equity firms either sold or took public
112 companies, generating roughly $21 billion. Such sales are taxed at roughly
15%. Partners in private equity firms also pay taxes of roughly 15% on what they
personally earn from private equity profits because it's also considered an
investment return rather than income that's taxed at rates of 35%.
Meanwhile, private equity firms are also rushing to sell companies or take
them public because it's simply time to do so. 2006 and 2007 were record years
for both the amount of money raised by PE firms and the amount they put into
taking companies private. And most PE investors only look to hold on to
companies for about five years.
"All the stars seem to be aligned. The inventory of companies is there. The
capital is there to buy them," said John Gabbert, CEO of PitchBook Data.
Most stock quote data provided by BATS. Market indices are shown in real
time, except for the DJIA, which is delayed by two minutes. All times are ET.
Disclaimer. Morningstar: 2015 Morningstar, Inc. Factset: FactSet Research
Systems Inc. 2015. Chicago Mercantile Association: Certain market data is the
property of Chicago Mercantile Exchange Inc. and its licensors. Dow Jones: The
Dow Jones branded indices are proprietary to and are calculated, distributed and
marketed by DJI Opco, a subsidiary of S Dow Jones Indices LLC and have been
licensed for use to S Opco, LLC and CNN. Standard Poor's and S are registered
trademarks of Standard Poor's Financial Services LLC and Dow Jones is a
registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow
Jones branded indices S Dow Jones Indices LLC 2015 and/or its affiliates.
没有评论:
发表评论