Latest news with #GenstarCapital
Bloomberg
20-05-2025
- Business
- Bloomberg
First Eagle Plans Acquisition Spree in Quest for $500 Billion
Genstar Capital -backed First Eagle Investments is planning an acquisition spree as the investment manager looks to grow its assets to $500 billion in the next five years. The New York-based firm aims to acquire as many as four other firms or teams a year for the next five years to expand into new asset classes, Chief Executive Officer Mehdi Mahmud said in an interview. Those will include emerging markets, secondaries and real estate.
Reuters
09-05-2025
- Business
- Reuters
Hellman & Friedman launches sale process for US software maker Enverus, sources say
May 8 - Private equity firm Hellman & Friedman has launched a sale process for Texas-based energy software maker Enverus in a deal that could value the company at around $6 billion, according to people familiar with the matter. The private equity firm is working with investment bankers at Citi on the potential sale, which has attracted interest from both private equity firms and other companies, said the people, who asked not to be named because the discussions are private. The sale process is in its early stages and multiple options are on the table, including selling a stake in Enverus, the people said, cautioning that no deal is guaranteed. Private equity firm Genstar Capital, which sold Enverus to Hellman & Friedman in 2021 for $4.25 billion, still has a minority stake in the tech company. Citi and Genstar declined to comment, while representatives for Hellman & Friedman and Enverus did not respond to Reuters' requests for comment. Austin, Texas-based Enverus provides data, analytics, and software solutions to oil and gas companies. Enverus generates around $400 million in annual earnings before interest, taxes, depreciation, and amortization (EBITDA) and is likely to be valued at close to 15 times its EBITDA, or $6 billion, the sources said. Bloomberg reported in 2024 that private equity owners of Enverus were preparing to explore a sale or IPO of the company. Private equity firms are under increasing pressure from investors to sell or IPO portfolio companies to return capital after a year of little activity. Last week, Reuters reported that Blackstone is exploring a $3 billion sale of Sphera, a sustainability software and consulting services provider.
Techday NZ
05-05-2025
- Business
- Techday NZ
Likewize acquires Speedperform to boost AI tech support services
Likewize has acquired Speedperform, a provider of artificial intelligence-driven customer support solutions, expanding its reach and enhancing its technical support capabilities. By purchasing Speedperform, Likewize aims to strengthen and broaden its portfolio in device setup, troubleshooting, and optimisation, integrating Speedperform's AI technology and Microsoft GenAI tools into its offerings. According to details shared by the company, the integration will focus on delivering more intelligent self-service solutions, faster resolution times, and greater personalisation in the customer experience. Speedperform specialises in supporting clients in the telecom and technology sectors by developing software and creating support content that addresses complex support requirements. The company's customer base includes global brands across Europe, Asia Pacific, Africa, and Latin America. Established in 1997 and based in Dallas, Likewize supports over 250 million device issues per year, working with clients from the telecommunications, financial, and retail sectors. Its services cover product warranties, repairs, upgrades, and premium technical support, and it currently operates in more than 30 countries. Ryan O'Hara, Chief Executive Officer of Likewize, said, "This acquisition of Speedperform marks an exciting new chapter for Likewize as we continue to expand our capabilities and deliver cutting-edge solutions to our clients and their customers. Speedperform's expertise fits seamlessly with our strategic vision to make tech problems painless. Together, we'll be able to offer even more solutions to our clients while extending our reach into new markets." Thomas Thrane, Chief Executive Officer of Speedperform, stated, "This partnership with Likewize is fundamentally about delivering greater value and deeper support for our customers. It will enable our clients to support their customers at every stage of their tech's lifecycle—from buying their device, protecting and repairing it, to helping them upgrade when the time comes. Consumers typically use only around 40% of their device's full potential, so our goal is to help them get the most from their technology." The acquisition comes after private equity firm Genstar Capital became the majority shareholder in Likewize, backing the company's recent expansion initiatives. The company said Genstar Capital's support, combined with Speedperform's AI capabilities, would allow it to enhance customer experiences and help clients establish stronger connections with end users. Neither Likewize nor Speedperform disclosed the financial terms of the transaction. The agreement is expected to combine the resources and expertise of both companies to address a broader array of customer support challenges globally.
Forbes
18-04-2025
- Health
- Forbes
Investing In The Greatest Asset: Life
Jean-Pierre Conte is chairman and managing partner of Genstar Capital, a private equity leader and philanthropist. getty There is no single investment more important than life. From a young age, we're told to eat healthy, exercise and get regular check-ups—all of them being investments in our health so that each of us can live a full (and long) life. And, it's working. Mortality associated with heart disease is steadily on the decline, and the death rate as a result of a stroke decreased year over year between 2021 and 2022. Today, though, what is affecting us more than ever are neurodegenerative diseases, including Alzheimer's and Parkinson's. Many Americans and our loved ones are living beyond those once dire conditions, only to be faced with a debilitating set of new issues. It's like we've fixed the hardware (physical illness), but the software (neurological illness) is still breaking down. When it happened, I didn't think it would be that quick. My dad was a loving, caring, bright light, but in his late years, he struggled with Parkinson's—a disease that hit at the very core of our family. I was lucky to have my parents involved in my children's lives growing up. In 2001, my parents both moved to San Francisco from New Jersey when my dad was about 70. It was only a handful of years later, around the age of 75, that he received his diagnosis. We were all devastated by the prognosis, though he kept a positive attitude even as the disease progressed following aggressive treatments. It was in an instant that I used to coach my son's soccer team with my dad tagging along that those experiences evaporated, with him soon being confined to receiving an ever-increasing level of care. For the years that followed, his abilities were cut in half each year. By all accounts, my dad was a strong man: an immigrant and a military veteran who worked with his hands and then had a flair for selling for another 40 years. Any chance for me to give back to him and provide hope to any other families going through the same experience as my dad is the greatest investment I could make. So, that's exactly what I did. When I met the doctor leading my dad's care, it was clear he was running a crusade on this disease—doing whatever he could to help people like my dad. The doctor walked me through the latest therapies, many of which were unavailable to my dad due to his late condition, but ones I hope will be available to the next patient who walks through those hospital doors. Today, I'm committed to doing what I can to help those in the health industry advance their research into these diseases. Good lessons that can shape life and business come from all places; here's what I've learned along this journey. 1. Invest in health and treasure time with family. Taking care of yourself and your loved ones is more important than trying to find the next unicorn, and spending time with those closest to you is more meaningful than almost anything. Make the conscious choice to put health and family first. 2. Good leaders are novel thinkers. One thing that was extremely clear when I met the doctor leading my father's care was that he was constantly thinking about "what else can we do." Even though my father's disease progressed rapidly, at no point did his care team stop thinking of new ways to try and help him. The same mindset is key in fields beyond medicine. 3. The opportunity for impact is endless. Investing and allocating your resources to causes like Parkinson's research provides the opportunity for you to have an impact far beyond anything else you may do. I see it as an opportunity to impact not just the now, but also the long-term future—and that is special. As business leaders, it's valuable to have a culture of giving back and helping others. It's a culture I inherited, keep very close to my heart, and I encourage all executives and leaders to embrace. Honoring my dad and investing in the gift of life—continuing research to help those with neurodegenerative diseases—has returned more than I could've ever imagined. And, forever, I love you, Pops. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Yahoo
24-02-2025
- Business
- Yahoo
Genstar Is in Talks to Buy First Eagle for Over $4 Billion
(Bloomberg) -- Private equity firm Genstar Capital is in talks to acquire a controlling stake in First Eagle Investment Management, which is majority-owned by Blackstone Inc. and Corsair Capital, according to people with knowledge of the matter. Trump Targets $128 Billion California High-Speed Rail Project Trump Asserts Power Over NYC, Proclaims 'Long Live the King' Trump to Halt NY Congestion Pricing by Terminating Approval Airbnb Billionaire Offers Pre-Fab Homes for LA Fire Victims NYC's Congestion Pricing Pulls In $48.6 Million in First Month Any transaction is set to value First Eagle at more than $4 billion, said some of the people, who asked not to be identified discussing confidential talks. No deal has been finalized and it's possible the talks could fall apart. Blackstone and Corsair acquired a majority stake in First Eagle in 2015 and have been working with an adviser on a sale process, the Financial Times reported earlier this month. Representative for First Eagle, Genstar, Blackstone and Corsair declined to comment. Genstar Capital focuses on dealmaking in the financial services, health care, industrials and software sectors. In 2023, it closed on $12.6 billion for its 11th fund. New York-based First Eagle, run by Chief Executive Officer Mehdi Mahmud, managed approximately $149 billion in assets as of Sept. 30, 2024. The firm has acquired other platforms including THL Credit Advisors and Napier Park Global Capital. Last year, First Eagle named Michael Constantino as its chief financial officer, reporting to Mahmud. Walmart Wants to Be Something for Everyone in a Divided America Why Private Equity Is Eyeing Your Nest Egg Meet Seven of America's Top Personal Finance Influencers Can Dr. Phil's Streaming Makeover Find an Audience in the MAGA Era? How Med Spas Conquered America ©2025 Bloomberg L.P. Sign in to access your portfolio
