#privateequity

Posts mentioning hashtag #privateequity

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Global being bought out??

No, Global Payments has not been bought out, though private equity firms Clayton, Dubilier & Rice (CD&R) and GTCR have launched a joint $40 billion buyout bid for the company.
Key details of the situation:
• The Bid: CD&R and private equity group GTCR (Global Payments' largest outside shareholder) have teamed up on a potential leveraged buyout valuing the company at around $40 billion (combining a ~23 billion market cap and over $17 billion in net debt).
• Current Status: The talks are ongoing and may not result in a final deal.
• Context: The buyout interest follows a difficult period for Global Payments' stock after its massive 2025 acquisition of Worldpay.

#BuyOut #PrivateEquity #Acquisition #Global #Merger

Layoff across Product and Technology

Wide range of layoffs across UX Design, Research, Product Management, product engineering.

Approx. 200+ employees let go today at CCC after its acquisition by PE companies Elliott and GTCR.

Incompetent leadership that made hasty investment decisions with EIQ acquisition as well as PE selloff.

#Layoffs #Acquisition #PrivateEquity #PoorLeadership #WorkforceReduction

This place lost its soul years ago.

I was let go over a year ago, and it took a while to get my footing back. I’m so much happier where I am now. UKG is all sizzle and no steak. They have a fake-it until you make-it approach to business. A ruthless private equity firm calls the shots, and phony agnostic puppets in their offices execute the orders, This place lost its soul years ago.

#BadLeadership #Culture #EmployeeRelations #Layoff #PrivateEquity

Private Equity Ownership Fuels Michigan Job Cuts

Private equity firms are increasingly impacting Michigan's manufacturing sector through acquisitions and consolidations. This ownership model often leads to increased efficiency, which can result in significant layoffs. Companies like Trystar and Autokiniton have recently announced substantial workforce reductions. These actions highlight a trend of private equity-driven restructuring within the state's industrial landscape. The long-term effects on the Michigan workforce are a growing concern.

Troy, Michigan

https://pestakeholder.org/news/private-equity-links-to-michigan-bankruptcies-layoffs-union-busting/

#Acquisition #Michigan #PrivateEquity #Restructuring

What Happens If Associates Do Not Participate in the Class B Purchase

If the workforce collectively refuses to sign the promissory notes or buy into the new Class B LP structure, the firm's engineered restructuring playbook faces a critical roadblock. Management cannot easily absorb the capital shortfall, leading to a predictable sequence of operational and financial outcomes.

  1. The Buyout Capital Shortfall

The entire structural transition relies on employee debt to fund the exit package for the retiring founders and legacy General Partners.

  • Frozen Payouts: If associates refuse the loans, the capital pool remains empty. The legacy partners cannot convert their illiquid paper wealth into upfront cash.
  • Failed Restructuring: The firm cannot execute the internal leveraged transition as planned, leaving the aging ownership stuck holding the risk of a declining asset.
  1. A Fast-Tracked Outside Private Equity Fire Sale

Because the owners are determined to achieve liquidity and exit the asset, a failure to sell the firm internally will trigger an immediate pivot to outside buyers.

  • Abandoning the Narrative: The "employee-owned" corporate narrative will be completely discarded over a weekend.
  • The PE Handover: Management will quietly initiate an aggressive fire sale to a predatory Private Equity (PE) firm or a direct corporate competitor. The old partners will accept a lower valuation just to get cash, handing the remaining skeleton crew over to an outside management team focused strictly on radical cost cutting.
  1. The RTO Surveillance State Backfires

The harsh 4-day hourly tracking and the removal of family flexibility were designed to cause "controlled attrition" to thin out payroll liabilities before the transaction.

  • The Talent Drain Acceleration: If employees reject the equity offering, the hostile environment loses its only theoretical financial incentive.
  • Operational Collapse: High-performing and specialized workers will exit rapidly, leaving the firm as an hollowed-out operational shell that can no longer sustain its client base or defend its valuation to lenders.
  1. Technical Default on Bank Covenants

The commercial banks funding the baseline operational loans operate under strict financial covenants tied to firm revenue and margin stability.

  • Margin Compression: If productivity collapses because the workforce is disaffected and shrinking, the firm will miss its near-term financial targets.
  • Bank Foreclosure: Missing these metrics triggers a technical default. The lending banks retain the legal right to step in, seize corporate assets, remove the Managing Partner, and liquidate the firm's intellectual property to recoup their cash.
  1. Increased Internal Hostility and Cash Freezes

In a final, desperate attempt to force profitability metrics into alignment before the timeline expires, the lame-duck Managing Partner will shift from incentivization to absolute financial pressure.

  • Total Cash Compensation Freezes: Annual cash bonuses will be entirely eliminated, and baseline salaries will be frozen indefinitely under the guise of "restructuring headwinds."
  • Data-Driven Layoffs: A third or fourth round of aggressive terminations will be executed, using the 4-day hourly tracking logs and AI adoption metrics as a paper trail to eliminate headcount without paying severance.
#Restructuring #PrivateEquity #RTO #Layoffs #Severance

Which would be worse -or- what might be better?

Which is the best (or worst) outcome here: (1) Insight is acquired by a Capgemini, NTT Data, Computacenter, Infosys, or Accenture - say its for their client footprint, onshore presence, vendor logistics, or whatever - or (2) PE steps in. Perhaps its Thoma Bravo, Francisco Partners, KKR, Apollo, etc - for the sake of executing a restructuring and margin optimization buy-and-build strategy without the public stock scrutiny - or (3) things remain the same. The same old same old same old same old Q-after-Q paper cut plan. What is the better option? 1, 2, or 3??? The wide range M&A Premium would place an implied price between $160 to $185/share. Enterprise market cap value minus net debt (~$1.3B) leaves decent forward P/E earnings power. What would you like to see happen? Which would be worse - what might be better?

#Acquisition #PrivateEquity #Restructuring #Merger #SharePrice

Is Private Equity Corporate Leadership Under Siege?

No one has seen corporate officers out in public or at work centers. Are they hiding in their corporate refugees and private equity firm gated enclaves? They obviously recognize outside their fawning and servile sycophants they are loathed and despised by employees and customers. It is obvious they are going to extreme measures to conceal their whereabouts. We have to face our coworkers and customers everyday. Why do we continue to tolerate cowardly leaders, who have no skin in the game and steal all our profits?

#CorporateCulture #Executives #Leadership #PrivateEquity

Knox Lane Buys Cross Country Healthcare

Cross Country Healthcare has been acquired by a subsidiary of private equity firm Knox Lane. The transaction will take the company private. Joel Tremblay has been appointed as the new CEO, succeeding co-founder Kevin Clark. This deal was finalized after shareholders approved the merger. The acquisition is valued at $437 million.

http://www.modernhealthcare.com/mergers-acquisitions/mh-healthcare-deals-live-updates/

#Acquisition #CEO #Florida #PrivateEquity

Topgolf Cuts Staff Amidst Ownership Change

Topgolf has recently undergone significant changes following its acquisition by private equity firm Leonard Green & Partners. The company's new CEO, David McKillips, implemented a layoff of 300 employees to streamline management layers and reduce costs. This move is part of a broader strategy to reset the business plan and optimize operations under private ownership. Despite the workforce reduction, Topgolf plans to continue its global expansion, opening new venues domestically and internationally. The company aims to balance growth with a focus on enhancing the guest experience.

Dallas, Texas

https://finance.yahoo.com/small-business/articles/topgolf-ceo-dishes-private-equity-165213733.html

#Layoffs #PrivateEquity #Acquisition #Restructuring #Texas

Private Equity

I keep seeing posts about PE as a savior.

Question, have any of you worked in PE? It ain't fun.

Reminds me of the line in good fellas ..

Business bad? Fu-k you, pay me. Oh, you had a fire? Fu-k you, pay me. Place got hit by lightning, huh? Fu-k you, pay me.

Say good bye to good benefits, PSP, stock options (oh yeah, yours will be worth nothing), probably a reset on PTO...

And if it does turn around, you won't see a penny

#Benefits #Company #EmployeeRelations #Layoffs #PrivateEquity

Topgolf Cuts Hundreds of Jobs After Ownership Change

Topgolf recently laid off hundreds of employees across its U.S. venues. These cuts impacted roles in sales, hospitality, operations, events, and customer experience. The layoffs occurred months after private equity firm Leonard Green acquired majority ownership. This action follows a previous round of 300 job cuts last year. New CEO David McKillips also replaced the company's top technology and marketing executives.

Dallas, Texas

https://www.dmagazine.com/micropost/top-golf-layoffs-may-2026/

#Layoffs #PrivateEquity #Ownership #Hospitality #Texas

Sycamore plans to double Walgreens profits.

Unfortunately the news article is paywalled. But how exactly do they plan to double profits? More cutbacks?? Is this the part where private equity starts doing what they do best, cut everything down to nothing to maximize profits?? Here is the link to the article but sorry it's paywalled.

https://www.bloomberg.com/news/articles/2026-04-02/walgreens-private-equity-owner-plans-to-double-chain-s-profits

#Cuts #Layoffs #PrivateEquity #Profit #Strategy