An Insight Into The Private Equity Market This Week With HULT Private Capital

DUBAI, UAE - March 25, 2022 - PRLog -- International investment fund specialist, HULT Private Capital take a look at the deals that have been brought to the Private Equity table over the past week…

The World's largest sovereign wealth fund, Norges Bank Investment Management, voted in favour of a private equity buyout in a recent shareholder vote to determine the future of electronics giant, Toshiba Corp.

The decision to vote against the Japanese company's plans to divide the company, creating a spinoff for its device manufacturing arm means private equity buyout bids will now be welcomed to the table. Chris Bland of Private Equity fund specialist, HULT Private Capital looks forward to watching the situation unfold, "over the coming months, I'll be very interested to see who presents offers as I'm in doubt there will be a number of them presented. The company has a long and impressive history spanning over 146 years. The brand is recognised globally and always places itself in the midst of technological innovation which is a factor that will put them in good stead under analysis."

Director, Raymond Zage, has been forthcoming in his support of the step towards inviting private equity investment, whilst many members of Toshiba's board have opposed the proposal.

Further west, UK fashion institution, Ted Baker, is the focus of a private equity bid from Sycamore Partners, the New York based firm who have historically invested in Kurt Geiger and Nine West. The British retailer recently announced the death of their chairman, John Barton, leaving what has been described as an 'inexperienced board' to handle the bid. HULT's Bland extended his condolences and made reference to Ted Baker's loss, "although John Barton only joined Ted Baker in 2020, his accolades as a chairperson extended back much further, having held the reins at Next PLC and EasyJet. The absence of his leadership and expertise is undoubtedly being missed during negotiations, particularly with a private equity firm so embedded in the retail arena." With negotiations ongoing, we will have to stand by and await the outcome of Sycamore's advances.