March 23, 2018

Spring 2018

Akash Pulluru

THE IMPACT OF TAX REFORM ON THE PE INDUSTRY

On December 19th, a Republican-controlled Congress narrowly passed a tax reform bill. This bill represents the most significant tax overhaul since 1986 and has profound implications for the private equity industry. Although this administration is often chastised for being overly friendly to private equity barons, the reality of this bill is far more complicated.

Sinan Onukar

March 13, 2019

Spring 2019

TRANSDIGM ACQUIRES ESTERLINE

Sinan Onukar

March 13, 2019

Spring 2019

The aerospace-focused PE firm Transdigm acquired its rival Esterline last October for 4B$, its largest-ever deal. Evercore and Goldman Sachs advised Esterline, while Morgan Stanley advised Transdigm. This deal is expected to close this spring and will put Transdigm among the leaders of its industry. As of March, the company’s shares have increased by roughly 30% since the deal was announced and the market is optimistic about the company’s future.

Sinan Onukar

March 23, 2018

Spring 2018

SOFTBANK OFFERS UBER A RIDE

Sinan Onukar

March 23, 2018

Spring 2018

The board at Uber, which is planning an initial public offering in 2019, made their final concessions to pave the way for the SoftBank deal in early November. The deal, concluded on January 18, includes a large purchase of shares from existing Uber investors and employees at a discounted valuation for the company of $48 billion, a 30 percent drop from Uber's most recent valuation of $68 billion.