Stephen Lacey is US Editor for International Financing Review, helping to oversee editorial content across the region. He has particular expertise in coverage of the equity capital markets – IPOs, follow-on stock sales, and equity-linked securities – spanning the entire corporate life cycle, from venture and private equity to entry and maturation in the public markets.
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Argentine commercial banks are rushing to the equity markets to secure the firepower needed to participate in ongoing consolidation.
Canada Goose, the premium parka maker, filed documents on Wednesday to facilitate a secondary sell-down by private equity firm Bain Capital, senior management and other insiders. The proposed stock sale comes just three months after the IPO, well within the 180-day lock-up agreed with the underwriters.
Carlyle Group is seeking the permanency of a public vehicle with the forthcoming IPO of TCG BDC. With myriad similar vehicles – business development companies (BDCs) backed by Ares, Apollo, TPG and Goldman Sachs – the question for investors will be to discern between subtle differences in the businesses.