SVPGlobal
- For what it's worth, I'm modeling this article on similar articles found in the Private Equity Firms Category and on this List of private equity firms. I think the tone and content is fairly close to those in the articles found there.DesertDana (talk) 21:24, 5 August 2021 (UTC)
- Having reread the source, I see that it says "one of the larger," not "one of the largest"; I had misread that and have adjusted the language accordingly. Although I think those are similar descriptions, there is certainly a difference. Here is the quote: "The newest fund is nearly double the size of its predecessor, which collected $2.85 billion in April 2018. That pushes SVP’s assets under management to more than $17 billion, making it one of the larger practitioners of distressed debt and special situations investing."[1] DesertDana (talk) 21:25, 5 August 2021 (UTC)
| Private | |
| ISIN | 🆔 |
| Industry | Distressed securities, Private equity |
| Founded 📆 | 2001 |
| Founder 👔 | Victor Khosla |
| Headquarters 🏙️ | Greenwich, Connecticut |
Area served 🗺️ | |
| 💎 AUM | $17 billion[1] |
| Members | |
Number of employees | |
| 🌐 Website | SVPGlobal.com |
| 📇 Address | |
| 📞 telephone | |
SVPGlobal, also known as Strategic Value Partners, is an investment firm focused on distressed debt and private equity investing.[2] As of 2021,the firm l manages $17 billion in assets.[1] The firm often takes an active role in transactions, either during the restructuring process or by participating on creditors’ committees.[3]
History[edit]
SVPGlobal was founded by chief investment officer Victor Khosla in 2001.[4]
In 2012, SVPGlobal gained control of German plastics maker Klöckner Pentaplast as part of a restructuring.[5] In 2014, the firm acquired UK packaging group Linpac after buying up large chunks of debt related to a 2003 takeover.[6] SVPGlobal combined the two companies in 2017, with Klöeckner buying Linpac.[5]
In 2014, SVPGlobal began investing in waste-management company Cory Riverside Holdings. The firm then led a restructuring of the company and sold it in 2018 for a profit of $1.14 billion, or four times their invested capital.[7]
In 2018, SVPGlobal closed its fourth special situations fund, raising $2.85 billion.[7] Two of the fund’s first investments included toll roads in Texas and Portugal.[8]
In 2020, an SVPGlobal-led consortium acquired air-cargo handler Swissport International AG in a debt-for-equity swap that includes 500 million euros long-term debt facility and a 300 million euros interim debt facility.[9]
In October 2020, SVPGlobal closed on a $1.7 billion fund focused on capturing investment opportunities created by the dislocation resulting from the pandemic. The closing of this fund lifted SVPGlobal’s assets under management to more than double its size five years ago.[10]
As of 2021, SVPGlobal controls 10 businesses with 16,000 employees.[1]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 Doherty, Katherine (3 August 2021). "SVP Doubles Down With $5 Billion to Hunt for Troubled Assets". Bloomberg. Retrieved 3 August 2021.
- ↑ McElhaney, Alicia (25 May 2020). "After Years of Famine, This Distressed Debt Pro Predicts a Feast". Institutional Investor. Retrieved 12 May 2021.
- ↑ Taub, Stephen (17 August 2018). "Strategic Value Partners Leads Most Distressed Funds". Institutional Investor. Retrieved 9 May 2021.
- ↑ Doherty, Katherine; Basak, Sonali (22 December 2020). "SVP's Khosla Sees Recovery Rates Dip in Distressed-Debt Brawls". Bloomberg. Retrieved 9 May 2021.
- ↑ 5.0 5.1 "Buyout group SVP combines European packaging firms ahead of U.S. listing". Reuters. 7 April 2017. Retrieved 20 May 2021.
- ↑ "SVPGlobal puts UK packaging group Linpac up for sale: sources". Reuters. 3 November 2016. Retrieved 20 May 2021.
- ↑ 7.0 7.1 Alves, Joice (8 June 2018). "SVP Scores 4-Times Return on £1.5 Billion Cory Riverside Exit". The Wall Street Journal. Retrieved 23 May 2021.
- ↑ "Distressed debt firm Strategic Value Partners raises $2.85bn". Financial Times. 8 May 2018. Retrieved 2 August 2021.
- ↑ "HNA's Swissport gets new owners with debt-for-equity deal". Reuters. 30 August 2020. Retrieved 20 May 2021.
- ↑ "SVP bets on pandemic debt stress with $1.6bn fund launch". Financial Times. 30 September 2020. Retrieved 12 May 2021.
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submitting article for review - investment firm SVPGlobal; thank you[edit]
Resubmitting after adding Bloomberg and Financial Times references (please note while checking for notability, the company seems to go by both SVPGlobal and Strategic Value Partners)[edit]
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