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7 posts from All Podcast

EY: Private Equity Steps Up in Africa -- Part I

GDP growth in Sub-Saharan Africa last year hit 4.4%, with a third of the countries in the region growing at a robust 6% annual rate. Many analysts believe this helps sets the stage for long-term growth, underpinned by a growing middle class and rising foreign investment. That, in turn, is helping to grow the services sector while reducing dependence on natural resources. Accompanying this growth is a pickup in private equity activity (PE), which offers more promise for economic development. To learn more about that, Knowledge@Wharton spoke with three PE experts in this first part of a two-part podcast:

Michelle Kathryn Essomé, chief executive of the African Venture Capital Association (AVCA);

Michael Rogers, global deputy sector leader for private equity at EY; and

Stephen M. Sammut, senior fellow and lecturer at Wharton.

 


Download the edited transcript: Private Equity Steps Up in Africa -- Part I


 

Ernst & Young: Watch for Private Equity Inflows into Pioneer Markets to Grow Further in 2013

Emerging and pioneer markets are beginning to shine in the world of private equity. Among the BRIC  countries, Brazil had a very strong year in 2012, while India and China fell back. However, other areas — from Africa to Latin America and so-called “pioneer markets” – recorded good performances last year. Knowledge@Wharton takes a closer look at how private equity will perform in 2013 in this podcast with Philip Bass, global private equity markets leader at Ernst & Young, and Stephen Sammut, a  lecturer at Wharton Entrepreneurial Programs and senior fellow at Wharton’s health care management department.

 

Download the edited transcript of: Watch for Private Equity Inflows into Pioneer Markets to Grow Further in 2013

 

 

 

Ernst & Young: Watch for Private Equity in 2013 to Mirror 2012

Private Equity held its own during 2012 in a volatile year for the world economy. Funding for the industry was up slightly, while the number of actual deals dropped a bit below 2011 levels and exits were down. With merger and acquisition activity down, there were fewer assets available. To gain more insight into how private equity performed last year, Knowledge@Wharton spoke in this podcast with Philip Bass, global private equity markets leader at Ernst & Young, and Pavel G. Savor, a Wharton Finance professor.

Download and edited copy of the transcript:

Ernst & Young: Watch for Private Equity in 2013 to Mirror 2012

 

Ernst & Young: Private Equity — Holding Steady, Readying a Growth Stage

After a lackluster first half, private equity broke out stronger in the third quarter, fueled largely by corporate America’s shedding of some large, non-core assets. Expect this trend to continue in the months ahead, with most deals in the middle market range of $50 million to $500 million. That is one of the insights to come out of a discussion between Philip Bass, global private equity markets leader at Ernst & Young LLP, and Stephen M. Sammut, a senior fellow and lecturer at Wharton, featured in this Knowledge@Wharton podcast. “Overall, the financing is there, the capital is there,” says Bass. “We do need a pick-up in the overall M&A market, and if we get that pick up, we’d expect private equity pick up as well.”

Download an edited copy of the transcript:

Ernst & Young: Private Equity — Holding Steady, Readying a Growth Stage

Ernst & Young: Private Equity Heads Down a New Path

The general approach towards private equity investments has shifted substantially, in part to conform with the tougher market conditions prevailing after the financial shocks of the last few years. Gone are the days of earning profits largely through financial engineering and rapid portfolio turnover. In their place — business transformation — where investors park their money for longer terms and generally rebuild under-performing companies. Wharton professor Stephen M. Sammut and Philip Bass, global private equity markets leader at Ernst & Young LLP, discuss the new landscape in this Knowledge@Wharton podcast. They also take a look at the similarities — and differences — between private equity specialists and entrepreneurs.

Download an edited copy of the transcript:

Ernst & Young: Private Equity Heads Down a New Path

Amwal AlKhaleej: What Upheaval in the Middle East Means for Business

The events in the Middle East and North Africa (MENA) are bringing historical political and social changes. But what do they mean for business? To gain some perspective, Knowledge@Wharton spoke with Wharton finance professor Bulent Gultekin and Fadi Arbid, CEO of Amwal AlKhaleej, a leading private equity firm in the region. In the podcast below, Gultekin says expects short-term “volatility and uncertainty, but in the long run I think things will settle down and probably there will be economic reforms … provided that political reforms go smoothly….” Arbid suggests that the current upheavals will speed up economic reforms already underway. One concrete change: Dubai is likely to gain as a center for banking and expatriots at the expense of Bahrain.

 

Deloitte LLP: Commercial Real Estate Faces Huge Challenges, while Some Positive Signs Emerge

The commercial real estate industry has come under severe pressure following the financial crisis, with Moody’s commercial real estate index down more than 40% since October 2007, for example. Falling values and rents, and rising vacancy rates are part of the reason some observers have forecast that up to $200 billion in losses could result from this bear market. To get some perspective on where markets stand today, Knowledge@Wharton spoke with Guy Langford, head of the national real estate sector, merger and acquisition services at Deloitte & Touche LLP. Langford discusses the current distressed state of the commercial real estate market, including hotels and retail. He also considers when markets might bottom out and the effect of large pools of funds from potential investors who are beginning to dip their toe into the market.


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