Finance

Analysis: With capital markets jittery, private equity pounces to finance tech buyouts

When buyout firm Thoma Bravo LLC was seeking lenders to finance its acquisition of business software company Anaplan Inc (PLAN.N) last month, it skipped banks and went directly to private equity lenders including Blackstone Inc (BX.N) and Apollo Global Management Inc (APO.N). Within eight days, Thoma Bravo secured a $2.6 billion loan based partly on annual recurring revenue, one of the largest of its kind, and announced the $10.7 billion buyout. The Anaplan deal was the latest example of what capital market insiders see as the growing clout of private equity firms’ lending arms in financing leveraged buyouts, particularly of technology companies.

Indonesia to impose VAT, income tax on crypto assets from May

Indonesia plans to charge value-added tax (VAT) on crypto asset transactions and an income tax on capital gains from such investments at 0.1% each, starting from May 1, a tax official said on Friday, amid a boom in digital asset trading.

Italy expects to sell Monte dei Paschi after restructuring

Rome expects to return Monte dei Paschi di Siena (BMPS.MI) into private hands only after the bailed-out lender completes restructuring steps it is currently discussing with European Union authorities, Italy’s economy minister said on Monday.

Analysis: With capital markets jittery, private equity pounces to finance tech buyouts

When buyout firm Thoma Bravo LLC was seeking lenders to finance its acquisition of business software company Anaplan Inc (PLAN.N) last month, it skipped banks and went directly to private equity lenders including Blackstone Inc (BX.N) and Apollo Global Management Inc (APO.N). Within eight days, Thoma Bravo secured a $2.6 billion loan based partly on annual recurring revenue, one of the largest of its kind, and announced the $10.7 billion buyout. The Anaplan deal was the latest example of what capital market insiders see as the growing clout of private equity firms’ lending arms in financing leveraged buyouts, particularly of technology companies.

Indonesia to impose VAT, income tax on crypto assets from May

Indonesia plans to charge value-added tax (VAT) on crypto asset transactions and an income tax on capital gains from such investments at 0.1% each, starting from May 1, a tax official said on Friday, amid a boom in digital asset trading.

Italy expects to sell Monte dei Paschi after restructuring

Rome expects to return Monte dei Paschi di Siena (BMPS.MI) into private hands only after the bailed-out lender completes restructuring steps it is currently discussing with European Union authorities, Italy’s economy minister said on Monday.

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