Janelle Bradley

New York

Private Equity Reporter at PitchBook

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Articles

PE dealmakers say temporary tariff reprieve is not a green light

2 days ago | pitchbook.com | Madeline Shi |Janelle Bradley

The US and China inked a deal over the weekend to pause their steep reciprocal tariffs for 90 days, a move that buoyed financial markets and sent global stocks rallying on Monday. However, the private equity industry remained more reserved in response to the temporary truce. The 90-day framework stipulates that the US will drop the 145% tariff imposed in April to 30%, while China will lower its tariffs on US imports from 125% to 10%.
Blackstone to take AI specialist TaskUs private for $2B

5 days ago | pitchbook.com | Janelle Bradley

Blackstone and the co-founders of TaskUs have agreed to take private the Texas-based provider of outsourced AI services in a deal valued at $2 billion, advancing the asset manager’s investments in AI. Blackstone’s plans to pull TaskUs off of Nasdaq come amid a rise in Q1 take-private activity, with overall deal value jumping 24.6% quarter-over-quarter as PE firms capitalize on public market volatility, according to PitchBook’s latest PE Breakdown.
3G Capital to take Skechers private in $9.4 billion deal

1 week ago | pitchbook.com | Janelle Bradley

Skechers has agreed to sell to 3G Capital in a deal valuing the popular footwear brand at approximately $9.4 billion. The take-private transaction comes after nearly three decades of Skechers trading publicly, becoming a Fortune 500 company by offering affordable and comfortable footwear to consumers. Under the agreement, 3G is offering $63 per share in cash, representing a 30% premium over the company’s 15-day volume-weighted average stock price.
Market volatility drives jump in Q1 take-private value

3 weeks ago | pitchbook.com | Janelle Bradley

Private equity capitalized on take-private opportunities in the first quarter of 2025 as the market grappled with the new reality of tariffs and prolonged uncertainty around deals. Take-private deal value increased 24.6% quarter-over-quarter, according to PitchBook’s Q1 2025 US PE Breakdown.
Intel sells Altera to Silver Lake in PE's largest carveout in 5 years

1 month ago | pitchbook.com | Janelle Bradley |Madeline Shi

Intel will sell a 51% stake in its Altera business to Silver Lake, valuing the programmable chip developer at $8.75 billion, or about half what the semiconductor giant paid for the business in 2015. And yet, the transaction represents the largest PE-backed carveout in North America in the past five years, according to Garrett Hinds, PitchBook’s senior private equity analyst.
PE sponsors consider alternatives to China-plus-one supply chain strategy

1 month ago | pitchbook.com | Janelle Bradley

As tariffs continue to generate uncertainty across markets, private equity sponsors with exposure to global supply chains are in a state of strategic vigilance, actively reconfiguring their playbooks. As of Friday, China has raised tariffs on US goods to 125% after the US imposed an effective rate of 145% on Chinese goods and paused reciprocal tariffs to other nations.
Cranemere’s long-term play: Inside the Berkshire-inspired perpetual capital model

1 month ago | pitchbook.com | Janelle Bradley

As 2025 has thus far failed to deliver a surge in exits and liquidity that many had hoped for, perpetual capital strategies have gained traction among the largest publicly traded asset managers, ensuring consistent cash flow from insurance and retail investor channels. At the end of 2024, private equity’s portfolio reached nearly 12,000 companies, with over 35% needing to be realized soon, according to PitchBook’s 2024 Annual US PE Breakdown.
Sixth Street steps up to the plate with 10% stake in San Francisco Giants

1 month ago | pitchbook.com | Janelle Bradley

Sixth Street has acquired a 10% stake in the San Francisco Giants, marking the latest private equity move into Major League Baseball ownership. The strategic investment will assist in paying for stadium upgrades and other facilities, including a neighboring real estate development, The New York Times reported.
Blackstone makes splash with $5.6B Safe Harbor Marinas acquisition

2 months ago | pitchbook.com | Janelle Bradley

Blackstone agreed to acquire Safe Harbor Marinas in a $5.65 billion all-cash deal as the asset manager banks on a recession-resistant industry. Safe Harbor Marinas, which was acquired by the real estate investment trust Sun Communities for $2 billion in 2020, manages 138 marinas across the U.S. and Puerto Rico and provides maintenance services for superyachts.
Herc outmaneuvers United Rentals in $5.3B H&E deal

2 months ago | pitchbook.com | Janelle Bradley

Herc Holdings has agreed to acquire H&E Equipment Services for $5.3 billion including debt, beating out market leader United Rentals, which had a prior agreement to acquire the Lousiana-based target company. Herc, which supplies aerial, earthmoving, material handling, trucks and trailers and other equipment for rent, managed to win the fourth largest player in an industry mainly populated by mom-and-pop businesses.