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26-479: In October 2014 private equity firm Warburg Pincus in New York purchased a majority stake in the company, and Reed Construction Data changed its name to CMD. CMD said the new name is a nod to the company's original name: Construction Market Data. The new brand includes an updated logo and website. The company tracks data on hundreds of thousands of projects per year, providing coverage of construction projects in both

52-408: A financial sponsor ) is an investment management company that provides financial backing and makes investments in the private equity of a startup or of an existing operating company with the end goal to make a profit on its investments. The target companies are generally privately owned entities (not publicly listed ), but it seldomly happens that private equity firms purchase the majority of

78-439: A return on investment through one of the following avenues: Private equity firms characteristically make longer-hold investments in target industry sectors or specific investment areas where they have expertise. Private equity firms and funds differ from hedge fund firms which typically make shorter-term investments in securities and other more liquid assets within an industry sector, with less direct influence or control over

104-492: A creditor's lawsuit against the partners until he or she has exhausted all remedies against the partnership assets. In Bangladesh , the relevant law for regulating partnership is the Partnership Act 1932. A partnership is defined as the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. The law does not require written partnership agreement between

130-450: A mature European private equity market emerged. Private equity companies, acting as general partners with investors as limited partners , acquire a controlling or substantial minority position in a company and then look to maximize the value of that investment. Strategies include leveraged buyout (with borrowed capital), venture capital (for start ups), and growth capital (mature companies). Private equity firms generally receive

156-591: A partnership does not have separate legal personality. Although the English & Welsh Law Commission proposed to amend the law to create separate personality for all general partnerships, the British government decided not to implement the proposals relating to general partnerships. The Limited Liability Partnerships Act 2000 confers separate personality on limited liability partnerships—separating them almost entirely from general partnerships and limited partnerships, despite

182-419: A partnership will terminate upon the death, disability, or even withdrawal of any one partner. However, most partnership agreements provide that in these types of events, (1) the share of the departed partner usually remains in the partnership or is given to an identified successor, and (2) the partnership will be dissolved. It is important to exclude duration on fixed term so that dissolution by notice and s.27 of

208-543: A public partnership which allows the partners to opt for legal personality. In the United States , section 201 of the Revised Uniform Partnership Act (RUPA) of 1997 provides that "A partnership is an entity distinct from its partners." This is one of the more significant departures of RUPA from the 1917 Uniform Partnership Act, which does not recognize separate legal personality for partnerships; however,

234-491: A publicly listed company and delists the firm after the purchase. To complete its investments, a private equity firm will raise funds from large institutional investors, family offices and others pools of capital (eg also other private-equity funds ) which supply the equity . The money raised, often pooled into a fund, will be invested in accordance with one or more specific investment strategies including leveraged buyout , venture capital , and growth capital . Although

260-529: The United States and Canada . The company provides monthly analysis and data for all aspects of the construction industry. CMD also provides a detailed view of construction activity, including historical data, current-year projections and a five-year forecast. Their research helps customers forecast to find those market segments experiencing the greatest growth and plan tactical marketing strategies. In October 2009, Reed Construction Data filed suit in federal court against McGraw-Hill Construction , charging that

286-416: The Partnership Act never apply. By default, each general partner has an equal right to participate in the management and control of the business. Disagreements in the ordinary course of partnership business are decided by a majority of the partners, and disagreements of extraordinary matters and amendments to the partnership agreement require the consent of all partners. However, in a partnership of any size

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312-410: The basic form of partnership under common law , is in most countries an association of persons or an unincorporated company with the following major features: It is a partnership in which partners share equally in both responsibility and liability. Partnerships have certain default characteristics relating to both (a) the relationship between the individual partners and (b) the relationship between

338-517: The broader private equity industry two distinct sub-industries, leveraged buyouts and venture capital , grew along parallel tracks. In its early years through to roughly the year 2000, the private equity and venture capital asset firms were primarily active in the United States. With the second private equity boom in the mid-1990s and liberalization of regulation for institutional investors in Europe,

364-425: The business are owned on behalf of all partners, and they are each personally liable, jointly and severally , for business debts, taxes or tortious liability. For example, if a partnership defaults on a payment to a creditor, the partners' personal assets are subject to attachment and liquidation to pay the creditor. By default, profits are shared in accordance with the proportion of capital contribution amongst

390-543: The company's Dodge Report had unlawfully accessed confidential and trade secret information from Reed since 2002 by using a series of fake companies to pose as Reed customers. The lawsuit, filed in the U.S. District Court for the Southern District of New York , sought an unspecified amount in lost profits and punitive damages, trial by jury, and injunctive relief as a result of Dodge's misuse of proprietary construction project information, and that Dodge allegedly manipulated

416-412: The industry has developed and matured substantially since it was invented, there has been criticism of private equity firms because they have pocketed huge and controversial profits while stalking ever larger acquisition targets. The history of private equity firms has occurred through a series of boom-and-bust cycles since the middle of the 20th century with significant growth since the 1980s. Within

442-479: The information to create misleading comparisons between Dodge's and Reed's products and services in an effort to mislead the marketplace. In 2016, CMD Group became a part of ConstructConnect as part of a merger with iSqFt , BidClerk, Construction Data . This article about a United States publishing company is a stub . You can help Misplaced Pages by expanding it . Private equity firm A private equity firm or private equity company (often described as

468-552: The naming similarities. In Scotland partnerships do have some degree of legal personality. Japanese law provides for Civil Code partnerships ( 組合 , kumiai ) , which have no legal personality, and Commercial Code partnership corporations ( 持分会社 , mochibun kaisha ) , which have full corporate personhood but otherwise function similarly to partnerships. In December 2002 the Netherlands proposed to replace their general partnership, which does not have legal personality, with

494-800: The operations of a specific company. Where private equity firms take on operational roles to manage risks and achieve growth through long-term investments, hedge funds more frequently act as short-term traders betting on the up or down sides of a business or of an industry sector's financial health. According to Private Equity International 's PEI 300 ranking, the largest private equity firms include The Blackstone Group , Kohlberg Kravis Roberts , EQT AB , Thoma Bravo , The Carlyle Group , TPG Capital , Advent International , Hg , General Atlantic , Warburg Pincus , Silver Lake , Goldman Sachs Principal Investment Group and Bain Capital . These firms are typically direct investors in companies rather than investors in

520-500: The partner's "transferable interest" to satisfy a judgment. While France , Luxembourg , Norway , the Czech Republic and Sweden also grant some degree of legal personality to business partnerships, other countries such as Belgium , Germany , Italy , Switzerland and Poland do not allow partnerships to acquire a separate legal personality, but permit partnerships the rights to sue and be sued, to hold property, and to postpone

546-487: The partners to form a partnership. A partnership does not also required to be registered, however an unregistered partnership has a number of limitation regarding enforcing its rights in any court. A partnership is considered as a separate legal identity (i.e. separate from its owners) in Bangladesh only if the partnership is registered. There must be a minimum of 2 partners and maximum of 20 partners. In England and Wales ,

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572-532: The partners. However, a partnership agreement will almost invariably expressly provide for the manner in which profits and losses are to be shared in accordance with that proportion. Liability, on the other hand, will not be shared equally unless express provisions indicate such possibility. Each general partner is deemed the agent of the partnership. Therefore, if that partner is apparently carrying on partnership business, all general partners can be held out as partners for his dealings with third persons. By default

598-449: The partnership agreement will provide for certain electees to manage the partnership along the lines of a company board. Unless otherwise provided in the partnership agreement, no one can become a member of the partnership without the consent of all partners, though a partner may assign his share of the profits and losses and right to receive distributions ("transferable interest"). A partner's judgment creditor may obtain an order charging

624-407: The partnership and the outside world. The former can generally be overridden by express agreement between the partners. Whilst the latter is in general hardly varied, a careful draft would oust certain kinds of third party liability. A clause can contain that only the negligent partners can be sued and it is the wrongdoers that pay damages to victims only. Subject to contrary agreement, the assets of

650-577: The private equity asset class, and for the most part the largest private equity investment firms focused primarily on leveraged buyouts rather than venture capital . Preqin ltd (formerly known as Private Equity Intelligence), an independent data provider, provides a ranking of the 25 largest private equity investment managers . Among the largest firms in that ranking were AlpInvest Partners , Ardian (formerly AXA Private Equity), AIG Investments , Goldman Sachs Private Equity Group, and Pantheon Ventures . Because private equity firms are continuously in

676-534: The process of raising, investing, and distributing their private equity funds, capital raised can often be the easiest metric to measure. Other metrics can include the total value of companies purchased by a firm or an estimate of the size of a firm's active portfolio plus capital available for new investments. As with any list that focuses on size, the list referenced above does not provide any indication as to relative investment performance of these funds or managers. General partnership A general partnership ,

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