The New York City Retirement Systems, the $127 billion group of municipal pensions overseen by the city comptroller’s office, made an impressive $1.1 billion in commitments to five private equity funds in the first quarter, according to Stephanie Hoo, a senior press officer. According to sister magazine, Buyouts, the funds are managed by The Carlyle Group, Platinum Equity…
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ACON Investments has acquired Suzo-Happ Group from Pfingsten Partners. Financial terms weren’t announced. Mount Prospect, Ill.-based Suzo-Happ supplies components and accessories to the gaming, amusement and industrial markets. PNC Bank and Cerberus Business Finance provided financing. Brian Richards and Kimberly Smith of Paul Hastings represented Pfingsten. PRESS RELEASE ACON Equity Partners III, L.P., a private [...]
ACON Investments and MidOcean Partners have merged portfolio companies, Fairway Outdoor Advertising and Olympus Media. Financial terms were not announced. The combined company, Fairway Media Group, of Greenville, S.C., has more than 21,300 bulletin and poster displays in 17 states across the Southeast and Midwest. PRESS RELEASE ACON Investments and MidOcean Partners announced today that [...]
ACON Latin America Opportunities Fund, a private equity fund managed by an affiliate of ACON Investments has acquired a controlling stake in Panama-based Hidrotenencias. ACON led a consortium of co-investors including the Netherlands Development Finance Company and Société de Promotion et de Participation pour la Coopération Economique. Hidrotenencias owns three hydroelectric projects located in the [...]
Energy-focused buyout firm Tenaska Capital Management LLC is preparing to raise its third fund, Buyouts magazine is reporting.
ACON Investments has raised $400 million so far for its latest fund, sister publication Buyouts reported, citing a source close to the effort. The haul puts the Washington, D.C-based firm well on its way to its $600 million target. The firm started reaching out to potential new investors for the fund, ACON Equity Partners III [...]
TPG Capital expects to open an office in Houston next month, a source told Buyouts. It’s hardly a geographic leap, considering TPG is based in Fort Worth. But it’s indicative of the firm’s heightened interest in energy and power, among the most popular sectors for PE firms of late. From Oct. 1, 2009 through Sept. [...]
ACON Investments plans to hold a first close of more than $200 million on its third fund sometime in the next couple of weeks, Buyouts reported earlier today, citing two sources. Such a closing suggests ACON is off to a promising start in raising capital for its third fund, for which it hopes to raise [...]
ACON Investments, a firm whose investors include TPG Capital founder David Bonderman, has started reaching out to potential new investors for its third fund, Buyouts reported earlier today, citing a source briefed on the firm’s plans. The firm, with offices in Washington, D.C., Los Angeles and Madrid, is seeking $600 million for the fund, ACON [...]
ACON Investments LLC, the Washington, D.C. investment firm, has established Saga Resource Partners as a holding company for its acquisition of assets from Saga Petroleum Corp. and other natural gas assets it acquired from an undisclosed seller. ACON led an investor group comprised of the management team of Saga Petroleum Corp., GCP Capital Partners, Wells Fargo Energy Capital, Inc. and Société Générale Investment Corporation in financing the acquisitions. Terms of the transaction were not disclosed.