Posted on: October 17, 2012 by Luisa Beltran
Just months after closing their $3 billion buy of TransUnion, Advent International and GS Capital are getting some of their money back. TransUnion plans to issue $400 million of PIK toggle notes that will be used to pay out a dividend to shareholders, according to Moody’s Investors Service and Standard & Poor’s Ratings Services.
Tags: Advent International, GS Capital, TransUnion
Posted on: October 16, 2012 by reuters-news
Japanese financial services firm Orix Corp and Australian bank Macquarie Group Ltd have emerged as leading candidates to buy the asset management arm of Dutch bank Rabobank, Robeco, writes Reuters. The Netherlands-based retail bank also received bids from a private equity consortium of Advent International and CVC Capital Partners and Boston-based asset manager AMG partnered with buyout firm Permira, Reuters previously reported.
Tags: Advent International, AMG, CVC Capital Partners, Permira, Rabobank, Robeco
Posted on: September 26, 2012 by asormani
Ecorse Investments, a company indirectly owned by funds managed by Advent International has reached a binding agreement with Krzysztof and Marzena Gradecki regarding the sale of their stake in EKO Holding Group, the Polish supermarket chain. Krzysztof and Marzena Gradecki are the majority shareholders who currently own 55% of the shares in the business.
Tags: Advent International, Ecorse Investments
Posted on: September 20, 2012 by reuters-news
Private equity firms Advent International and Rhone Group have emerged as the lead bidders for Cytec Industries Inc‘s coating resins business that could fetch around $1 billion, writes Reuters. The specialty chemicals company has narrowed the list of potential buyers to Advent and Rhone after reviewing final bids, and is expected to make a decision about a buyer soon, writes Reuters.
Tags: Advent International
Posted on: September 18, 2012 by Luisa Beltran
The auction of TransFirst gears up and bids are due Oct. 1. Welsh Carson is the seller. Also, BluePay is on the auction block. Goldman Sachs is an investor.
Tags: Advent International, Bain Capital, Blackstone Group, BluePay, Carlyle Group, Goldman Sachs, GTCR, Hellman & Friedman, Silverlake, TransFirst, Welsh Carson Anderson & Stowe
Posted on: September 17, 2012 by asormani
Euro-denominated buyout funds, which play a prominent role in CPP Investment Board’s portfolio, have provided some solid returns over the years. But there is one player that shines above the rest, according to the Buyouts performance database.
Tags: Advent International, AlpInvest, Apax Partners, BC Partners, Bridgepoint, Cinven, CPP Investment Board, CVC, PAI Partners, Partners Group, Permira, Terra Firma
Posted on: September 10, 2012 by asormani
It’s direct energy investments that are boosting The Public Employee Retirement System of Idaho’s private equity portfolio, according to its Private Equity Performance Summary by Investment.
Tags: Advent International, Apollo, Blackstone, Blue Water Energy, Bridgepoint, CVC, Providence, TPG
Posted on: July 19, 2012 by Luisa Beltran
Five Below IPO rockets nearly 60% and Advent, with a less than 2 year hold, could make 4.4x the money it invested.
Tags: Advent International, LLR Partners
Posted on: July 11, 2012 by asormani
Turnaround and recovery funds of 2001 and 2002 vintage are the money spinners for CalPERs as of its most recent private equity performance report. European-headquartered firms also make up almost half of the top ten performers for CalPERS for this period.
Tags: Advent International, Blackstone, CalPERS, Clessidra, CVC, Permira
Posted on: July 9, 2012 by Luisa Beltran
Madison Dearborn looks like it will exit Bolthouse Farms after a near seven-year hold.
Tags: Advent International, Ares Management, Blackstone Group, Credit Suisse, Goldman Sachs, Madison Dearborn Partners