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In Second Opinion, Portillos Hot Dogs finds a buyer, Leon Black does a VC art deal, Anthony Noto gets a job at Twitter and Rafael Nadal loses at Wimbledon.


Charterhouse Capital’s Pointwell Limited acquires Skillsoft

Dublin, Ireland-based education software provider Skillsoft said Monday that it has sold its subsidiaries to Pointwell Limited, which is backed by Charterhouse Capital Partners. No financial terms were disclosed. Deutsche Bank Securities advised Skillsoft on the deal while Ropes & Gray served as legal counsel. Barclays served as exclusive financial advisor to Pointwell Limited. Skillsoft was backed by Advent International, Bain Capital and Berkshire Partners.


Berkshire Partners and Glen Senk join forces

Berkshire Partners and Glen T. Senk, a retail and consumer executive are partnering to co-invest in high-growth retail and consumer businesses. Berkshire Partners has initially committed $350 million to future investments alongside Senk and his newly-formed firm, Front Row Partners, where he serves as chairman and CEO.

Wood Partners Sells Alta Aspen Grove to Berkshire Property Advisors – Corrected

Alta Aspen Grove, a 280-unit luxury garden-style apartment community in Littleton, Colo., has been sold by Wood Partners to Berkshire Partners Berkshire Property Advisors. Located on 17.5 acres at 7317 South Platte River Parkway in Littleton, Alta Aspen Grove was designed to be eco-friendly, transit-oriented and packed with high-end amenities. The Denver office of Moran & Company represented Wood Partners in the sale.

TransDigm Group Acquires AmSafe Global

TransDigm Group has acquired AmSafe Global, a supplier of proprietary safety and restraint equipment used primarily in the global aerospace industry. AmSafe is being purchased for approximately $750 million in cash from a group controlled by Berkshire Partners and Greenbriar Equity Group. PRESS RELEASE TransDigm Group Incorporated (NYSE: TDG) announced today a definitive agreement to […]

Ares Announced Three Deals from Q4

New York-based Ares Capital Corp. announced three financing commitments to new portfolio companies in the fourth quarter of 2011, totaling $640 million. The firm served as administrative agent, lead arranger and bookrunner in a senior secured credit facility to support the refinancing of Grocery Outlet Inc. by Berkshire Partners. The firm also acted as administrative agent in a second lien term loan to support the acquisition of Essent Healthcare by Warburg Pincus-backed RegionalCare Hospital Partners Inc. Finally, Ares served as administrative agent, lead arranger and bookrunner in a senior secured credit facility to support the acquisition of WorldStrides by The Carlyle Group.

Berkshire Promotes Whelan to MD

Berkshire Partners appointed E.J. Whelan an MD effective January 1. Whelan joined Berkshire in 2005 and has focused on consumer products, retail and business services companies.

ABRY, Berkshire Partners Complete Telx Deal

Boston-based investment firms ABRY Partners and Berkshire Partners have acquired The Telx Group Inc. Telx, based in New York, is a provider of global interconnection and colocation services. Terms of the transaction were not disclosed. Evercore Partners served as financial advisor to Telx on the transaction and Paul Hastings LLP served as legal advisor.

Wisconsin to Commit $6B+ to PE Through 2016

Following the best performance in 25 years for Wisconsin’s main pension fund, the State of Wisconsin Investment Board outlined long range plans to commit more than $6 billion to private equity through 2016, including $1 billion in both 2011 and 2012, rising to $1.4 billion per year in 2015 and 2016, according to a report by StepStone Group, Wisconsin’s private equity advisor.

Overall, the IRR for Wisconsin’s private equity portfolio was 12.9 percent for the year through March, beating the portfolio’s 12.1 percent benchmark, according to StepStone. Private equity returns for Wisconsin represented a gain of $949 million for the year.

Slideshow: Top 10 PE-Backed Companies Waiting To Go Public

Did broad market volatility last week slam shut the IPO window?

It’s not really clear. IPOs, in August, typically fall into a lull as much of Wall Street goes on vacation. Fourth quarter is usually the strongest time for new offerings. But August has been very slow. Eleven IPOs were pulled last week due to poor market conditions. Of these, four were PE-backed, according to Dealogic.

Carbonite, last week, succeeded in going public (shares of the company rose nearly 24%). Including Carbointe, only three deals have priced this month (SandRidge Permian Trust and American Capital Mortgage Investment Corp. are the other two). Only one other deal is on deck for August, Dealogic says.

It’s not clear what will happen to companies waiting to go pubic. There are 54 private equity-backed companies that have filed for IPOs this year, worth a combined $12.54 billion, Dealogic says. Last year at this time, we also had 54 PE-backed companies that registered for an offering, raising a combined $15.8 billion. This included HCA’s $3.5 billion deal.

The IPO window will likely open back up but it’s not clear what companies will be able to go pubilc. Of course, just because a company files for an IPO doesn’t necessarily mean it will go public. Many times, companies file and just sit in registration as they wait for the perfect time to IPO. Or, as they wait, they get sold.

Here’s a list of the top 10 PE-backed IPO’s that are currently in registration, according to Dealogic.

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