new dawn

peHUB First Read

Catch up on the latest midweek news including a first close for Bridge Growth’s inaugural fund, HarbourVest’s latest results, RBS’ spin-out reborn as Pollen Street Capital and who the VC credit crunch conquerors are.


Siguler Guff hires Credit Suisse executive Remy Kawkabani

Siguler Guff & Company has hired Remy Kawkabani as managing director and head of Europe, the Middle East and Africa. Kawkabani will be based in London and lead the firm’s European business. Prior to Siguler Guff, Kawkabani held several senior roles at Credit Suisse. Most recently, he worked as managing director and chief executive officer of Credit Suisse Asset Management for the EMEA region.

first read march 27

peHUB First Read

Catch up on the latest midweek headlines including secondaries leading the way for Santa Barbara pension, 2009 vintages pulling out the performance stops and which countries are leading the way in creating new drugs.

Actress Jennifer Lawrence attends the "X-Men: Days of Future Past" world movie premiere in New York

peHUB Second Opinion

In Second Opinion, Apple denies that an iCloud breach caused the theft of celebrity nude photos, Credit Suisse investigates two traders on its European equities sales team in London and FanDuel raises $70 mln.


PE-backed Omnitracs agrees to buy XRS Corp

Omnitracs, a portfolio company of Vista Equity Partners, said Monday that it has agreed to acquire XRS Corp for $178 million in equity or $5.60 per share. The deal is expected to close in the fourth quarter of this year. Jefferies served as financial advisor to Omnitracs while William Blair was financial advisor to XRS Corp. Royal Bank of Canada, Credit Suisse and Guggenheim are providing financing for the deal. Based in Eden Prairie, Minnesota, XRS is a provider of mobile fleet optimization software.


GTCR completes Cole-Parmer acquisition

GTCR said Monday that it has closed its buy of Cole-Parmer from Thermo Fisher. No financial terms were disclosed; however, Credit Suisse and Goldman Sachs provided financing for the deal. Headquartered in Vernon Hills, Illinois, Cole-Parmer is a maker of specialty laboratory equipment, instruments and supplies.


VTTI rolls out IPO

VTTI has launched its IPO of 17.5 million shares at $21 per share. The stock began trading Friday on the NYSE under the ticker symbol “VTTI.” Citigroup, J.P. Morgan, BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities and Wells Fargo Securities are the lead underwriters. VTTI is a limited partnership that owns, develops and acquires refined petroleum product and crude oil terminaling and related energy infrastructure assets.

First Read

peHUB First Read

This Tuesday morning First Read brings you news of Blackstone’s great Hilton gain and its Patria fund surpassing target, how familiarity breeds in the alternative investment world, Nevada’s venture bets and Illinois State Board of Investment recruitment.

NBA basketball player Anthony poses at Nickelodeon's Kids' Choice Sports 2014 award show in Los Angeles

peHUB Second Opinion

In Second Opinion, Facebook’s buy of Oculus VR closed, the latest startup thriller, Yahoo is buying Flurry and Netflix ends Q2 with 50.05 mln subscribers. Plus, what is CNN worth?


Buyout loan trends may reflect Fed, OCC disparities: TRLPC

Scrutiny by U.S. regulators is reshaping the leveraged loan market as bankers complain that the Office of the Comptroller of the Currency enforces leveraged lending guidance more stringently than the Federal Reserve, sister service Thomson Reuters Loan Pricing Corp reports.


CEREIM closes $400 mln for debut fund

Cypress Equities Real Estate Investment Management, an affiliate of Cypress Equities, said Wednesday that it has raised $400 million in the final close of its first fund. According to the firm, its LP base includes public and corporate pensions, sovereign wealth funds, endowments, foundations, family offices and fund of funds investors. Credit Suisse served as a placement agent for the fund.

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