Linsalata Capital Partners has held an additional close on its sixth buyout fund, bringing its total commitments to $413 million, sister magazine Buyouts reported earlier today, citing a senior executive familiar with the fundraising effort. The Mayfield Heights, Ohio-based buyout shop is thus fast approaching its target of $425 million for the fund, Linsalata Capital [...]
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Imagine trying to start a meeting with an executive of a company you might invest in. Then you hear the executive say, in effect, not so fast, he’s waiting for your male partner to arrive. That’s exactly what happened to Lauren Leichtman, co-founder and CEO of Levine Leichtman Capital Partners, the Beverly Hills, Calif.-based private [...]
(Reuters) – Ted Forstmann, the billionaire private equity investor and philanthropist, died on Sunday of brain cancer. He was 71. He was viewed as a pioneer of the leveraged buyout and took over companies such as Dr. Pepper and Gulfstream Aerospace through the private equity firm he co-founded, Forstmann Little & Co. He was also [...]
In the last six months, European buyout shop Permira has signed as many acquisitions in the United States—three—as it had in the entire eight years since first opening an office in New York in 2002, Buyouts writes in a profile of the firm published Monday.
The deals mark the culmination of an almost decade-long expansion that began with the New York office and continued with a Menlo Park office, opened in 2008. In between, in 2005, the firm hired Tom Lister, a 13-year veteran of Forstmann Little & Co., to lead the effort. Permira’s premise for its U.S. expansion was to help its European-based companies expand here and, eventually, to start buying U.S.-based companies the firm thought it could expand globally.
“We opened the New York office with definitely a ‘walk before you …
The state of Connecticut’s tempest-tossed private equity portfolio, lashed by scandals, bad bets and a hiatus from new commitments a decade ago, hasn’t performed as badly as you might think, although at least one secondary sale may mask some of the results. As of March 31 the $2.2 billion portfolio, with investments dating from 1987 [...]