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Trending on peHUB this week: Job openings at GE Capital and Fortress, keynote video of MDB’s John Canning, and Tim Draper’s big breakup plan.

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Trending on peHUB this week: Some big exits and improving fund returns have put venture capital back into the spotlight.

Exclusive: Madison Dearborn Won’t Sell TransUnion, Planning for IPO: Sources

(Reuters) – Private equity firm Madison Dearborn Partners has decided against selling TransUnion and will pursue a public offering for the credit reporting firm as originally planned, sources familiar with the matter said. A sale of the business, which competes with firms such as Experian Plc and Equifax Inc., was expected to fetch more than […]

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Yankee Candle Fires Up $300 Mln Dividend for Madison Dearborn

The dividends just keep rolling in.

Yankee Candle Co., which is backed by Madison Dearborn Partners, announced today that its owners will receive a $300 million payout.

YCC Holdings LLC, the indirect parent of Yankee Candle, intends to issue $300 million of senior notes in a private placement, according to a statement Wednesday. YCC expects to use the proceeds to make a distribution to Class A shareholders of Yankee Candle Investments.

First Wind Shelves Plans For IPO

Wind farm developer First Wind Holdings has put its IPO on hold after cutting it’s price range by 24%, Reuters reported. Boston-based First Wind, which is funded by private equity firm Madison Dearborn and hedge fund operator D.E. Shaw, originally aimed to raise $300 million from the offering. The company faced skepticism from investors due to a heavy debt load, Reuters reported.

Madison Dearborn Closes BWAY Buyout

Madison Dearborn Capital Partners has completed its take-private acquisition of BWAY Holding Co., a North American supplier of general line rigid containers. BWAY stockholders received $20 per share, for an enterprise value of approximately $915 million (including assumed debt). Bank of America Merrill Lynch and Deutsche Bank Securities provided leveraged financing.

Madison Dearborn Closes TransUnion Deal

Madison Dearborn Capital Partners has completed its acquisition of a 51% equity stake in consumer credit reporting company TransUnion from the Pritzker family, which will retain the other 49 percent. No financial terms were disclosed, although the Wall Street Journal previously reported that the deal values TransUnion at around $2 billion.

When Good Performance Is A Bad Thing (Part 2)

Last week we discussed the perils of earning returns too early. It’s happening in the distressed debt world, where firms have earned returns on funds that are still in the process of being raised. If the firm continues to raise capital, it will dilute the performance of the existing investors. Furthermore, new investors will need […]

As Expected, Madison Dearborn Closes Sixth Fund

Last year we reported that Madison Dearborn Capital Partners was stuck at “just a tick above $4 billion,” in its efforts to raise a sixth fund. Erin followed up in February, saying that a final close was expected by the end of April.

Now comes word, via Dow Jones, that the final close has indeed occured with $4.1 billion in capital commitments.

This is well below Madison Dearborn’s original $10 billion target, and not even close to its revised $7.5 billion target. More importantly, it signals that the Chicago-based firm hasn’t secured any significant new commitments in nearly a year (despite having hired Credit Suisse placement vet John Knutsen to succeed retired investor relations chief David Mosher).

Madison Dearborn Buys Majority Stake in TransUnion

Madison Dearborn Capital Partners has agreed to acquire a 51% equity stake in consumer credit reporting company TransUnion from the Pritzker family, which will retain the other 49 percent. No financial terms were disclosed, although the Wall Street Journal says the deal values TransUnion at around $2 billion.

BWAY “Go-Shop” Period Expires Without Rival Offer

BWAY Holding Co. (NYSE: BWY), a North American supplier of general line rigid containers, said that its “go-shop” period has expired without any rival offers to an existing $20 per share takeover agreement with Madison Dearborn Capital Partners. The deal values BWAY at approximately $915 million (including assumed debt). Bank of America Merrill Lynch and Deutsche Bank Securities will provide leveraged financing.

Madison Dearborn Buying BWAY for $915 Million

Madison Dearborn Capital Partners has agreed to acquire BWAY Holding Co. (NYSE: BWY), a North American supplier of general line rigid containers. The deal is valued at $20 per share, or approximately $915 million (including assumed debt). BWAY’s stock closed trading Friday at $17.35 per share. Bank of America Merrill Lynch and Deutsche Bank Securities have provided debt financing.

Cinemark Raises $660m, Madison Dearborn to Sell Shares

Cinemark Holdings, a publicly traded movie house operator, completed a $660 million fundraising from a joint venture between AMC and Regal Entertainment Group, led by JPMorgan and Blackstone Advisory Partners. The company’s backers, Madison Dearborn Capital Partners, Syufy Enterprises LP Mitchell Special Trust, will sell some of their shares, leaving Madison Dearborn with a 32.1% stake, Syufy Enterprises with 5.3% and the Mitchell Special Trust 4.9%.

Madison Dearborn Aiming to Close Fund in April

Madison Dearborn has been raising its sixth fund for just about as long as I’ve been at Thomson Reuters. But unlike my career (knock on wood), Madison Dearborn Capital Partners VI LP is approaching its close. According to a source familiar with the situation, the Chicago-based buyout firm is planning a final close in April, […]

What’s Up With Madison Dearborn?

Last year at this time, Madison Dearborn Capital Partners was one of the private equity market’s most talked-about firms. It and its consortium partners had just bailed on an agreement to buy Canadian telco BCE for C$34.8 billion, after failing to obtain positive solvency opinions. That move led BCE to sue for a C$1.2 billion breakup fee, which MDCP and its partners vowed to fight.

The Chicago-based firm also was in the midst of raising $7.5 billion for its sixth fund — down from an original $10 billion target — with around $4 billion already secured.

In 2009, however, MDCP fell off the front pages (including ours). It participated in very few deals — including no traditional LBOs we could find — and did not hold any substantive interim fund closes. In fact, the only time MDCP was the focus of a peHUB post was in June, when firm co-founder David Mosher resigned after a 17 year run (he was in charge of investor relations and other non-deal activities).

I spent some time speaking with sources close to the firm, and learned the following nuggets:

Report: Dave Mosher Leaving Madison Dearborn

David Mosher is leaving Madison Dearborn Capital Partners after 17 years, as first reported by The Chicago Tribune. Mosher is a firm co-founder and managing director, who focused on investor relations and other non-investing activities.

The report quotes Mosher as saying the following in a letter sent last week to investors: “Investor relations, finance, IT, and legal were all areas for which I had main responsibility for years. We’re pleased to have staffed out each of these functions with exceptional people.”

Some of those replacements include Credit Suisse vets John Knutsen and David Pequet, who are serving as head of investor relations and vice president, respectively.

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