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Jobs of the Week: Lucky Dip

Posted on: February 7, 2013 by asormaniNo Comments »

This week peHUB has selected a handful of job opportunities that have jumped out as not to be missed. Scroll down below to find out what’s on the job board this week.

American Public Education Elects Milestone Partners’ Andersen to the Board

Posted on: June 21, 2012 by asormaniNo Comments »

American Public Education has appointed Eric C. Andersen to its board of directors. Andersen is a partner with Milestone Partners, a lower middle market private equity firm that specializes in making control equity investments in established operating businesses. PRESS RELEASE American Public Education, Inc. APEI +1.37% today announced the election of Eric C. “Ric” Andersen [...]

Philly Shop Nears Halfway Mark On Fund IV

Posted on: February 10, 2012 by Bernard VaughanNo Comments »

Milestone Partners has raised about $150 million for its fourth fund, Buyouts reported yesterday, citing a source close to the firm’s plans. Executives at the Radnor, Pa.-based shop are targeting $350 million for the fund, Milestone Partners IV LP. The firm has also hired Capstone Partners, a Dallas-based placement agent with offices in Europe and [...]

Milestone Partners Plots New Fund

Posted on: June 22, 2011 by Luisa BeltranNo Comments »

Milestone Partners is expected to start fundraising for its latest pool this summer, a source says.

Radnor, Pa.-based Milestone, a lower middle market firm, is looking to raise $350 million, according to the source and a June 2011 document from Pennsylvania’s Public School Employees’ Retirement System (PSERS). Milestone Partners IV LP has a $450 million hard cap, PSERS says.

The firm’s last fund, Milestone III, raised $240 million in 2008, while the second fund collected $120 million in 2004. Milestone II has a 24.1% IRR while the third fund has an 8.7% IRR, PSERS says (PSERS invested about $30 million in fund II and $60 million in fund III), the document says.

Philly Pro Launches Smaller Shop To Avoid Registration

Posted on: March 9, 2011 by Bernard VaughanNo Comments »

Bob Levine has left Milestone Partners, the Radnor, Pa.-based buyout firm he co-founded in 1995, to start his own shop in part to avoid regulation by the Securities and Exchange Commission. L2 Capital, also based in the Philly suburb of Radnor, will make equity investments of $1 million to $15 million in manufacturing, distribution and [...]

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by Eamon

Milestone Partners Names Ric Andersen As A Partner

Posted on: January 18, 2011 by EamonNo Comments »

Milestone Partners hired Ric Andersen as a partner and a member of the firm’s senior leadership team He will also serve on the firm’s investment committee. Andersen is a former managing director at Silver Lake Partners.

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by cnolan

Learn It Systems Seals Funding from Milestone Partners

Posted on: November 30, 2010 by cnolanNo Comments »

Learn It Systems, an educational services company based in Baltimore, has raised an undisclosed amount of financing from venture firm Milestone Partners. The company will use the majority of the financing to buyout a founding shareholder, the company said. Milestone is based in Radnor, Penn.

Milestone Partners Selling Interconnect Devices for $185 Million

Posted on: March 22, 2010 by PEHub AdministratorNo Comments »

Milestone Partners has agreed to sell Interconnect Devices Inc., a provider of provider of spring contact probe based technologies, to a division of Smiths Group PLC. The deal is valued at $185 million in cash, and is expected to close next month.

Milestone Partners Completes Mariner Finance Buyout

Posted on: December 15, 2009 by PEHub AdministratorNo Comments »

Milestone Partners has completed its acquisition of Mariner Finance LLC from First Mariner Bancorp (NasdaqGM: FMAR). No financial terms were disclosed. Mariner Finance is a Baltimore-based provider of medium-term installment loans, related credit insurance and ancillary products to near-prime borrowers.

Closed: Milestone Partners

Posted on: November 10, 2009 by Erin GriffithNo Comments »

Milestone Partners III First Report: June 30, 2008: Milestone Raising Third Fund Milestone Partners is raising its third fund, according to a regulatory filing. The Pennsylvania-based lower middle market PE firm has a target of $240 million, which is double the size of its last fund (raised in 2004). According to the filing, dated April [...]