PE-backed Auction.com adds former Oracle CFO to board of directors

Auction.com has named Jeff Epstein to its board of directors. Epstein is the former chief financial officer for Oracle. Currently, he is an operating partner at Bessemer Venture Partners and a senior advice for Oak Hill Capital Partners. Auction.com, which is backed by Google Capital and Stone Point Capital, is an online real estate marketplace.


PE-backed Avolon snares $500 mln

Irish aircraft leasing company Avolon has received a $500 million debt facility. Credit Agricole CIB and Deutsche Bank AG were the joint lead arrangers on the financing. According to the company, the loan will be used to finance new aircraft deliveries in 2014. Avolon is backed by Cinven, CVC Capital Partners and Oak Hill Capital Partners.

Tribune To Acquire Local TV

Tribune Company is to acquire all of Local TV’s 19 television stations in 16 key markets for $2.725 billion in cash. Local TV is principally owned by Oak Hill Capital Partners.

Hillman Closes Paulin Acquisition

The Hillman Companies has completed the previously announced acquisition of H. Paulin & Co for a cash purchase price of C$27.60 per share. Shares are expected to cease to be listed for trading on the Toronto Stock Exchange. Hillman was acquired by Oak Hill Capital Partners in May 2010.

Is Wellspring Still Trying to Sell Checkers?

The status of the Checkers Drive-In Restaurants’ auction has come into question. Wellspring Capital Management has decided to pull the Checkers sale and is instead pursuing a dividend recap, three sources tell peHUB. But a different person maintains that the process is alive and bidders are still conducting due diligence.

Oak Hill Distributes Remaining EXL Position

Oak Hill Capital Partners has distributed its remaining equity interest in the corporate outsourcing business ExlService Holdings to its partners, or 5,542,504 shares of the company’s common stock in aggregate. Oak Hill is a New York-based private equity firm. PRESS RELEASE: Oak Hill Capital Partners, L.P. and Oak Hill Capital Management Partners, L.P. (collectively, the “Oak […]

Nokia Growth Partners Backs Oak Hill’s Intermedia

Intermedia, a Microsoft Exchange hosting provider, has received a strategic investment from Nokia Growth Partners, a global growth stage venture firm focused on mobile technology, services and media. In May 2011, Intermedia was acquired by Oak Hill Capital Partners. PRESS RELEASE Intermedia, a global leader in cloud services and the world’s largest Microsoft Exchange hosting […]

Oak Hill Capital Partners Exits Butler Schein Animal Health

Oak Hill Capital Partners has exited its investment in Butler Schein Animal Health, selling its stake to publicly traded Henry Schein Inc. for $155 million. Henry Schein now owns 71.5% of Ohio-based Butler Schein Animal Health.

PEHUB Community

Join the 12494 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget