Oak Sells Exl Stock

Oak Hill Capital Partners has sold shares in provider of outsourcing and transformation services ExlService Holdings. ExlService did not receive any of the proceeds from the offering of shares by the selling stockholders. PRESS RELEASE ExlService Holdings, Inc. today announced the closing of the previously announced public offering of 2,000,000 shares of EXL’s common stock […]

Avolon Seals $300M from Singapore Gov’t

Aircraft leasing group Avolon has sealed a $300 million equity commitment from the Government of Singapore Investment Corp. Avolon has raised a total of $1.4 billion in equity capital over the past year and a half, from investors including private equity firms Cinven, CVC Capital Partners and Oak Hill Capital Partners.

Oak Hill Puts $55M in Southern Air

Oak Hill Capital Partners has put $55 million into Southern Air Holding, the companies announced Friday. Oak Hill Capital has been a majority investor in Southern Air since 2007. The new infusion will help Southern Air with its fleet renewal plans, and will be used for continued growth.

Dave & Buster’s Adds to Board

Dave & Buster’s, which is owned by buyout shop Oak Hill Capital Partners, has named Jonathan Halkyard and Kevin Sheehan to its board of directors. Halkyard is currently senior vice president and chief financial officer of Caesars Entertainment Corp., formerly known as Harrah’s Entertainment. Sheehan is currently the president and chief executive of Norwegian Cruise Lines.

Slideshow: PE Firms Chowing Down on Restaurants

Private equity firms can barely stop licking their chops — at least, at first. One after another, they’re either scoring mega multiples on, or backing the proverbial truck up for, restaurant deals (sometimes, in the same transaction). Financial sponsors are gobbling up listed restaurants and private companies, taking fried chicken joints and steakhouses to improve […]

Dave & Buster’s Files for $150M IPO

Restaurant and arcade chain Dave & Buster’s has filed to raise up to $150 million in an initial public offering, according to Reuters. The company was bought by Oak Hill Capital Partners in 2010 for $570 million. Goldman Sachs, Jefferies and Piper Jaffray will underwrite the IPO. After the offering Oak Hill and other investors will continue to retain a majority of the company, Reuters wrote.

Oak Hill Sells Primus in $900M Deal

Oak Hill Capital Partners will sell Primus International to Precision Castparts Corp. for $900 Million, the firm announced. Bellevue, Washington-based Primus is a manufacturer of aerospace components. Oak Hill Capital bought the company in 2006. The deal is expected to close during the third quarter.

Intermedia Acquires Cloud Services Startup Zlago

Intermedia, which manges 320,000 Microsoft Exchange mailboxes for some 38,000 small and mid-size customers, has acquired the cloud services provider Zlago of Washington, D.C. Zlago’s CEO, Michael Gold, joins New York-based Intermedia as president as part of the transaction. Terms of the deal were not disclosed, but Intermedia says the Zlago acquisition “was executed as part of […]

Oak Hill Buys Intermedia.net–UPDATED

Buyout shop Oak Hill Capital Partners will acquire cloud services company Intermedia.net Inc. Terms of the deal were not released. As part of the deal, Phil Koen, former chief executive of Savvis Inc., will join Intermedia as the new chairman and chief executive. Formed in 1995, Intermedia provides cloud-based business-class email services to small and medium-sized businesses. The transaction is expected to close during the second quarter. UPDATE: Aaron Hill, Jason Stack, Adam Chewning, Chris Fritz and Annie Wang of Stifel Nicolaus Wiesel provided financial advice to Intermedia.

Carlyle, Oak Hill Partner in North Carolina Bank Deal

Buyout shops Carlyle Group and Oak Hill Capital Partners will invest $155 million in the newly created FNB United Corp., which will bring together North Carolina lenders CommunityOne Bank and Bank of Granite, Reuters reported. Under the terms of the deal, Carlyle and Oak Hill will each own 24.9% of the venture. The combined FNB United will create a North Carolina lender with around $2.9 billion in assets and 63 bank branches, Reuters reported. As part of the deal, Granite shareholders will receive 3.375 FNB United shares for each share held.

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