Private equity investment firm Welsh Carson Anderson & Stowe has inked a stake in GlobalCollect, a provider of local e-payment services. The firm is buying a majority stake from growth equity firm General Atlantic. The terms of the transaction were not disclosed.
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What stories did your colleagues find to be must-read this past week? Below are the 10 posts that were most popular with regular readers of peHUB:
Miami Shop Eyes $450 Million for Growth Buyouts, by Bernard Vaughan
Arsenal Capital to Reload with Fund III, by Jon Marino
Banned for Life: Catching up with Entrepreneur Noah Kagan, by Connie Loizos
As Froth Makes Comeback, So Does ‘Sudden Wealth Syndrome,’ by Connie Loizos
BrightSource IPO Could Make Big Winners of VantagePoint, DFJ, by Mark Boslet
Welsh Carson Looking for “Toeholds”: Queally, by Bernard Vaughan
CI Capital Raises $620M for Roll-Up Deals, by Steve Bills
Poll Results: Majority Believes White iPhone 4 Will Be Released But Most Would Still Buy iPhone 5, by Luisa Beltran
Tony Roma’s, Known for Its Ribs, is Up for Sale, by Luisa Beltran
Patria, Backed by Blackstone, Seen Smashing $900M target of Fourth Fund, by Luisa Beltran
Welsh Carson Anderson & Stowe, which typically does buyouts, is currently looking at several minority investments in public companies, Paul Queally, co-president of the firm, said during the closing panel at today’s Buyouts New York conference. “You might see some 13-Ds from us,” Queally said, in response to a question on opportunities the firm is [...]
Oxford Finance, a company that makes loans to life science and healthcare companies, has raised $460 million from Sumitomo Corp. and private equity firm Welsh, Carson, Anderson & Stowe, Reuters reported. Oxford Finance has been majority-owned by Sumitomo since 2004. The company will use the new money, in part, to expand its portfolio.
It all started with a letter. Rob Morris didn’t even expect a reply.
“I viewed it in my mind like writing the ex-girlfriend one last letter, and I would never hear from the person,” said Morris, the managing partner of Olympus Partners, a buyout shop in Stamford, Conn.
Morris had no connections to Spencer Bachus, the letter’s intended recipient and the chief candidate to become chairman of the House Financial Services Committee after the GOP took the House of Representatives last November. In fact, Morris had no experience dealing with Washington, D.C.
But Morris had been studying provisions of the Dodd-Frank financial reform law that would require private equity firms to register as investment advisers, and the registration provision struck him as a waste …
It looks like the campaign against SEC registration is gaining momentum. The House Financial Services Committee will hold a hearing next Wednesday, March 16, to review draft legislation to exempt advisers to private equity funds from the Dodd-Frank Act, according to a House staff source, Buyouts is reporting. The bill would seek to restore the [...]
Could 2011 be the year big buyout shops start buying small firms? Paul Queally, co-president of Welsh Carson Anderson & Stowe, predicted at the Dow Jones Private Equity Analyst Outlook conference that this would be the year we would see at least one such deal, and his rationale is intriguing. For smaller firms, the cost [...]
This fall, the GOP won back the U.S. House of Representatives, snagged several Senate seats and assumed control of more state legislatures than at any time since 1928. Now, judges in red states are calling the constitutionality of ObamaCare into question and Republican lawmakers are pledging to take down the landmark healthcare bill, either piecemeal [...]
New York-based private equity firm Welsh, Carson, Anderson & Stowe has named William Eisenbeis to the post of senior industry executive. At the firm, Eisenbeis will focus on financial technology and services investments, helping source deals, conducting due diligence and monitoring portfolio companies. Previously, Eisenbeis was head of the principal strategic investments group at Citadel.
Humana said Monday that it has signed a deal to buy Concentra for about $790 million cash. The seller is Welsh Carson, a New York PE firm, that bought Concentra in 1998. Addison, Texas-based Concentra provides occupational medicine, urgent care, physical therapy and wellness services to workers and customers from more than 300 medical centers in 42 states. The sale is expected to close in December. News of the Concentra auction was reported by peHUB in September.