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Yearly Archives: 2015
A U.S. hedge fund founder and former private equity executive was found shot to death in his Manhattan apartment on Sunday, and New York police are seeking his son for questioning, authorities said.
Berkshire Partners has promoted three people, Dave Bordeau, Marni Payne and Raleigh Shoemaker, to managing directors effective Jan. 1, 2015. They join a team of 19 current managing directors. Bordeau joined Berkshire in 2006 and has experience with the firm's consumer products, retail and business services companies. Payne joined Berkshire in 2000 as an associate and returned to the firm in 2004 after business school. She works with the firm's consumer products and retailing companies. Shoemaker joined the firm in 2006 focusing on business development activities. He became director of investor relations in 2013.
VSE Corporation, a Virginia-based technical services company, has acquired four business units from Newfoundland-based Killick Capital's Killick Aerospace group of companies for approximately $184 million, plus a potential $40 million premium pending certain milestones. The business units include Prime Turbines, CT Aerospace, Kansas Aviation and Air Parts & Supply. Killick Aerospace had previously received $160 million in a 2011 round of financing from Killick Capital, Roynat Capital and Alaris Royalty.
Middle market private equity firms are reinventing their organizations to ensure they see every relevant deal, says Peter Lehrman of Axial.
Onex has made an undisclosed investment in Advanced Integration Technology. Headquartered in Plano, Texas, AIT is a provider of automation and tooling, maintenance services and aircraft components for the aerospace sector.
In Second Opinion, we have Fred Wilson's 2015 predictions, Snapchat starts the year by raising $485.6 million in new funding and Bono says he may never play guitar again.
The Bank of Portugal said on Wednesday that 17 institutions have expressed interest in the sale of Novo Banco, the bank created after the collapse of Banco Espirito Santo in August.
Wasserstein has agreed to sell High Pressure Equipment Company to Graco for $160 million. The transaction is expected to be completed in the first quarter of 2015. Houlihan Lokey was financial advisor to HiP. Based in Erie, Penn., HiP is a maker of valves, fittings, tubing and accessories for high pressure applications.
Canadian private equity firm Onex has made an undisclosed investment in Advanced Integration Technology. Headquartered in Plano, Texas, AIT is a provider of automation and tooling, maintenance services and aircraft components for the aerospace sector.
Private equity firm BC Partners [BCPRT.UL] said on Wednesday it will sell a 40.25 percent stake in its supermarket chain Migros (MGROS.IS) to Turkish conglomerate Anadolu Endustri Holding AS, Reuters reported.