PE HUB Wire Highlights, 10.30.18


Photo of Luisa Beltran, PE HUB Senior Editor, courtesy of Buyouts Insider.

Hellman & Friedman Fund IX raises $16 bln; WayPoint Capital recaps One Homecare; Capital Constellation backs Motive Partners

It’s a big day, Hubsters. I’ll be attending Independent Sponsor Connect at the Harvard Club later (and looking to finish up my morning missive early). We’ll be hearing from an assortment of GPs and I’ll probably get some Key Lime Pie. If you haven’t tried the Key Lime Pie at the Harvard Club, you are missing something. It’s delicious. You’re welcome, Hubsters.

You know we talk about big issues here. What’s your favorite pie? Email me at lbeltran@buyoutsinsider.com

We also have private equity news this morning. Hellman & Friedman has raised $16 billion for its latest flagship, according to an SEC filing. This is the second largest buyout fund raised by H&M, the Wall Street Journal reported. Check out our brief here.

Brookfield Asset Management Inc is near a deal to buy the auto-battery business of Johnson Controls International PlcReuters is reporting. The deal is valued at between $13 billion to $14 billion.

Stone Point Capital is buying Rialto Investment and Asset Management from Lennar Corp for $340 million. Lennar is keeping its Rialto mortgage finance business as well as fund investments (valued at $294 million as of August 31, 2018) along with its carried interests in various Rialto funds, and investments in other legacy Rialto balance sheet assets. See our brief here.

News from Buyouts/VCJOne Homecare Solutions, which coordinates infusion care, nursing services and delivery of durable-medical-equipment services in the homes of its member-patients, was up for sale earlier this year and has found a buyer, Sarah Pringle is reporting. Find out who that is here.

I’ve got a story on how Lincolnshire Management Inc has sold the 115-year old Holley Performance Products after five years to Sentinel Capital PartnersCheck out how well Lincolnshire did on the deal here.

Active LPsCapital Constellation, a collaboration of Alaska Permanent FundRMPI Railpen, the U.K.’s largest pension fund, and investment adviser Wafra on behalf of Public Institution for Social Security of Kuwait, has backed Motive Partners in its third deal this year, Preeti Singh is reporting.

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