Frontenac Co., a 41-year-old firm that has faced serious challenges in the last decade, is making headway on its tenth fund.
GI Partners is preliminary discussions with its investors about raising its fourth flagship buyout fund, which will likely seek $1.5 billion. Unlike GI Partners’ previous funds, which targeted deals in the U.S. and Europe, Fund IV will target deals only in North America.
Joseph Massoud, the co-founder of buyout firm Compass Group Management, settled insider trading charges the Securities and Exchange Commission had brought against him.
The Carlyle Group has closed an energy-focused mezzanine fund, the first energy fund the firm has ever raised by itself. But the fund also raises questions about how the firm is approaching the booming energy industry following its long partnership with Riverstone.
Mid-market buyout shop Corinthian Capital Group LLC is prepping its sophomore fund.
Sovereign wealth funds and other new investors, as well as a staff build-out, enabled Advent International to close its seventh global buyout fund with €8.5 billion ($10.8 billion) in commitments.
With estimates of Hurricane Sandy damage hovering around $20 billion, the catastrophe could be a boon to construction-related portfolio companies. Indeed, construction company executives are already examining affected areas and some are even worried about finding enough workers fast enough, The New York Times reported Oct. 31. PE firms and their portfolio companies could […]
Buyout firms eyeing growth opportunities have delved into the automotive sector in recent months, betting that the industry will continue to rebound from its near-death experience in the financial crisis.American Securities, The Carlyle Group, Madison Dearborn Partners, and TPG Capital are amount those investing in a sector dominated during the downturn by turnaround firms like KPS Capital Partners and Sun Capital Partners.
Valor Equity Partners, a firm whose portfolio includes an electric car maker and a company that builds spacecraft and rockets, is getting ready to raise its third fund.
Brentwood Associates will start raising its fifth fund in the next few weeks, seeking $500 million.
Riordan Lewis & Haden Equity Partners has raised $260 million for its third buyout fund, and is planning on closing the fund in February, Buyouts reported earlier today, citing a source close to the process. The firm, which has surpassed its $250 million target for the fund, could close it at as much as $335 […]
Bruce Rauner, an early partner with Chicago-based GTCR LLC, is widely believed to be weighing a bid for governor of Illinois in 2014 on the Republican ticket. For years he’s been deeply involved in public service in Chicago, most notably in helping to push education reform in 2011 and, recently, criticizing the Chicago Teachers Union over the recent strike there.
Seven Mile Capital Partners is close to selling a portfolio company for the first time under its new banner, which could help it as it seeks to raise its first independent fund.
Veritas Capital Management partners are getting down to the difficult task of assessing the firm’s future following the unexpected death of firm Founder and Chairman Robert McKeon, who committed suicide at his Connecticut home on Sept. 10, peHUB sister pub Buyouts reported earlier today.
GTCR LLC has agreed to sell Landmark Aviation to The Carlyle Group for $625 million, which would generate a modest return.
Court Square Capital Partners has raised more than $2.2 billion in commitments for its third fund, which it will likely finish raising by the end of the year.
TorQuest Partners Inc. has raised more than C$400 million ($405.7 million) for its third fund, Buyouts reported recently, citing a source close to the fundraising effort. The Toronto-based firm is seeking to raise C$550 million, which is the same amount it raised for its previous fund in 2006. Previous investors have included MassPRIM, Kensington […]
Siris Capital Group expects to close its debut fund at $600 million around Thanksgiving, $200 million more than its target, Buyouts reported yesterday, citing a source. The firm has raised $370 million so far and is expecting another close in September that would take it to as much as $450 million, which would exceed its […]