PE HUB sat down with John Martin and Dave Brackett, managing partners and co-chief executive officers of Antares Capital, to discuss the state of the lending markets, the Trump effect and their outlook heading into 2017.
Buyouts is now accepting nominations for its 17th annual Deal of the Year awards, honoring exceptional buyouts that were fully or mostly realized in 2016.
The feeling is, the industry has come so far along this path of transparency, it would be a mistake to walk any of the progress back.
I believe Judge Jed Rakoff should ignore federal sentencing guidelines and show some mercy on Andrew Caspersen, the former private equity restructuring guru who got caught running a sham $38.5 million investment scheme.
CVC Capital Partners and former managing director Lisa Lee issued a joint statement Thursday that the two sides reached a confidential agreement to resolve Lee’s sexual discrimination claims.
Dyal Capital Partners acquired a minority stake in Silver Lake, the firm announced Tuesday.
Observable Networks, a network security company, completed a $2 million financing round with participation from MK Capital. Observable Networks will use the funding to grow sales and marketing.
Silverfleet Capital agreed to take a majority stake in the aerospace division of Avingtrans Plc (Sigma), which makes components for the commercial aerospace sector. Silverfleet will buy the stake for an enterprise value of 65 million pounds. Existing management will retain a minority interest.
Middle market firm Insignia Capital Group hired American Securities vice president Julian Hinderling as a vice president. Insignia, based in San Francisco, also hired Seun Svensson-Sodipo as a vice president, Aaron Keller as an associate and Paige Rasmussen as an administrative assistant. Svensson-Sodipo will join Insignia this summer. She previously worked as an investment associate at Helios Investment Partners.
The Abraaj Group exited its investment in Tunisian pharmaceutical company Unité de fabrication de médicaments through an initial public offering on the Tunis Stock Exchange. The IPO, the first in 2016 on the Tunis exchange, was priced at 11.8 Tunisian Dinars per share, implying a market cap of TND 300 million (about $150 million). Abraaj invested in Unimed in 2011.
Warburg Pincus acquired DocuTAP, Inc., a provider of healthcare software for urgent care. Terms of the deal were not disclosed.
Clearlake Capital-backed Swiss Watch International, Inc., named Keith Bradley as chief executive officer and Russell Ackner as chief marketing officer. Both appointments are effectively immediately. Bradley is a Clearlake operating advisor, while Ackner is returning to Swiss Watch, having previously spent more than three years as a vice president of marketing.
First Read kicks off Hump Day w/ news acidic oceans eat the coral reef in the Florida Keys, Apple hires Nest’s head of tech and Wired kicks off inaugural sci fi book club.
Golden Gate Capital-backed PetroChoice acquired Universal Lubricants’ oil business from Pegasus Capital Advisors. PetroChoice, which provides lubrication for industries like agriculture, heavy industry and mass transit, will add 15 distribution locations with the acquisition. Terms were not disclosed.
Strattam Capital completed a majority investment in Blacksmith Applications, Inc., a software-as-a-service platform for the consumer packaged goods industry. Strattam made the investment alongside Blacksmith’s management, led by founder and CEO Paul Wietecha. Terms of the deal were not disclosed.
To kick off your Tuesday, First Read has news Bitcoin Foundation chief scientist believes Craig Wright created bitcoin, hottest GPs dictate terms and startups try to make gas stations obsolete.
Goldman Sachs Merchant Banking and Silverfern agreed to acquire Continental Bakeries from NPM Capital. The deal is subject to routine regulatory clearances. Continental Bakeries specializes in private label biscuits, bread replacements and toasts.
Clayton Dubilier & Rice agreed to buy Kalle GmbH, which makes artificial casings for meat processing. Terms of the deal were not disclosed. CD&R Partner Vindi Banga will become chairman of Kalle at the close of the transaction, which is expected in the first half of 2016.