Bunker Hill Capital’s sale of Rizing produced a return of just over 4.5x, a source familiar with the matter told Buyouts. The company was purchased by One Equity Partners. The transaction represents the culmination of a strategy that began with Bunker Hill’s acquisition of /N SPRO, a Canadian SAP (Systems Applications and Products) consulting business, […]
Silversmith Capital Partners is seeking $650 million for its second fund, an SEC filing shows. The firm closed its first fund at the hard cap of $460 million in August 2015. That process took a little over three months. Silversmith did not return a request for comment. Placement agent Monument Group, which worked on the first […]
This week’s opportunities include M&A roles at Synchronoss Technologies and law firm Perkins Coie,
When William Kelly got his CPA as a young accountant at PwC, the moment itself was anticlimactic. “I had to study at night,” he recalled. “The day I passed, I’m not sure anyone said ‘congratulations.’ I didn’t get a raise, and I had more work to do. But I have zero regrets.” Looking back after three decades […]
Recently launched Hunter Street Partners is targeting opportunistic investments with operating partners in real estate and corporate and specialty finance. Neal Johnson, Hunter Street’s CEO and CIO, said the new firm is “a combination of a spinout of four of us that were together at Isles Ranch, and prior to that Värde, [and] five additional folks from […]
HC Private Investments made its first acquisition, buying Kruger Plastic Products, a custom injection molding manufacturer. Terms weren’t disclosed, but Managing Partners John Kelly and Matthew Moran told Buyouts the firm invested between $10 million and $30 million of equity. The deal included minor leverage, they said, with Wintrust Financial Corp providing debt financing. Kelly said the deal “aligns […]
This week’s opportunities include senior analyst roles at Mastercard and NYC Office of the Comptroller, as well as a director job at SVB.
Canada Pension Plan Investment Board committed $380 million into a restructuring deal that bought out existing limited partners in Enfoca funds and created a new vehicle to house remaining investments. CPPIB invested alongside Goldman Sachs in the transaction. The new vehicle created as part of the restructuring, Enfoca Discovery 2, has stakes in all seven […]
The five-member investment team of Aldea Capital Partners has joined Barings Alternative Investments, including co-founders Mina Nazemi and Patrick O’Hara and director Allen Ruiz. “The Aldea team has been integrated into the Barings platform,” Nazemi told Buyouts. She said the move will allow them to bring a “broader capability to clients beyond emerging managers,” a previous area of focus. Barings is part of the MassMutual Financial […]
High transaction multiples and a lack of quality assets in the market are the most significant challenges facing PE this year, a PitchBook survey shows. The research firm in October and November collected forecasts for 2018 from dozens of dealmakers. Access to financing was ranked as the least important challenge, unsurprisingly, with interest rates having been so […]
Searchlight Capital Partners is teaming with investment and merchant bank LionTree to offer financing for growth companies in the technology, media and telecom sectors, the latter firm’s specialty. The partnership, called LightTree Capital Solutions, “will provide a distinct alternative to traditional venture capital and bank financings,” the firms said in a statement. LionTree Founder and CEO Aryeh B. Bourkoff […]
This week’s opportunities include associate roles at FT Partners, BelHeath, FCA Venture Partners and Qiming.
The rise of litigation finance has led some to question the wisdom of allowing third parties to fund lawsuits, but the biggest player in the industry has already moved beyond merely investing in court cases. “We think of ourselves as corporate finance for law,” said Aviva Will, senior managing director at Burford Capital. “We started out with single-case […]
Secondaries firm Landmark Partners’ next private equity vehicle will have a 14-year fund life, with a possible two-year extension at the GP’s sole discretion, pension documents say. This and other unique terms are listed in an investment evaluation prepared by StepStone for State of Connecticut Retirement Plans and Trust Funds. The pension system announced a $100 million commitment to the […]
This week’s opportunities include PE business development roles at Oracle, EY and BDO.
J.W. Childs Associates is back in market with its fifth fund targeting $500 million, a fundraising filing with the SEC shows. A spokesman for the firm declined to comment. The previous vehicle, J.W. Childs Equity Partners IV, targeted $450 million, with at least $236 million raised as of May 2014. It isn’t clear how much the fund closed […]
This week’s opportunities include an analyst role with CPP and M&A investment banker positions at UBS.
Basil Karampelas has been all around the energy sector, as an investment banker, corporate development professional, operating partner, interim CEO and now restructuring consultant with accounting and advisory firm BDO. “We do a lot of work on the creditor side, representing unsecured creditor committees as their financial advisers,” Karampelas said. The goal when he joined in 2016 “was really to […]