PNC Spin-out’s $301M Fund III Beats Target

By Steve Gelsi — 4 years ago

Incline Equity Partners topped its target by more than $50 million in the middle-market firm’s first fundraising since spinning out of PNC Financial Services Group Inc in 2011. The Pittsburgh firm closed Incline Equity Partners III LP in August with $301.1 million in commitments.

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Apollo’s Fund VIII Hits $8.4B

By Steve Gelsi — 4 years ago

Apollo Global Management LLC has drawn $8.4 billion in commitments towards a $12 billion target for Apollo Investment Fund VIII LP, making the flagship fund the top money-raiser among U.S.-based sponsors tracked by Buyouts so far in 2013.

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Booming CLO Issuance Likely To Slow

By Steve Bills — 4 years ago

The first half of 2013 was the strongest ever for issuance of collateralized loan obligations, although the pace is likely to slacken for the rest of the year, according to the offshore fiduciary Appleby Global Group Services Ltd.

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Bain, TPG-Backed Quintiles Mulls IPO: Reuters

By Staff Report — 5 years ago

Quintiles Transnational Corp, a provider of contract research for the pharmaceutical and biotechnology industries, is speaking to banks about a potential initial public offering, writes Reuters. JPMorgan Chaseand Deutsche Bank are among the banks vying for a role, writes Reuters.

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Not Blades But Spheres Propel NDI To Big Equity Gain: Corrected

By Lawrence Aragon — 5 years ago

Northern Digital had an acquisition opportunity right under its nose. But it took a little push from its sponsor, Audax Group, to consummate what would prove to be a transformative deal. The roughly 120-person Canadian company, also known as NDI, manufactures surgical navigation systems that let surgeons track the location of their instruments during operations. […]

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Huntsman Gay Inches Toward Fund II With Latest Deal

By Lawrence Aragon — 6 years ago

Its latest acquisition has made it much more likely that Huntsman Gay Global Capital LLC will revisit the fundraising market later this year, considering how much of its debut fund has been invested. The Palo Alto, Calif.-based buyout shop announced recently that it has bought plastics composite company Citadel Plastics Holdings Inc. from Wind Point […]

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Need to sell?

By Staff Report — 6 years ago

Feb. 4 will mark a special anniversary for Charlesbank Capital Partners, the Boston-based buyout firm with more than $2 billion in assets. It will mark the 10-year anniversary of the firm’s buyout of CSI Leasing, an information technology leasing company that Charlesbank Capital continues to hold. Charlesbank Capital paid an undisclosed amount for the St. […]

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Need To Sell?

By Staff Report — 6 years ago

Culligan International Co. is currently undertaking a “re-franchising” process that could put Clayton Dubilier & Rice in a better position to exit the provider of water filtration services. The firm bought the Rosemont, Ill.-based company back in 2004 for $610 million, with the New York-based buyout shop investing $170 million of equity, according to Buyouts […]

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PE-Backed ‘Weakest Links’ List Slims Down By Half In A Year

By Staff Report — 7 years ago

The number of LBO-sponsored companies in Standard & Poor’s “weakest links” report shrank by half in a year, continuing the recent trend of portfolio companies saying goodbye to the report that looks at entities tagged as most in danger of debt default. The latest report, “Global Weakest Links And Default Rates: Weakest Links Increased Modestly […]

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‘Weakest Links’ Roster Continues To Grow Shorter

By Staff Report — 7 years ago

More and more companies are slipping out of S&P’s “weakest links” list, continuing the year-to-date trend. In fact, the ratings agency said in a report dated Nov. 18 that there has been a decline for 14 consecutive months. Through Nov. 11, there were 110 entities on the list with combined affected debt of $133.291 billion, […]

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Fewer Portfolio Companies In “Weakest Links” List

By Staff Report — 7 years ago

The number of sponsor-backed companies in Standard & Poor’s “weakest links” report has fallen since May, when Buyouts last covered the report, as the outlook for a number of buyout-backed investments has improved. Of the 133 companies on the list with combined debt of $146.07 billion, Buyouts identified 36, with combined debt of $56.1 billion, […]

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