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

By Steve Gelsi — 6 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 — 6 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 — 6 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 Cust Serv — 7 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 — 7 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 — 7 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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