Apollo quickly bets $2 bln on three energy deals

By Steve Gelsi — 3 years ago

Apollo Global Management has lined up about $2.2 billion in potential oil and gas investment via three partnerships in April, May and June as co-founder Leon Black pursues energy as one of two major themes for the New York-based private equity titan.

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GP Profile: First Reserve Plans To Capitalize On Emerging Markets

By Staff Report — 6 years ago

Expect to see First Reserve Corp. spend more time in China, Brazil and other emerging markets in the years to come. The Greenwich, Conn.-based energy specialist, which typically writes equity checks of $200 million to $500 million per deal, is increasingly looking for deals in the natural resources and mining sectors on the argument that […]

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GP Profile: Charlesbank Bets On Housing Rebound

By Staff Report — 6 years ago

Many buyout shops pride themselves on sniffing out deals where others are afraid to invest and closing their purses when industries get too hot. Charlesbank Capital Partners, a Boston-based shop that has generated around 2.5x its invested capital since spinning out of Harvard Management Co. in 1998, has repeatedly generated good returns by doing just […]

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GP Profile: Castle Harlan Muscles Through Great Recession

By Staff Report — 7 years ago

July 19 was a good day for Castle Harlan Inc. The New York buyout firm announced that it had agreed to sell Ames True Temper Inc., a maker of shovels, wheelbarrows and other lawn and garden equipment, to Griffon Corp. for $542 million. It had bought the company for $380 million in 2004.

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GP Profile: Alinda Copes With Drought Of U.S. Deals

By Staff Report — 7 years ago

Executives at Alinda Capital Partners LLC have managed to stay relatively busy even as the expected avalanche of deals in U.S. transportation, utilities, and other infrastructure assets never materialized. The trick has been to avoid large, auctioned transactions, to be willing to buy assets abroad, and to finance its deals with investment-grade bonds. In its […]

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GP Profile: RLJ Equity Partners Finds Its Footing

By Staff Report — 7 years ago

RLJ Equity Partners is finally putting money to work, though probably not exactly in the way founder Robert L. Johnson, the billionaire media mogul, envisioned when he set out more than four years ago to invest in media, financial services and business services industries. In its first platform investment, the mid-market buyout firm on Jan. […]

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GP Profile: ACI Capital Cuts Its Losses

By Staff Report — 7 years ago

ACI Capital, once a promising mid-market buyout shop, has stopped investing in new platform companies. Executives at the New York-based firm told investors in September that they would wind down the portfolio after making only two investments from its second fund, one of which was a write-off. After successfully deploying a $150 million SBIC fund, […]

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GP Profile: Leonard Green Returns To Buyout Market

By Staff Report — 7 years ago

Leonard Green & Partners LP is back in the buyout game. The Los Angeles-based firm on Jan. 13 announced its first buyout in 28 months, buying AerSale Holdings Inc., a company that buys used aircraft, in an all-equity deal valued at $250 million. Leonard Green also is investing as much as $350 million in IMS […]

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GP Profile: Water Street Healthcare Partners Turns Toward Exits

By Staff Report — 7 years ago

The founders of Water Street Healthcare Partners spun out of One Equity Partners back in 2005, confident they could extricate outsized returns from the labyrinthine U.S. health care system. Five years later, pressure is on the firm to generate results just as the government embarks on a monumental overhaul of the health care system. The […]

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GP Profile: KPS Capital Not Worried About Big War Chest

By Staff Report — 7 years ago

Executives at KPS Capital Partners LP sold a slew of companies at the top of the market, closed a new fund while investors still had cash, and avoided catching falling knives in 2008 even as many firms got burned after diving into the turnaround market too early. Now that knack for timing is going to […]

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GP Profile: Advent Ramps Up Operating Partner Program

By Staff Report — 7 years ago

It wasn’t long ago that LBO shops could generate decent returns with hardly any expertise of how their businesses operated day-to-day. And it’s still possible. Nevertheless, the general direction of the business has been for buyout firms to become ever more hands-on, and having former executives on your payroll is almost a prerequisite. Perhaps no […]

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