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Nevada Employees’ Stays Course in Private Equity –

19 years ago

The Nevada Public Employees’ Retirement System has not exactly been a trailblazer when it comes to private equity-the $12.1 billion pension allocates just 2% of its capital to the asset class and has no plans to increase the percentage-but Nevada has done well in the alternatives arena and plans to stick around, investing in four […]

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Scottish Lenders Team For European Debt Effort –

19 years ago

The Royal Bank of Scotland and Bank of Scotland last month jointly launched Caledonia Capital Ltd., a new group that will provide senior debt financing for European leveraged buyouts. London-based Caledonian Capital, which will be strucutred as a 50/50 joint venture between the two banks, will look to provide financing for LBO deals which require […]

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Wafra Partners Buys Two New Companies –

19 years ago

New York-based Wafra Partners recently added two new companies to its portfolio. The firm in late June acquired Wundies Industries, a designer and manufacturer of under garments for women and girls, for an undisclosed price, said Wafra Managing Director John Camp. Wafra also recently acquired Travelpro, a luggage designer. Although terms of the deal were […]

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BC Partners Victorious In German Mega-Deal –

19 years ago

BC Partners last month emerged as the winner of a hotly contested auction for Friedrich Grohe AG, the family-owned German water equipment and bathroom fittings group. Although terms of the transaction were not disclosed, sector analysts have set the price tag at as much as $1.4 billion, while representatives of BC Partners itself have been […]

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Wassall P.L.C. Seals Deal, Sells Glue Maker to RPM –

19 years ago

In a deal slated to close this week, strategic buyer RPM acquired DAP, a Baltimore-based adhesives and sealants maker, from Wassall P.L.C. for $290 million. Wassall, a publicly traded private equity firm headquartered in London and Westport, Conn., bought DAP in 1991 for approximately $90 million. Wassall USA President Kevin Doyle said his company exited […]

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Southeast Telecom Fund Scores First Acquisition –

19 years ago

Tennessee Valley Ventures, L.P., a buyout fund that targets companies in the Southeast, in May completed its first acquisition with the $8 million purchase of Multi-Link, a telecommunications equipment manufacturer. The fund, which saw a final closing of $10.5 million at the end of last year, was formed by business leaders, many of whom hail […]

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Investcorp Keeps Pace With Minority Stake Trend –

19 years ago

In its first minority stock investment, Investcorp last month acquired $100 million of perpetual convertible preferred stock in NationsRent, a publicly traded Fort Lauderdale, Fla.-based equipment rental company. The preferred stock is convertible into approximately 14.3 million shares of NationsRent common stock at $7 per share. The preferred stock has no dividend. Investcorp’s move follows […]

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AFL-CIO Releases Worker Friendly’ Criteria –

19 years ago

The AFL-CIO has finalized a list of criteria by which it will evaluate private equity firms that market funds to the Taft-Hartley market, the group of labor union pension plans. Among the list’s criteria are requirements that private equity firms show a history of partnering with workers, provide for labor representation on advisory boards and […]

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Columbia Capital Grabs $450M For First Fund –

19 years ago

Marketing the first institutional round in the firm’s 11-year history, Columbia Capital of Alexandria, Va., garnered more than $450 million in just over six months of fund raising. The new fund, Columbia Capital Equity Partners II, will continue the firm’s strategy of investing in the communications and information technology sectors. Managing Director Jim Fleming said […]

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Sunrise Capital Shines With AIRWALK Buyout –

19 years ago

Sunrise Capital Partners, L.P., an investment fund affiliated with investment bank Houlihan Lokey Howard & Zukin, last month purchased AIRWALK International, LLC , a designer and marketer of youth footwear, apparel and snowboarding products. Sunrise Capital Managing Partner David Preiser declined to disclose terms of the deal, although he said Boalsburg, Pa.-based AIRWALK fits well […]

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CM Equity Gives Nod To ICF Kaiser Orphan –

19 years ago

ICF Kaiser finalized in June the sale of its consulting group, ICF Consulting, to CM Equity Partners, L.P.. ICF Kaiser sold 90% of the consulting group for $64 million in cash plus $6.6 million of interest-bearing notes. This makes ICF Consulting the third professional service company to be purchased by the New York-based firm. Both […]

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13i Capital Expands Copper Co. in Europe –

19 years ago

The threat of a capital gains tax hike in Germany hastened a deal close for 13i Capital Corp., which last month acquired a German copper parts company in a deal valued at less than $10 million. The acquisition of Illg Umformtecknik gives 13i a more secure foothold in the European market for copper components, according […]

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Bank of New York Forms SBIC Group for Sub Debt –

19 years ago

The Bank of New York has formed a new Small Business Investment Company that will act as a junior capital partner in private equity transactions. BNY Capital Partners, L.P. will operate primarily as a mezzanine provider to financial sponsors, but also will make equity commitments, said Stratton Heath, the managing director that will head up […]

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Parthenon Capital Closes Debut Effort, Two Deals –

19 years ago

Parthenon Capital on June 30 held a final closing on its debut private equity fund, rounding up a total of $350 million-the fund’s cap. In addition, the Boston firm closed its first two deals in June-putting $30 million in equity into a staffing company and $15 million into a children’s clothing company. Demand among investors […]

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OPIC Selects Managers For Africa Investment Fund –

19 years ago

The Overseas Private Investment Corp. (OPIC) has selected The Sloan Financial Group and its subsidiary New Africa Advisers of Durham, N.C., and Taylor-DeJongh Inc. of Washington, D.C., to manage its latest private equity fund. The New Africa Infrastructure Fund’s $350 million target makes it the largest OPIC fund to date. It will leverage an additional […]

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GE Capital Launches Euro 700M Vehicle –

19 years ago

If the trend of U.S.-based groups raising European private equity vehicles continues, general partners will need a shoe horn to squeeze all of the U.S. capital raised into the Continent. The most recent entrant into the fray is GE Capital Partners, which last month began circulating offering documents for a new European buyout fund that […]

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Texas Pacific Group Wins Big on Tech IPOs –

19 years ago

With the recent initial public offerings of two companies it acquired from Lucent Technologies Inc., Texas Pacific Group (TPG) is reaping huge returns on buyout investments it has made in the technology sector. Based on current stock market valuations, TPG is seeing an approximately 20-times return on its $45 million equity investment in Paradyne Networks, […]

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TH Lee, Putnam Proves Rare Breed for Private Equity –

19 years ago

Despite ongoing predictions by finance industry observers that the lines between public and private asset management increasingly will blur, it was not until the formation of TH Lee, Putnam Capital earlier this month that these prognosticators could point to any conclusive evidence. The joint venture between Thomas H. Lee Co. and Putnam Investments (BUYOUTS July […]

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