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Carlyle Group’s Asia Fund Reaches $450 Million

19 years ago

The Carlyle Group in March held a $450 million (euro 420 million) first close on Carlyle Asia Partners LP. Fund raising for the vehicle, which was launched last summer with a $1 billion target, has been slower than Carlyle anticipated. The group originally scheduled the final close for December 1998 but now expects to close […]

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Chase’s Asia Fund Heads for $500 Million First Close

19 years ago

Chase Capital Partners at press time was approaching a $500 million (euro 467 million) April first close for its Asian buyout fund. Premarketing for Chase Asia Investment Partners, which has a $750 million target, began last summer when Chase Capital, like several of its peers including the Carlyle Group (story below) and CVC Capital Partners, […]

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RBDC Enters Irish Market with Joint Venture Fund

19 years ago

RBDC Enters Irish Market with Joint Venture Fund Royal Bank Development Capital (RBDC) has linked with the Enterprise Ireland development agency and Corporate Finance Ireland (CFI) to launch a joint venture fund, Alliance Investment Capital, for investment in developing Irish companies. RBDC has committed GBP5 million to the fund alongside an initial IRGBP 2.5 million […]

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UK Biotech Entrepreneur Forms Active Seed Fund

19 years ago

Alan Goodman, one of the UK’s leading biotechnology entrepreneurs, has formed a seed- and early-stage fund for biotechnology and healthcare ventures in the UK and elsewhere in Europe. Ultimately, he seeks to create a pool of GBP20 million (euro 30 million) to support the formation of companies based around leading-edge bioscience technologies. By its mid-April […]

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Plantagenet Launches $100 Million Europe Fund

19 years ago

Following in the wake of the US buyout market’s big hitters, San Francisco-based Plantagenet Capital Management is also targeting the European market. The group in January launched Plantagenet Capital Management LLC, which is targeting $100 million (euro 93 million) for investment in Europe. Plantagenet will invest mostly in France, where it recently opened an office, […]

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Blackstone Launches $750M Mezzanine Fund –

19 years ago

The Blackstone Group this month began raising a debut mezzanine fund with a target of $750 million that will invest primarily in non-Blackstone deals. The firm also has snapped up five private equity professionals from troubled Nomura Holding America Inc. to run a new mezzanine group, according to Howard Gellis, a Blackstone managing director and […]

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William Blair Targets $250M Sub-Debt Fund –

19 years ago

William Blair Mezzanine Capital Partners this month launched its third fund, setting a $250 million target. Like its $190 million predecessor, William Blair Mezzanine Capital Fund III, L.P. will target investments in recapitalizations and buyouts that are not led by financial buyers. In the past, the firm has helped management teams recapitalize companies from buyout […]

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Graham Launches Fund, Joins With Brera for Deal –

19 years ago

Graham Group, an extensive family business conglomerate with investments in scores of private equity funds, now is raising a buyout fund of its own with a target of $200 million. In its first move as a private equity firm, Graham Partners already has agreed to acquire a manufacturing company in partnership with new LBO shop […]

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Four Denver Pros Look To Raise Debut Effort –

19 years ago

A group of veteran bootstrappers in Denver are raising their first buyout fund and are looking for limited partners who will play an active role in investing. KRG Capital Partners kicked off fundraising last month for KRG Capital Fund I, setting a target of between $125 million and $150 million. Since 1996, the group has […]

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Broadview Capital Sees Quick Close for IT Fund –

19 years ago

Indicating broad interest in information technology investing, Broadview Capital Partners this month saw a rapid first closing on its debut IT buyout fund, raising $185 million. The fund’s original target was $150 million when it was launched early this year (BUYOUTS Feb. 22, p. 12). A source close to the fund raising said Broadview Capital […]

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Mason Wells Gobbles Cereal Co., Wraps Fund –

19 years ago

Continuing its transformation from captive private equity arm to independent buyout firm, Mason Wells early this month agreed to acquire a manufacturer of private-label breakfast foods. The deal marks Mason Well’s second control investment since spinning out from Marshall & Ilsley Corp. last year with Mason Wells Leveraged Buyout Fund I. The fund held a […]

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Evercore Gives Backing To Consulting Spin-Out –

19 years ago

In its second high-profile deal of the year, Evercore Partners Inc. this month completed a management buyout of Re:sources Connection, the accounting consulting unit of Deloitte & Touche LLP. Partners at Evercore did not disclose terms of the deal, but the New York buyout firm reportedly owns 62% of Re:sources, with management owning the rest. […]

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First Chicago Woos Finance Company –

19 years ago

First Chicago Equity Capital this month invested $11.5 million in accounting and finance company Parson Group LLC, and will continue investing at a brisk pace until the firm has about $500 million invested in privately-held companies. First Chicago, the private equity arm of Banc One Corp., currently has $150 million in assets under management, according […]

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KKR Europe Steals Huth from Investcorp –

19 years ago

Kohlberg Kravis Roberts & Co. has hired Johannes Huth as a managing director for its London office, and reportedly will hire five or six more professionals to manage the $3 billion European buyout fund it currently is raising. Mr. Huth will leave his position on the management committee of Investcorp International, a buyout firm listed […]

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Soros Group Launches $1B European LBO Arm –

19 years ago

Soros Private Equity Partners (SPEP) is the latest buyout firm to cross the Atlantic, swelling the ranks of U.S. private equity firms with an appetite for European deals. The firm has opened a London office headed by partner Ramez Sousou, a former director of Goldman, Sachs & Co.’s private equity operations, and has made an […]

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Top Euro Justify Investors’ Confidence –

19 years ago

European venture capital and private equity funds formed since 1980 generated a 25% net IRR on an ecu basis for the year ended June 30, 1998 according to preliminary results from the 1998 Investment Benchmarks Report: European Private Equity study undertaken by Venture Economics and Bannock Consulting. The study sample comprised ecu 19.2 billion ($21.2 […]

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Apollo Re-Constructs Deal for Building One –

19 years ago

Apollo Advisors, L.P. in late March completed a minority investment in Building One Services Corp., a publicly traded roll-up of maintenance service providers. The investment comes just three months after the New York-based group backed out of making a larger commitment to the company. The firm invested $100 million in 7.5% junior subordinated notes due […]

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Wellspring Goes On Tour With Travel Companies –

19 years ago

Anticipating a coming boom in wanderlust, Wellspring Capital Management LLC has put $40 million in equity behind a travel industry platform. Travel Industry Partners Corp. already has made two acquisitions-Central Holidays, a travel package provider to Italy and the Mediterranean, and Swain Tours, which organizes tours to Australia, New Zealand and Africa. Travel Industry Partners […]

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