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Windward Capital Loses Three to Spin-Out Group –

20 years ago

After four and a half years together at Windward Capital Partners, L.P., former partners Noel Urben, James Ahstrom and Adrienne Halper are leaving the firm. Although their future plans have yet to be solidified, both Urben and Ahstrom said they are interested in starting a new effort together along with Halper and one or two […]

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Vestar’s IV Hits the Street After Long Pre-Marketing –

20 years ago

Following an extensive pre-marketing period to existing limited partners, Vestar Capital Partners began marketing its latest fund to potential new L.P.s in the last two months. Vestar Capital Partners IV, L.P. features a $2 billion target and will require a minimum commitment of $10 million, according to a Securities and Exchange Commission filing dated July […]

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KKR Execs, Two VCs, Put $29M on Desktop Deal –

20 years ago

Following a trend among both buyout firms and their general partners, executives at Kohlberg Kravis Roberts & Co. recently contributed capital to the $29 million first round of venture capital financing for Internet startup Desktop.com. Founded by the team that launched Four11’s Rocketmail, Desktop.com plans a launch this month for its product, details of which […]

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Carlyle Launches $2.5B Domestic Fund, Europe Internet Effort –

20 years ago

The Carlyle Group today is set to launch its third U.S. buyout fund, which will boast a target of $2.5 billion-the year’s biggest in a comparatively quiet domestic fund market. At the same time, the Washington, D.C., private equity group also will launch a fund to invest in European Internet ventures and has hired a […]

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Veritas Capital Builds Manufacturing Portfolio –

20 years ago

Continuing acquisitions in the aerospace defense and industrial applications industries, Veritas Capital, through its Veritas Capital Fund, L.P., agreed to acquire metal-parts manufacturer AMTEC Precision Products in a deal valued at more than $100 million. Chase Manhattan Corp. and CIBC World Markets will provide the financing, although Veritas Capital President Robert McKeon declined to disclose […]

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Stolberg Agrees to Bolster Central Security Platform –

20 years ago

Stolberg, Meehan & Scano in July teamed up with security industry executive Mark Wilson to form Central Security Group, an alarm-monitoring holding company. Just a month later, the group, based in Tulsa, Okla., has agreed to purchase the base to its platform, Guardian Security Systems, in a deal slated to close in the fourth quarter. […]

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Sentinel Capital Invests In Auto Center Franchise –

20 years ago

Sentinel Capital Partners in July acquired Cottman Transmission Systems, a franchiser of automotive transmission centers, in a transaction valued at $50 million. Equity for the deal came from Sentinel Capital Partners I, L.P. and Sentinel Capital Partners II, L.P. Managing Partner David Lobel and Principal Christopher Weiler declined to discuss the breakdown of the financing, […]

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RBDC Team Spins Out, Aims at Middle-Market –

20 years ago

In the world of private equity, to lose one executive may be regarded as a misfortune; to lose five looks like carelessness. That paraphrase of Wilde is unlikely to raise many smiles at Royal Bank Development Capital (RBDC), which in late July suffered the departure of a substantial portion of its Scottish investment team. The […]

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West Finalizes Plans For Euro 400M Venture –

20 years ago

West Private Equity, the new private equity arm of WestLB, has finalized plans for the launch of its pan-European fund and revealed the identity of its third principal, Michael Paetsch, who will head the group’s German advisory company, West Private Capital. Paetsch has a strong telecommunications background, having spent eight years at Siemens and o.tel.o, […]

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South Africa Beckons To Buyout Firm G.P.s –

20 years ago

Several South African private equity funds are gearing up to take advantage of the ruling African National Congress’ post-Apartheid privatization efforts, as well as the country’s infrastructure opportunities and growing entrepreneurial activity. One of the biggest players is Ethos Private Equity Ltd., formerly known as FirstCorp Capital Investors Ltd., which expects a September close for […]

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Euromobiliare Unveils Euro 100 million Effort –

20 years ago

Raffaello, a new private equity vehicle, was launched recently and will seek to capitalize on a combination of its principals’ knowledge of the Italian market, as well as their backgrounds in international corporate finance and experience with initial public offerings. The initiative is a joint venture between Credito Emiliano’s Euromobiliare Corporate Finance subsidiary and Folio […]

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VS&A Quickly Closes Chapter on YellowBook –

20 years ago

VS&A Communications Partners, the private investment arm of media investment bank Veronis, Suhler & Associates, late last month sold Yellow Book USA, a U.S. business-telephone directory publisher, to British Telecommunications plc, for $665 million. Jeffrey Stevenson, VS&A president and general partner, said his group purchased the Rockville Centre, N.Y.-based company in 1997 for approximately $140 […]

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CIVC Pulls Big Return With Subprime Mortgages –

20 years ago

Buying a standard mortgage company and transforming it into a provider of home loans for customers with subprime credit profiles turned into the best deal ever done by CIVC Partners, which last month exited its investment in First Franklin Financial Cos., realizing a return on equity just shy of 100%. CIVC acquired First Franklin in […]

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Ancestry Traces Roots of $33M Venture Deal

20 years ago

Ancestry.com Inc. Chief Executive Curt Allen believes every one of the two billion families on earth is a potential customer of his company, which creates Internet properties that enable family members to connect with each other. “All those [families] that are wired are natural candidates,” Allen said. “Family connections are more persistent and more compelling […]

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Vcom.com Seeks to Dial Up $20M Second Round

20 years ago

Given the plethora of goods available for sale over the Internet, the dearth of start-ups selling communications services might be a surprise. However, New York entrepreneur Steven Dresner intends to fill that void, and is preparing a private placement memorandum for a second round of private equity that could raise as much as $20 million […]

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ACME Communications Feeling Buffy About IPO

20 years ago

Since the Federal Communications Commission ruled Aug. 5 to allow television networks to own two television stations in the same market, station groups not owned by the major networks have become attractive acquisition candidates. Shortly after the ruling, NBC was rumored to be investing more than $300 million for a minority equity stake in Paxson […]

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RewardsPlus Nets $5M First Tranche

20 years ago

There are few businesses more paper intensive than insurance, as anyone that has recently filed a claim can attest. However, like so many other business areas, a start-up company, intent on using the Internet to replace the reams of forms, has emerged. Baltimore, Md.-based RewardsPlus of America Corp. recently closed the first $5M tranche of […]

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Diginet Raises $42M in Over-subscription

20 years ago

After raising $73 million in its second round of private equity financing April 23, Diginet Americas Inc. last month received an additional $42 million from the Series B investment syndicate, as well as a first-time commitment from Meritage Private Equity Fund LP. Washington D.C.-based Diginet uses radio waves to transmit wireless Internet services to corporations […]

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