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CSFB Advisory Wraps Domestic Fund At $2.7B –

20 years ago

After a long and successful fund raising, Credit Suisse First Boston Advisory Partners, LLC, the private equity arm of Credit Suisse Group, held a final closing that brought Credit Suisse First Boston Equity Partners, L.P. to a total of $2.743 billion in capital under management, said David Denunzio, chief executive officer of CSFB Advisory Partners. […]

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Hellman & Friedman Finds First Close for Fund IV –

20 years ago

San Francisco-based Hellman & Friedman last month held a first close on $1.53 billion for Hellman & Friedman Capital Partners IV, L.P. The fund was launched in January with a $2 billion target (BUYOUTS Dec. 7, 1998, p. 1). Investors that have signed on to the fund include California Public Employees’ Retirement System, Pennsylvania State […]

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KKR Looks to Acquire Company from Apollo –

20 years ago

Apollo Advisors giveth, and Kohlberg Kravis Roberts & Co. taketh away-at least in the case of Alliance Imaging Inc., an outsourcer of diagnostic scanning services that this month agreed to be recapitalized by KKR after having already been recapitalized by Apollo in 1997. Due to the weak performance of health-care companies on the public markets, […]

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Fleet’s Chisholm to Make Three Broadband Plays –

20 years ago

Fleet Equity Partners has wasted no time in putting its newly-raised capital to work-since closing Chisholm Partners IV in Spring, the Providence, R.I., private equity group has made two investments and inked three agreements with telecommunication platforms. Fleet Equity last month agreed to invest $30 million in Clear Source, a Texas company that links homes […]

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In Spite of $2B Tally, 3i Pursues Middle Market –

20 years ago

In the future, 1999 may be remembered as the year when the European private equity pendulum swung away from the mega-deal and toward the middle market. Deterred by brutal levels of competition and the spectre of diminishing returns from larger buyouts, private equity fund managers and institutional investors alike are evincing an increased appetite for […]

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Compass Consolidates Staffing Cos. in Southeast –

20 years ago

Betting on the growing importance of temporary staffing to the light-manufacturing and health-care industries, The Compass Group International LLC last month acquired Columbia Staffing and Columbia Health Care Services, and currently is eyeing add-ons throughout the Southeast. The transaction, valued at approximately $15 million, was structured with 50% equity. Debt was provided by BankBoston. Compass’s […]

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Desai Capital Tries On Formalwear Company –

20 years ago

Desai Capital Management Inc. this month acquired a majority stake in Mitchell’s Formalwear, a retailer of formalwear rentals and sales in the Southeast. Tim Kelleher, senior vice president at Desai Capital, declined to discuss terms of the deal. Mitchell’s Chief Executive Officer Joe Doyle said, with the additional capital, he wants to see Mitchell’s become […]

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Hawthorne Partners Rolls With Tire Equipment Co. –

20 years ago

Hoping to find profit where the rubber meets the road, Hawthorne Partners LLC this month acquired RMS Corp., a manufacturer of tire-making equipment and other rubber-molding equipment. Terms of the deal were not disclosed, but Michael McGath, a managing director at Hawthorne, said his firm usually puts approximately $7 million in equity into deals. RMS, […]

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GE Capital Strikes Up $200M Crown Castle Deal –

20 years ago

Invoking the gods of synergy, Crown Castle Inc. of Houston recently secured a $200 million private equity financing from GE Capital Structured Finance Group of Stamford, Conn. The financial terms of the convertible preferred equity placement, which is expected to close early next month, include an 8.25% dividend rate and a conversion price of $26.875. […]

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TSG Capital Invests In Hispanic Phone Co. –

20 years ago

TSG Capital Group this month invested $20 million in Pointe Communications Corp. in the form of convertible preferred stock. The company, which is traded over the counter, is a communications provider that focuses on businesses and residential customers in Hispanic population centers in the U.S. and Central and South America. Conversion price for the stock […]

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Thoma Cressey Launches Marketing Services Play –

20 years ago

Private equity group Thoma Cressey Equity Partners in August formed FutureSource Communications to acquire marketing services firms. According to Lee Mitchell, a partner at the Chicago-based firm, Thoma Cressey has an investment commitment with FutureSource to provide the company with capital as potential acquisitions are identified, and the commitment could be as much as $60 […]

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Monitor Clipper Closes Two Equity Investments –

20 years ago

Monitor Clipper Partners this month closed an $80 million equity investment in Veridian Corp., an information security and secured data networks provider based in Alexandria, Va. Along with Monitor Clipper’s investment, Veridian completed the acquisition of three businesses whose combined 1998 sales reached almost $300 million, bringing the company’s employee count to more than 5,000 […]

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Heritage Partners Builds Store Fixtures Platform –

20 years ago

Notching its first investment since the June closing of Heritage Partners III, L.P. on approximately $840 million, private equity firm Heritage Partners last month formed Store Fixtures Group by consolidating three recent acquisitions of store fixtures companies. According to a source close to the firm, the total transaction value was between $150 million and $200 […]

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KRG Capital Mines $119M for Debut Fund –

20 years ago

KRG Capital Partners, a group of Denver bootstrappers, this month held a second close on their debut buyout fund, rounding up a total of $119 million. The fund was launched in March with a target of between $125 million and $150 million and a cap of $200 million (BUYOUTS April 19, p. 4). Limited partners […]

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Saratoga Partners Closes Current Effort at $250M –

20 years ago

Saratoga Partners this month held a $250 million final close on its fourth fund. Fund raising for Saratoga Partners IV, L.P. began early last year and the fund saw a first close on $240 million last October (BUYOUTS Oct 26, 1998, p. 8). According to Saratoga Managing Director Charles Durkin, the firm’s investing strategy for […]

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FundsNews -Brand Equity Raising Second Fund

20 years ago

Having committed approximately 85% of its $95 million first fund, Brand Equity Ventures of Greenwich, Conn. is in the early stages of raising its second fund, targeted at $200 million.. General Partner Chris Kirchen said Brand Equity Ventures II will hold a first close in October or November, with a final close planned for early […]

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VenCatalyst Seeks to Emulate idealab!

20 years ago

In an effort to capitalize on the glut of technological talent in the District of Columbia, three local entrepreneurs recently joined together to launch VenCatalyst Inc., a technology company incubator that plans to make six seed-stage investments in the next 18 months. While VenCatalyst has raised capital from several undisclosed outside investors, Managing Director Richard […]

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Advent Adds Health Care Partner

20 years ago

On the heels of closing the firm’s first dedicated health-care focused fund, Advent International hired William Mills as a partner in its Boston office. Most recently one of four general partners with The Venture Capital Fund of New England, Mills will be one of two partners investing Advent’s $100 million Healthcare & Life Sciences II […]

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