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Euro Investment Sees Solid Gains in 1998 –

20 years ago

Europe’s private equity managers invested a record ecu 14.5 billion ($16.97 billion) in 1998, nearly 50% more than in the previous year, according to a survey conducted by PricewaterhouseCoopers on behalf of the European Private Equity and Venture Capital Association (EVCA). Fund raising, by contrast, increased only 1.7% from the previous year, but nevertheless also […]

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European Tandem Wins GBP1.3B AstraZeneca Unit –

20 years ago

Cinven and Investcorp last month signed papers with AstraZeneca for the GBP1.3 billion ($2.1 billion) acquisition of its Zeneca Specialties division. The agreement highlights the recovery in the European high-yield market as the structure involves a planned GBP335 million high-yield issue, led by Chase Manhattan Corp. If successful, it will be the largest bond raised […]

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Delta Airlines Looks To Soar with Private Equity –

20 years ago

When Delta Airlines hired Terry Blaney from Washington State Investment Board a year ago to take an aggressive stance in building its private equity program, the buyout community trumpeted the move. Mr. Blaney, well known for turning Washington into one of the larger LBO investors in the mid 1990s, was expected to make more buyout […]

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Hicks Muse Hooks Seafood Spinout –

20 years ago

It’s all about the shell game for Hicks, Muse, Tate & Furst Inc., which last month agreed to acquire a company that processes and distributes non-fat simulations of lobster, crab and scallop meat. The acquisition will be made by International Home Foods, a publicly-listed company in which Hicks Muse owns a 60% stake. Terms of […]

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Linsalata Capital Irons Out Clothing Deal –

20 years ago

Hoping to cash in on the “casualization of America,” Linsalata Capital Partners last month agreed to acquire Alpha Shirt Co., which distributes imprintable sportswear, for a total transaction value of $95 million. Linsalata Capital contributed $30.5 million in equity, with the balance of debt provided by a syndicate of banks led by Key Bank. Massachusetts […]

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Brera Scores Second With Cable Co. Buyout –

20 years ago

Add Brera Capital Partners to the list of private equity groups clamoring to make a play in the cable television industry. The New York buyout group earlier this month agreed to buy a 64.4% stake in Classic Communications, an Austin, Texas-based operator of non-metropolitan cable systems, for $100 million in equity. The capital infusion will […]

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Fox Paine & Co. Looks To Double Down in Deal –

20 years ago

Fox Paine & Co., LLC this month agreed to buy publicly traded Maxxim Medical, a manufacturer of medical equipment, in a deal valued at approximately $830 million, including assumed debt. Upon completion of the deal, the firm will split the company into Maxxim, which Fox Paine is pricing at $600 million, and Ciron Corp.-currently a […]

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Coller Capital Finds $250M For Secondaries –

20 years ago

The interest L.P.s have shown in international buyout funds has begun to extend to secondary partnerships. Coller Capital, a London-based firm that invests exclusively in secondaries-has grown rapidly in the last four years and now is close to wrapping its third fund, thereby becoming one of the largest players in that increasingly crowded market niche. […]

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Citicorp Asia, CVC Team To Launch Asia Fund –

20 years ago

Citicorp Capital Asia and CVC Capital Partners are joining forces to raise a pan-Asia buyout fund with a target of $750 million. CVC Asia Pacific, now in pre-marketing, is one of several new funds looking to buy divisions of cash-strapped conglomerates in the Far East (see story p. 1). According to Mary Lynn Putney, a […]

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Blackstone, AIG Launch Asian Advisory Group –

20 years ago

The Blackstone Group and AIA Capital Corp., the Asian investment and advisory branch of American International Group (AIG), this month formed a partnership that will focus on advising companies throughout Asia on various financial situations. The two firms have an exclusive collaboration agreement in five countries-Indonesia, Thailand, Malaysia, Singapore and Hong Kong-and will operate on […]

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Paul Allen’s Charter Delivers Riches To Buyout Firms –

20 years ago

At least 15 buyout firms that own stakes in cable companies have generated huge returns in the last three months by selling to Paul Allen, the co-founder of Microsoft Corp. and majority owner of Charter Communications. Since the beginning of the year, Charter has agreed to buy 12 cable platforms-10 of which were buyout firm […]

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Frontenac Co. Targets $600M For Fund VIII –

20 years ago

Frontenac Co.-a firm that dates back to 1971-is preparing to come to market with its eighth fund that likely will target between $500 million and $600 million, according to industry sources. “We are contemplating a new fund but we haven’t gone to our L.P.s yet,” said Roger McEniry, a partner at the firm. He said […]

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Regional Rroundup – East

20 years ago

Shnoo.com Inc. of Clifton, N.J., is raising $5.95 million through a private placement of common stock. The online retailer intends to use proceeds from the offering for working capital. CDS Consulting Corp. of Pittsburgh is raising $5 million through a private placement of common stock. A minimum investment of $100,000 is required. The consulting firm […]

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Regional Rroundup – South

20 years ago

Franklin Ross Inc. of Coral Springs, Fla., is raising $5 million through a private placement of common stock. A minimum investment of $20,000 is required. The Internet brokerage training services provider intends to use proceeds from the offering for working capital. HealthNet Data Link Inc. of Miami is raising $3 million through a private placement […]

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Regional Rroundup – Midwest

20 years ago

Glory Inc. of Branson, Mo., is raising $5 million through a private placement of common stock. A minimum investment of $500 is required. The issuer intends to use proceeds from the offering to build a live-entertainment theater. John Galt Holdings Ltd. of Omaha, Neb., is raising $4 million through a private placement of Series A […]

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Regional Rroundup – West

20 years ago

Innovative Turf Products Inc. of Tangent, Ore., is raising $5 million through a private placement of common equity. Blackwell, Donaldson & Co. of Portland, Ore., is placing the offering for a $350,000 sales commission. A minimum investment of $50,000 is required. The issuer, a distributor of grass seed and related turf products, intends to use […]

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VCs Bet Internet Diamonds are Forever

20 years ago

If Mark Vadon were still a bachelor, the world may never have been introduced to Internet Diamonds. Last year, while purchasing a wedding ring for his wife at Williams and Sons Jewelers of Seattle, the former management consultant for Bain & Co. became intrigued with the merchant’s strategy for distributing diamonds via the Internet. Within […]

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Capital Z Seeks to Serve as A-Team

20 years ago

Capital Z Partners Ltd. of New York wants to parlay its partners’ track record, which stretches back to 1990, into brand leadership in alternative asset management. To achieve that aim, the New York-based firm plans to leverage its base of knowledge in the insurance field to launch new products in complementary investment areas. The first […]

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