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Illinois Teachers Shifts Private Equity Allocation –

20 years ago

The $22 billion Illinois Teachers’ Retirement System has adopted a new asset allocation mix that more than doubles its private equity allocation to 7%, boosting it by $880 million, and bumps international equities by 6%, or $1.3 billion, said Executive Director Keith Bozarth. Bozarth said it has yet to be determined whether the private equity […]

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Hicks Muse Subsidiaries Wire Up TV Company –

20 years ago

21st Century Group-which was launched last year by Hicks, Muse, Tate & Furst Inc.-and LIN Television Corp.-which was acquired by Hicks Muse in 1997 (BUYOUTS Nov. 10, 1997, p. 4)-have teamed up to launch, Banks Broadcasting, a company that will focus on acquiring and operating television stations in mid-sized and small markets throughout the U.S. […]

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With CEI CEO On the Lam, Hicks Muse Ups Stake –

20 years ago

The presence of Hicks, Muse, Tate & Furst Inc. in the Latin American media industry has grown, thanks in part to a fugitive Argentine banker. Last month, Hicks Muse increased its stake in CEI Citigroup Holdings, Argentina’s largest phone and cable operator, to land control of the company after Argentine authorities accused investment partner Raul […]

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GE Loses 18 Pros, Quashes Marketing Of $700M Europe Fund –

20 years ago

Even judged by the standards of the private equity world, the turnover at GE Equity has been exceptionally high as of late. According to a source at parent company GE Capital Services Corp., GE Equity has seen 18 professionals leave the firm in the last two months. In addition, a European buyout fund that was […]

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Daewoo Division Goes To Wild Card Group –

20 years ago

The first major buyout of an Asian company will be led by a group little known to the private equity community. Earlier this month, South Korea’s Daewoo Group announced its intention to sell most of its electronics division to Beverly Hills-based Walid Alomar & Associates for $3.2 billion. Walid Alomar & Associates-headed by an Arab-American […]

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G.P.s, Nostalgic for 1980s, Return to Public Market –

20 years ago

It’s the end of August in New York, and after a torrid summer exacerbated by the heating effects of La Nia everyone is looking forward to the cooler temperatures that will be brought by fall. However, like the eagerly anticipated climate change caused by the cycle of the seasons, another cycle has come full circle. […]

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Halifax Capital Nails First Closing on $150M –

20 years ago

The founding partners of Halifax Capital Partners have witnessed the boom times for large-scale private equity investing; however, the four professionals earlier this year launched a middle-market fund on the theory that future buyout and growth capital deal flow lies in the middle market. That thesis netted the new firm $150 million, as of its […]

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EQT Partners Adds Finland to Fund Family –

20 years ago

EQT Finland, which this month closed on FMk 830 million ($146.9 million), is the second country-focused fund EQT Partners AB has added to its stable in the past year. One of the most active buyout investors in the Nordic region, EQT Partners AB manages SKr 8.6 billion ($1.032 billion) through the EQT Scandinavia I and […]

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Top Swiss Team Reborn As CapVis Equity Partners –

20 years ago

The former SBC Equity Partners team-historically the most active middle-market private equity group in Switzerland-has begun raising its first third-party fund after having attained quasi-independent status as CapVis Equity Partners in the wake of last year’s merger of SBC Warburg and UBS. The new vehicle, CapVis Equity Fund, will concentrate on middle-market buyouts in Switzerland […]

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ICG & MSDW Score Coup With European CDO Fund –

20 years ago

Intermediate Capital Group (ICG) has pulled off a strategic coup with the successful launch of Europe’s first collateralized debt obligation (CDO) fund. The euro 400 million ($420 million) vehicle, EuroCredit CDO I, resulted from a close collaboration between ICG and Morgan Stanley Dean Witter, which arranged and placed the fund-primarily among Continental European insurance companies […]

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ESP Finds First Closing, After Re-Tooling Format –

20 years ago

Standard Life Investments early this month held a first closing for European Strategic Partners (ESP), the fund-of-funds it launched last November with a euro 1 billion ($1.05 billion) target. The euro 475 million first closing total includes a euro 375 million commitment from parent company Standard Life, which is participating as an ordinary limited partner. […]

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Berkshire Partners Invests In Audio-Visual Company –

20 years ago

Berkshire Partners LLC this month purchased a majority stake in TELAV Inc., a Canadian audio-visual equipment rental company, for an undisclosed amount. Berkshire Vice President Ross Jones declined to discuss terms of the deal, but said his group usually puts $10 million to $50 million of equity into investments and this deal falls into the […]

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Castle Harlan Platform Scores Two Add-Ons –

20 years ago

Worldwide Flight Services, an aviation ground services provider that Castle Harlan acquired in March, this month purchased two other ground service providers, Miami Aircraft Support and Arrowlink, in separate transactions. Castle Harlan Managing Director Marcel Fournier declined to discuss how his group financed the $66.4 million deal for Miami Aircraft, although he said Donaldson, Lufkin […]

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Hicks Muse Builds Up Viasystems in China –

20 years ago

Hicks, Muse, Tate & Furst Inc. earlier this month acquired an add-on to its printed circuit board platform that gives the Texas buyout firm control of two plants in China. The platform-Viasystems Group-bought a division of Termbray Industries International (Holdings) Ltd. for $325 million. Approximately $200 million of the transaction was made with Viasystems common […]

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Veronis Suhler Eyes First Deals for Fund III –

20 years ago

In what could prove to be its first transaction since closing its third fund earlier this year, VS&A Communications Partners, the private equity arm of investment bank Veronis, Suhler & Associates, this month agreed to acquire HCIA Inc., a Nasdaq-listed health-care information-service company, for $135 million in cash. Under the terms of the deal, which […]

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Willis Stein to Take Cool Company Private –

20 years ago

Willis Stein & Partners this month agreed to acquire Aavid Thermal Technologies, a Nasdaq-listed company that manufactures electronics cooling components, for approximately $260 million, or $25.50 per share for each of the 9.6 million shares of common stock outstanding. The acquisition was made through Willis Stein & Partners II, L.P. Under terms of the agreement, […]

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Xoma Knocks Out $17M Financing

20 years ago

Biopharmaceuticals developer, Xoma Ltd. raised $17.4 million last month through the private sale of approximately 3 million common shares, according to documents filed with the Securities and Exchange Commission. Sutro & Co. and Arnhold & S. Bleichroder acted as placement agents. The common shares were bought at $5.75 per share. Proceeds will be used to […]

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Birthday Express.com Opens $13M Package

20 years ago

The founders of Birthday Express.com credit the $13.1 million second round of venture financing the company raised last month to more than an ability to blow out candles. The Seattle-based company, which was incorporated in 1994 and currently ships products to more than 360,000 birthday parties annually, has also allocated $12 million of its own […]

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