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Hicks Muse to Acquire Brazilian Soccer Team –

20 years ago

Hicks, Muse, Tate & Furst Inc. last month agreed to acquire the franchise assets of a popular Brazilian soccer team and will partner with a former Uruguayan soccer star to manage the business. The deal will give Hicks Muse and its sports-business partner, The Muller Sports Group, the marketing, exhibition, licensing, merchandising and broadcasting rights […]

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Kirtland Capital to Take Instron Corp. Private –

20 years ago

Kirtland Capital Partners early this month announced its intention to acquire Instron Corp., a publicly traded materials evaluating company, for approximately $160 million. DLJ Securities Corp. has agreed to provide high-yield financing for the deal, and senior debt will be provided by National City Capital. Instron was advised by The Beacon Group Capital Services. Instron, […]

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Wind Point Builds Up Automotive Company –

20 years ago

Wind Point Partners this month revved up Qualitor, the firm’s automotive aftermarket platform, with the acquisition of publicly traded MascoTech’s aftermarket group, said Robert Cummings, a managing director at the Southfield, Mich.-based firm. Although Mr. Cummings declined to disclose the transaction price, the financial press reported Mascotech sold its aftermarket division and another smaller division, […]

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Thoma Cressey Begins Compiling Document Co. –

20 years ago

Don’t expect a paperless work environment anytime soon-not if Thoma Cressey Equity Partners gets its way. The Chicago buyout firm already is five add-ons deep into a business document platform, and does not intend to stop until the company is distributing brochures, business forms and advertisements in six to eight regions. The company, Lincolnshire, Ill.-based […]

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Safron Corp. Seeks Deal Oasis in Mid East –

20 years ago

Furthering its private equity foray into the Middle East, Safron Corp. last month acquired a minority interest in Egypt’s largest telecommunications holding company, RASCOM Technologies, for an undisclosed amount. The deal is the London firm’s third since holding a first close on its debut Middle East private equity fund in December that rounded up $35 […]

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Forstmann Little Exits General Instrument –

20 years ago

Forstmann Little & Co. last month sold nearly all of its remaining 15% equity stake in General Instrument Corp. (GI) for $650 million, mostly to Liberty Media Corp. The New York-based buyout group also sold its remaining 15% stake in General Semiconductor-a spin-off of GI-for $35 million in a block trade to Donaldson, Lufkin & […]

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Advent Cleans Up With Private Label Co. –

20 years ago

Advent International saw a profitable exit on its investment in T-Chem Products Inc. when it sold the private label household cleaning products company to KIK Corp. in late March for less than $50 million, according to a source close to the transaction. According to William Woo, a principal at Advent, the Boston-based private equity firm […]

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George Capital Hires Former AEA Partner –

20 years ago

The George Group took an important step in building a separate private equity arm this month when it partnered with Alan Wilkinson, a partner at AEA Investors from 1989 to 1999, to lead its effort. The Dallas-based management consulting firm has been working in recent months to form a team, temporarily named George Capital, that […]

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U.S. Investors Make Mark In 1998 U.K. Fund Raisings –

20 years ago

The U.K. private equity industry is becoming increasingly reliant on U.S. sources of capital, the British Venture Capital Association’s (BVCA’s) 1998 Report on Investment Activity reveals. While total funds raised by U.K. private equity groups declined by 14% to GBP5.57 billion ($9.051 billion) in 1998 from GBP6.49 billion the previous year, the amount committed by […]

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Asia Proves Bitter Pill For Arral II L.P.s & G.P.s –

20 years ago

When Arral & Partners raised the $170 million Arral Pacific Equity Trust II in 1990, expectations on the part of its managing directors and Western limited partners were understandably high. After all, Asia’s economies were growing rapidly, and the fund’s managers were a top-flight team. Nearly a decade later, however, the vehicle has failed to […]

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Fogg’s Westbury Readies Fund, Minus Ex-Partner –

20 years ago

Joseph Fogg this month will launch his first private equity fund seven years after leaving his position as head of worldwide investment banking at Morgan Stanley & Co. He is doing so at the same time his former partner-Jeffrey Freed-has joined a new group that also is raising a debut effort. In the early 1980s, […]

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In 1999 Buyout Firms Return to Big Deals Heyday –

20 years ago

A long time ago in a galaxy far, far away, buyout firms led deals valued at more than $1 billion dollars on a regular basis. Now, for the first time since the late 1980s, G.P.s are returning to the era of their forefathers. Buyout firms this year have either closed or announced six billion-plus deals […]

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TPG to Team Up With Motorola For Tech Mega-Deal –

20 years ago

In spite of the slew of buyout funds recently launched that will target the technology sector, the first major prize from this niche likely will be pulled in by a firm known more for its turnaround plays as Texas Pacific Group last week clinched a deal to acquire the semiconductor components division of Motorola Inc. […]

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Douglas Brent Bids Adieu to BT Capital –

20 years ago

Douglas Brent this month left his post as president of BT Capital Partners, the private equity arm of Bankers Trust Corp. in order to establish his own buyout firm. The move comes in the shadow of the imminent closure of the merger between Bankers Trust and Deutsche Bank that likely will produce a restructuring of […]

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Doughty Gets a Kick Out of Umbro Europe –

20 years ago

London-based Doughty Hanson & Co. at press time had acquired Umbro Europe Holdings Ltd., a manfuacturer of soccer equipment and apparel, for approximately $145 million in cash. According to a statement from Lawrence Ramaekers, chief executive of Umbro International and a principal at turnaround consulting firm Jay Alix & Associates the sale of Umbro Europe […]

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Phildrew Ventures Looks To Acquire French Co. –

20 years ago

Phildrew Ventures last month announced its intention to acquire Groupe Valfond, a quoted French castings supplier, in a FFr2.5 billion deal ($403.5 million). The transaction, which is subject to EC clearance, ranks as the largest deal led to date by Phildrew and is also the first deal the firm has led in France. The acquisition […]

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Connecticut State Looks To Pare BackFund Commitments –

20 years ago

The State of Connecticut Treasury Department has begun renegotiating its position in at least six buyout partnerships because it believes it is overexposed to alternative assets. The case may mark the first example of a limited partner looking to pare back partnership commitments across the board. The $18.5 billion pension, for now, is trying to […]

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Slowly, Private Equity Begins to Work for Unions –

20 years ago

Buyout firm general partners may recall a saying from their childhood on what to bear in mind when confronted with a strange beast: “It’s just as afraid of you as you are of it.” It is a maxim that might be wise to remember as buyout firms begin to encounter that most uncanny of beasts, […]

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