TPG Capital LP drew in $6.5 billion in commitments for its first close on TPG Partners VII, its newest flagship fund that offered discounts on management fees for early investors, according to a person familiar […]
Steve Gelsi wrote a new post, Buyouts Snapshot: Move is on to raise SEC registration threshold, on the site PE HUB 3 weeks, 1 day ago
Less than three weeks ago, former U.S. Rep. Barney Frank caught some people by surprise when he came out in support of lifting the $150 million threshold for firms to register with the Securities and Exchange […]
Steve Gelsi wrote a new post, Buyouts Snapshot: Golden Gate stays conservative with 6x Angus Chemical buyout debt, on the site PE HUB 1 month ago
While debt-to-EBITDA multiples have drawn attention for reaching lofty levels during this time of relatively easy credit and ample dry powder, Golden Gate Capital’s buyout of Angus Chemical Co from Dow Chemical Co […]
Steve Gelsi wrote a new post, Buyouts Snapshot: CalSTRS adds opt-out for PE investments in banned guns, on the site PE HUB 1 month, 2 weeks ago
The California State Teachers’ Retirement System said it’s requiring an opt-out provision for private equity investments in firearms manufacturers that make assault rifles that are illegal in the […]
Steve Gelsi wrote a new post, Buyouts Snapshot: Cyprium reaches $460 mln in long fundraise after KeyCorp spinoff, on the site PE HUB 1 month, 3 weeks ago
Cyprium Partners has raised $460 million for Cyprium Investors IV LP, a private equity pool launched after the firm spun off from KeyCorp, the firm confirmed on Wednesday.
Cleveland-based Cyprium Partners filed its first Form D for Cyprium Investors IV in October, 2012, according to regulatory disclosures by the firm, recording its first date…[Read more]
Steve Gelsi wrote a new post, Need to Meet: Steve King, president and CEO, Alaris Royalty Corp, on the site Canada 2 months, 3 weeks ago
Steve King first saw the business opportunity for Alaris Royalty Corp while working as an investment banker for 12 years and helping middle-market companies raise capital.
While entrepreneurs often dreamed of taking their companies public, floating shares wasn’t always the best plan for some healthy businesses. Selling to a private equity firm…[Read more]
Steve Gelsi wrote a new post, Buyouts Snapshot: HIG Capital nears deal for Ferro Corp unit, on the site PE HUB 3 months, 2 weeks ago
H.I.G. Capital is nearing final negotiations to buy the Polymer Additives unit of Ferro Corp in a deal expected to fetch up to about $200 million, two sources said.
The unit of the publicly traded chemical firm generates about $230 million in annual revenue, with EBITDA of about $25 million, according to the sources.
The sale of the Polymer…[Read more]
Steve Gelsi wrote a new post, KKR mulls growth equity fund on heels of Magic Leap deal, on the site PE HUB 4 months, 1 week ago
Kohlberg Kravis Roberts & Co is mulling the launch of a growth equity fund after three recent minority investments that marked a departure from its focus on traditional buyouts.
Scott Nuttall, member and head of global capital and asset management group, mentioned the possibility of a growth fund today in a conference call about Q3…[Read more]
Steve Gelsi wrote a new post, Z Gallerie gets a new look with purchase by Brentwood: Buyouts, on the site PE HUB 4 months, 2 weeks ago
Brentwood Associates has bought a majority stake in Z Gallerie, a 50-store furniture retailer that got its start as a poster shop, according to peHUB affiliate Buyouts magazine, which cited a source.
Buyouts was unable to learn the size of the investment, which was made by Brentwood Associates Private Equity V LP, a $260 million fund raised…[Read more]
Steve Gelsi wrote a new post, Steve Young to PE pros: Huddle, embrace competition, on the site PE HUB 4 months, 3 weeks ago
Steve Gelsi wrote a new post, CPPIB eyes up to $5 bln for private equity funds in 2014, on the site Canada 5 months ago
The $227 billion Canada Pension Plan Investment Board (CPPIB) expects to invest up to $5 billion in private equity funds this year as the pension system faces a challenging environment for returns and high purchase price multiples in the deal market.
André Bourbonnais, senior managing director and global head of private investments, said CPPIB…[Read more]
Steve Gelsi wrote a new post, Hellman & Friedman reaches $10 bln for Fund VIII: Buyouts, on the site PE HUB 5 months ago
Hellman & Friedman said it has raised just about $10 billion for its eighth flagship buyout fund as the San Francisco generalist firm turns away some investor dollars as it nears its hard cap, according to an investor in the fund.
Steve Gelsi wrote a new post, How a strategic bidder beat sponsors for Tribeca Oven: Buyouts, on the site PE HUB 6 months ago
Tribeca Oven CEO Marc Essenfeld said the rapidly growing artisan bread maker seriously considered a private equity buyer when it moved to sell itself, but the New Jersey-based company went with a strategic buyer […]
Steve Gelsi wrote a new post, JPMorgan tops $1 bln for Digital Growth Fund II: Buyouts, on the site PE HUB 6 months, 3 weeks ago
JPMorgan Chase & Co said it has raised $1.05 billion for JPMorgan Digital Growth Fund II, the follow-up to a pool that wrapped up in 2011 and took a stake in Twitter Inc.
JPMorgan disclosed $1.05 billion raised […]
Steve Gelsi wrote a new post, Goldman whittles $1 bln from Volcker Rule portfolio: Buyouts, on the site PE HUB 7 months, 1 week ago
Goldman Sachs Group trimmed $1 billion in the first half of the year from alternative funds subject to the Volcker Rule, bringing the total figure down to $8 billion, according to recent comments by the marquee […]
Steve Gelsi wrote a new post, Pritzker Group’s Carbone pours cold water on co-investing: video, on the site PE HUB 7 months, 1 week ago
Paul Carbone of Pritzker Group threw a bit of cold water on enthusiasm for co-investments in private equity, arguing that direct investments offer a better fit outside conventional fund structures, at least for family offices.
Family offices “like the asset class” but have run up against limited…[Read more]
Steve Gelsi wrote a new post, Aecom eyes outside LPs for new $300 million infastructure/real estate fund, on the site PE HUB 8 months ago
Aecom Technology Corp, a publicly traded provider of technical and management support services with 45,000 employees, in early 2013 launched a $150 million private equity investment fund from its balance sheet, […]
Steve Gelsi wrote a new post, CalSTRS commits $743 mln to alternatives in Q1: Buyouts, on the site PE HUB 8 months, 3 weeks ago
The California State Teachers’ Retirement System committed $743 million to private equity investments during the first quarter, with a $200 million commitment to Clayton Dubiler & Rice Fund IX drawing the single […]
Steve Gelsi wrote a new post, Questioning terms, Oregon fails to back Warburg Pincus energy pool: Buyouts, on the site PE HUB 10 months ago
A proposed commitment to the Warburg Pincus Energy Fund failed to win approval by the Oregon Investment Council after the manager of the $70 billion state pension system raised questions over its economic […]
Trivest Partners, the Florida-based mid-market firm that focuses on deals with company founders and families, earned a 4.3x gross multiple on the sale of industrial distribution firm Hazmasters to Wesco […]
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