Steve Gelsi wrote a new post, Buyouts Snapshot: 5 Qs with Jim Gasperoni, partner, FLAG Capital Management, on the site PE HUB 1 week, 3 days ago
Buyouts sat down and talked with Jim Gasperoni, who leads the real assets investment program at FLAG Capital, on LP appetite around energy opportunities in the environment of depressed oil prices.
1. What’s the universe for lower middle-market energy funds outside of the mega-fund arena now compared to a few years ago?
When we looked at the…[Read more]
Steve Gelsi wrote a new post, Buyouts Snapshot: Cinven eyes $5.5 bln for sixth Euro-focused buyout fund, on the site PE HUB 3 weeks, 3 days ago
Cinven is readying a formal fundraising effort this fall for its sixth flagship fund, targeting about $5.5 billion with about half of the commitments expected to come from U.S. limited partners seeking access to […]
Steve Gelsi wrote a new post, Buyouts snapshot: Audax selling Koda Distribution Group for up to $360 mln, on the site PE HUB 2 months, 1 week ago
Boston-based Audax Group has put its acquisitive portfolio company Koda Distribution Group up for sale in a deal that could fetch up to $360 million for the chemical products specialist, according to […]
Steve Gelsi wrote a new post, Buyouts Snapshot: Texas firm Sterling Group raises $1.25 bln for Fund IV in three months, on the site PE HUB 2 months, 1 week ago
Sterling Group, the Houston-based middle-market firm, took about three months of formal fundraising to raise the largest buyout pool in its history, with $1.25 billion in commitments for Sterling Group Partners […]
Steve Gelsi wrote a new post, Buyouts Snapshot: Carlyle’s private equity fund for individuals tops $100 mln, on the site PE HUB 3 months, 2 weeks ago
The Carlyle Group has drawn in nearly $108 million for Carlyle Private Equity Access Fund 2014 since last November, as the New York firm reaches out to high net-worth individuals to broaden its investor base beyond big institutions.
After filing its first Form D for the fund on Nov. 11, Carlyle disclosed nearly $38 million in February and added…[Read more]
Steve Gelsi wrote a new post, With CPPIB’s muscle behind it, Antares to be ‘very competitive’ on loan pricing, on the site Canada 3 months, 3 weeks ago
Canada Pension Plan Investment Board’s pending US$12 billion deal to buy Antares Capital from General Electric Co marks its largest acquisition to date as the $265 billion retirement system looks to add a “large, scalable and growing opportunity” offered by the largest player in U.S. middle-market loans, a key CPPIB executive said.
Vista Equity Partners is mulling potential acquisitions at or above $10 billion, with valuations below peak levels in the tech sector despite lofty prices, said the firm’s Chief Executive Officer Robert Smith.
Vista Equity has been getting a look at software deals in the $10 billion-plus range now being shopped in the M&A market, but Smith…[Read more]
Steve Gelsi wrote a new post, Buyouts Snapshot: SEC’s Wyatt spotlights co-investments, parallel fund fees, dry powder, on the site PE HUB 4 months, 3 weeks ago
He didn’t drop a bombshell like his predecessor did a year ago, but Marc Wyatt, the SEC’s top examiner for the private equity industry, said the regulator continues to see problems that need to be fixed.
Steve Gelsi wrote a new post, Private equity tops $100 bln in shadow capital in 2014: Triago Quarterly, on the site PE HUB 5 months, 2 weeks ago
Money raised outside of traditional private equity funds for co-investments, separate accounts and direct investments continues to pile up under a newer fundraising data point often described as shadow […]
Steve Gelsi wrote a new post, Buyouts Snapshot: Talking top quartile with Allan Holt of Carlyle Group, on the site PE HUB 5 months, 2 weeks ago
Carlyle Partners IV, the vintage 2005 fund from The Carlyle Group, rang up an IRR of 14.8 percent as of Dec. 31, 2013, for the California Public Employees’ Retirement System.
The result beats the top-quartile […]
Steve Gelsi wrote a new post, Bain sees IPO potential for $2.4 bln Blue Coat Systems buyout, on the site PE HUB 6 months, 2 weeks ago
Bain Capital sees an IPO in the cards for cybersecurity company Blue Coat Systems Inc, according to a deal-maker for the marquee private equity firm.
David Humphrey, managing director at Bain Capital, said Bain’s pending $2.4 billion purchase of Blue Coat from Thoma Bravo is the result of studying the information technology security…[Read more]
Steve Gelsi wrote a new post, Five Questions with Cheryl Lynette Hines, Teacher Retirement System of Texas, on the site PE HUB 6 months, 3 weeks ago
The director of the Teacher Retirement System of Texas’s emerging manager program answers five questions, including what TRS looks for in emerging managers, if the funds it has committed to share any traits, and what the future holds.
What are you looking for from emerging managers?
The market environment has been getting more challenging.…[Read more]
Steve Gelsi wrote a new post, ARC Financial near $1 bln first close of Fund VIII, on the site Canada 6 months, 4 weeks ago
ARC Financial Corp, the Calgary-based investor in Canadian oil and gas projects, is approaching a first close on about $1 billion for its eighth buyout fund, according to a source familiar with the firm.
Headed by Co-CEOs Kevin Brown and Lauchlan Currie, ARC Financial waded into the fundraising market about 10 weeks ago for ARC Energy Fund 8.…[Read more]
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 7 months, 4 weeks 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 8 months, 1 week 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 8 months, 3 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 9 months 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 10 months 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 10 months, 3 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]
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