Blackhawk Specialty Tools LLC, a Houma, La.-based maker of automated top drive cement heads for the deepwater offshore oil and gas industry, has raised an undisclosed amount of equity funding from Rock Hill Capital Group.
Fundraising Updates: Snow Phipps, Baird, Northern Trust, Thayer Hidden Creek, Rockland, Maranon Mezz
The following seven pieces of fundraising news have been culled from recent SEC filings: Thayer Hidden Creek, a Washington, DC, and Minneapolis-based lower middle market private equity firm, is raising its second fund. Thayer Hidden Creek Partners II, L.P. has a target of $350 million. The fund has raised $84.8 million from 10 investors to date. Berchwood Partners is listed as a placement agent to the fund. Baird Capital Partners is raising its fifth buyout fund. The fund was formed in 2008, and its target is listed as $376.2 million. The firm has closed on $130 million as of February 8. Thomas Capital Group, Inc. and Robert W. Baird & Co. itself have been listed as placement agents to the fund. Rockland Capital is raising a fund called Rockland Power Partners LP. The vehicle was formed in 2008 and has collected $100.4 million in commitments from 19 investors as of February 9. The fund has a $500 million target. Berchwood Partners is serving as the firm's placement agent. Rockland, based in Houston and New York, was formed in 2003 to acquire and develop selected investment opportunities in the North American and European power and energy infrastructure markets.
NEW YORK (Reuters) – Blackstone Group LP (BX.N) is preparing to restructure the debt of Hilton Worldwide Inc, bankrupt investment firm Lehman Brothers Holdings Inc (LEHMQ.PK) said in court filings. The restructuring would deleverage Hilton’s capital structure by as much as $3.8 billion, Lehman said in the filings, dated Feb. 23. The plan also proposes […]
Active Interest Media Inc., a portfolio company of Wind Point Partners, has acquired all equine titles and online properties published by Source Interlink Media and by Horse Media Group. No financial terms were disclosed. PRESS RELEASE Active Interest Media, Inc. (AIM, www.aimmedia.com) today announced it has acquired all equine titles and online properties published by […]
André Jaeggi has joined VC exchange fund operator The Founders Club as chairman. He previously was a managing director with Adveq.
Johnny Randel has joined private equity advisory StepStone Group as chief financial officer and chief operating officer. He previously was with Citi Private Equity, and will work out of StepStone's new office in New York City.
Evercore Partners (NYSE: EVR) has acquired "key assets" of Neuberger Berman's private funds placement group, which is headquartered in London. No financial terms were disclosed, except that the transaction includes possible earnout payments.
Alibris Inc., an Emeryville, Calif.-based online marketplace for new and used books, has acquired Monsoon, a Portland, Ore.-based marketplace selling solutions company, for an undisclosed amount of cash and stock. Oak Hill Capital, which acquired Alibris in 2006, and Square 1 Bank helped finance the transaction.
HONG KONG/SHANGHAI (Reuters) – U.S. buyout giant Carlyle Group will team up with China’s largest non-state-owned conglomerate Fosun Group to launch a $100 million yuan-denominated private equity fund, part of a global strategic alliance to share resources, the companies said on Wednesday. Carlyle and Fosun, a unit of Fosun International Ltd (0656.HK), have initially committed […]
AMSTERDAM (Reuters) – HSBC (HSBA.L) has launched the 2 billion pound ($3.1 billion) sale of its British rolling stock leasing company, with financial investors seen as the most likely buyers, several people familiar with the matter said. HSBC is assuming the asset has an enterprise value of 2 billion pounds based on a staple debt […]