Aaron Dorr, a veteran banker recently let go by Jefferies & Co., has found a new home. Dorr has joined Sandler O’Neill and will head the firm’s asset management group, according to a statement. Dorr will be based in New York and will report to Brian Sterling and William Hickey, Sander’s co-heads of investment banking.
Acadia Healthcare Co., which is backed by Waud Capital Partners, has named Joey Jacobs its CEO. Jacobs is the former CEO of Psychiatric Solutions, which was sold to Universal Health Services last year. Many of Psychiatric Solutions's management team have also joined Acadia, according to a statement. Nashville-based Acadia develops and operates behaviorial healthcare facilities across the U.S.
Alan Kahn has joined 6Pacific as an advisor and operating partner. Kahn has held senior management positions at J.R. Simplot, H.J. Heinz and McCain Foods. 6Pacific, with offices in Los Angeles and Windsor, Ontario, provides M&A advisory services and also makes minority equity investments in consumer companies.
Morton's Restaurant Group said Wednesday that it is exploring strategic alternatives, which may include a sale. Morton's, which is owned by Castle Harlan and Lauren Crown Partners, has hired Jefferies & Co. as its financial advisor.
Rubber producer Yulex Corp. has closed on $15 million in financing led by Argonaut Private Equity. The money will help Yulex expand its natural rubber production capabilities, the company said in a written statement. Argonaut Private Equity was founded in 2002 and is based in Tulsa, Oklahoma.
Zillow Inc., a real estate data company backed by Legg Mason Capital Management, Benchmark Capital and PAR Capital Management – has hired Citigroup to manage its initial public offering, Reuters reported, citing a Bloomberg story. The exact timing of the IPO was not released. Zillow is based in Seattle.
Expanding it’s presence in India, Goldman Sachs plans to buy Benchmark Asset Management Co., a firm with about $700 million in assets under management, Reuters reported. Terms of the deal were not released, though local media reported that Goldman will pay roughly $29 million. Goldman Sachs has invested about $2 billion in private equity in India since 2007, including a stake in insurer and hospital operator Max India Ltd., Reuters wrote.
The Blackstone Group is offering to sell its 50 percent stake in Universal Orlando, the operator of Universal Studios theme parks in Orlando, Fla., to NBC Universal Inc., according to a company filing. Blackstone bought its stake in the company in 2000 for $275 million, according to press reports at the time. The firm has […]
youDevise, of London, has agreed to buy Boston-based First Coverage. Financial terms were not announced. The companies provide online services that allow institutional investors to receive short- and long-term trade ideas from their brokerage firms. Commonwealth Capital Ventures of Boston, GrandBanks Capital of Boston, and JLA Ventures of Toronto were original investors of First Coverage.
Today is KKR's first ever investor day. I've been listening to the webcast (plan to attend the event later) but so far there hasn't much new coming out. George Roberts, who helped co-found the buyout shop in 1976, started out the meeting. KKR had $61 billion in assets under management as of Dec. 31. The PE firm has been "luckier than I've ever imagined," Roberts said.