As promised, the slides to the keynote presentation given by Thomson Reuters' Matt Toole. The presentation covers fundraising, deal, cross border, and performance data for the first three quarters of the year. Some surprising stats, which I tried to keep up with in my liveblog. Download the full presentation here.
NEW YORK (Reuters) – U.S. casual clothing retailer Steve & Barry’s is set to announce this week it will go out of business, the Wall Street Journal said, citing two people familiar with the situation. Steve & Barry’s spokesman Christopher Fugarino declined to comment. Bay Harbour Management LC, a private equity firm based in New […]
Reporting from the Beverly Hills Hotel in sunny 90210, peHUB brings you a live and uncensored take on the state of left coast private equity. In a marathon liveblogging session, I'll be covering a keynote address from Thomson Reuters' Matt Toole, a keynote interview with Antony Ressler of Ares Management, and an LP panel. 1:14 The curtains have been drawn, and Matt Toole has taken the stage. Bring on the slideshow. 1:16 Missed the first two slides. He's saying co-investments and local offices in Asia will lead cross border investments. 1:17 We haven't seen a deal over $5 billion since July of last year. The decline in deals under that value is only in the 40 percentile, versus a 95% decline for
VMG Equity, a San Francisco consumer products-focused PE firm, has purchased a controlling stake in Robert’s American Gourmet Foods, a healthy snack maker based in New York. While I don’t know the multiple or price, this deal looks like a score for VMG. The target was highly sought after with a strong brand and revenue growth in […]
Whitcraft, a portfolio company of Golub Capital, has acquired Reliable Manufacturing Co., a Bloomfield, Conn.-based maker of precision components for the aerospace industry. The deal included $25 million in subordinated notes arranged by Golub.
Canterbury Park Capital has acquired around 58.2 million additional common shares of Paragon Pharmacies Ltd. (TSX: PGN), for around C$23.2 million. It now holds over 68 million shares, or a 69.9% ownership position.
American Internet Services Inc., a San Diego-based provider of data center co-location services, has acquired San Diego data center Complex Drive. No financial terms were disclosed. Seaport Capital recently acquired AIS, alongside Viridian Investment Partners and DuPont Capital Management.
Wellman Inc., a bankrupt portfolio company of Warburg Pincus, said that the court has approved its reorganization plan. This company will sell $120 million of convertible notes via a rights offering in exchange for $90 million in cash, with its first and second-lien holders tol receive 70% and 30% of its common stock, respectively.
Pennington Allen Capital Partners has acquired the 25% stake it did not already own in Bliss Industries LLC, a Ponca City, Okla.-based maker of hammermills, pelletmills, coolers and related equipment. No financial terms were disclosed. As part of the transaction, Bliss president Greg Alles will take over as CEO, with company founder Bill Bliss retiring.
Rotorcraft Leasing Company LLC, a Broussard, La.-based portfolio company of H.I.G. Capital, has acquired of the production management flight services business of Bristow Group Inc. (NYSE:BRS). No financial terms were disclosed.

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