John Lane has been named director if investments for the Ohio Public Employees Retirement System (OPERS). He previously ran pension investments for Eastman Kodak and served as chief investment officer for the Pennsylvania Public School Employees’ Retirement System. Former investment chief Jenny Hom stepped down in May, and was later replaced on an interim basis by Richard Shafer.
Vince Hemmer has “retired” from Chicago-based private equity firm GTCR, according to the Chicago Tribune. He had joined the firm in 1996, becoming a principal in 2001. www.gtcr.com
NEW YORK (Reuters) – Piper Jaffray Cos (PJC.N) on Monday said it will acquire Advisory Research Inc in a $218 million deal to expand its asset management business. Chicago, Illinois-based Advisory Research has $5.5 billion in assets under management. Piper Jaffray will pay $178 million in cash and $40 million in restricted stock. Brien OBrien, […]
Robert Walls has joined Clear Channel Communications as executive vice president and general counsel. He had been a co-founder and managing director with Post Oak Energy Capital, a private equity and debt firm focused on the energy services market. Clear Channel is owned by private equity firms Bain Capital and THL Partners.
NEW YORK (Reuters) – Financial software SS&C Technologies Holdings Inc filed for an initial public offering of up to $300 million on Monday. SS&C Technologies’ software is used in trading, modeling and portfolio management and reporting. The company said in a regulatory filing with the U.S. Securities and Exchange Commission that it has 4,500 clients. […]
Carnegie Investment Bank, a Stockholm-based portfolio company of Altor Equity Partners and Bure Equity, said that it will spin off its asset management operations into an independent company. Altor and Bure would be the new company's "main owners."
NEW YORK (Reuters) – Debt-laden radio company Clear Channel on Monday said its outdoor unit completed raising $2.5 billion in the high-yield debt market, removing concerns about the company’s short-term liquidity. Proceeds will be used to repay debt owed to Clear Channel. Private equity firms THL Partners THL.UL and Bain Capital together bought radio operator […]
Accel-KKR has completed its $40.82 million acquisition of the assets and liabilities of customer service software provider KANA Software Inc.
TOKYO (Reuters) – A state-backed turnaround fund may seek to put Japan Airlines Corp through bankruptcy court as part of a restructuring of the struggling carrier, two sources with knowledge of the matter said. JAL applied in October to the Enterprise Turnaround Initiative Corp of Japan, a fund established this year to help revive firms […]
Thoma Bravo has agreed to acquire AMICAS Inc. (Nasdaq: AMCS), a Boston-based provider of image and information management solutions. The deal is valued at approximately $217 million, with AMICAS stockholders to receive $5.35 per share (21% premium to last Thursday's closing price). Raymond James & Associates is serving as financial advisor to AMICAS, which may solicit alternative proposals for the next 41 days.