Graydon Carter and TPG reportedly in talks over new media company: New York Post

By Iris Dorbian — 2 days ago

Graydon Carter, the former editor-in-chief of Vanity Fair, is reportedly in talks with TPG Capital, about his new media company, which could launch before the end of the year, according to the New York Post. The venture would focus on “at least at first, on wealthy and famous European families, including Britain’s royal family,” said the newspaper. When contacted by the Post, TPG, which owns a stake in Vice Media, declined comment. Carter ended his 25-year-run at the Condé Nast publication last December.

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Cornell Capital rakes in over $1.3 bln for fund

By Iris Dorbian — 2 days ago

New York and Hong Kong-based Cornell Capital has raised $1.325 billion for its debut multi-asset private equity fund. The firm, which was founded in 2013 by Henry Cornell, the former vice chairman of Goldman Sachs‘ merchant banking division, invests in the consumer, energy, financial and industrial sectors.

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Autolus goes public

By Iris Dorbian — 2 days ago

London-based Autolus, a biopharmaceutical company focused on developing and commercializing T-cell therapies, has raised about $150 million after pricing 8.8 million shares of its IPO at $17 per share. The stock began trading June 22, 2018 on the NASDAQ under the ticker symbol “AUTL.” Goldman Sachs and Jefferies LLC are the lead underwriters. Autolus’pre-IPO backers include Arix Bioscience plc, Cormorant Asset Management, Nextech Invest, Syncona and Woodford Investment Management.

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PE-backed MIR acquires Van Con

By Iris Dorbian — 2 days ago

Midwest Industrial Rubber, a portfolio company of Incline Equity Partners, has acquired Michigan-based Van Con Inc, a distributor of conveyor belting for the food, paper, industrial and automotive industries. No financial terms were disclosed.

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Incline promotes two

By Iris Dorbian — 2 days ago

Incline Equity Partners has promoted Deanna Barry to managing director, CFO and Joe Choorapuzha to managing director. Barry joined the Pittsburgh-based lower middle-market private equity firm in April 2012 while Choorapuzha came on board in October 2015.

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SKY Leasing to sell Irish subsidiary to Goshawk

By Iris Dorbian — 2 days ago

SKY Leasing, an aircraft leasing company that is backed by the Public Sector Pension Investment Board and ATL Partners, has agreed to sell its Irish subsidiary Sky Aviation Leasing International Limited to Goshawk. No financial terms were disclosed. The deal is expected to be completed in the third quarter of 2018. Morgan Stanley provided financial advice to SKY Leasing on the transaction.

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Ball Corp and Platinum Equity to launch new packaging company Ball Metalpack

By Iris Dorbian — 2 days ago

Ball Corporation and Platinum Equity have agreed to form Ball Metalpack, a new packaging company that manufactures steel containers for aerosol products, food, household consumables, pet food, nutritional and other products in the U.S. Platinum Equity will own 51 percent of Ball Metalpack while Ball Corporation will own 49 percent. Also, Ball Corp will sell its U.S. steel food and aerosol packaging manufacturing assets to Ball Metalpack and receive more than $600 million in pre-tax proceeds. Goldman Sachs is providing financial advice to Ball Corporation while Skadden, Arps, Slate, Meagher & Flom LLP are serving as legal counsel. And, Latham & Watkins LLP is providing legal counsel to Platinum Equity.

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Allianz to take a stake in Greystar and PSP Investments’ Chapter

By Iris Dorbian — 2 days ago

Allianz Real Estate, a real estate investment and asset manager, is acquiring a stake in London-based Chapter, a student accommodation brand. No financial terms were disclosed. Chapter is backed by Greystar Real Estate Partners and the Public Sector Pension Investment Board. Eastdil Secured LLC and Jones Day advised Greystar and PSP Investments on the transaction with Linklaters LLP providing legal advice for PSP Investments. Savills and Herbert Smith Freehills advised Allianz.

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OpenGate sells NorPaper

By Iris Dorbian — 2 days ago

OpenGate Capital has sold NorPaper Group to Gemayel Freres & Chaoui Industriel Group. No financial terms were disclosed. NorPaper is a European maker of white top testliner.

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CalSTRS taps Chan as new deputy chief investment officer

By Iris Dorbian — 3 days ago

The California State Teachers’ Retirement System has hired Scott Chan as the new deputy chief investment officer. His appointment begins August 1, 2018. Chan joins CalSTRS from the University of California Regents where he was the senior managing director of its global equities portfolio.

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