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L Capital, Lancer Group, private equity, executive search, Bart Foster
Inaugural fund raised ~$20 mln in December 2016 LP base: wealthy investors and execs, a few family offices Firm gains co-investment rights through pre-deal advisory and executive-search services As L Capital gears up to launch a fundraising process for its second fund later this year it won’t be seeking out traditional investors. That’s because L Capital, […]
MiddleGround Capital, Monomoy Capital Partners, private equity, Christen Paras
Expected to hit market with debut fund soon Still early days of firm formation John Stewart was a partner at Monomoy Three executives from Monomoy Capital Partners who left last year have formed their own shop that will have a heavy emphasis on operations, sources told Buyouts. Ex-Monomoy Partner John Stewart, Directors Scot Duncan and Lauren Mulholland […]
private equity, Congress, House, Senate, legislation, John Cornyn, Robert Pittenger, venture capital
Bill expands jurisdiction of deals reviewed by CFIUS CFIUS rejected PE-backed semiconductor deal last year ILPA shares American Investment Council’s concerns Private equity’s lobbying arm is directing its attention toward a new bill that could complicate PE deals led by firms backed with foreign cash. The proposed bill would expand the scope of the Committee on […]
Investcorp has made another automotive-aftermarket deal. The Bahrain investment firm said April 12 that it acquired KSI Trading Corp. Terms weren’t disclosed. Wayne Jan and Nelson Rodgers, who co-founded KSI in 1984, were the sellers. Investcorp is buying all of the South Plainfield, New Jersey, company, said Steve Miller, a managing director of Investcorp’s corporate […]
Blackstone Group, autism, healthcare, mental health, private equity, merger, M&A, Center for Autism and Related Disorders
CARD generated 2017 adj Ebitda ~$23 mln Advisers: Berkery Noyes sell-side; Cain Brothers buy-side Tony James FO sold ALP to FFL for >$270 mln in December A few months after the family office of Blackstone Group’s executive vice chairman, Tony James, got out of the autism business, the executive is getting back in through the funds […]
Fund III allows company to spin out assets into special purpose vehicles LPs must approve such deals Investors can choose to sell their exposure to companies or roll into SPVs Atlas Holdings, whose latest fund recently closed at $1.67 billion, negotiated an innovative provision letting it hold investments beyond the traditional 10-year life of a private […]
Frazier Healthcare Partners has raised its second pool of capital focused exclusively on growth buyouts of profitable lower-mid-market healthcare companies. Frazier Healthcare Growth Buyout Fund IX collected $780 million, surpassing its $700 million target. Investors included existing and new limited partners, including endowments, public/private pension funds and financial institutions. The GP commitment will represent 4 percent […]
Lime Rock Partners, Evercore, private equity, mergers, M&A
Lime Rock seeks to hold strong performing CrownRock longer Most of Fund IV value wrapped up in CrownRock LPs can cash out of Fund IV or roll into new vehicle Lime Rock Partners, an oil-and-gas-focused firm, is working on a liquidity process for its fourth fund, which has most of its value wrapped up in one investment called […]
Blue Wolf Capital Partners, Kelso & Co, Palladium Equity Partners, Jordan Health Services, private equity, healthcare, merger, M&A
Tested market twice before, via Raymond James, Jefferies Palladium to fetch >4.5x return Home-health firm scores 9.5x to 10.5x Ebitda multiple Blue Wolf Capital Partners and Kelso & Co have joined forces to recapitalize Palladium Equity Partners’ Jordan Health Services in a deal valued around $700 million, according to people with knowledge of the situation. The […]
New Mountain Capital has put Information Resources Inc up for sale, three sources said. It’s unclear how much New Mountain is seeking for the Chicago company or who is advising. IRI provides market-measurement data and services to healthcare organizations, retailers and media. News of the sale comes a year and a half after New Mountain last considered […]
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