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Victor Otley joined Gores in 2006 Small-cap fund raised $300 mln in 2012 Otley left in December at end of small-cap investment period Victor Otley, one of the co-founders of Gores Group’s small-cap investment fund, left the firm at year-end, according to sources. Otley updated his LinkedIn profile. He worked at Gores since 2006, helped lead […]

Economy, dry-powder levels to drive deal flow Operational focus most popular adaptation Continued emphasis on proprietary deal sourcing High transaction multiples and a lack of quality assets in the market are the most significant challenges facing PE this year, a PitchBook survey shows. The research firm in October and November collected forecasts for 2018 from dozens of […]

Pinnacle Renewable Energy Group, an industrial-wood-pellet maker and distributor, this week priced its recently filed initial public offering in Canada. The Richmond, British Columbia, company is seeking to raise $175 million by selling common shares at $13 to $15 per unit, the updated prospectus shows. The issue’s greenshoe option, if fully exercised, would bring the total raised to more than $200 million. Pinnacle has been majority owned by ONCAP, the mid-market private equity arm of Onex Corp, since 2011. Its IPO is 2018’s first in Canada backed by a PE firm. PE and venture capital firms looking to monetize their investments played a key role in the domestic IPO market last year, raising a combined $2.3 billion.

Firm began pre-marketing Fund IX in 2016 New fund expected to close in early 2018 Fund VIII returning 16.2 pct IRR through Q3 Nordic Capital is expected to hold a final close north of its 3.5 billion euro ($4.18 billion) target in early 2018, according to a source with knowledge of the fund. The firm […]

Berkery Noyes hired as sell-side adviser Auction to kick off after JPM Healthcare Conference FFL in December bought Autism Learning Partners in $270 mln-plus deal Center for Autism and Related Disorders, the nation’s largest provider of autism-treatment-services, is headed to the auction block, Buyouts has learned. The Woodland Hills, California, company has retained Berkery Noyes & […]

GPs try to control the message, especially in negative situations Confidentiality provisions have become overly broad Some LPs talk regardless of contract provisions Imagine this: You’re a limited partner in a 10-year-old private equity fund. The fund has not performed well and still has six remaining portfolio companies with no exit in sight. The general partner […]

Ackermann worked in European illiquid opportunistic credit Joins Searchlight’s growing partner group Searchlight closed second fund in 2015 A former Apollo Global Management executive, Ralf Ackermann, has joined Searchlight Capital Partners, according to people with knowledge of the move. Ackermann started at Searchlight at the beginning of the year. He is a partner based in […]

Thomas H. Lee Partners may still get to exit MoneyGram International, the money-transfer company it has owned for nearly a decade. MoneyGram and China-based Ant Financial Services Group “mutually agreed” on Jan. 2 to pull their proposed $1.2 billion merger after failing to get approval from the Committee on Foreign Investment in the U.S. The U.S. government rejected Ant’s […]

Yang joined Vista in 2007 Named co-head of Endeavor in 2016 Endeavor closed debut small-cap fund on $500 mln René Yang joined Vista Equity Partners in 2007 and worked on Foundation Fund. In 2016, the firm named her co-head of its microcap strategy, called Endeavor. The first Endeavor fund closed in April 2017 on $560 […]

Activist-pressured strategic buyers Mednax, Envision explore sales NEA, Great Point, Excellere among few investors in the sector today Risks: challenging reimbursement environment and physician comp structure It may be the perfect window of opportunity for private equity to make a run at radiology groups. To date, radiology has remained a vertical that PE — with a […]