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Neo Performance Materials, an advanced-materials supplier that emerged from bankruptcy in 2016, priced its recently filed initial public offering in Canada. The Toronto company is looking to raise $345 million by selling common shares at $19 to $22 per unit, the updated prospectus shows. The issue’s greenshoe option, if fully exercised, would bring the total raised to $345 million. All proceeds from the IPO will go to Neo Performance’s majority owner, Los Angeles distressed investor Oaktree Capital Management. This suggests Oaktree will likely reclaim a sizeable portion of the investment it made when it took control of the company a little over a year ago.

Botein formerly co-led BlackRock’s alternatives group Sachs has history of government work BlackRock took minority stake in Gallatin Point BlackRock has seeded a new firm, launched by the former co-head of its alternatives group, that invests in financial services, according to sources and regulatory documents. Matthew Botein, BlackRock’s former chief investment officer and co-head of its alternatives […]

Fund VIII expected back in the first half Likely to target at least $10.5 bln TPG has made slew of investments in Fund VII TPG Capital plans to come back to market with its next flagship fund in the first half of 2018 and possibly as early as Q1, according to two people with knowledge of […]

A spate of high-profile private equity deals has made the once-nerdy payments sector a superstar. In September, Hellman & Friedman agreed to buy Nets in a $5.3 billion deal from sellers Advent International and Bain Capital. The transaction had long been expected. Vantiv in August made a $10 billion offer for WorldPay, which was owned by […]

No limit for small businesses, certain real estate companies Corporate rates slashed to 20 pct Difficult to gauge impact in context of broader bill Republicans in the House of Representatives unveiled their new proposal to reform the tax code, which would limit the ability of private equity firms to deduct the cost of interest payments […]

Family office has made 11 private investments in ~3 years Hildred likely to bring in outside capital in 6-12 months Solomon: Crown’s sales could reach several-hundred-million-dollar range in 1-2 years The family office launched by former Forest Laboratories executives may be on a path toward more sizable deals as it weighs bringing in third-party capital, according […]

Pool can reload capital after deploying $1 bln Targets two to three platform investments LPs can ask for distributions after 10 years Glenn Hutchins, former co-chief of Silver Lake, and Robert Greifeld, who once ran Nasdaq, are raising as much as $2 billion for longer-hold fintech investments. Several GPs including Blackstone Group, Carlyle Group, CVC Capital […]

Clearlake V will likely be oversubscribed Previous two funds netting IRRs in excess of 35 pct Specializes in software/technology, energy, more Clearlake Capital Partners is targeting $2.5 billion for its latest flagship fund, which will likely be oversubscribed, according to an LP with knowledge of the fund. While the hard cap remains undetermined, strong demand […]

Median partner-level salary increase last year was 7 pct Median non-partner-level salary increase in 2016 was 8 pct Partners typically earn well over $300K That investors don’t want fund managers to get wealthy from management fees alone has been a mantra stretching back to the beginnings of the private equity industry. The idea: keep partners […]

Robin Selati who led consumer moves into senior adviser role Nicholas Alexos joins Dentsply Sirona Healthcare continues to be led by Tim Sullivan Two co-founders of Chicago-based Madison Dearborn Partners, Robin Selati and Nicholas Alexos, stepped back from their day-to-day leadership and into other roles, a spokesperson for the firm confirmed for Buyouts. The departures […]