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Four years after buying a majority of TCW Group Inc, Carlyle Group may seek to sell its stake in the asset manager, according to three sources. The buyout shop has hired Goldman Sachs to explore options, people said. Carlyle will likely opt to offload a minority of TCW, the people said. Carlyle has yet to decide what […]

As Boston’s Bain Capital has illustrated on more than one occasion in recent months, a strategic angle has proved a key element as it emerged as the victorious bidder for healthcare software-as-a-service company ZirMed. The recently announced marriage of Bain’s Navicure and ZirMed, backed by prominent VC firm Sequoia Capital, undoubtedly creates a threat to […]

Blue Wolf Capital Partners is exploring the sale of Pharmaceutical Strategies Group, a provider of technology that helps companies manage drug spending, according to three sources familiar with the matter. Jefferies is financial adviser to the Plano, Texas, pharmacy-benefits consultant, Buyouts has learned. The process is in its early stages, sources said. As a hybrid healthcare IT […]

H.I.G. Bayside Capital has put the tax preparer Jackson Hewitt Inc up for sale, four sources said. Jefferies and Piper Jaffray are advising on the process, two of the sources said. Jackson Hewitt, Jersey City, New Jersey, provides tax-preparation services for mainly low-income customers. The company has about 6,000 franchised and company-owned locations, including 3,000 Wal-Mart stores. How […]

Urology Group is poised to be among the next urologic-care providers to gain private equity backing in one of the latest physician specialty areas deemed ripe for consolidation. The Midwest-concentrated provider of treatment for urological and reproductive conditions has retained healthcare-focused Provident Healthcare Partners to advise on a sales process, Buyouts has learned. While physician-services […]

HighTower Advisors, an independent wealth management firm, is up for sale, three sources said. JP Morgan is advising on the process, one of the sources said. HighTower, a registered investment adviser, provides management services to wealthy individuals, endowments and foundations. The Chicago firm, which is not affiliated with a bank and can offer many different […]

Final bids for BluePay Processing have been pushed to early October, according to two sources. Offers for the Naperville, Illinois, payment-processing-services provider had been expected in September but were pushed back, one of the sources, a banker, said. The BluePay auction has undergone a “little bit of a course correction” after Vantiv made its $10 […]

PE 2012 posted stellar recovery from global crisis Top-quartile returns for vintage highest since 2003 Platinum, Genstar and TSG led performance The year 2012 was stellar for private equity performance as the industry recovered from the global financial crisis and GPs deployed capital into a strengthening economy. Top-quartile returns for vintage 2012 domestic buyout and […]

Fund has longer hold periods than traditional PE fund Debut beat original $850 mln target LPs include families, endowments, foundations Cove Hill Partners, the firm launched by former Bain Capital executive Andrew Balson, closed its debut, longer duration fund on more than $1 billion for consumer and technology investments, sources told Buyouts. Cove Hill Partners […]

Insight Venture Partners is exiting eVestment, the data company it has backed for more than nine years. Nasdaq said Sept. 5 that it would buy eVestment for $705 million. The exchange operator said it would fund the deal with cash and debt. The sale is expected to close in the fourth quarter. Founded in 2000, eVestment provides […]