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The firm is eyeing a first close later in September Fund I netting a 16 pct IRR Received $25 mln commitment from Illinois Municipal New MainStream Capital is poised to hold a first close later this month on its third fund, targeting $350 million, according to an investor presentation obtained by Buyouts. New MainStream will […]

Tech growth fund to target up to $2 bln Firm’s tech investments led from Silicon Valley office Several firms are raising growth vehicles Permira is talking to limited partners about launching its debut tech growth fund, which is expected to target $1.5 billion to $2 billion, according to LPs with knowledge of the situation. The firm […]

Private equity-backed healthcare IT firm Influence Health has retained Houlihan Lokey to explore a sale, Buyouts has learned. The process comes five-plus years after Silver Lake Sumeru acquired the company, then known as MedSeek, alongside Essex Woodlands Health Ventures and management. Council Capital exited its investment in connection with the May 2012 deal. The middle-market […]

CCMP Capital Advisors prevailed in the auction for Eating Recovery Center, a deal expected to produce a 4x return for exiting shareholder Lee Equity Partners, Buyouts has learned. New York-based CCMP’s winning bid concludes what was said to be a robust process conducted by Moelis & Co, resulting in a deal valued at $550 million to $600 […]

Palladium Equity Partners hired Houlihan Lokey to run what will represent its third sales process for Jordan Health Services, Buyouts has learned. Middle-market-focused Palladium nearly sold the home-care and hospice-services company in 2016 to turnaround-focused Blue Wolf Capital, following an auction conducted by Raymond James & Associates, Buyouts previously reported. Palladium turned to Jefferies in an […]

Healthcare dealmaking has seen no summer slowdown. With healthcare-services transactions accounting for what PitchBook says is almost two-thirds of the more than 300 PE-backed deals through Aug. 8, the amorphous segment called pharma services has been a standout. The demand for such services continues to be fueled by drug makers, which are eager to deploy […]

Interest deduction seen as important revenue raiser Losing deduction would hurt profits of PE and investors PE lobby coordinating with other industries to prevent shift The deductibility of interest payments is becoming increasingly central to Republican tax-reform plans this year. Companies often assume large amounts of debt when they’re acquired by private equity firms. If those companies […]

Owl Rock targeted $3 bln to $5 bln for its BDC Expects to close fundraising in Q4 Credit fundraising stays strong Everybody is raising a credit fund. That is a common refrain in the market these days, a reflection of the push by firms to expand their businesses into credit. As well, some firms just […]

AreaOne Farms wrapped up its third farmland private equity fund, raising $130 million thanks to institutional investors seeking initial access to agricultural assets. AreaOne Farms Fund III exceeded by 30 percent its $100 million target in a close last month, Joelle Faulkner, president and chief executive of AreaOne, told PE Hub Canada. The fund secured 4x the combined total raised by its two predecessors over 2013-2014. The Toronto firm achieved this by signing up more limited partners, including first-time institutional backers.

Thoma Bravo targets $750 mln for debut credit fund Hires Summit credit exec to help launch strategy Joins other tech-focused firms in diversifying into credit Thoma Bravo recently hired Jack Le Roy from Summit Partners to help launch a credit product as several tech firms diversify their strategies beyond buyouts, according to an SEC filing and […]