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GI in market with fifth fund targeting $2.3 bln Moved to deal-by-deal carry structure in new fund Some LPs frustrated by change The switch by GI Partners, the Menlo Park, California, private equity firm, to deal-by-deal profit sharing on its newest fund has so frustrated some limited partners that they have passed on investing, Buyouts […]

CEO forum advised White House, led by Blackstone chairman Members decided to disband after Trump Charlottesville remarks After initial fanfare, advisory councils hadn’t met in months A White House advisory council led by Blackstone Group’s Stephen Schwarzman has disbanded in the wake of President Donald Trump’s widely criticized response to white supremacist violence in Charlottesville, Virginia. In […]

While KKR & Co’s involvement in billions of dollars of combined healthcare deal activity was revealed in a single day last week, the groundwork for at least two acquisitions dates back several years, a partner at the firm said. In the largest of the transactions, KKR-backed Air Medical Group Holdings bought American Medical Response, the […]

Onex Corp held an initial close on fundraising for its fifth flagship private equity fund, securing 80 percent of the US$6.5 billion target. In its report of second-quarter 2017 results, Onex said it raised US$5.2 billion for Onex Partners V in July. Included in the amount is US$3.1 billion of third-party capital. Additionally, Onex, a listed firm, committed US$2 billion, while management made a minimum 2 percent commitment. The close positions the fund to become the biggest in the Toronto investor’s 33-year history.

Founded 2007 as affiliate of North Bridge Venture Partners Rebrand emphasizes independent identity, specific strategy Invests in entrepreneur-owned tech in less-obvious locations By Eamon Murphy and Chris Witkowsky Guidepost Growth Equity, known through July as North Bridge Growth Equity, is targeting $400 million to $500 million for its third fund, according to sources in the market. Whether […]

Initial close at 80% of target on Onex Partners V Fund positioned to be the firm’s biggest Fund V would be 14 pct larger than 2014 predecessor Onex Corp held an initial close on fundraising for its fifth flagship private equity fund, securing 80 percent of the $6.5 billion target. In its second-quarter report Onex said […]

Ontario Teachers’ Pension Plan is close to sealing a deal for Northeast Dermatology Associates, according to people familiar with the matter. The transaction would mark the conclusion of a Browns Gibbons Lang-run process that got underway about four months ago. The auction for the New England dermatology group drew significant interest from sponsors, sources said. […]

Firm: Kline Hill Partners Fund: Kline Hill Partners Fund II Target: $300 mln Hard cap: $350 mln Amount Raised: N/A Kline Hill Partners, which focuses on small secondaries, is talking to limited partners about its second fund with a hard cap of $350 million, according to a person with knowledge of the situation. Kline Hill Partners […]

CCMP Capital Advisors earned 3x its investment in Jamieson Wellness following the vitamin maker’s recent initial public offering, two sources with knowledge of the matter told PE Hub Canada. Jamieson wrapped up its IPO on the Toronto Stock Exchange last month, raising more than $345 million, including the greenshoe option. Of these proceeds, about $100 million went to CCMP and other selling shareholders. Another part of CCMP’s realization came from a reorganization of the company’s capital prior to the IPO’s close. In the prospectus, Jamieson said it would use the bulk of its $245 million in treasury proceeds to make debt, dividend and other payments to CCMP linked to the capital change.

A recently proposed rule by the Centers for Medicare & Medicaid Services to overhaul the home-health-payment system could affect sponsors looking to unload providers over the next several months. How the federal agency’s rule could affect different types of providers is highly uncertain, though industry sources expect clarity by year’s end. Still, it’s fair to […]