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CBRE Group’s agreement to acquire a majority stake in Caledon Capital Management promises to boost the Toronto investment manager’s access to institutional clients and deals worldwide. CBRE, a Los Angeles real estate firm, last week said it would buy a control position in Caledon. Expected to close shortly, the deal is less about an ownership change than it is about “bringing on a strategic partner to grow the business,” Caledon Partner David Rogers told PE Hub Canada. Rogers, formerly head of private equity at Ontario Municipal Employees Retirement System, launched Caledon a decade ago to help institutional investors find new ways to access alternative assets.

Having nearly sealed a deal a year ago to sell Jordan Health Services, Palladium Equity Partners is gearing up to take the home-care and hospice provider back to market for a third time, Buyouts has learned. The firm has not selected a financial adviser to conduct a sales process for the Texas company, but it’s […]

Jamieson Wellness, a vitamin and natural health products company, priced its recently filed initial public offering in Canada. The Windsor, Ontario, company plans to raise $300 million from an expected sale of common shares at $14 to $16 per unit, the updated prospectus shows. Founded in 1922, Jamieson was family-owned before being acquired by U.S. private equity firm CCMP Capital Advisors in 2014 for more than $300 million. The IPO will include a secondary sale by CCMP.

Fund IV targets $5 bln, no cap Fund IV launched this month Fund III around 70 pct deployed Dyal Capital Partners isn’t wasting any time. Fresh off the final close of its third flagship fund, which raised $5.3 billion for minority investments in private equity management companies, the firm this month launched its fourth pool […]

Premier Home Health Care Services Inc, the New York-concentrated provider of primarily non-medical senior-home-care services, is exploring a sale, according to four sources familiar with the matter. JP Morgan Securities is financial adviser to the White Plains, New York, home-care company, the sources said. Premier is being marketed to sponsors and strategics, two of the […]

Bastian Lueken joined from Platinum Equity Worked on deals in Europe Firm targets 1 bln euros for debut fund Novalpina Capital, launched by former TPG Europe chief Stephen Peel, has hired Bastian Lueken, who led an M&A group focusing on European investments at Platinum Equity, sources told Buyouts. Lueken started at Novalpina this month, sources […]

New strategy led by Brian Schwartz Fund will target stable companies Lower return profile than core PE funds H.I.G. Capital has launched a fund that will target less complex situations and stable companies with lower return profiles than in its core private equity funds, according to three limited partners familiar with the situation. The Miami firm […]

Eric Hanno promoted to Herchel’s role Herchel joined AlpInvest in 2004 Hanno rejoined in 2015 from Partners Group Marek Herchel, head of North American fund investing at AlpInvest Partners, has left the Carlyle Group-backed firm, spokesman Randy Whitestone confirmed for Buyouts. Principal Eric Hanno has been promoted to managing director and is now leading North […]

Andrew Balson left Bain Capital in 2013 Firm hired General Catalyst Partner Justin Roberts this year Targeting up to $1 bln for debut fund After a false start, former Bain Capital executive Andrew Balson has launched his own firm and is raising a debut fund. Balson launched Cove Hill Partners this year. The debut fund is […]

Francisco Partners has put PayLease up for sale, more than two years after buying the company, according to four sources. The San Francisco private equity firm tapped Raymond James to find a buyer, sources said. PayLease is expected to fetch $300 million to $400 million, one source said. The auction is expected to attract middle-market […]