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Onex Corp has set a US$6.5 billion target for its fifth flagship fund, which would be the largest in the private equity firm’s 33-year history. In its report of first-quarter 2017 results, the Toronto investor said it recently launched fundraising for Onex Partners V. Onex, a listed firm, plans to commit about US$2 billion. Closing on US$6.5 billion would give the fund about 14 percent more in committed capital than its predecessor, which collected US$5.7 billion in 2014.

TA Associates is putting BluePay Processing up for sale, according to three sources. Credit Suisse is advising on the deal, the people said. The auction is set to launch in the summer, one source said. BluePay is expected to fetch $700 million to $800 million, the person said. BluePay, Naperville, Illinois, provides payment-processing services for merchants and […]

Toronto firm targets $6.5 bln for Fund V Onex itself will commit about $2 bln Fund at target would be 14 pct larger than previous Onex Corp has set a $6.5 billion target for its fifth flagship fund, which would be the largest in the private equity firm’s 33-year history. In its report of first-quarter […]

RiverGlade formed by Sterling Partners healthcare executives Danny Rosenberg, Garrick Rice left earlier this year Debut fund targets $300 mln Two healthcare-focused executives from Sterling Partners have formed RiverGlade Capital, which has hit the market with its debut fund. The Chicago firm’s first fund is targeting $300 million with no cap, two limited partners with knowledge […]

Bain Capital Private Equity this week was the victor in a couple of deals, one of which also positioned H.I.G. Capital to score a tremendous return on its longtime investment in Surgery Partners. Bain Capital, the Boston private-equity giant, is acquiring H.I.G.’s stake in Surgery Partners, the publicly traded but private-equity-controlled provider of surgical services. In turn, Surgery Partners will acquire National […]

Glendon targets $2 bln for reserve fund First close expected this month Firm formed in 2013 by Barclays executives Glendon Capital Management, a Barclays spinout that invests in distressed debt, is raising up to $2 billion for a reserve fund that could be activated in a market downturn, a source with knowledge of the process told […]

Anteil group to target stakes in hedge funds and PE firms Said to target up to $2 bln Led by former Stanford Management Co chief John Powers Another big financial institution is jumping into the race to buy minority stakes in private equity firms. Credit Suisse is in market with a fund from its Anteil […]

Beecken Petty O’Keefe & Co. unloaded a majority of its investment in Medical Solutions in a deal valued around $500 million, Buyouts has learned. TPG Growth, TPG Capital’s middle-market and growth-equity arm, said May 8 it agreed to acquire the largest U.S. independent travel nurse staffing agency. Terms weren’t disclosed. The move follows a March Buyouts […]

Madison Dearborn Partners stands to make around 2.3x its money through the sale of VWR International, the lab-products distributor it first invested in nearly decade ago. The buyer is New Mountain Capital portfolio company Avantor, which said May 5 that it agreed to pay $33.25 cash per share for the Radnor, Pennsylvania, target. The agreement […]

Greene formed Merrill Lynch PE fundraising group Hired many top names in industry today Considered ‘pioneer’ in PE fundraising Robert Johnston, founder and CEO of Beacon Hill Financial, remembers the meeting when he told Jerome Greene about his new business of raising capital for buyout funds. Johnston, one of the pioneers of the private equity […]