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Co-investments, in which investors and a sponsor’s primary fund invest alongside each other in an M&A deal, have become a staple of today’s private equity landscape. It’s not hard to see why. Given the importance of having an effective co-investment strategy, and of avoiding potential pitfalls, Torys LLP Partner Stefan Stauder and Senior Associate Jamie Becker have come up with some "how-to" guidelines for investors negotiating and managing co-investment arrangements with PE sponsors.

Stephen Peel worked at TPG from 1997 to 2014 Targets 1 bln euros for Novalpina fund Works with ex-Centerbridge executive Stefan Kowski Stephen Peel, a former TPG Capital executive, is preparing to launch his debut fund with a target of up to 1 billion euros ($1.09 billion) for investments in Europe, according to people with knowledge […]

For healthcare-focused private equity groups, specialization is more important than ever, panelists at ACG InterGrowth 2017 in Las Vegas emphasized this week. Opportunistically pursuing an asset at a below-market value is a strategy that no longer exists, especially as bulge-bracket firms increasingly compete for sub-$5-million EBITDA assets, said Enhanced Equity Funds principal Matthew Thompson on […]

SpecialtyCare, the American Securities-backed provider of intraoperative neuromonitoring and other emergency-room services, is in the midst of a sales process, according to four sources. Barclays is conducting the process, two sources said. The Nashville company generates about $55 million in EBITDA, two sources said. The target ought to fetch a multiple of roughly 10 times, […]

Johnson’s JLC Loop Capital Partners raised $1.3 bln in 2016 NBA great is president and CEO of Magic Johnson Enterprises Was on 5 Lakers championships; retired in 1991 Since Earvin “Magic” Johnson left basketball, his biggest challenge has been gaining acceptance from institutional capital. Johnson, a force on five championship teams with the National Basketball Association’s Los Angeles […]

Business Development Bank of Canada has topped up resources in its private capital operation to address intensifying small-business demand for risk financing. BDC Capital, the bank’s investment arm, today announced $1.8 billion in fresh funding. It will be invested over the next five years in established companies in Canada seeking long-term financing options to back their growth and transition strategies. The commitment, to be overseen by BDC’s Growth and Transition Capital division, represents a 50 percent increase over the $1.2 billion deployed in the past five years.

Spun out from American Capital in January Northlane manages legacy portfolio Four partners formed Northlane Northlane Capital Partners, a spinout from American Capital, is gearing up to raise its first independent fund, two sources told Buyouts. The pool’s target is still being determined, the sources said. Northlane targets the healthcare, business services and industrial technology […]

Firm: Brightstar Capital Partners Fund: Brightstar Capital Partners I Target: $750 mln Raised: $224.3 mln Placement Agent: Eaton Partners Brightstar Capital Partners, launched by former Lindsay Goldberg Partner Andrew Weinberg, has raised at least $224.3 million on a $750 million target for its debut fund, according to a person with knowledge of the firm, as well […]

Debut fund has raised at least $325 mln Targets non-control investments Firm recently hired Albert Shin to work on new fund Searchlight Capital, which closed its second flagship pool on more than $1.9 billion in 2015, is in market with its debut non-control fund targeting $750 million, three people with knowledge of the firm told […]

Partner Anthony Choe left last year Not clear exactly when and why he left firm Not listed on new marketing docs Brentwood Associates Partner Anthony Choe left the firm last year, two sources confirmed for Buyouts. It’s not clear exactly when and why Choe left Brentwood. He is no longer listed on the website. Choe […]