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Fund VIII has $6 bln cap Wisconsin committed to Fund VIII in Q1 Providence had several recent exits Providence Equity Partners is targeting $5 billion with a $6 billion cap for its next flagship fund, according to two people with knowledge of the firm. Exactly when Providence launched Fund VIII is unclear. Providence had a tough time […]

BOS Solutions Holdings, a provider of liquids-solids-separation services, priced its recently filed initial public offering. It is the latest in a series of private equity and venture-backed issues that are helping rally Canada’s IPO market. Calgary’s BOS, owned by Advent International, plans to raise as much as $104 million from the sale of common shares at $11 to $14 per unit, the updated prospectus shows. Advent, which acquired BOS in 2010, will sell some shares via the IPO's greenshoe option. Upon its completion, Advent will remain the majority investor. BOS is the eighth Canadian PE- or VC-backed company to announce or complete a public sale since January.

Fund X hits $9.4 bln, half again as large as prior fund Launched in October; not yet activated, source says Subject of heavy buzz; saw significant LP demand Clayton Dubilier & Rice has closed the largest fund in its near four-decade history, reaching $9.4 billion for Fund X, according to a market source. Update: With […]

In the latest in a slew of eye-care transactions, H.I.G. Capital on Monday said it acquired SouthWestern Eye and Barnet Dulaney Perkins to create a regional ophthalmology platform. The announcement confirms a Feb. 23 Buyouts report that the Miami firm was negotiating transactions for the pair of Arizona vision-treatment providers. SouthWestern was advised by Intrepid Investment […]

EnableComp LLC, a provider of workers’ compensation revenue-recovery services to the healthcare industry, is on the auction block, according to three sources. The Franklin, Tennessee, middle-market investment firm Brentwood Capital Advisors is advising the privately held company, Buyouts has learned. EnableComp generates $6 million to $8 million in EBITDA, one source estimated. A second source […]

Novacap set a $600 million target for its fifth mid-market technology fund, which would be the largest in the private equity firm’s 35-year history. The Montréal investor began fundraising for Novacap TMT V in January, President and Managing Partner Pascal Tremblay told PE Hub Canada. He says he’s feeling “very confident” about meeting the fund’s goal later this year. Closing on $600 million would give Fund V about 58 percent more in committed capital than its predecessor, which raised $380 million in 2014.

Apollo received subpoena in December; is cooperating Firm previously settled with SEC for $52.7 mln last year Raising Fund IX, which could be largest traditional buyout fund The SEC subpoenaed Apollo Global Management in December for information related to the calculation of internal rates of return for certain funds, as well as payments to a European service provider […]

Deal does not receive majority LP approval by capital Beneficient not marketing a new plan to Paul Capital LPs Paul Capital execs continue to manage out active funds A deal that would have provided Paul Capital limited partners with liquidity for their stakes in older funds, as well as fee reimbursement, fell apart after it […]

Imperial Capital Group, one of Canada’s oldest private equity firms, has raised $500 million for its sixth mid-market fund to create fresh opportunities for doing large-size deals. The Toronto investor in March closed Imperial Capital Acquisition Fund VI at its hard-cap target, 25 percent above its original goal of $400 million, Managing Partner Jeff Rosenthal told PE Hub Canada. It's the largest fund Imperial has raised in its 28-year history, exceeding by 70 percent the $295 million secured by Fund V in 2014.

Source Energy Services, a proppant-sourcing and oilfield-logistics company, revised its recently filed initial public offering to raise $175 million. Source, backed by Canadian private equity firm TriWest Capital Partners, updated its prospectus to sell common shares at $10.50 apiece, down from a prior range of $17 to $20 per unit. The repriced IPO is expected to raise more than $200 million, once its greenshoe option is exercised, and value the Calgary company at more than $500 million.