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KPS Capital Partners, private equity, Michael Psaros
KPS didn’t complete platform acquisition for two years Firm recently inked deal to acquire WHA Holdings Growth prospects causes corporates to divest post-election: Psaros The past two years were slow on the deal front for KPS Capital Partners, Co-Founder and Managing Partner Michael Psaros said today at Buyouts’ PartnerConnect East conference in Boston. “In 26 […]
Cornell Capital, Avenue Capital, private equity
Stephen Trevor to join Cornell as partner from Avenue Capital Henry Cornell targeting $2 billion for firm’s latest fund Vehicle to invest in mid-market businesses Avenue Capital Group Portfolio Manager Stephen Trevor will join his former Goldman Sachs Merchant Banking colleague Henry Cornell at Cornell Capital, according to limited partner presentations and memos obtained by Buyouts […]
Advisory Board Co, private equity, Elliott Management, merger, M&A, Paul Singer, education, healthcare
There’s no shortage of dealmakers, sponsors or strategic buyers thinking about what’s on the horizon for Advisory Board Co, the publicly traded healthcare and higher-education consulting company navigating strategic alternatives. After activist pressure from Paul Singer’s Elliott Management hedge fund, the roughly $1.8 billion market-cap company said Feb. 6 that the board had kicked off a strategic […]
KPS Capital Partners’ success with Anchor Glass Container stemmed from a combination of actions, led by KPS and company management. The moves helped the bottle maker boost EBITDA nearly 59 percent in less than three years, said Jay Bernstein, a partner at KPS. The New York buyout shop acquired Anchor Glass, which makes glass packaging products used by […]
OPTrust has greatly expanded its private equity program, deploying a strategy that gives the mid-sized pension fund access to opportunities usually available only to larger institutions. OPTrust, which invests on behalf of OPSEU Pension Plan, saw a net return of 20.6 percent from its PE portfolio last year. These results cap a major increase in OPTrust’s PE allocation since 2012, driven by an increased emphasis of direct deals and co-investments.
Canada Goose Holdings shares surged 40 percent in their trading debut on Thursday after the high-end parka manufacturer raised $340 million in an initial public offering, Reuters reported. The maker of $900 parkas priced the offer above the marketing range on Wednesday, underscoring strong investor appetite for a brand that celebrities have made popular. Founded in a small Toronto warehouse 60 years ago, Canada Goose was acquired by U.S. private equity firm Bain Capital in 2013. The IPO valued the company at about $1.8 billion.
nurse, nursing, Beecken Petty, Heritage Group, private equity, merger, M&A
The healthcare-staffing universe has benefited from positive growth trends over the past few years as the total insured market expanded under the Affordable Care Act. Despite uncertainty around future healthcare reform, the continued nursing shortage is likely to bode well for folks like Beecken Petty O’Keefe & Co. and Heritage Group.  The pair of investors are said to be […]
private equity, Connecticut Retirement Plans and Trust Funds, pension fund, Shawn Wooden
Heads for first close by end of March Could collect more than $1 bln in first close Fund III about 78 pct deployed SVPGlobal, the distressed-investment firm run by Victor Khosla, is back in market with its fourth fund targeting $1.75 billion, plus $350 million of reserve capital for a fund-of-one LP relationship, according to […]
Altasciences Clinical Research and QPS Holdings, two private-equity-backed pharmaceutical-services companies focused on early-phase drug development, are exploring potential sales, according to sources. Wells Fargo has the mandate to sell Argentum Group’s QPS, three sources said. Two said Kilmer Capital Partners’ Altasciences is the midst of its own process via middle-market investment firm Fairmount Partners. QPS was said to be on […]
Insight Venture Partners, Jeff Horing, private equity
Insight VP back in market with large fund Closed prior flagship pool in 2015 Brought on COO in November from Citadel Insight Venture Partners is targeting $6 billion for its next fundraising, which will include its 10th fund, according to two people with knowledge of the firm. It’s not clear whether the $6 billion total target […]
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