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Clayton, Dubilier & Rice may have scrapped plans to take Mauser Group NV public, but the private equity firm stands to more than triple its money. On Feb. 7 Stone Canyon Industries said it agreed to buy Mauser in a deal valued at $2.3 billion. Stone Canyon, an industrial holding company, owns BWAY, which makes rigid […]

Sarkozy targets $1.25 bln for debut fund Has hired several partners Race for capital against more established firms Olivier Sarkozy, former head of financial-services investing at Carlyle Group, has built out the senior team for his new venture, called Further Global, which is in market targeting $1.25 billion, two people with knowledge of the firm […]

Brookfield Asset Management’s private equity group earned more than twice the amount it paid to acquire Maax, a bathroom-fixtures maker recently sold to American Bath. The Toronto investor said it sold Maax, a company it held for nearly a decade, to American Bath in January. The buyer, a Savannah, Tennessee, tub-and-shower business, is owned by Lone Star Funds, which acquired it from Sterling Group last year. Brookfield also announced a new platform investment. It struck a deal to acquire a roughly 85 percent stake in Greenergy, a supplier of road fuels to consumers in the United Kingdom.

Former IR chief Citron leaves firm Stone Point close to wrapping up Fund VII New IR chief brings Goldman pedigree Stone Point Capital, a financial services-focused firm that is raising its seventh fund, hired Goldman Sachs executive Todd Haskins as head of investor relations, according to a limited partner with knowledge of the firm. Haskins’s […]

Firm decides to not raise a Fund V Cites changing investment environment Two healthcare execs to spin out Sterling Partners, a middle-market investment firm, has decided to shift to deal-by-deal from blind-pool investing in the face of tougher competition for deals, while two of its healthcare executives plan to leave to start their own firm. […]

Canadian tech private equity firm Klass Capital has won a bet it made on a decade-long investment in Freshii, a health-food restaurant chain that went public this week. Freshii closed its initial public offering on the TSX at the upper end of the price range. It raised more than $125 million, a sum that could increase to $144 million if a greenshoe option is exercised. The IPO is 2017’s first involving a Canadian company backed by a major private investor. And it may herald more to come.

Hits hard cap in four months Bulk of commitments from existing LPs Fund VI slight increase over prior vehicle For some firms in today’s fundraising environment, raising capital doesn’t seem to be much of a challenge. Take Great Hill Partners: The Boston firm launched its sixth fund in September, around a year after raising Fund […]

Fund VI nearing final close Targeting up to $3.5 bln Cutting back LPs Veritas Capital Management, which lost its founder a few years ago, is one of a handful of firms enjoying strong demand for their latest flagship funds, two people with knowledge of the firm told Buyouts. Veritas in December filed fundraising documents with the […]

Silver Lake could raise bulk of capital with first close First close could come as early as March, says LP Could raise a total of $15 bln Silver Lake’s latest fundraise is off to a hot start and may hold a first close as early as March. Three limited partners told Buyouts they expect the […]

“Why would other LPs approve this?” asks board chairman LPs approved amendment raising fee, eliminating banking fees New Jersey voted against the change TSG Consumer Partners persuaded its limited partners to approve an amendment to raise the management fee on its two latest buyout funds to 2.1 percent from 2 percent, New Jersey State Investment Council […]