Home Featured

Featured

New York City, pension fund, Alex Done, private equity
Co-investment plan requires board approval Would include all alternatives Doñe promoted to Deputy CIO New York City’s $160 billion pension is eyeing co-investments with emerging managers of alternative assets, according to Deputy Chief Investment Officer Alex Doñe. Doñe was promoted to deputy CIO of the city’s public pension fund last week. He previously led the retirement […]
SEC, private equity, venture capital
SEC probes firm on potential pay-to-play violation Investigation not likely to hamper fundraising Agency focused on pay-to-play conflicts By Chris Witkowsky and Sam Sutton The SEC is investigating EnCap Investments for a possible violation of federal pay-to-play rules in connection with one or more campaign donations made by at least one employee at the firm, according to […]
Cerberus, oil and gas, energy, fracking, private equity, mergers, M&A, Keane Group
Cerberus Capital Management stands to quadruple its investment with the IPO of Keane Group. Keane went public Jan. 20. Shares of the Houston fracking company changed hands at $21.93 in midday trading Friday on volume of 12.06 million. Late Thursday, Keane had priced its offering, selling 26.7 million shares at $19 each, the top of its IPO range. Keane […]
Clairvest, Cieslok, River Casino, Canada, private equity, advertising
Clairvest Group is seeing a lucrative payday following its sale of a Canadian out-of-home advertising business and the refinancing of a U.S. casino. This month Clairvest sold Cieslok Media, a Toronto operator of large-format digital and static billboards. The sale was preceded by a US$600 million recapitalization of Rivers Casino, a Des Plaines, Illinois, gaming and entertainment complex backed by Clairvest. These two deals, occurring a month apart, brought realized returns of Clairvest Equity Partners IV to 5.4x of invested capital and an IRR of 49 percent.
BlackRock, Campbell Lutyens, private equity, Brian Chase
Chase worked at Campbell Lutyens for more than six years Most recently was partner Joins alternative solutions group at BlackRock Brian Chase, a former partner at placement agency Campbell Lutyens & Co, joined BlackRock Alternative Investors as a managing director in late December, a spokeswoman for the asset-management giant confirmed for Buyouts. Chase reports to […]
EnCap, private equity, oil and gas, energy
Dyal investment helped EnCap take next step in succession No imminent retirements Transitions to happen over years EnCap Investments is in the early stages of a succession plan in which, over a period of years, younger managers will gradually move into senior roles, three sources told Buyouts in recent interviews. Sources stressed that the plan is in the early stages and no […]
private equity, Canada, Torys LLP, mergers, M&A
Torys LLP this week released its much-anticipated overview of Canadian private equity market trends in 2017. In an exclusive PE Hub Canada feature article, Torys Partners Cameron Koziskie and Michael Akkawi and Counsel Sophia Tolias discuss what's ahead in the context of 2016's slower deal-making. They also highlight factors expected to shape the 2017 market, including the rise of a new class of financial investor and the steps being taken by many PE firms to address competition, deal flow and pricing issues.
private equity, mergers, M&A
Investors’ desire to back top-quartile-performing funds sometimes seems exceeded only by their willingness to overlook a real clunker. Look no further than financial-services specialist J.C. Flowers & Co., which recently informed the SEC that it had reached $628.1 million on J.C. Flowers IV LP. Just about a decade ago institutional investors committed some $7 billion to the […]
Pacific Equity Partners has pulled the auction of American Stock Transfer & Trust, three banking sources said. Pacific Equity, Sydney, did not get the valuation it was seeking for American Stock Transfer, the people said. Australia’s largest buyout shop was seeking $1.5 billion for American Stock Transfer, Bloomberg reported in August. Founded in 1971, New […]
private equity, Canada, M&A, mergers
Canada’s top 10 private equity deals in 2016 reflected values of more than $10.8 billion, down 11 percent from the $12.2 billion invested in the top 10 deals in 2015. That number is based on PE Hub Canada’s list of the largest deals announced last year, supplemented by preliminary Thomson Reuters data. It suggests that PE dollar flows in Canada’s market declined in 2016, relative to a year ago, as they reportedly did on a global basis.
pehub
pehub

Copyright PEI Media

Not for publication, email or dissemination