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banks, financial services, private equity, loans, Donald Trump, deregulation
Full or partial rollback of regulations could bring banks back to market Private debt funds would face stiffer competition, sources say LPs inject more private debt over previous five years President-elect Donald Trump’s pledge to rein in a variety of banking regulations could increase competition for private-debt specialists. Bank-friendly policy or regulatory adjustments could pry open […]
Buyouts Insider, private equity
Buyouts is now accepting nominations for its 17th annual Deal of the Year awards, honoring exceptional buyouts that were fully or mostly realized in 2016.
Deutsche Bank, Enhanced Equity, private equity
Process not yet in election period Firm raised two funds Not likely to raise a third Deutsche Bank has stepped in as lead investor in the restructuring of Enhanced Equity’s two funds, according to two people with knowledge of the process. How much Deutsche Bank is prepared to spend on the deal is unclear. The exact […]
H.I.G. Capital has put Ready Pac Foods Inc, a salad maker it has owned for more than nine years, up for sale, two sources said. Harris Williams is advising on the auction, one source said. Ready Pac, Irwindale, California, is known for single-serve salads, which come ready to assemble. The original Bistro bowls, which are […]
Novacap, Étienne Veilleux, private equity, Canada
Novacap has added to its bench strength with a crop of fresh hires, including a successful tech entrepreneur and a former Stronach Group executive. The Montréal private equity firm announced the addition of five new professionals. They include Étienne Veilleux, founder of energy management solutions provider Distech Controls, who joined Novacap’s TMT group as a senior partner in September.
Inkwell to invest $3 mln to $30 mln equity per deal Will invest deal by deal Wants to add diverse executives to portfolio companies, boards Inkwell Group launched with the goal of building value by adding diversity to its portfolio companies. Founded by Chijioke Asomugha and Marques Martin, two PE executives of African-American descent, the lower-middle-market firm will […]
private equity, regulation, SEC, Mary Jo White
Sources await Trump’s choice for SEC chair Insight into how aggressive SEC will scrutinize PE Many LPs glad for presence of SEC All private equity eyes are on the SEC. While many point to a potential rollback of the Dodd-Frank financial reform act as a factor in what could be an easing of scrutiny on […]
GPs reassess how various fees and expenses are allocated SEC scrutiny heightens importance of broken deal fee issue ‘Tourist’ co-investors push back General partners are trying to shift more of the broken-deal-fee burden onto co-investors, many of whom aren’t used to paying these costs and are pushing back, according to three people with knowledge of the […]
Vista Equity Partners, Robert Smith, private equity
Firm caps consulting fees at $5 mln per portfolio company Those fees will not offset LP management fees Fund VI hard capped at $10 bln Vista Equity Partners’ vaunted consulting group stands to make as much as $5 million per investment from the firm’s new flagship fund, none of which will find its way back to […]
Gryphon Investors, Robert Grady, New Jersey State Investment Council, private equity, pension fund, Chris Christie, Donald Trump
Robert Grady being considered for Department of Interior, Energy Grady was appointed to State Investment Council by Chris Christie Resume includes role in Pres. George H.W. Bush’s administration Robert Grady, a partner at Gryphon Investors and the former New Jersey State Investment Council chairman,  is being floated for a role on president-elect Donald Trump’s cabinet, according to […]
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