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Clearspring Capital, DME Brewing, merger, M&A, venture capital, beer, brewing, beverages
Clearspring Capital Partners has invested in the merger of portfolio company DME Brewing Solutions with a top competitor, a deal the Toronto private equity firm says will reshape the craft-beer-equipment industry. Last month, Charlottetown, Prince Edward Island’s DME, acquired by Clearspring in late 2015, combined with Abbotsford, British Columbia’s Newlands Systems. Terms weren’t disclosed. Both companies expanded over a 25-year span with the global rise of craft-brewery startups.
Vista Equity, private equity, software
René Yang joined Vista in 2007 New fund expected to launch in first quarter To target as much as $500 mln Vista Equity Partners appointed Principal René Yang to run the firm’s new micro-cap strategy, which is expected to launch early next year, according to two people with knowledge of the firm. Yang will work on the […]
True Wind Capital, private equity, The Switch, Pacific Television Center, Adam Clammer, Jamie Greene
True Wind surpasses $500 mln for debut fund GP backs acquisition by The Switch, a video-service provider Deal didn’t involve traditional process, source said True Wind Capital inked its first investment since it was founded by two Kohlberg Kravis Roberts executives: a financing deal for live-content provider The Switch. Meanwhile, fundraising for its debut fund […]
Marlin Equity, private equity, David McGovern
Marlin sets $2 bln target, no cap, on Fund V Expected to raise quickly Targets $500 mln for next small-market fund Marlin Equity is targeting $2 billion for its fifth flagship fund, without a cap, and sources expect the firm to raise well above target, according to two people with knowledge of the firm. Whether […]
The 2016 election season will be one no one will soon forget. Even as the cycle winds to its ugly conclusion, accusations continue to be thrown by both sides, passions are high and no matter who wins, neither candidate appears to have a strong mandate from the American people. Buyouts staff writer Sam Sutton discovered […]
Centre Partners, Bellisio Foods, M&A, merger, private equity
Centre Partners Management LLC may be nearing an exit of Bellisio Foods Inc. The buyout shop is selling Bellisio, which makes Atkins frozen entrees and Michelina’s frozen foods, to a strategic, sources said. It’s unclear who the buyer is but private equity is apparently out of the auction, one of the sources said. Bloomberg reported in […]
private equity, venture capital, Alan Patricof, carried interest
Patricof says carried interest should be taxed as ordinary income ‘in the interest of fairness’ Agrees with Qualified Small Business Stock exclusion Veteran investor Alan Patricof bucked the National Venture Capital Association at an event the group co-sponsored, opposing taxation of carried interest at the capital-gains rate. A conversation between Patricof, 81, and NVCA President […]
Apax Partners, venture capital, private equity, Technology Crossover Ventures, Dan O'Keefe
Apax growth tech fund could target up to $1 bln Firm still working out details Could launch in Q1 Apax Partners, which is close to wrapping up a multibillion buyout fund, is also launching its first growth-oriented middle-market fund with an executive who recently joined from the tech world, according to three people with knowledge of […]
Pomona Capital, private equity
Pomona Capital seeks similar amount to predecessor fund LPs pour money into secondary funds Pomona promoted two to partner earlier this year Pomona Capital is keeping its latest secondary pool at a comparable size as it hits the fundraising trail with a $1.75 billion target for Pomona Capital IX LP, a filing and a source said. […]
Andrew Caspersen
Caspersen set to be sentenced Nov. 4 Prosectors ask for range set in federal guidelines Caspersen asks for leniency based on gambling addiction Often, when I swap gossip with industry folks, the subject turns to Andrew Caspersen, one of the more famous (or infamous) people in private equity land these days. Soon his story will […]
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