Featured

Vista Equity Partners this week is interviewing investment banks for a potential IPO of Misys, two banking sources said. The Misys IPO is slated for Europe, one of the sources said. Vista/Misys has tapped Goldman Sachs as one of the lead bankers for the IPO, the source said. Vista is expected to announce next week the other investment […]

Canada’s top 10 first-half private equity deals had disclosed values of more than $7.8 billion, suggesting market activity in 2016 may be frothier than previously expected. Preliminary Thomson Reuters data show dollar flows for all deals surpassing the $10-billion-dollar mark at the end of June, up from $7.8 billion in the first half of 2015.

ABRY Heritage Partners raises $525 mln To invest in smaller deals than flagship fund Run by overall investment team ABRY Partners is joining a host of other funds launching separate strategies to invest in the smaller side of the market. The Boston firm raised at least $217 million on a $525 million target for its first small-market fund […]

Fund XI LPs who sell get 96 pct of NAV as of March 31 for cash upfront Those who take deferred payment will get almost 102 pct of NAV LPs to vote on deal by Aug. 2 The restructuring of First Reserve’s 2006, $7.8 billion Fund XI comes with an interesting detail: LPs who choose […]

Good things come to those who wait. Just ask Oaktree Capital Management, which is making 17x its money with AdvancePierre Foods Holding Inc.’s IPO. The Cincinnati company produces more than 600 million prepared sandwiches a year along with fully cooked burgers for food service, retail and schools. AdvancePierre went public July 15 after pricing 11.1 million shares […]

Gun companies were once big business for private equity firms. But the mass shootings of recent months and years have caused the sector to lose favor with many sponsors, which cite reasons including the public outcries after the attacks; pressure from limited partners, including public pension funds; concern for socially responsible investing, and increased weapons-industry regulation. Sales of […]

OpenGate closed its debut fund on $305 mln In market for 16 months Emerging GPs must have rationale for fund size, says founder Buyouts sent a few questions to Andrew Nikou, founder, managing partner and chief executive of OpenGate Capital, which announced the closing of its debut fund this week at $305 million. Nikou launched OpenGate […]

Carlyle fund eyes non-core infrastructure deals Carlyle hires Peter Taylor from Hastings Infrastructure Andrew Marino shifts roles at Carlyle Carlyle Group is targeting $2.5 billion for Carlyle Global Infrastructure Opportunities I, which features longer hold times for non-core infrastructure investments with a return target in the mid-teens, according to sources. The Washington firm is sifting for […]

Canadian private equity firm Clairvest Group closed its first platform investments in roughly a year, backing a pair of U.S. companies in the digital media and gaming industries. In a release issued to shareholders last month, Clairvest disclosed a US$20.5 million investment in Digital Media Solutions , a performance marketing company. The second investment saw Clairvest acquire a minority stake in video gaming specialist Accel Entertainment for US$32.5 million. The deals illustrate the Toronto-based firm's long history of investing in sectors that leverage its domain knowledge.

Vista quietly talks with LPs about micro-cap fund Nothing set in stone Fund could target $400 mln Vista Equity Partners has been in quiet discussions with some limited partners about launching a micro-cap fund that would target the small end of the market, according to three people with knowledge of the discussions. Nothing is set […]