Featured

Restaurant chain backed by Kelso & Co delays financial disclosure S&P cites declining foot traffic, eyes possible default Company’s revenue falls, loss widens Logan’s Roadhouse Inc may default on payments for its $366 million debt as the restaurant chain backed by Kelso & Co faces a drop in foot traffic, lower revenue and wider losses, according […]

Firm: GoldPoint Partners Fund: GoldPoint Mezzanine Partners IV LP Amount Raised: $699 mln GoldPoint Partners disclosed $699 million in commitments for Goldpoint Mezzanine Partners IV, after the firm hired two key executives and wrapped up a co-investment fund last year. The effort by GoldPoint comes during a thin year for mezzanine fundraising. All told, $215 million […]

Firm: KRG Capital Fund: KRG Capital Fund V LP Target: $500 mln Amount raised: $148.4 mln Placement Agent: Credit Suisse KRG Capital said it raised $148.4 million, 30% of its target of $500 million, for its fifth buyout fund, which came as it raised additional capital from LPs last year for its 2007 predecessor fund. […]

Three deals with combined $9.5 bln value Apollo has averaged 6x EBITDA for buyouts in Fund VIII Beaten-up stocks provide an entry point Apollo Global Management kicked off 2016 by paying subdued purchase-price multiples well within the single digits for three take-privates, despite frothier prices in the broader buyout industry. Apollo founder Leon Black has already […]

Warburg Pincus has put a portfolio company, Association of Certified Anti-Money Laundering Specialists, up for sale, three sources familiar with the situation said. Raymond James is advising on the auction, the sources said. Warburg just received first-round bids for ACAMS, one of the sources said. Warburg is seeking bids in the “mid-double-digit multiples,” or $250 million to $300 […]

Hycroft, a three-year-old New York investment bank serving both general partners and limited partners, has splashed into the principal investment business, launching a fund earmarked to purchase minority stakes in the management companies of mid-market buyout shops. Hycroft Capital LP set sail with a $750 million target in January, according to a source familiar with the fund. The effort is still […]

Alaris Royalty Corp earned almost triple the money it invested in LifeMark Health, a Canadian physiotherapy- and rehabilitation-services provider acquired by Audax Private Equity in January. Alaris, a Calgary-based alternative-equity firm, said this month it had redeemed the last of a $74 million investment in LifeMark following the sale to Audax. With that redemption, the firm counted up total proceeds of about $217 million, Alaris President and CEO Steve King told PE Hub Canada.

FTV Capital is investing $30 million in Edgewater Markets, marking the firm’s ninth deal in the past year. FTV will take a minority stake in Edgewater, said Kyle Griswold, a partner at FTV. New York-based Edgewater uses technology to distribute foreign-exchange rates to institutional clients globally, said CEO Skovran Schreder. Customers include banks, hedge funds and family […]

MBF Healthcare Fund II seeks $300 mln to $500 mln: source Fund I raised $250 mln in 2005 At least 51 pct of MBF Fund II will come from GP: source MBF Healthcare Partners is seeking $300 million to $500 million with its second fund, according to a source familiar with the situation. That’s as […]

New York lawmakers target carried interest California lawmakers consider mandatory disclosure of fees Activists target multi-state approach to regulate PE industry Regulation of the private equity industry is turning into a local fight. In recent weeks, state lawmakers in California and New York drafted bills to address fee transparency and the tax treatment of carried interest. […]