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Lee Equity Partners is prepping portfolio company Eating Recovery Center for a sale early next year, two banking sources said. Lee Equity has hired a banker, the sources said. Denver-based Eating Recovery provides treatment for adults, adolescents and children with eating disorders such as anorexia, bulimia and binge eating. The company has 25 locations nationwide, according to […]

TriWest Capital Partners recently completed the debut investments of its fifth private equity fund, closed at $500 million earlier this year. They included a small Canadian service company, Prostar Energy Holdings LP, which is looking to fill a very big need: helping hard-pressed energy producers reduce costs through innovation.

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Offers LPs choice of deal-by-deal or European style waterfall Eyes $7 bln to $8 bln target for Fund IX Not clear when fund will officially launch Apax Partners, which is talking to limited partners about raising $7 billion to $8 billion for its next flagship fund, plans to offer a choice of carried interest plans designed […]

Seven execs have left in 2015 Co-founder Thomas Klimmeck replaced as head of origination Madison Capital remains top bookrunner for lower mid-market A management shift at Madison Capital Funding LLC has spurred the departure of several executives with more expected to leave in coming months, according to five sources, including several middle-market executives. Madison Capital recently installed a new crop of leaders […]

New Mountain Capital LLC is in talks to buy Equian LLC from Great Point Partners, two sources said. William Blair is advising on the sale, although no formal process has taken place, the sources said. Indianapolis-based Equian provides outsourced medical cost management solutions for self-insured corporations and insurance companies. Equian produces about $20 million EBITDA. It […]

Online wealth adviser Personal Capital is pursuing a dual-track process, seeking a fresh round of funding and a buyer, according to four sources in banking and private equity. The new round would value Personal Capital at $500 million, sources said. The firm is also seeking $500 million with a potential sale, they said. The moves come just […]

Dividend recaps dropped dramatically in the fourth quarter, according to data from Thomson Reuters Loan Pricing Corp. Completed dividend recap issuance hit roughly $577 million as of December 2, with another $280 million in process, for a total of $857 million, LPC said. That is down 89 percent from $7.8 billion completed in the third quarter and […]

Firm targets $325 mln with $375 mln hard cap Held close in November Fund generated buzz among LPs Mainsail Partners, a small firm that targets the lower middle market, generated big buzz among limited partners during its circuit of Spring annual meetings. It’s not clear exactly when Mainsail launched Fund IV. The fund is in the market […]

One of the bigger M&A trends this year is the emergence of family offices in auction processes, said bankers at PartnerConnect Southwest 2015. More and more family offices are competing in M&A auctions against private equity and strategics, executives said. In one case, a family office has won three of the last four deals it […]