American Securities and P2 Capital Partners have agreed to acquire Blount International, a maker of [...]Continue
Greenhill & Co. just made a major move into private equity secondaries in what has [...]Continue
Canadian buyout shop Onex has promoted Matthew Ross and Manish Srivastava to managing director. The appointments become effective January 1, 2015. Prior to joining Onex, Ross worked at Brown Brothers Harriman & Co. and DB Capital Partners while Srivastava worked at Greenhill & Co. and J.P. Morgan.Continue
Lower middle-market private equity firm One Rock Capital Partners has raised $431.5 million in the final close of its initial fund. The target was $300 million. The fund’s LPs include government and corporate pension plans, insurance companies and health organizations. Greenhill & Co. was the placement agent.Continue
Medina Capital, which makes early growth stage investments in technology companies, is out fundraising for [...]Continue
Neil Banta has left Greenhill & Co.’s private capital advisory group, confirms Jeff Taufield, a firm spokesman. It’s unclear whether Banta has joined another firm.Continue
Greenhill & Co. said it had sold its interests in private equity fund Greenhill Capital Partners II L.P. for about $45 million, Reuters reported. The investment bank is selling its interest in the fund to “investors advised by J.P. Morgan Asset Management and certain principals of GCP Capital Partners,” Reuters wrote. The move is part of Greenhill’s strategy to focus on its core client advisory business.Continue
NEW YORK–A Delaware ruling last month accusing a large investment bank, Barclays Capital, of conflicts of interest is already driving some business to boutique firms. Just a day after the ruling, a client told Evercore Partners it wanted the 15-year-old boutique to be the lead adviser on a transaction. The client wanted a bank that […]Continue
Investment bank Greenhill & Co. has added former Pennsylvania Governor Edward Rendell as a senior advisor. In his new role, Rendell will focus on expanding Greenhill’s client advisory activities in public-private partnerships, infrastructure projects and advising governments on various financial matters.Continue
Tom Hicks is taking his second bite at the blank check apple.
The Dallas-based private equity icon recently filed for his second special purpose acquisition vehicle (SPAC), with plans to raise $200 million. He’ll have 21 months from the IPO until transaction completion, or else he’ll be required to return proceeds to investors.
Hicks, in a June 28 regulatory filing, didn’t identify what sectors he would be targeting but he has typically invested in consumer goods and media companies. Citi and Deutsche Bank Securities are underwriting the deal.Continue