Univision Communications Inc., which is expected to go public, has acquired The Root, an African [...]Continue
Solar developer SunEdison Inc. and TerraForm Power, which operates renewable power plants, have agreed to acquire First Wind, which develops and operates wind projects in the U.S. SunEdison and TerraForm Power have agreed to buy the company for up to $2.4 billion. First Wind is a portfolio company of D.E. Shaw, which invested in Wind Power in 2005 and has been an active owner and partner with the First Wind management team, along with Madison Dearborn.Continue
Trending in private equity this week: Thomson Reuters sells peHUB, Buyouts and VCJ to UCG, [...]Continue
Laboratory equipment supplier VWR Corp said it expects its initial public offering of common stock to be priced between $22 and $25 per share, raising up to $638 million, Reuters reported.Continue
Trending in private equity news this week: Chicago Growth alums round up $350 million for [...]Continue
Madison Dearborn Partners has agreed to sell the Schrader group of companies, which makes tire [...]Continue
Trending on peHUB this week: Job openings at GE Capital and Fortress, keynote video of [...]Continue
Trending on peHUB this week: Some big exits and improving fund returns have put venture [...]Continue
Surprise! Large buyout shops, which typically shoveled huge amounts of debt onto their portfolio companies [...]Continue
Private equity-backed companies HD Supply and CDW saw their shares rise their IPOs Thursday, but [...]Continue
(Reuters) – Private equity firm Madison Dearborn Partners has decided against selling TransUnion and will pursue a public offering for the credit reporting firm as originally planned, sources familiar with the matter said. A sale of the business, which competes with firms such as Experian Plc and Equifax Inc., was expected to fetch more than […]Continue
The dividends just keep rolling in.
Yankee Candle Co., which is backed by Madison Dearborn Partners, announced today that its owners will receive a $300 million payout.
YCC Holdings LLC, the indirect parent of Yankee Candle, intends to issue $300 million of senior notes in a private placement, according to a statement Wednesday. YCC expects to use the proceeds to make a distribution to Class A shareholders of Yankee Candle Investments.Continue
Wind farm developer First Wind Holdings has put its IPO on hold after cutting it’s price range by 24%, Reuters reported. Boston-based First Wind, which is funded by private equity firm Madison Dearborn and hedge fund operator D.E. Shaw, originally aimed to raise $300 million from the offering. The company faced skepticism from investors due to a heavy debt load, Reuters reported.Continue
Madison Dearborn Capital Partners has completed its take-private acquisition of BWAY Holding Co., a North American supplier of general line rigid containers. BWAY stockholders received $20 per share, for an enterprise value of approximately $915 million (including assumed debt). Bank of America Merrill Lynch and Deutsche Bank Securities provided leveraged financing.Continue
Madison Dearborn Capital Partners has completed its acquisition of a 51% equity stake in consumer credit reporting company TransUnion from the Pritzker family, which will retain the other 49 percent. No financial terms were disclosed, although the Wall Street Journal previously reported that the deal values TransUnion at around $2 billion.Continue
Last week we discussed the perils of earning returns too early. It’s happening in the distressed debt world, where firms have earned returns on funds that are still in the process of being raised. If the firm continues to raise capital, it will dilute the performance of the existing investors. Furthermore, new investors will need […]Continue
Last year we reported that Madison Dearborn Capital Partners was stuck at “just a tick above $4 billion,” in its efforts to raise a sixth fund. Erin followed up in February, saying that a final close was expected by the end of April.
Now comes word, via Dow Jones, that the final close has indeed occured with $4.1 billion in capital commitments.
This is well below Madison Dearborn’s original $10 billion target, and not even close to its revised $7.5 billion target. More importantly, it signals that the Chicago-based firm hasn’t secured any significant new commitments in nearly a year (despite having hired Credit Suisse placement vet John Knutsen to succeed retired investor relations chief David Mosher).Continue
Madison Dearborn Capital Partners has agreed to acquire a 51% equity stake in consumer credit reporting company TransUnion from the Pritzker family, which will retain the other 49 percent. No financial terms were disclosed, although the Wall Street Journal says the deal values TransUnion at around $2 billion.Continue