TPG Considers $8B – $12B for Fund VII

TPG Capital may be the next buyout shop to hit the fundraising trail. The PE firm founded by David Bonderman and James Coulter is considering an $8 billion to $12 billion target for its next global buyout fund, two placement agents say. Fundraising for TPG Partners VII LP is expected to begin during the first half of 2013.

Thoma Bravo Closes Deltek Buy

Thoma Bravo has completed its buy of Deltek, a provider of enterprise software and information solutions for professional services firms and government contractors, for $1.1 billion. Deltek stopped trading on the Nasdaq. The seller was New Mountain Capital.

New Mountain Capital Backs AmWINS in $1.3bn Recap

New Mountain Capital is backing Charlotte, N.C -headquartered AmWINS Group, a global distributor of insurance products and services in a growth-oriented recapitalization valued at approximately $1.3 billion. Mid-market private equity firm Parthenon Capital Partners is selling its stake in the business. Other terms of the transaction were not disclosed. PRESS RELEASE AmWINS Group, Inc. (“AmWINS”), […]

SNL Acquires Highline Data

SNL Financial is to acquire Highline Data from Summit Business Media. The acquisition will boost SNL’s position as a leading US insurance financial information provider across the property & casualty, health and life insurance sectors.

Iron Bow Mgmt Buys Out New Mountain Capital

The management of Iron Bow Technologies LLC has acquired a controlling interest in the company from previous owner New Mountain Capital, the company announced Wednesday. New Mountain and other selling shareholders will collectively retain a minority interest in the company. Terms of the deal were not released. Iron Bow has revenues of approximately $800 million.

Top 10 Stories Include Shakeup at Friedman Fleischer & Lowe, McNamee’s Sudden Interest in Seed Deals and Sale of Chicken Joint Bojangles’

Time to catch up on the blog posts and news items that your peers found most interesting on peHUB this week. Following are the top 10 posts that garnered the most pageviews from regular readers from July 25 to July 29. (We did a separate list for the week’s most popular slideshows.) This week’s hot topics include David Lowe leaving the San Francisco buyout shop he co-founded; Elevation’s Roger McNamee announcing plans to get into seed investing; the sale of fried chicken restaurant Bojangles'; and strong interest among buyout shops to buy brokerage Morgan Keegan.
1. Co-Founder Has Left San Fran Firm, by Bernard Vaughan
2. McNamee Promises to Make Seed Investments from Buyout Shop Elevation Partners (subscribers only), by Mark Boslet
3. The Mystery of Bojangles’s New York Store Is Solved, by Luisa Beltran
4. Blackstone, Carlyle Among Bidders for Morgan Keegan, by Paritosh Bansal and Megan Davies, Reuters
5. Dealtalk: Buyout Firms Target Unloved Corporate Divisions, by Simon Meads, Reuters

New Mountain Capital Buys Majority Stake in SNL Financial

New York-based private equity firm New Mountain Capital has acquired a majority stake in SNL Financial, a Charlottesville, Va.-based provider of sector-focused information services on the banking, financial services, insurance, real estate, energy, and media industries. Terms of the deal were not released.

New Mountain Capital Completes Buy of SymphonyIRI

New Mountain Capital has completed its majority investment in SymphonyIRI Group Inc., the company announced Thursday. Terms of the investment were not released. SymphonyIRI Group, formerly named Information Resources, provides software for market measurement and software and services designed to provide growth opportunities in marketing, sales, shopper marketing and category management. Jefferies & Company and BofA Merrill Lynch acted as financial advisors to SymphonyIRI.

New Mountain Finance Corp. Completes $100 Mln IPO

New Mountain Finance Corp. said Wednesday that it has closed its $100 million IPO. The closed-end investment company sold about 7.3 million shares at $13.75 each. Goldman, Sachs & Co., Wells Fargo Securities and Morgan Stanley are joint-lead bookrunners on the deal. Underwriters on the deal have the option to buy another 1.1 million of shares. New Mountain Finance, a BDC, is an affiliate of New Mountain Capital, the New York PE firm.

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