Reuters – KKR, New Mountain pursue joint bid for talent agency IMG

Private equity firm KKR has teamed up with New Mountain Capital to bid for IMG Worldwide, joining a handful of companies interested in buying the sports, fashion and marketing agency from Forstmann Little & Co, writes Reuters. KKR and New Mountain would be competing for IMG against other buyout firms, as well as sports and entertainment companies, Creative Artists Agency and William Morris Endeavor Entertainment, writes Reuters.

fund

New Mountain, Levine Leichtman Hit Fundraising Trail for New Pools

The fundraising market may be difficult but that’s not stopping New Mountain Capital and Levine Leichtman Capital. New Mountain is officially out marketing for a $3 billion fund, while Levine Leichtman is seeking $1.5 billion for its latest structured pool which may be increased to $2 billion.

fundraising

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.

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