Fortress closes third Japan fund on $1.1 bln cap

By Chris Witkowsky — 3 months ago

Fortress Investment Group closed Fortress Japan Opportunities Fund III on $1.1 billion, the hard cap. The fund has deployed more than $140 million across 10 deals. The fund is expected to be fully invested over the next two years. Press Release Fortress Investment Group LLC (NYSE:FIG) announced today the successful close of Fortress Japan Opportunity […]

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BlueMountain Capital closes Summit Opportunities Fund II on $1.3 bln

By Chris Witkowsky — 3 months ago

BlueMountain Capital Management closed BlueMountain Summit Opportunities Fund II on about $1.3 billion. The fund, which has begun investing, targets investments in multiple asset classes including public corporate credit and equity, mortgage and asset-backed securities, real estate and private debt and equity. Press Release BlueMountain Capital Management, LLC (“BlueMountain”), a private investment firm with $22 […]

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American Capital raises $450 mln to invest in equity tranches of CLOs

By Chris Witkowsky — 3 months ago

American Capital closed American Capital CLO Fund I, LP on $450 million to invest in the equity tranches of collateralized loan obligations. The fund already acquired $300 million of American Capital’s existing CLO equity portfolio and has $150 million of investment capacity. An affiliate of American Capital Asset Management manages the fund. Press Release American […]

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Pfingsten makes first add-on to ZSi-Foster industrial platform

By Chris Witkowsky — 3 months ago

Pfingsten Partners-backed ZSi-Foster, which makes clamping and coupling products, acquired Wesanco, Inc., a maker of metal framing, fittings, pipe clamps and accessories for mechanical, electrical, industrial and OEM applications. This is ZSi-Foster’s first add-on since Pfingsten took a majority stake in the company in May 2014.  Pfingsten plans to build a national engineered clamp, coupling […]

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KKR commits up to $300 mln to create Asian media platform

By Chris Witkowsky — 3 months ago

Kohlberg Kravis Roberts committed $300 million to a platform called Emerald Media to invest in media and entertainment industries across Asia. KKR committed capital from KKR Asian Fund II. The firm is investing alongside The Chernin Group, which will join as a minority co-investor. As part of the transaction, KKR acquired a minority stake in CA Media, the existing Asian media portfolio of The Chernin Group.

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Permira to sell PHARMAQ for $765 mln

By Chris Witkowsky — 3 months ago

Permira agreed to sell PHARMAQ, a health products company, to Zoetis, Inc. for $765 million on a debt-free basis. In the first half of 2015, PHARMAQ increased revenues by 24 percent and EBITDA by 44 percent compared to the same time period last year.

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Riverside-backed Area Wide Protective makes first add-on

By Chris Witkowsky — 3 months ago

The Riverside Company-backed Area Wide Protective (AWP) acquired Traffic Specialties, Inc., which provides traffic management services in support of utilities, road construction, repair and maintenance market. Traffic Specialties if the first add-on for Riverside’s Area Wide Protective platform since the firm first invested in AWP in June.

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Thoma Bravo reaps 4.7x return on Sirius Computer exit

By Chris Witkowsky — 3 months ago

Thoma Bravo completed the sale of Sirius Computer Solutions Inc. to Kelso & Co. for a 4.7x return. The firm first invested in Sirius Computer in 2006. The company increased gross revenue from more than $600 million to an expected $1.7 billion in 2015. Harvey Najim, founder and executive chairman of Sirius Computer, will be retiring.

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Star Mountain Capital brings on two as senior advisors

By Chris Witkowsky — 3 months ago

Co-founder of BlackRock Kelso Capital, Michael Lazar, and former chief HR officer of Fortress, Stanley Friedman, have joined Star Mountain Capital as senior advisors. Prior to co-founding BlackRock Kelso Capital, Lazar was partner and managing director of Kelso & Co. Friedman also worked on HR at King Street Capital and Amaranth.

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