Insight

Consultants last week defended the reputation of sovereign wealth funds (SWFs), which are among the last remaining sizeable pools of liquidity in the markets, and decried the political suspicion that surrounded the sector. Speaking at a State Street briefing on SWFs, John Nugee, head of State Street’s global institutions group, said that SWFs had never […]

Firm: Sentinel Capital Partners Fund: Sentinel Capital Partners IV LP Offices: New York Leader: David Lobel, Founder Strategy: Buying companies generating $5 million to $25 million of EBITDA in consumer products, food and restaurants, franchising, manufacturing and service sectors Number of Investment Professionals: 16 Founded: 1995 Raising money in a downturn turned out to be […]

London-headquartered buyouts house Lion Capital has sold its 32% equity interest in Hiestand Holding, a Swiss convenience deep-frozen bakery products company, to IAWS Group, an Irish food group. Lion only acquired its stake in February, paying an undisclosed sum for the publicly-traded company. In exchange for selling its stake, Lion is receiving €30m in cash […]

US private equity firm Warburg Pincus has made a 3x return on its original investment in Budapest-headquartered healthcare business Euromedic International. The group’s new owners, Ares Life Sciences (ALS) and Merrill Lynch Global Private Equity (MLGPE), are reported to have paid €800m, including debt, for a controlling stake, generating an IRR of 60% for Warburg. […]

Silverfleet Capital, the new name for buy and build specialist PPM Capital, has sold Jost World, a German manufacturer commercial vehicles components, to buyout house Cinven for a reported €525m. Silverfleet has made a 3.1x return on its investment, with an IRR of 47%. It acquired the business in August 2005 fro Alpha Group in […]

Paris-headquartered placement agent Global Private Equity has appointed Veera Somersalmi as a partner. She comes from Nordic Mezzanine where she an associate director, and before that she was an investment director at Standard Life Investments Private Equity. She has also worked at CapMan as investment manager and before that portfolio manager of private equity at […]

Alien Technology of Morgan Hill, Calif., is raising a $40M pay-to-play Series I, which will bring its funding to $302M

Fund Name: Silver Lake Sumeru Offices: Menlo Park, CA Leader: Managing Director Ajay Shah Strategy: Make equity investments of $50 million to $150 in mid-market technology companies with values ranging from $50 million to $500 million. Number of Investment Professionals: 14 Debut Fund: $1.1 billion Silver Lake Sumeru closed in May 2008 Principal Backers: Public […]

Random Ramblings