Bernard Vaughan

Firm: Ares Management LLC Fund: Ares Corporate Opportunities Fund IV LP Target: $4.7 billion Placement Agent: None Ares Management LLC has raised more than $3.2 billion for its latest private equity fund, according to a regulatory filing. The firm is seeking to gather a total of $4.7 billion for the fund, Ares Corporate Opportunities Fund […]

Resignation from firm, board seats Joined firm in 1996 Circumstances unclear Scott Troeller, a partner with the mid-market buyout firm Veronis Suhler Stevenson, has announced he is resigning from the firm and from the boards of least three portfolio companies. An April 20 regulatory filing by publicly traded portfolio company Cambium Learning Group Inc. disclosed […]

Firm: Chicago Growth Partners Fund: Chicago Growth Partners III LP Target: $500 million (likely) Placement Agent: MVision Private Equity Executives at Chicago Growth Partners plan to start raising their third fund later this year, two sources familiar with the firm’s plans told Buyouts. The firm has not decided on a firm target yet for the […]

Target: Tri-Northern Holdings Inc. Sponsor: Audax Group Seller: Brazos Private Equity Partners LLC Audax Group is close to an investment in Tri-Northern Security Distribution Inc., a distributor of electronic security products, according to a regulatory filing. The seller in the deal is Brazos Private Equity Partners LLC. Audax typically invests $10 million to $100 million […]

More than 10 years at Audax Seeking deals under 24/6 Capital Partners Edward Feuerstein, a former managing director at Boston-based Audax Group, has started his own shop, Buyouts has learned. Feuerstein’s LinkedIn profile says that his current position is founder and managing partner of a firm called 24/6 Capital Partners. He has held that position […]

Firm: Industrial Opportunity Partners Fund: Industrial Opportunity Partners II LP Target: $250 million, $275 million hard cap Placement Agent: Park Hill Group Industrial Opportunity Partners is planning to wrap up fundraising on its second fund in the coming weeks, a source familiar with the firm’s fundraising process told Buyouts. The Evanston, Ill.-based buyout shop expects […]

Flurry of deal activity Banks retreating from $10T industry Ross bets on rentals Several private equity firms have lined up to invest in mortgage providers and servicers in recent weeks, suggesting more firms are eager to get back into a much maligned sector as it staggers out of the Great Recession. In less than a […]

Firm: Long Ridge Equity Partners Fund: Long Ridge Equity Partners LP Target: $100 million Placement Agent: None Long Ridge Equity Partners, a small New York-based private equity firm focused on the financial services industry, is seeking $100 million for its debut fund, a source close to the fundraising process told Buyouts. The source declined to […]

Target: Tronair Holdings Inc. Price: Undisclosed Buyer: Levine Leichtman Capital Partners Seller: KRG Capital Partners KRG Capital Partners has been on a selling spree in recent months, which should put the Denver-based buyout firm in a promising position to raise its fifth fund. The firm has logged four exits since mid-December, returning more than $800 […]

Target: Citadel Plastics Price: Undisclosed Sponsor: Huntsman Gay Global Capital LLC Seller: Wind Point Partners Financial Adviser: Seller: Alvarez & Marsal, KeyBanc Capital Markets Inc. Legal Adviser: Seller: Reed Smith LLP Its latest acquisition has made it much more likely that Huntsman Gay Global Capital LLC will revisit the fundraising market later this year, considering […]