Bernard Vaughan

The assassination of terror mastermind Osama bin Laden could add momentum to President Barack Obama‘s plan to cut military spending, draw down forces in Afghanistan and perhaps hurt private equity investments in companies that rely on troop deployments, sources told Buyouts. “To the extent private equity either owns or is looking at businesses that depend […]

Firm: Highland Capital Management LP Fund: Tunstall RCP II LP Target: $750 million Highland Capital Management LP is seeking $750 million for its latest fund, Partner Patrick Daugherty said this week during a panel discussion at the Buyouts New York conference. The fund is Tunstall RCP II LP, a distressed opportunities fund which pursues a […]

Firm: H.I.G. Capital Fund: H.I.G. Growth Buyouts & Equity Fund II LP Target: $450 million Placement Agent: None H.I.G. Capital LLC is raising a new fund that appears to be pursuing a hybrid growth equity and buyouts strategy. The Miami-based firm is seeking $450 million for the fund, called H.I.G. Growth Buyouts & Equity Fund […]

The Blackstone Group is notably less bullish on large deal activity and the economy than its Washington, D.C.-based rival The Carlyle Group. The disparity in confidence reflects that the economic recovery is sending mixed messages to two of the largest and most respected global investment firms, which together manage about $235 billion. Carlyle closed two […]

Target: NuSil Technology LLC Price: $100-$500 million of equity Sponsor: New Mountain Capital Seller: Quad-C Management Inc. New Mountain Capital is in talks to buy NuSil Technology LLC, a chemistry company that makes products used in the construction of everything from the Mars Rover to the Hubble Telescope to the stealth bomber, according to a […]

Firm: Cortec Group Fund: Cortec Group Fund V LP Target: $500 million to $600 million Placement Agent: None Cortec Group expects to close its fifth buyout fund at its $620 million hard cap on Wednesday, a source close to the fundraising effort told Buyouts. The New York-based shop raised $600 million in commitments from LPs […]

An AFL-CIO attorney lashed out at legislators trying to repeal several aspects of the Dodd-Frank financial reform law yesterday, including the proposal that would require most private equity firms to register as investment advisers with the Securities and Exchange Commission. During a House Financial Services Committee hearing on March 16, Damon Silvers, policy director and […]

Target: Peachtree Settlement Funding Sponsor: JLL Partners Seller: DLJ Merchant Banking It looks like JLL Partners is in the process of buying Peachtree Settlement Funding, a specialty finance company, from DLJ Merchant Banking, according to a regulatory filing. The Boynton Beach, Fla.-based Peachtree Settlement Funding purchases high-quality deferred payment obligations, such as structured settlements, life […]

Bob Levine has left Milestone Partners, the Radnor, Pa.-based buyout firm he co-founded in 1995, to start his own shop—in part to avoid regulation by the Securities and Exchange Commission. L2 Capital, also based in the Philly suburb of Radnor, will make equity investments of $1 million to $15 million in manufacturing, distribution and service […]

The Securities and Exchange Commission proposed a rule on Wednesday that could require firms with $1 billion or more of assets to disclose how they pay professionals who help make investment decisions. Though the SEC’s press release on the rule doesn’t mention private equity by name, it says the rule would apply to financial institutions, […]