Bernard Vaughan

Josh Lerner will discuss more details of his nascent non-profit research project, the Private Capital Research Institute, during his talk at Super Return next Wednesday, the Jacob H. Schiff Professor at Harvard Business School told Buyouts. Lerner started the organization last April to provide academics with more data in order to produce unbiased research into […]

This past week I’ve been reporting a feature on some of the worst-performing buyout funds of all time. Not surprisingly, people associated with these funds have been hard to track down (as many of the firms are no longer in existence) or unresponsive to calls and e-mails seeking comment. Not so David Stockman. For the […]

Target: Phoenix Brands LLC Price: $135 million Sponsor: Lincolnshire Management Seller: Trilantic Capital Partners Lincolnshire Management is buying Phoenix Brands LLC, a Stamford, Conn.-based maker of laundry detergents, from Trilantic Capital Partners, for around $135 million. Lincolnshire, based in New York, will pay around $55 million in equity, and has secured $80 million in senior […]

Firm: Cohesive Capital Partners Fund: Cohesive Capital Partners Fund LP Target: $250 million Placement Agent: None Cohesive Capital Partners has held a first close of approximately $100 million on its debut fund, earmarked for co-investments alongside private equity firms, a source familiar with the fundraising effort told Buyouts. The New York-based firm also recently closed […]

Firm: Centerbridge Partners LP Fund: Centerbridge Capital Partners II LP Target: $3.75 billion Placement Agent: Park Hill Group LLC Centerbridge Partners LP has so far raised $2.2 billion for its second fund, according to a regulatory filing Thursday. The New York-based shop is seeking to raise $3.75 billion for the fund, Centerbridge Capital Partners II […]

Buyout shops are expected to be all over the Fortune Brands Inc. break-up, according to two senior bankers. Firms that have had Fortune Brands on their radars for some time include The Blackstone Group, The Carlyle Group, Kohlberg Kravis Roberts & Co. and TPG Capital, said the head of financial sponsors at one bank. “Private […]

Firm: TIAA-CREF Fund: Name unclear Strategy: Distressed fund of funds Target: $400 million The Teachers Insurance and Annuity Association College Retirement Equities Fund, or TIAA-CREF, long one of the most prolific investors in buyout funds, has launched its first fund of funds to give other investors a chance to cash in on its general partner […]

Huntsman Gay Global Capital LLC, an upstart buyout shop working through a $1.1 billion debut fund, is leading an investor group expected to pay $208 million for a 51 percent stake in Sunquest Information Systems Inc., a provider of laboratory, radiology and pharmacy software products to hospitals and commercial laboratories. Details of the complex transaction […]

Executives at First Reserve Corp., the energy-focused investment firm that’s invested $12.5 billion since 1983, are debating an expansion into Asia, Managing Director Alex Krueger told Buyouts. The plans are in their earliest stages and no office openings or personnel changes are imminent, Krueger said. Three spots where the Greenwich, Conn.-based firm is focusing for […]

As Steve Rattner reportedly continues to negotiate with authorities over his alleged role in a pay-to-play scandal, executives at the firm he helped establish, Quadrangle Group LLC, are zeroing in on their options. These include staying independent, selling to a private firm or partnering with one, or establishing a captive fund with a major corporation […]