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Brynwood Partners is selling High Ridge Brands Company pitched as an opportunity for roll-ups Brands include Zest and Alberto VO5   Clayton, Dubilier & Rice has agreed to pay about $400 million to buy High Ridge Brands from Brynwood Partners as the New York firm looks to grow the owner of national shampoo and soap brands, according to […]
White & Case, Mara Topping, law firm
Some emerging markets LPs ask for tough key-man provision Provision would classify unresolved key-man issue as “for cause” event Could lead to loss of carried interest for GP Some emerging markets limited partners are asking for a “draconian” provision meant to punish managers who don’t resolve key-man issues, according to panelists at a recent conference […]
calpers
Commitments include large re-ups with Advent, Ares $290 bln pension commits $50 mln to Cerberus co-investment California Public Employees’ Retirement System committed almost $1 billion to private equity in March, including $500 million allocated to Advent International’s new flagship fund. In addition to Advent, Calpers committed $425 million to Ares Management’s new PE vehicle and […]
Firm manages 11 portfolio investments GP sees opportunity in health care data streams Firm has invested its own capital in deals   Skyway Capital Partners, a lower-middle-market buyout firm with 11 portfolio investments, ranks healthcare as a key focus of its hunt for companies posting Ebitda of $1 million to $7 million. Bryan Crino, president of […]
First Reserve, SEC, legal
First Reserve close to settlement with SEC Issues include expenses at portfolio company Senior-adviser fees should have been offset against management fee First Reserve agreed to reimburse its investors $12.7 million and pay a $5 million fine to settle a Securities and Exchange Commission investigation  into various fee and expense practices, according to an LP with […]
Buyout loans more easily available after Q1 shutdown: Apollo’s Harris High-yield market more robust LBOs above $5 bln to be rare due to bridge-loan challenges Loan markets for buyouts have generally snapped back in the past couple of months, but LBOs of more than $5 billion will be rare because of challenges in the bridge-loan market, […]
calpers
CalPERS sent out ILPA reporting template in January Seeks portfolio company-level fee info GPs adjust to the template California Public Employees’ Retirement System has been asking its private equity managers for detailed portfolio-company-level fee information, according to three people with knowledge of the system. The system, like other large public pensions, in January started sending its […]
Ranks as largest-ever infrastructure fund Surpasses $8.3 bln predecessor Firm has at least one top quartile fund Global Infrastructure Partners quietly broke its own record for the largest infrastructure fund ever raised with $10.8 billion in commitments for its third pool, according to filings. The New York and London-based private equity firm headed up by […]
Firm: Francisco Partners Fund: Agility Fund Target: $500 mln Francisco Partners Management LP recently told its limited partners it’s launching a new fund, called Agility, with a $500 million target aimed at smaller tech deals, according to sources. The size range of deals on which the Agility fund will focus is unclear. A spokesman for […]
Regulator takes aim at end-of-fund-life issues, cybersecurity Apollo sets aside $45 mln related to accelerated monitoring fees Executives complain privately but work with regulators The U.S. Securities and Exchange Commission has reached at least $90 million in settlements with GPs since it started scrutinizing the industry in 2012. That amount is small compared to the trillions in […]
buyouts
buyouts

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