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KKR marks down data center business Aceco Firm accuses former owner GA of hiding problems at the company KKR and GA in private arbitration Kohlberg Kravis Roberts’ first direct investment in Brazil is in deep trouble. The firm invested around $250 million into data center operator Aceco TI in 2014, but the value of the investment has […]

Warburg commits to $500m line of equity for oil & gas company Distressed assets not a priority Deal emerged from longtime Warburg relationship Despite depressed oil prices, Warburg Pincus has committed $500 million to seed efforts by a team of industry veterans to establish an oil and gas exploration and development company. Now that we “have the […]

A decision last August by the National Labor Relations Board continues to throw into question the tidy arm’s length relationship that private equity shops have maintained with their portfolio companies. Under a worst case scenario, sponsors may find themselves involved in collective bargaining with unions at portfolio companies, liable for any unfair labor practices, and on the hook for pension contributions. […]

Firm: BDT Capital Partners Fund: BDT Capital Partners Fund II Target: $5 bln – $6 bln Amount raised: $6.2 bln Byron Trott, known for working with Warren Buffett and other billionaire clients, recently closed his second fund at $6.2 billion, as the ex-Goldman Sachs banker aims at a longer investment period than traditional vehicles, according to […]

Firm to split GP commitment between cash, fee waiver Percentage of GPs using waiver falls to 16 pct “Large funds just don’t deal with it anymore,” says one LP Tenex Capital Management’s commitment to its second flagship fund will be split evenly between a cash contribution and a management fee waiver, according to an investment memo […]

Carlyle to wind down DGAM Solutions ‘refocusing’ on secondaries, managed accounts Solutions reported lower ENI last year Carlyle Group will shutter its fund-of-hedge-funds Diversified Global Asset Management as it works to rebalance its Investment Solutions business unit. Bloomberg was first to report that Carlyle decided to shutter Toronto-based DGAM, which the firm acquired in 2014. The […]

Fundraising for first-timers is getting harder LPs pull away from first-timers as markets wobble Outlook for first-timers remains sluggish It’s always hard for a fledgling private equity firm to raise a debut fund, though LPs for the past few years have been more willing to explore relationships with first timers. This was a product of […]

Buyouts analyzes the positions of the major presidential candidates to determine who’s best (and worst) for private equity Private equity doesn’t like to remember the year of 2012, when the industry was rudely thrust into the harsh glare of a presidential political season. The scar of the Mitt Romney presidential campaign may never truly heal, but the industry […]

Deals will get done at more reasonable prices GPs expected to invest more cash than they return in 2016 Business cycle suggests a looming downturn Carlyle Group founder and co-CEO David Rubenstein said he expects an economic slowdown in 2016 after several years of expansion, but that lackluster growth could help private equity firms boost returns because […]

Company specializes in sensor arrays for truck fleets Phil Canfield eyes potential 3x subscription growth CEO Brandon Nixon remains at the company   GTCR’s Phil Canfield said the Chicago firm expects rapid growth to continue at Lytx Inc after announcing its platform acquisition of the trucking technology company for at least $500 million in cash. The […]