Heath Wilson is launching his newest business platform with more momentum than he did when he co-founded eVestment with Jim Minnick and Matt Crisp 16 years ago. “When we started the business we really didn’t have anything. We started with a group of consulting firms that wanted to standardize and become more efficient in how […]
U.S.-based buyout and mezzanine fundraising added $3.6 billion to its yearly total over the past two weeks. That total now sits at $162.5 billion and trails the year-earlier period by $10.8 billion, or 6.2 percent. A bevy of fund closings took place, most notably from Carlyle Group. Carlyle wrapped up its second Energy Mezzanine Opportunities […]
Firm found portfolio company CEO at the poker table Live Ventures avoids auction, pays $60 mln for Vintage Stock Inc Cash-flush corporates more bullish on M&A and prices In the face of painfully high LBO prices, Live Ventures, the publicly traded holding company backed by Isaac Capital Group, goes out of its way to keep from overpaying. […]
PRIVATE EQUITY FIRMS Advent International hired James Buzzard as an operating partner. Buzzard is the former president of MeadWestvaco. Align Capital Partners: Joining ACP’s Cleveland office are Rick Costello, operating partner, Katie Noggle, director of business development, Matt Beesley, vice president, and Dustin Brode, associate. New hires in the Dallas office include Jonathan Vadiee and Kurt Smentek, associates, and Joey Delgado, executive assistant. […]
After running Seven Mile Capital Partners, you’re leading a new seven-member Ardian team that’s investing in North American middle-market companies. What are the roots of SMCP? In 2009, I took over as head of private equity and alternatives for Citi Holdings, the entity that Citi set up [to divest] non-core assets. I was overseeing the wind-down of […]
Firm: Aurora Capital Year Founded: 1991 Investment Strategy: Middle market private equity buyouts; debt and equity investing for Aurora Resurgence Key Executives: Gerry Parsky, John Mapes, Matt Laycock, Josh Klinefelter, Michael Marino, Steve Smith, Sean Ozbolt Office Location: Los Angeles Assets under management: $2 bln Fundraising status: Currently in the market with Fund V, according […]
Moody’s study revealed 56 pct debt recovery rate on average Analysts see benefit of distressed exchanges Pre-packaged bankruptcies also help boost recoveries The average rate of debt recovery for private-equity-backed companies is comparable to that of companies with no PE presence, a study shows. The conclusion by the debt research firm Moody’s Investors Service, based […]
Adams Street Partners landed on a watch list for North Dakota Retirement and Investment Office over concerns the funds-of-funds manager wasn’t being transparent, state pension documents show. Its time on the watch list may be short. “We had a little misunderstanding that we’ve verbally worked out,” Executive Director and Chief Investment Officer David Hunter told Buyouts. […]
Frozen food company sold for $1.08 bln Thailand’s Charoen Pokphand Foods outbids rivals for Bellisio Centre Partners bought company in 2011 Centre Partners Management is making more than 6x its invested capital in the pending sale of Bellisio Foods Inc for $1.08 billion, a person familiar with the deal said. The New York firm drew interest […]
Lone Star Fund X draws in $5.6 bln Lone Star Real Estate Fund V gets $5.8 bln Lone Star Fund IX raised $7.2 bln in 2014 Lone Star Funds cleared $11 billion in fresh capital raised this year, surpassing the $7.2 billion it raised in 2015. The Dallas private investor in real estate, equity and credit […]
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