Firm: Leonard Green & Partners LP Fund: Green Equity Investors VI LP Target: $5 billion Amount Raised: $5.8 billion Los Angeles buyout shop Leonard Green & Partners LP appears to be set to comfortably top its target on Fund VI. The firm has collected $5.8 billion in commitments from investors for Green Equity Investors VI […]
It depends how you look at it: Equity contributions in LBO deals continued to grow in the first quarter of 2012, as did the multiples on deal pricing, when compared to the same period a year ago, according to Standard & Poor’s Leveraged Commentary and Data, perhaps reflecting a progressive strengthening of the deal economy.
Firm: Permira Advisers Ltd Target: Provimi Sale Price: €1.5 billion Return Multiple: 2.3x Sometimes a buyout deal requires a sponsor to cut, to add on or to turn around. For Permira Advisers Ltd, its 2007 acquisition of the animal feed company Provimi called for it to prune and shape an existing business and give it […]
Apollo Global Management LP continues to rack up the deals in the leveraged lending market.
Some of the biggest LBO deals in history remain highly leveraged, an analysis by Buyouts shows. Even companies that have once again gone public continue to carry heavy debt loads.
Firm: Audax Group Target: Northern Digital (NDI) Entry Price: More than 8x EBITDA Return Multiple: Several times its investment Advisers: Bank of Montreal (to NDI on its purchase); Harris Williams and Morgan Keegan co-advised on the sale Northern Digital had an acquisition opportunity right under its nose. But it took a little push from its […]
Investors may be in the driver’s seat these days when it comes to partnership terms and conditions. But through separate accounts and side letters, big investors are driving down costs and building customized investment programs at an accelerated pace—threatening disharmony with their shallow-pocketed brethren. Perhaps the biggest threat to small investors comes from separate managed […]
Firm: Industrial Opportunity Partners Fund: Industrial Opportunity Partners II LP Target: $250 million Amount Raised: $275 million Placement Agent: Park Hill Group Legal Counsel: Sidley Austin Industrial Opportunity Partners has closed its second buyout fund with $275 million of committed capital, the Evanston, Ill., firm announced this month. The firm said it held a first […]
Target: Grove Park Inn Resort & Spa Price: Undisclosed Sponsor: KSL Capital Partners LLC Seller: Sammons Enterprises Inc. Denver buyout shop KSL Capital Partners LLC is doubling up on the deals, pursuing a rare bidding war against Apollo Global Management for control of publicly traded Great Wolf Resorts while it inked an agreement to acquire […]
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