Target: Regional Management Corp. Price: $76 million Market Cap: $218 million Sponsor: Palladium Equity Partners Underwriters: Jefferies & Co. and Stephens Inc. Consumer finance company Regional Management Corp. said it intends to sell 4.2 million shares in its initial public offering of common stock at between $17 and $19 apiece. At the midpoint of that […]
Firm: Catterton Partners Fund: Catterton Growth Partners LP Sector Focus: Consumer goods and services, including food and beverage; retail and restaurants; consumer products and services; and media and marketing services. Founded: 1990 Strategy: Equity checks of $10 million to $30 million for control investments in fast-growing consumer companies Investment Pros: 11 partners With a fledgling […]
The buyouts market ought to be performing well, but dealmakers are struggling to break out of a persistent sluggishness that is holding activity back, says Hugh MacArthur, a partner at the consulting firm Bain & Co. and head of the its global private equity practice. “The real headwind is economic uncertainty,” said MacArthur, the lead […]
Firm: The Blackstone Group LP Fund: GSO Capital Opportunities Fund II Target: $3 billion to $3.75 billion Amount Raised: $4 billion Placement Agent: None Legal Counsel: Schulte & Roth The Blackstone Group LP has closed is sophomore mezzanine fund, GSO Capital Opportunities Fund II, with $4 billion in investor commitments, the New York megafirm confirmed […]
Firm: The Carlyle Group Fund: Carlyle Partners VI LP Target: $10 billion Placement Agent: None In what may be a first for the buyouts industry, The Carlyle Group is offering investors an easy way out of its planned Fund VI, according to people familiar with the plan. A provision in the PPM for Carlyle Partners […]
Target: Fluid Routing Solutions Price: $97.5 million Buyer: Park-Ohio Industries Inc. Seller: Sun Capital Partners Sun Capital Partners’ high-risk, high-reward strategy appears to have paid off with its investment in Fluid Routing Systems, a manufacturer of parts used in the automobile and industrial sectors that the turnaround firm bought in 2007 and guided through a […]
Firm: Admiral Capital Fund: Admiral Capital Real Estate Fund Target: $250 Million Co-Founders: David Robinson and Daniel Bassichis When it comes to raising his new fund, Hall of Fame basketball star David Robinson hit a trifecta, leveraging his fame as star for the San Antonio Spurs, his military ties (he attended the Naval Academy) to […]
Pension: Pennsylvania Public School Employees’ Retirement System Assets Managed: $47.9 Billion (Dec. 31, 2011) Private Investments: $9.7 Billion (Dec. 31, 2011) Private Equity: $7.2 Billion Private Investment Allocation: 20.4% Private Investment Allocation Target: 20.5% Chief Investment Officer: Alan Van Noord The Pennsylvania Public School Employees’ Retirement System, with $48 billion in assets, has plunged deeper […]
Pension: California Public Employees Retirement System Total Assets: $236 Billion (March 12, 2012) Private Equity Assets: $32.6 Billion (Dec. 31, 2011) Private Equity Allocation: 14% (Dec. 31, 2011) Private Equity Target Allocation: 14% Chief Investment Officer: Joe Dear The $236 billion California Public Employees Retirement System renewed its contract with Pension Consulting Alliance, its private […]
Pension: California Public Employees Retirement System Total Assets: $236 Billion (March 12, 2012) Private Equity Assets: $32.6 Billion (Dec. 31, 2011) Private Equity Allocation: 14% (Dec. 31, 2011) Private Equity Target Allocation: 14% Chief Investment Officer: Joe Dear The $236 billion California Public Employees Retirement System renewed its contract with Pension Consulting Alliance, its private […]
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