The CLO market is showing signs of surprising strength, although nowhere near the peak it reached in 2006 and 2007. And regulatory changes in the United States and abroad could cripple the market’s comeback.
Firm: Symphony Technology Group LLC Fund: STG IV Amount Raised: $870 million Symphony Technology Group LLC announced March 27 that it has closed its latest fund, STG IV, at its targeted $870 million. Palo Alto,Calif.-based Symphony Technology Group is a growth oriented specialist in technology and software companies. Symphony Technology Group said the new fund […]
Firm: Gene Yoon startup Amount Raised: $500 million Former Great Hill Partners executive Gene Yoon has left the Goldman Sachs private equity organization to manage a new $500 million buyout fund, Fortune magazine reported, citing sources. Yoon was at Goldman Sachs for four years, at its Americas Special Situations Group, which focuses on growth equity […]
Although 2012 got off to a slow start on the deals front, Chris Ruggeri expects corporations to step up their M&A activity as the year continues. Indeed, the end of the year could turn out to look like a replay of 2010. From the standpoint of transactions done, the first quarter was “statistically pretty dismal,” […]
This ain’t no pillow fight. A boardroom brawl over the now-public bedding company Sealy Corp. is shining a spotlight on the array of fees that buyout firms charge to companies in their portfolios.
North Castle Partners, which famously turned lemons to lemonade with a diet company called Atkins Nutritionals Inc., is talking to prior investors about raising a fifth fund with a target of $250 million. The Greenwich, Conn.-based firm expects to reach a first closing in the neighborhood of $100 million, the size of its 2007 predecessor […]
Pension System: New York City Bureau of Asset Management Pension Assets: $115 Billion (Dec. 31, 2011) Invested Private Equity Assets: $7.9 Billion (Dec. 31, 2011) Private Equity Allocation: 6.9% (Dec. 31, 2011) Chief Investment Officer: Lawrence M. Schloss The New York City Bureau of Asset Management, which earlier this year added $500 million to the […]
Company: Annie’s Inc. Offering: $95 million Sponsor: Solera Capital LLC Underwriters: Credit Suisse, JPMorgan Solera Capital LLC earned a return of $77.3 million when portfolio company Annie’s Inc. went public Wednesday, as the New York buyout shop sold 4.4 million shares at $19. Solera Capital, known for being founded by women in a business dominated […]
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 […]
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