Private equity firm Silver Lake has hired JPMorgan Chase & Co, Barclays Plc and Morgan Stanley to lead a potential initial public offering of Mercury Payment Systems LLC, according to people familiar with the matter, sister news service Reuters reported.
PSP Investments, one of Canada’s largest pension investment managers, sold a roughly $1.5 billion portfolio of private equity holdings around the end of the third quarter, according to three people with knowledge of the deal, sister publication peHUB reported.
Private equity firm Roark Capital Group has clinched a deal to acquire Apollo Global Management-based restaurant group CKE Inc, the parent of the Hardees and Carl’s Jr fast food chains, sister news service Reuters reported.
JLL Partners co-founder Paul S. Levy is expecting more acquisitions after the firm closed a carve-out transaction valued at $2.6 billion to combine its Patheon portfolio company with Dutch-based DSM’s pharmaceutical unit, in a deal that drew $200 million in co-investments from the New York firm’s limited partners.
Goldman Sachs Group Inc’s private equity arm is nearing a deal to acquire events services company PSAV Presentation Services for close to $900 million, according to people familiar with the matter, sister news service Reuters reported.
PharMEDium Services LLC, a venture capital-backed provider of pharmacy compounding services to hospitals, is in discussions to sell itself for close to $1 billion, according to people familiar with the matter, affiliated news service Reuters reported.
Stepping outside of its usual playbook as an information technology investor, Thoma Bravo will pay an undisclosed sum for fellow Chicago-based firm Segall Bryant & Hamill, a fixed income and public equity portfolio specialist with $9 billion in assets under management.
Wondering what’s hot with institutional investors? Keep an eye on what products advisers are creating for them. And right now at least two are in the market with energy funds of funds.
Littlejohn & Company is out talking to limited partners about launching its fifth fund with a potential target of $1.5 billion, according to a person who has heard the fundraising pitch, sister news service peHUB reported.
The JOBS Act gives buyout shops unprecedented ability to market their funds to investors broadly but limits the actual sale of partnership interests to investors who are accredited — the same standard that always has applied. But for fund sponsors seeking to reach the vast retail market, suggests Lennine Occhino, a partner at the law firm Mayer Brown, maybe the most direct route would be to market themselves to defined contribution retirement plans, such as target-date funds.
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