Bernard Vaughan

Executives with Arle Capital Partners are preparing to raise their first independent fund since the London-based buyout shop spun out of Candover Investments plc to manage the Candover portfolio earlier this year, Partner Nils Stoesser told Buyouts. The fund is still very much in the planning stages. But Stoesser said the firm would likely try […]

Firm: The Riverside Company Funds: Riverside Asia Fund II, Riverside Capital Appreciation Fund VI, Riverside Europe Fund V Targets: (approx. for each) $100 million, $1 billion, $600 million Placement Agent: TBD The Riverside Company is in talks with a single placement agent to help it raise close to $2 billion across three funds next year, […]

Former Kohlberg & Co. Co-Managing Partner Chris Lacovara is transitioning out of the firm as it seeks to raise $1.5 billion for its next fund. The mid-market buyout fund, started by Kohlberg Kravis Roberts & Co. co-founder Jerome Kohlberg in 1987, has so far raised $520 million for Kohlberg Investors VII LP and will likely […]

The battle over perhaps the quickest private equity “quick flip” in history has edged closer to a lawsuit. A federal court on Nov. 17 denied a motion by Castle Harlan Inc. to toss subpoenas that seek documents regarding the firm’s rapid acquisition and sale in July of Norcast Wear Solutions. On July 6, Castle Harlan […]

Dozens of young adults allege they were abused at Mount Bachelor Academy, a so-called “tough love” boarding school for troubled youths in Oregon run by Aspen Education Group, a company owned by CRC Health Group, a large national health care company bought by Bain Capital in 2005 for $720 million. The allegations are spread across […]

Firm: Blue Wolf Capital Partners Fund: Blue Wolf Capital Fund III LP Target: $300 million – $400 million Placement Agent: None Executives at Blue Wolf Capital Partners are eyeing a much larger fund for their sophomore effort. The small turnaround shop had hoped to raise as much as $250 million for its debut institutional fund […]

Firm: HM Capital (the successor to Hicks, Muse, Tate & Furst) Companies: MaineToday Media, The Wilkes-Barre Publishing Co. Status: Both companies have been hit hard by an advertising downturn, and late last month Richard Connor, CEO of Maine Today Media, announced he was stepping down; Connor also said he was resigning as editor and publisher […]

Firm: Lightyear Capital LLC Fund: Lightyear Fund III LP Target: $800 million, $1.1 billion hard cap Amount raised: $653.8 million Placement Agent: UBS Securities LLC Lightyear Capital LLC, the buyout firm founded by former Paine Webber Group Inc. CEO Don Marron, is closing in on its fundraising target for its third fund, a source close […]

Target: Pharmaceutical Product Development Inc. Price: $3.9 billion Sponsor:The Carlyle Group, Hellman & Friedman LLC Seller: Pharmaceutical Product Development Inc. Financial Adviser: Sponsor: Credit Suisse; Seller: Morgan Stanley & Co LLC, Lazard Legal Adviser: Sponsor: Latham & Watkins LLP, Simpson Thacher & Bartlett LLP, Covington & Burling LLP; Seller: Wyrick Robbins Yates & Ponton LLP; […]

Credit Suisse, the investment bank Sunoco Inc. hired to shop two oil refineries in Philadelphia, is reaching out to private equity firms as potential buyers, according to an executive at one firm who recieved a book on the sale. Executives at the oil company said last month it would sell the two refineries—one in South […]