Eamon Murphy
Clearlake carved out Futuris from Australia’s Elders Bet on increasing importance of auto interiors in era of self-driving cars Turnaround included two add-ons Clearlake Capital Group’s sale of automotive-seating supplier Futuris, for which Adient has agreed to pay about $360 million, represents a handsome return on a bet placed four years ago. Clearlake carved out Futuris […]
CEO forum advised White House, led by Blackstone chairman Members decided to disband after Trump Charlottesville remarks After initial fanfare, advisory councils hadn’t met in months A White House advisory council led by Blackstone Group’s Stephen Schwarzman has disbanded in the wake of President Donald Trump’s widely criticized response to white supremacist violence in Charlottesville, Virginia. In […]
Hasn’t raised buyout fund since losing investment in EMI Founder Hands joined by new CEO, head of portfolio businesses Firms exiting legacy portfolio, investing deal by deal Terra Firma Capital Partners is targeting $3.42 billion for its sixth fund, according to a filing with the SEC. This would be the firm’s first buyout fund since it lost a […]
Sold compliance consulting business CounselWorks to Duff & Phelps in 2016 Expertise in buy-side and sell-side regulations Developed relationships with SEC and Congressional committees In late 2006, Rosemary Fanelli launched a compliance consulting business called CounselWorks. She had been the chief compliance officer of investment bank Allen & Co — a position in which “I was able to become extremely […]
Trump optimism down by more than half M&A still expected to pick up in second half New emphasis on value creation amid increased competition, high multiples David Hellier is president of the Association for Corporate Growth’s New York chapter, which provides a network for middle-market dealmakers in private equity, corporate development, professional services and finance. Hellier […]
Three LinCap partners and an associate leaving for new firm Departures timed to coincide with LinCap’s next fundraise Watervale targets suppliers of engineered products to niche industries Three Linsalata Capital partners are spinning out to form a new firm, Watervale Equity Partners, that will target control investments in manufacturers and distributors of industrial and consumer products with […]
With Lone Star since 2011; had been JP Morgan investment banker President Sam Loughlin is leaving the firm Responsible for real estate and PE investments in U.S., Canada Lone Star Funds announced the appointment of Nick Beevers as president for North America, succeeding Sam Loughlin. Loughlin is leaving the private equity firm. A spokesperson declined comment […]
Fundraising on track to $220 billion, equal to 2007 Half of commitments through June went to megafunds 2016, 2017 vintage returns pressured by high asset prices Fueled by public pensions facing shortfalls, private equity funds are amassing capital at pre-recession levels, Pitchbook reports. But even with fund sizes swelling, megadeals are hard to come by: Only five […]
iCapital Network connects GPs with wealthy investors and advisers Platform offers end-to-end automation of alternative investment process UBS recently joined BlackRock as a strategic investor Lawrence Calcano says he spends his working hours on three things: strategy, clients and culture. As CEO of iCapital Network, Calcano is focused first of all on “building out all […]
Stewart and Whiteman formerly ran Carlyle Strategic Partners $870 mln fundraise exceeded $750 mln target four deals done; investments to be reactive/situational Michael Stewart and Ray Whiteman, former Carlyle Group partners, raised a debut fund of $870 million for Stellex Capital Management. According to Stewart, they did it with the mindset of experienced industry operators. […]