Eamon Murphy
Alternative to VC and bank financing Firms will work together on sourcing Searchlight to invest out of existing funds Searchlight Capital Partners is teaming with investment and merchant bank LionTree to offer financing for growth companies in the technology, media and telecom sectors, the latter firm’s specialty. The partnership, called LightTree Capital Solutions, “will provide a distinct alternative […]
Runs global underwriting, portfolio management at legal finance firm Burford takes legal costs off balance sheets by financing litigation Buys awards, hedges downside risk, monetizes pending cases The rise of litigation finance has led some to question the wisdom of allowing third parties to fund lawsuits, but the biggest player in the industry has already moved […]
Long fund life, distribution waterfall flagged in LP doc Third-party owner to put up majority of GP commitment Fund targeting $4 bln, with $2.4 bln raised Secondaries firm Landmark Partners’ next private equity vehicle will have a 14-year fund life, with a possible two-year extension at the GP’s sole discretion, pension documents say. This and other unique terms […]
Fund IV targeted $450 mln, first fundraise since 2002 Firm raised $125 mln SPAC in 2010 Fund III restructured by CPPIB, Goldman in 2014 J.W. Childs Associates is back in market with its fifth fund targeting $500 million, a fundraising filing with the SEC shows. A spokesman for the firm declined to comment. The previous […]
Leads BDO’s restructuring practice for energy, chemicals, renewables Resume includes Koch, Enron, BP, operating-partner work Still seeing bankruptcies in power generation, oilfield services, drilling, shipping Basil Karampelas has been all around the energy sector, as an investment banker, corporate development professional, operating partner, interim CEO and now restructuring consultant with accounting and advisory firm BDO. “We do a […]
Bain bought 50 pct of footwear company in 2014 Moody’s: leverage, retail environment obstacles to turnaround Progress since LBO, but operating risk remains high Moody’s Investors Service downgraded TOMS Shoes, a footwear company backed by Bain Capital, citing excessive leverage in a challenging retail climate. The agency assigned TOMS and its first-lien term loan a rating of Caa3, […]
Abbrecht appointed head of PE in May Previously worked on consumer, healthcare Firm targeting $3 bln for Fund VIII Thomas H. Lee Partners, which is in market raising its eighth flagship fund, earlier this year created the role of head of private equity, naming Todd Abbrecht to the position. Abbrecht was appointed to the role […]
Fund VIII, targeting $3 bln, has two classes of LP interest Class A and B differ on profit distribution timing, hurdle rate Structure has been used by GPs to retain younger talent Thomas H. Lee Partners is offering investors in its next fund a choice of either deal-by-deal or European-style carried interest distribution in its eighth […]
Third fund since switch from subordinated debt to control equity Will target advanced manufacturing, specialty distribution, business services Investment strategy stresses capital preservation Windjammer Capital Investors is targeting $800 million for its fifth institutional fund, according to pension documents. Windjammer Senior Equity Fund V will pursue control buyouts in middle-market businesses, including advanced manufacturing, specialty distribution and business services companies. […]
Strategic buyer paid $130 mln for semiconductor equipment maker Firm said revenue grew by 4x under its ownership Ichor expects Talon to add $70 mln – $90 mln of annual revenue Graycliff Partners made 10x its money on the sale of Talon Innovations Corp to Ichor Holdings, a source familiar with the matter said. Ichor announced the closure of […]