piotrk

GI Partners this month promoted Jeff Sheu, Angela Zhang, both dealmakers on the technology side, and Patrick Lawler, on real estate, according to the firm’s website. Sheu, Zhang, and Lawler confirmed their new roles to Buyouts. Sheu, previously director on the firm’s software and service verticals, becomes a managing director. Sheu joined the firm in 2005 as an […]

Scott Joachim is a lawyer at Goodwin, where he leads technology deals and advises clients in New York and Silicon Valley. He joined Goodwin in April 2018 after he founded and chaired the PE and fintech practice groups at Fenwick & West. How do you see PE firms navigating through high valuations? There is a […]

TPG named three veteran tech executives to its board of advisers to help identify and lead investments in data, development and operations and digital transformation. TPG added Sohaib Abbasi, Stephen Elop, and Jeffrey Tarr as senior advisers to the six-member technology advisory group. The advisers will spend half their time at the firm, helping TPG […]

Matt Melymuka co-founded PeakSpan Capital in 2015 with Phil Dur and Brian Mulvey. The firm, focused on growth investments in B2B software, in January closed its sophomore fund on $265 million, exceeding the $225 million target. How do you differentiate as a firm in a market like software? Over the last decade the number of startups […]

Technology Crossover Ventures has a fresh pool of $3 billion for what it sees as a great opportunity to buy into tech-enabled consumer and business and enterprise technology companies, Nathan Sanders, COO and general partner, told Buyouts. TCV said on Jan. 31 that it closed its 10th fund and plans to begin investing it this quarter. […]

As 2019 approaches, indications of change are emerging in pockets of the private equity industry, but underlying industry dynamics ought to fuel a steady level of sponsor-led dealmaking for the foreseeable future. “It just feels like Groundhog Day continues, meaning the story is really the same,” said John Dickie, co-head of private equity USA at […]

After the Q3 M&A exit market was the weakest of the year, the fourth quarter turned out to be the strongest. U.S.-based PE-backed exits posted the highest total value since Q4 2017’s $55.2 billion. All told, sponsors in the fourth quarter closed 123 deals totaling more than $34.6 billion, Thomson Reuters data showed. That compared […]

Deal generation is top of mind for sponsors as record fundraising continues to fuel a hypercompetitive environment. Jeff Greenip, global head of financial sponsors investment banking at Jefferies, said the evolution of deal sourcing in recent months has included a shift toward bilateral deals — those that stem from sponsors having direct dialogue among themselves. That’s […]

Through its second investment of the week, Varsity Healthcare Partners is the latest sponsor looking to help tackle the country’s opioid-abuse crisis. The Los Angeles’ PE firm has completed an investment in opioid-treatment provider Ideal Option, Buyouts has learned. Varsity, which backs lower-middle-market healthcare services companies, has provided growth capital in partnership with the company’s […]