piotrk

The summer slowdown has finally caught up to U.S.-based buyout and mezzanine fundraising. Since the last issue of Buyouts, fundraising added only $1.8 billion to its year-to-date total, which is now at $227.8 billion. 2019 still outpaces 2018 by a far margin. EW Healthcare outraised all firms, closing its second growth equity fund at $745 […]

Investor appetite for emerging managers seems to be growing. Both the average and median for all investors increased from 2018 to 2019, according to the Emerging Manager Survey, published by Buyouts Insider in partnership with Gen II Fund Services. Small investors, those that commit less than $100 million per year to private equity and venture […]

The number of investors willing to make an anchor commitment increased, from 64 percent in 2018 to 76 percent in 2019, according to the Emerging Manager Survey. What hasn’t changed is what they expect in return: 78 percent of investors said they would seek discounted management fees for an anchor commitment.  

Court Square Capital is evaluating the sale of National Seating & Mobility, a supplier of specialized wheelchairs for those suffering from long-term or permanent mobility loss, according to three people familiar with the matter. Harris Williams is advising on the process, the people said. A private-equity-focused auction for NSM launched in mid-August, one of the […]

Luminate Capital invested in Thought Industries, an application software company that allows its customers to train and deliver learning experiences through its tech platform. The deal marks Luminate’s third investment out of its Luminate Capital Partners Fund II, which closed on $425 million in December 2018. The Boston-based Thought Industries is a software company that […]

Great Hill Partners’ investment in Pareto Health assigns the manager of employee benefit group captives a total enterprise value north of $200 million, Buyouts has learned. Confirming an August Buyouts report, Pareto said Wednesday it had completed a recapitalization with the Boston growth equity firm. Financial terms weren’t disclosed; however, Pareto Founder and CEO Andrew […]

Pamlico Capital has put Service Express on the block after a four-year hold, two sources familiar with the deal told Buyouts. The process kicked off after Labor Day, the sources said. First round bids are due at the end of September, they said. William Blair is advising the company on the sale. Service Express, based […]

Emerging private equity fund managers appear unaffected by the summer lull. Nine emerging managers raised $1.8 billion from Aug. 14 through Aug. 27, according to Buyouts data. That’s up from the previous roundup period, in which managers raised just over $1 billion. Year to date, new managers have raised a combined $41.3 billion, according to […]

GI Partners and TA Associates are exploring options for MRI Software, four sources told Buyouts. GI and TA, which each own half of MRI Software, are considering alternatives for the company, including a complete exit, the people said. MRI Software could sell for $2.5 billion to $3.5 billion, the sources said. The company has not engaged in formal discussions with […]

KKR & Co has hired Barclays to oversee the sale of Epicor Software, four sources familiar with the process told Buyouts. KKR started the conversation with potential buyers a month ago, the people said. Multiple parties, including one PE firm, are involved in the auction, sources said. The process represents a three-year hold for KKR, […]