Steve Bills
Mezzanine financing could be a big winner in the Libor scandal, in the opinion of Evan J. Segal, an entrepreneur and author. While Barclays has agreed to pay $453 million to regulators to settle charges that the British bank manipulated the benchmark interest rate, the evidence suggests Barclays may not have been alone, Segal said. […]
JV to operate apart from KKR’s in-house business Also expanding into mutual funds, BDC advisory ’Now we’re talking to CIOs and CEOs’ As it continues its quest to diversify its businesses, Kohlberg Kravis Roberts & Co. has decided to expand its capital markets and related financial services business into the middle market through a joint […]
Firm: LNK Partners Fund: LNK Partners II Amount Raised: $400 million Placement Agent: Credit Suisse Legal Counsel: Paul, Weiss, Rifkin, Wharton & Garrison Private equity firm LNK Partners has closed a $400 million fund, its second, that will be dedicated to investments in the consumer and retail space, the firm announced. LNK Partners II was […]
Count the growth equity firm Summit Partners among those raising new funds to meet the credit needs of portfolio companies. The Boston-based firm announced Aug. 1 that it had closed a $520 million credit fund, well ahead of the vehicle’s $300 million target.
Tom Cates says he has gotten calls from time to time from buyout shops since his consulting firm, the Brookeside Group, first made the Inc. 500 list of fast-growing small companies four years ago. The volume of calls might ramp up now that the firm is industrializing one of its consulting tools, an online surveying […]
Babson Capital Management LLC is returning to the business of making senior loans for leveraged deals, executives of the Springfield, Mass., lender told Buyouts, citing growing demand from financial sponsors and investors.
Firm: Golub Capital Inc. Target: $500 million Fund: Golub Capital Partners VIII LP Amount Raised: $36.4 million Fund: Golub Capital International Ltd Amount Raised: $147.7 million Placement Agent: None Golub Capital Inc. has closed on more than $180 million in investor commitments as the firm gears up for a formal fundraising drive in the fall. […]
Perhaps this is the future of leveraged lending: buyout shops expanding even further into credit strategies. Thomas H. Lee Partners LP is the latest to make a big move.
Sensata Technologies Holding NV is becoming the latest flashpoint in Mitt Romney’s presidential campaign, as workers at an Illinois factory appeal to the former Bain Capital executive to prevent the closing of their plant and the transfer of the work to China.
JOBS Act contained early July deadline Rule change would enable wider marketing No indication how commission will act The Securities and Exchange Commission missed its early July deadline to draft rules enabling the general advertising of private equity funds, but the commission appears to be on track to take up the question before the end […]