Steve Bills
Manipulation of Libor could lead to lawsuits for years to come, and don’t be surprised to see some sponsors take part.
Mid-market equity contributions hit a high Mid-market deal multiples rise to 8.3x EBITDA Deals easier to complete for large targets Mid-market deals became more expensive in the second quarter, as both the purchase price multiples and the sponsor contributions increased, according to Standard & Poor’s Leveraged Commentary and Data. The mid-market equity contribution hit 45.57 […]
Firm: Harbour Group Ltd. Fund: Harbour Group Investments VI LP Target: $650 million Amount Raised: $241.5 million Placement Agent: None known The St. Louis buyout firm Harbour Group Ltd has gotten off to a quick start for its sixth fund, raising $241.5 million in a first close toward a planned $650 million target, according to […]
Bob Lyddon is concerned about what the latest financial scandal will do to global liquidity and the flow of capital. In fact, he said, the squeeze may already have begun. “The size of lines [of credit] that banks have for doing business with one another is much smaller than it was before,” said Lyddon, managing […]
Crescent Capital Group is beefing up its mid-market lending operation as the firm hires new teams in Boston and London and raises nearly $1.5 billion in a series of new funds, the Los Angles lender’s first significant fundraising since it split in 2010 from TCW Group.
Financial sponsors may represent the best hope for IPOs in a lackluster 2012, says Wendy Hambleton, a partner in the capital markets practice at the accounting and financial advisory firm BDO USA. “There is a backlog of companies with private equity or venture capital money that are looking for an exit or a partial exit,” […]
Firm: Sankaty Advisors LLC Fund: Sankaty Credit Opportunities V-E2 LP Amount Raised: $2.3 million Fund: Sankaty Credit Opportunities V-A2 LP Amount Raised: $1.2 million Placement Agent: None Sankaty Advisors, the debt finance arm of Bain Capital, has raised $3.5 billion in two new specialized credit funds, regulatory filings showed. The Boston-based firm has raised $2.3 […]
Even by the standards of a megafirm, it was a busy week.
Target: Hearthside Food Solutions Price: $400 million Sponsor: Wind Point Partners Lender: GE Antares Wind Point Partners is taking a dividend for its investors from its $400 million recapitalization of Hearthside Food Solutions, a contract bakery company in Downers Grove, Ill., that it acquired in April 2009. The transaction was announced by GE Antares, the […]
Firm: Fulcrum Capital Partners Fund: PEF 2010 Amount Raised: $189 million Fulcrum Capital Partners Inc., a mid-market Canadian buyout firm, said it has completed fundraising on its fourth private equity fund, with committed capital of C$193 million ($189 million) for a fund it calls “PEF 2010.” Fulcrum, which spun out last November from HSBC’s Canadian […]