Steve Bills
Firm: Permira Advisers Ltd Target: Provimi Sale Price: €1.5 billion Return Multiple: 2.3x Sometimes a buyout deal requires a sponsor to cut, to add on or to turn around. For Permira Advisers Ltd, its 2007 acquisition of the animal feed company Provimi called for it to prune and shape an existing business and give it […]
Apollo Global Management LP continues to rack up the deals in the leveraged lending market.
Some of the biggest LBO deals in history remain highly leveraged, an analysis by Buyouts shows. Even companies that have once again gone public continue to carry heavy debt loads.
Firm: Industrial Opportunity Partners Fund: Industrial Opportunity Partners II LP Target: $250 million Amount Raised: $275 million Placement Agent: Park Hill Group Legal Counsel: Sidley Austin Industrial Opportunity Partners has closed its second buyout fund with $275 million of committed capital, the Evanston, Ill., firm announced this month. The firm said it held a first […]
Target: Grove Park Inn Resort & Spa Price: Undisclosed Sponsor: KSL Capital Partners LLC Seller: Sammons Enterprises Inc. Denver buyout shop KSL Capital Partners LLC is doubling up on the deals, pursuing a rare bidding war against Apollo Global Management for control of publicly traded Great Wolf Resorts while it inked an agreement to acquire […]
The Comvest Group has returned to its dual style of investing with the completion of fundraising for its second private equity debt fund, Comvest Capital II, with $250 million.
The CLO market is showing signs of surprising strength, although nowhere near the peak it reached in 2006 and 2007. And regulatory changes in the United States and abroad could cripple the market’s comeback.
Firm: Symphony Technology Group LLC Fund: STG IV Amount Raised: $870 million Symphony Technology Group LLC announced March 27 that it has closed its latest fund, STG IV, at its targeted $870 million. Palo Alto,Calif.-based Symphony Technology Group is a growth oriented specialist in technology and software companies. Symphony Technology Group said the new fund […]
Firm: Gene Yoon startup Amount Raised: $500 million Former Great Hill Partners executive Gene Yoon has left the Goldman Sachs private equity organization to manage a new $500 million buyout fund, Fortune magazine reported, citing sources. Yoon was at Goldman Sachs for four years, at its Americas Special Situations Group, which focuses on growth equity […]
Although 2012 got off to a slow start on the deals front, Chris Ruggeri expects corporations to step up their M&A activity as the year continues. Indeed, the end of the year could turn out to look like a replay of 2010. From the standpoint of transactions done, the first quarter was “statistically pretty dismal,” […]