Steve Gelsi
Level Equity Management LLC, founded in 2009 by two alumni of Insight Venture Partners, has closed its sophomore growth equity fund with $255 million in commitments just two years after wrapping up its inaugural private equity vehicle, according to a statement from the New York-based firm.
HGGC’s $725 million deal to buy the warranty repair unit of contract electronics manufacturer Jabil Circuit Inc ranks as the firm’s largest add-on deal in its history as it builds up its iQor Holdings Inc platform to about $1.5 billion in revenue after the transaction closes.
New MainStream Capital, a specialist in equity investments and leveraged buyouts of middle-market companies, has reached a first close for New MainStream Partners Fund II on its way to a $250 million target, three years after its spin-out as a group of portfolio companies from the Goldman Sachs Merchant Banking unit, according to a person familiar with the firm.
Pharos Capital Group, the Dallas-based private equity firm founded by Fortune 500 company director Kneeland Youngblood and two Goldman Sachs veterans, is nearing a final close of its third growth equity/buyout fund, with an expected total of $500 million after more than two years in the market, according to a person familiar with the firm.
Scott Crabill, managing partner, San Francisco office, for Thoma Bravo, explains how the vintage 2008 Thoma Bravo Fund IX boosted returns and set the tone for successive funds.
Leonard Green & Partners LP’s Peter Nolan said the firm’s move to buy Lucky Brand Jeans for $225 million from Fifth & Pacific Cos Inc marks an unusual move as a corporate carve-out, but the retail-oriented private equity firm sees potential to grow the business once it’s operating as an independent company.
Three key private equity industry surveys discussed this week point to strong fundraising and increased support from limited partners in 2013 – and suggest a healthy year ahead.
Can Fenway Partners and KRG Capital overcome their recent staff turnover and underperforming funds?
Jordan Company has placed Haas Group International on the selling block in a deal that could value the chemical management company at about $700 million, according to people familiar with the transaction.
Centerview Partners, the New York investment bank co-founded by big ticket deal-maker Blair Effron, is quietly moving ahead with plans to raise sector-focused private equity funds aimed at the technology and consumer businesses, according to two people familiar with the firm.