Steve Gelsi
Sun Capital Partners Inc paid an undisclosed sum for a majority stake in Gem Shopping Network as the Florida-based buyout shop known for turnarounds invested in a growing,100-employee retailer now expanding its TV footprint.
Kohlberg & Co is ranked in the top quartile among vintage 2007 private equity funds, according to data compiled by Buyouts. The firm has been active of late, with moves to buy Risk Strategies, Nellson Nutraceutical and a deal to buy Midwest Underground Technology Inc for its Sabre Industries platform.
Back in 2007, while some of the largest buyout deals of all time, laden with debt, made big headlines, Olympus Partners pitched its fifth fund to prospective limited partners using a contrarian twist.
The favorable shareholder vote for Michael Dell and Silver Lake to take Dell Inc private for $24.9 billion clears the way for the LBO to join the list of richest private equity acquisitions of the past ten years.
Dell Inc’s pace of mergers and acquisitions may slow to $500 million to $1 billion a year after a $12 billion shopping spree since 2010 as the computer maker grapples with slowing personal computer sales and a higher debt load, Moody’s Investor Service said on the eve of a shareholder vote on the $25 billion leveraged buyout.
Veronis Suhler Stevenson LLC’s movie house platform Southern Theatres LLC has bulked up with the acquisition of Movie Tavern, a Dallas-based cinema eatery chain with 16 locations and 130 screens in seven states, as it continues to invest from its 2005 buyout fund.
Carlyle Group, with an energy portfolio of about $28 billion, has recently added six power plants to its Cogentrix platform. The firm is also raising an international energy fund with a target of $1.5 billion.
Hamilton Lane raised nearly twice as much for its new secondary fund as it did for its predecessor from four years ago, partly because of wider acceptance and better liquidity in the marketplace for ownership interests in funds, an executive at the firm said.
Silver Oak Services Partners, the lower-middle-market specialist that closed its $209 million fund earlier this year, has exited its investment in surgery center operator Physicians Endoscopy in a deal with Wells Fargo spin-off Pamlico Capital.
Firm: Hamilton Lane Fund: Hamilton Lane Secondary Fund III LP Target: $650 million Amount Raised: $900 million Hamilton Lane raised nearly twice as much for its new secondary fund as it did for its predecessor from four years ago, partly because of wider acceptance and better liquidity in the marketplace for ownership interests in funds, […]