Steve Gelsi
Apollo-backed retailer debt load ‘unsustainable’: S&P Investors received less than promised on debt issues Retailer faces near-term liquidity risk Claire’s Stores Inc, the specialty retailer backed by Apollo Global Management, managed to lower its interest payments after closing a roughly $578 million debt exchange, but the company faces an unsustainable capital structure, according to S&P […]
Ben Daverman, Lawrence Fey named as managing directors Daverman works on healthcare, Fey on TMT Stephen Jeschke moves up to principal Eleven-year GTCR veteran Benjamin Daverman said he’s playing a greater role at the Chicago firm and within its healthcare vertical now that he’s been promoted to managing director. “I’ll have increasing responsibility in the […]
Fund: Riverside Micro-Cap Fund IV Target: $500 mln Amount Raised: $650 mln Riverside Co closed its fourth micro-cap fund at its hard cap of $650 million, 30 percent ahead of its $500 million target, with participation from at least one new anchor LP, among others. Riverside Micro-Cap Fund IV plans to keep its deal size for companies below […]
Firm: GMB Mezzanine Capital Fund: GMB Mezzanine Capital III Private capital target: $100 mln Amount raised: $137 mln Total including SBIC portion: $290 mln GMB Mezzanine Capital drew in $290 million for its third mezzanine fund, surpassing its 2012 predecessor by $50 million, as it continues lending to lower middle-market companies with less than $200 […]
Riverside Co spinoff’s $325 mln debut fund oversubscribed Cleveland and Dallas firm nearing first acquisition Align Capital to add at least one vice president, associates Align Capital expects to hire at least one vice president, “a few” associates and an operating partner after the firm, founded by Riverside Co veterans, drew in $325 million of commitments in […]
Funding for fintech upstarts surges Established companies partner with younger firms Fund this year off to strong start Fueled by trends in mobile computing and big data, funding for venture-capital startups in financial technology has risen sharply in recent years, enabling new players to challenge incumbents, a leading academic in the field said. Interest remains strong as […]
Firm backed by a family office but may raise a fund White Oak: opportunity for return from sub-$1-bln managers Stakes will generate income over an extended period White Oak Equity Partners sees an opportunity to make minority investments in sub-$1-billion hedge funds in exchange for a share of their net income while offering expertise to […]
Firm: Ardian Fund: Ardian LBO Fund VI Hard Cap: $4.5 bln Amount raised: $4.5 bln Total including co-investments: $5 bln Ardian plans to increase the number of transactions in its middle-market buyout fund, while growing the size of each deal slightly after the Paris firm closed on $5 billion in a four-month capital-raising effort, an […]
Jenkins led acquisition of Antares by CPPIBC arlyle planning to add people, resource, products Exec named to new position at Carlyle Group Carlyle Group plans to add resources, products and people to its Global Market Strategies unit after the firm tapped Mark Jenkins for the new post of managing director and head of global credit, a source […]
Dell floats $23 bln in first lien notes, senior unsecured notes Deal creates largest private tech company in the world Take-private acquisition of EMC closed on Sept 7 Dell Inc’s $60 billion acquisition of EMC not only created the world’s largest private tech company, but the computer giant emerged with stronger credit, with plans […]