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Steve Gelsi

While the sale of the parent of the Chicago Tribune is drawing interest from Lee Mitchell, a managing partner of private equity firm Thoma Bravo LLC, a much smaller weekly paper in Boston plans to shut down for lack of a buyer.
Providence Equity Partners, in the midst of a new fundraising effort, has committed $250 million to its new, high-profile partnership with the National Football League to invest in sports and entertainment-related media assets, a source familiar with the firm told Buyouts.
Primus Capital Partners has closed Primus Capital Fund VII LP with $353 million in commitments, well ahead of the target of $300 million, as the Cleveland-based private equity firm focuses on acquiring growth-oriented companies, recapitialization, buyouts and other financing deals.
The Canadian Pension Plan Investment Board, already one of the secondary market’s biggest buyers, has earmarked another $10 billion for the sector over the next five years on the heels of two recent and innovative transactions.
Philadelphia Energy Solutions Refining and Marketing LLC, the Carlyle Group and Sunoco Corp. joint venture running the massive 330,000-barrel-a-day refinery in Philadelphia, has proposed a $500 million senior secured term loan that sets the stage for the payment of a $200 million special dividend within 12 months of closing. The money is also earmarked for general corporate purposes.
White Deer Management LLC has completed a $1.4 billion fund, White Deer Energy LP II , as it seeks to tap into the U.S.’s energy boom.
Apollo Global Management LLC Chairman and CEO Leon Black drew a $75 million pay raise in 2012 to lift his total estimated compensation to approach the $200 million level of buyout salary king Stephen Schwarzman of Blackstone Group LP.
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