Steve Gelsi
Public SaaS companies valued at about 6x revenue Private SaaS companies valued at 4x revenue Less frothy valuations boost pipeline for lender With plans aired this past week by TPG Capital to buy a majority stake in Intel Corp’s computer-security business, McAfee, for $3.1 billion and Silver Lake-backed Dell Inc closing its $60 billion take-private of […]
Compass Diversified near $1 bln in market cap Big GPs offering longer-life funds Mid-market firms mostly offering traditional funds Kattegat Trust, a charitable vehicle set up by Teekay Shipping Corp magnate J. Torben Karlshoej, was looking to diversify its portfolio beyond its core shipping holdings. The trust sought exposure to asset classes like private equity […]
The vintage 2007 Blackstone Real Estate Partners VI (BREP VI) drew in $10.9 bln when it wrapped up in early 2008. The fund turned in a net IRR of 14.2 pct, as of September 2014. A 2015 analysis of public pension fund data by Buyouts showed a top-quartile IRR threshold of about 9.2 percent and […]
As co-head of Bain’s tech, media and telecom unit for North America, give us some color on the $4.7 billion sale of cybersecurity firm Blue Coat to Symantec? We purchased Blue Coat in early 2015 for $2.4 billion, including debt and equity. We sold it for about twice the price that we paid, but we had the […]
Baird Capital eyes autism-treatment, substance-abuse deals Executive touts ‘thesis-driven’ approach Firm expects fresh acquisitions within the next year Baird Capital, the private equity arm of Robert W. Baird & Co, sees a stronger pipeline of potential deals in the healthcare sector as the firm focuses on specific niche businesses, an executive at the firm said. […]
Firm invests in classic car retailer, restorer Italian firm Charme leads capital infusion into U.K. company New York firm launched by exec from Christie’s DeCar Partners inked its first announced deal with a minority investment in rare-car restorer JD Classics as part of its emphasis on companies in fine art, vintage luxury and collectibles. Eric […]
Daniel Crowley named executive chairman in July New Mountain invested in the company in 2012 Moody’s hikes view of oral health care provider Premier Dental Services Inc has gained traction despite lower healthcare reimbursements after the New-Mountain-backed company brought in a new executive over the summer, Moody’s Investors Service said. The debt-research firm recently upgraded […]
Neo Peformance Materials emerges from Molycorp bankruptcy Three Oaktree named to board of new company Distress debt firm provided $130 mln in financing to company in 2015 Oaktree Capital Management has emerged with a controlling stake in Neo Performance Materials, the successor that resulted from the bankruptcy of Molycorp Inc, a once high-flying mining company […]
IFM hires executive from Latam Airlines North American infrastructure team works out of NYC Firm named senior adviser in infrastructure in January IFM Investors hired an executive from the airline sector for its North American infrastructure team, which manages about $24 billion for the Australian fund manager. Sebastian Domenech was named director of asset management at […]
Firm ups Lone Star Fund X target by $1 bln Predecessor fund has made 26 investments Distressed asset specialist raised $7.4 bln for Fund IX Lone Star Funds, the distressed asset specialist, upped its target for its latest flagship pool by $1 billion, with $6 billion now intended for Lone Star Fund X, according to […]