Steve Gelsi
Highway paint maker sold for less than 10x EBITDA CenterOak exec managed investment for Brazos CenterOak debut fund reached $400 mln Brazos Private Equity Partners earned a 2.8x return on the sale of highway-paint specialist Ennis-Flint for about $1 billion to Olympus Partners, according to a source. Olympus paid less than 10x EBITDA for Ennis, […]
Coller Barometer: greater LP concern about GPs vying for deals Higher levels of shadow capital may worsen pricing LP interest in PE still remains strong With purchase-price multiples often cracking the double-digit EBITDA range, a higher percentage of limited partners characterize the investment climate as challenging for private equity as an asset class nowadays, according […]
Worked on Latin America for much of the past nine years Kuczynski left firm last year Exec joined New York firm in 2007 Pedro Pablo Kuczynski, an economist who joined Rohatyn Group as senior adviser in 2007, became president-elect of Peru in a close election. For much of the past nine years, Kuczynski, 77, worked […]
Coller Barometer: greater LP concern about GPs vying for deals Higher levels of shadow capital may worsen pricing LP interest in PE still remains strong With purchase-price multiples often cracking the double-digit EBITDA range, a higher percentage of limited partners characterize the investment climate as challenging for private equity as an asset class nowadays, according […]
Palladium Equity Partners, the New York firm founded in 1997 by Marcos Rodriguez, rang up an IRR of 20.4 percent for New York City Public Employees’ Retirement System as of Dec 31, 2014, according to the pension fund. That’s ahead of the top quartile threshold of 11.7 percent and the median of 8 percent for […]
PwC survey of 150 LPs reveals passion for IPO research LPs step up pre-IPO meetings with companies Company executives need realistic list of comparable businesses A majority of institutional investors are seeking more direct information about companies planning to issue common stock. To do this, portfolio companies and other private businesses that are considering going […]
Year Founded: 1992 Investment Strategy: Distressed debt investing, buyouts Key Executives: Stephen A. Feinberg, co-founder and CEO; William Richter, co-founder and director, Mark Neporent, COO, general counsel and senior managing director Office locations: New York City, with offices in Chicago, Los Angeles, London, Baarn, Frankfurt, Belfast, Madrid, Dublin, Madrid, Beijing, Tokyo AUM: $30.8 bln as […]
Lighting company marks flurry of deals for NYC firm Sentinel aims for four to six deals a year New York GP typically pays at least $40 mln in equity for a deal Sentinel Capital Partners said it recapitalized Luminaires Group, a manufacturer of lighting fixtures, marking the sixth acquisition in the past year for the New York […]
Firm takes aim at $900 mln-$1 bln equity checks LA-based GP adds mostly overseas LPs ExamWorks take-private seen as deal template Leonard Green & Partners’ quickly raised $9.6 billion Green Equity Investors VII LP fund will have more range to pursue larger deals, according to a source. Instead of doing more deals of the same size […]
Ex-StepStone exec James Gamett launches firm Sweetwater focuses on health care, mortgage markets Gamett offers operating-company experience Sweetwater Capital, a new private equity firm aimed at the secondary market, sees its role as a separate-account manager that’s able to coach clients on managing individual companies languishing in GP and LP portfolios, according to the firm’s founder. […]