Steve Gelsi
Bain Capital portfolio company reduces debt S&P upgrades corporate rating but outlook is negative Company’s debt-to-EBITDA ratio seen falling to about 7x Gymboree Corp, the kids’-clothes retailer backed by Bain Capital, drew an upgrade from Standard & Poor’s Global Ratings on moves to cut its debt load by $117 million this year through public and […]
Firm: Cerberus Capital Management Fund: Cerberus Institutional Partners VI LP Target: $3.5 bln Hard Cap: $4 bln Amount raised: Nearly $3 bln Placement Agents: Axius Partners Pty; Monument Group Cerberus Capital Management is nearing $3 billion for its flagship distressed debt and buyout pool, Cerberus Institutional Partners VI LP, after launching the effort in 2015, […]
OnePlus adds SmartBin’s recycling business Both companies provide remote monitoring systems ParkerGale acquired OnePlus late in 2015 ParkerGale bought SmartBin as an add-on to its OnePlus Corp platform, and while it didn’t disclose terms, the firm said it took steps to avoid overpaying at a time of high valuations. OnePlus helps garbage haulers save money […]
Industry looks to shed job killing image PEGCC revamps its name GPs play up hiring With election season ramping up this year, jobs remain a major issue from Washington to Wall Street. For its part, the private equity industry continues to work to repair its lingering image from the 2012 presidential campaign as destroyers of jobs. […]
Funds from CPG Carlyle, Altegris KKR grow larger Some have minimums of $25,000 Smaller institutional investors also taking part Partners Group Private Equity Fund topped $1.5 billion in assets under management in the past year as the largest in a growing class of funds reaching out to qualified individuals and smaller institutional LPs. After Partners […]
1 – You were named co-head of 3i’s North America team last year with Richard Relyea. Why the interest in our region from a U.K. firm with offices worldwide? We’ve had good returns here. We have good deal flow in the U.S. market. It’s becoming a larger and larger market for 3i. North America represents […]
Sponsored IPOs debut after rocky start to the year Deerfield Management’s AveXis up 72% Silver Lake-backed SecureWorks lags Buyout firms and investment bankers avoided initial public offerings during the rocky first weeks of 2016, but they’ve drawn healthy prices in the public markets after the window for stock-market debuts reopened this spring. With at least […]
Direct lending vehicles draw in $7.4 bln this year GSO, Athyrium raise big funds Oaktree Opportunities Fund hits $11 bln mark Babson Capital Management has drawn commitments from 20 LPs for its new $2 billion global private loan strategy, marking the latest in an active year for credit funds. All told, at least 21 private […]
S&P downgrades discount retailer Ares Management, CPPIB are backers Firm refinances $160 mln loan 99 Cents Only Stores, the discount retailer backed by Ares Management and Canada Pension Plan Investment Board, faces an unsustainable capital structure as competition in its California market from Aldi and Grocery Outlet eats into its business, according to recent […]
Shamrock raises $250 mln fund Crayhill backs bridge loan lender with $100 mln Deals meet demand for content Shamrock Capital and Crayhill Capital Management LP took part in separate capital raises valued at a combined $350 million to invest in intellectual capital from the entertainment sector, the firms said. The deals come amid rising demand for independent […]