Steve Gelsi
As a long-time investment banker, Brennan Libbey specializes in matching deals and private equity firms. He’s working on those connecting skills in the Los Angeles market, where he opened an office for global investment bank Livingstone earlier this year. He also leads the firm’s U.S. business services group. Libbey joined Livingstone in February to build up the firm’s […]
Blackstone leads pack with $6.7 bln deployed Oaktree trades in and out of distressed debt KKR investments jump 47 pct The five largest publicly traded private equity firms in the U.S. plowed nearly $17 billion into various investments in the first quarter, despite rocky financial markets. Apollo Global Management, Blackstone Group, Carlyle Group, Kohlberg Kravis Roberts […]
New York firm invested in Georgia bank in 2011 Corsair anchored $380 mln recapitalization of bank Firm completed exit in $144 mln stock sale on May 2 Corsair Capital generated a 2.1x return in five years on its investment in United Community Banks Inc after taking a stake in what is now the third […]
Firm raises 700 mln Euros for Danske PEP VI Fund VI gets first North American LPs Exec sees two-year deployment instead of three Danske Private Equity expects to deploy its recently closed PEP VI fund-of-funds in two years instead of three in the face of ample investment opportunities, an executive at the firm said. […]
Sells German auto parts maker for about $563 mln, including debt Japan’s Musashi Seimitsu buys Hay Group Gores Group purchased portfolio company in 2012 Gores Group stands to make a return of about 3x in four years on the pending exit of Hay Group to Musashi Seimitsu Industry Co, a deal that values the German auto […]
Firm manages 11 portfolio investments GP sees opportunity in health care data streams Firm has invested its own capital in deals Skyway Capital Partners, a lower-middle-market buyout firm with 11 portfolio investments, ranks healthcare as a key focus of its hunt for companies posting Ebitda of $1 million to $7 million. Bryan Crino, president of […]
Firm closes Fund VII at $10.5 bln hard cap Six Fund VII deals average $350 mln each Exec mum on any IPO plans TPG executive Todd Sisitsky said the buyout firm’s $10.5 billion TPG Partners VII fund will be “agnostic” on deal size after closing six platform acquisitions from the fund at an average equity investment of […]
Buyout loans more easily available after Q1 shutdown: Apollo’s Harris High-yield market more robust LBOs above $5 bln to be rare due to bridge-loan challenges Loan markets for buyouts have generally snapped back in the past couple of months, but LBOs of more than $5 billion will be rare because of challenges in the bridge-loan market, […]
Fund VIII deployment ahead of schedule New Special Situations fund Firm markets Apollo European Finance Fund III Apollo Global Management’s $18.4 billion Apollo Investment Management Fund VIII is about 50 percent deployed and will soon start generating carried interest. Josh Harris, senior managing director and co-founder of the firm, said on May 5 that Apollo is […]
Deal would be one of largest in 2016 Seller is Starr Investment Holdings Maurice Greenberg’s Starr bought company in 2014 Hellman & Friedman is in advanced talks to buy MultiPlan Inc for $7.5 billion, including debt, after a two-year hold by Starr Investment Holdings LLC, according to a report by The Wall Street Journal. Starr is the […]