Steve Gelsi
Harris Williams running the process Highway paint specialist could be valued at about $800 mln Company didn’t find a buyer in 2013 Brazos Private Equity Partners is selling Ennis-Flint in a transaction expected to value the Thomasville, North Carolina, manufacturer and supplier of pavement-marking materials at as much as $855 million, according to sources familiar […]
New York-based firm raising credit fund Firm founded in 2009 by Carlyle, Blackstone execs Sound Harbor lends $10 mln to $50 mln EBITDA companies Sound Harbor Partners, the New York credit specialist founded by a former Carlyle Group executive, plans to raise $350 million for its second credit fund, according to a source. The firm […]
Firm raises $2.2 bln in Q1, expects $15 bln in 2016 Holds final close on power fund; secondary fund Carlyle Strategic Partners IV currently fundraising Carlyle Group drew in $2.2 billion in commitments across its platforms in the first quarter, helping the firm reach final closes of $1.5 billion on Carlyle Power Partners II and $550 million […]
Total doesn’t include money from insiders KKR Lending Partners Europe holds $850 mln final close Choppy markets hit quarterly results Kohlberg Kravis Roberts & Co expects to hit its $12 billion cap for its flagship North America Fund XII, not including GP and employee commitments, as the firm continued drawing in fresh capital during the first […]
Firm: Calera Capital Fund: Calera Capital Fund V LP Amount raised: $262 mln Placement Agents: UBS Securities LLC, Mercury Capital Advisors Middle-market specialist Calera Capital Partners said it drew in $261.9 million from 30 LPs for its fifth buyout fund after announcing its first deal from the pool last year, according to a filing. How […]
FTC clears investment by KKR KKR, Marvell stay quiet KKR initially invested in Marvell in 2014 Kohlberg Kravis Roberts received approval from regulators to increase its stake in Marvell Technology at a time when the chipmaker is searching for a new chief executive and facing pressure from an activist investor. The Federal Trade Commission cleared the transaction, according to an […]
Better conditions for private lending cited Firm hires executive for GSO Blackstone sees more demand for separate accounts Blackstone Group said it drew in $17 billion across its private equity, real estate, hedge fund and credit strategies in the first quarter, with the expectation that its third mezzanine fund will close later this year with […]
Firm: Greenspring Associates Fund: Greenspring Secondaries Fund II Target: $200 mln Amount Raised: $187 mln Placement Agents: Pinnacle Trust, Diversus Investment Advisers, Pinnacle Trust, VCP Advisors Greenspring Associates doubled the target on its next secondary fund to $200 million and has raised more than $187 million thus far for the pool, according to filings. While Greenspring runs a fund-of-funds business […]
Chemical firm controlled by Chicago-based Wind Point Partners Vertellus debt-to-Ebitda multiple at about 9.1x Moody’s cuts corporate family rating to Ca Vertellus Specialities Inc, a chemical company controlled by Chicago-based Wind Point Partners, missed an interest payment in the face of weakness in its agricultural and nutrition business, prompting two fresh downgrades from credit-rating firms as it […]
Loans to GPs increase Tim Geithner loan sheds light on the practice Changing tax treatment on fee waivers to stoke interest With former Treasury Secretary Timothy Geithner now counted as a participant, the practice of general partners borrowing money to invest in their own private-equity funds is expected to increase, according to players in the space. […]