Steve Gelsi
Firm names Rich Iorio as its first chief talent officer Jeff Browning tapped as principal of Leaders Strategy Recruiting GTCR continues to recruit up to eight people a year Dear hipsters, GTCR wants you. The firm hired its first chief talent officer to help recruit millennials for up to eight associate-level openings a year, according to a […]
Was managing director at Cheyenne Capital Joined firm in 2013 from TorreyCove Worked at Thoma Cressey Bravo, other firms Kenn Lee has left Cheyenne Capital, according to two sources. Lee, who worked as managing director at the Denver private equity firm since April 2013, no longer appears on its website. A woman who answered […]
Debt market shifts away from risker issues Carlyle Groups Veritas debt deal postponed Middle-market loans faring well While some debt deals for big LBOs hit rougher market conditions this fall, demand for middle market loans remains healthy, according to a participant in leveraged loans. Thomas Aronson, managing director and principal of Monroe Capital, said his […]
Plans to hire 25-plus credit pros in NY, London, Montreal Wants to deploy $4 bln over next three years Won’t originate loans Public Sector Pension Investment Board’s new credit chief, David Scudellari, plans to hire more than 25 experienced credit pros in New York, London and Montreal to deploy roughly $4 billion over the next three years as […]
Kelso & Co buys Risk Strategies from Kohlberg & Co Apax buys AssuredPartners from GTCR Deal maker see possibility for IPOs or strategic sales With at least two insurance brokerage platforms changing hands so far in the second half of 2015, private equity firms set the stage for continued consolidation with the possibility of big […]
KKR-backed First Data holds steady despite rocky IPO market Cerberus pulls Albertsons IPO in face of volatility Strategics dominate M&A Two substantial initial public offerings loomed in the world of sponsored IPOs this fall, with Kohlberg Kravis Roberts & Co floating $2.6 billion in common stock for First Data Corp and Cerberus Capital Management withdrawing its […]
Firm buys Mikawaya, Covercraft, Better Life Technology Guy Zaczepinski promoted to managing partner Some LPs exited Fund II last year in secondary deal Century Park Capital Partners is talking to LPs about launching its third middle-market buyout fund on the heels of four quick acquisitions and last year’s recapitalization of Fund II, according to a market […]
Firm targets returns of 20 percent-plus Goldman balance sheet for PE tops $20 bln Firm raising $3 billion infrastructure fund Goldman Sachs deployed a fundless model with capital from its hefty balance sheet, a debt contribution and co-investors in its deal to buy GCA Services Group from Blackstone Group, according to a source. The firm […]
Firm: Audax Group Fund: Audax Private Equity Fund V Target: $1.75 bln Amount raised: $2.25 bln Audax Group wrapped up fundraising for its fifth private equity fund with $2.25 billion in commitments, above its target, as the Boston-based buyout shop founded in 1999 continued a brisk pace of deal-making. Fund V drew in $1 billion more […]
Firm makes higher bid for casino operator Affinity Gaming carries 7x EBITDA in debt Z Capital already owns stake in company Z Capital on November 16 bid $13 a share to take a majority position in Affinity Gaming in a deal that values the privately-held casino operator at $700 million, according to a filing and a […]