Steve Gelsi
1. What are you seeing in the market in terms of deal flow and terms, including the senior debt space? We’ve been investing on the mezzanine side with our private equity partners for more than 20 years, throughout various market cycles. We’ve built upon that strong background and in the last several years we’ve expanded our […]
Founded in Australia in 2005 as a provider of data rooms designed for the document-heavy M&A due diligence process, ansarada is making a global push to win new clients in the United States and Europe. Larry Fontillas, managing director for the Americas, said the company opened offices around the world partly to fulfill its policy of an […]
Firm: Ridgemont Equity Partners Fund: Ridgemont Equity Partners II Target: $900 mln Amount raised: $995 mln Placement Agent: Brooklands Capital Strategies Ridgemont Equity Partners, a middle-market buyout shop, drew in $995 million for its second buyout fund, beating its target by $95 million. The firm launched its fundraising in March, held a first close on $750 […]
Tim Day was co-head of buyouts Buyouts co-head Alex Krueger promoted to co-CEO earlier this year Series of personnel changes at the firm Tim Day, managing director and co-head of buyouts at First Reserve Corp, left the firm on October 31 as part of a series of personnel changes at the energy and infrastructure specialist, according […]
New Flyer Industries to pay $480 mln for MCI KPS purchased bus maker in 2010 Company was losing money at the time KPS Capital Partners is set to earn a 3x return on its pending $480 million sale of Motor Coach Industries (MCI) to New Flyer Industries Inc, according to a source. During its roughly five-year ownership […]
Tranaction to create AR Global gets scrapped Firm would have double real estate AUM to $27 bln Firms mum on why deal went sour Apollo Global Management’s ambition to beef up its real estate assets under management from the current level of roughly $15 billion remains alive despite scrapping a plan to launch AR Global Investments, according […]
Firm: Falcon Investment Advisors Fund: Falcon Strategic Partners V LP Target: $1.25 billion Placement Agent: Atlantic-Pacific Capital Falcon Investment Advisors plans to top the $1 billion mark with its fifth flagship fund, as the middle-market credit specialist hits the capital-raising trail for Fund V, according to a filing. Led by veterans from Hancock Life Insurance […]
The vintage 2010 Energy Capital Partners II-A LP, the sophomore fund from Energy Capital Partners (ECP), rang up an IRR of 21.9 percent as of December 31, 2014, for the Los Angeles City Employees’ Retirement System. That’s just above the top-quartile threshold of 21.4 percent and the median of 12.7 percent, based on a review of […]
Supermarket chain hit by Whole Foods competition Company seeks capital infusion Sterling Investment Partners owns minority position With negative comparable store sales and weaker-than-expected performance, Fairway Group Holdings Corp is exploring alternatives to raise additional capital as it struggles under $315 million in debt, according to filings and analyst notes. Sterling Investment Partners, a middle-market […]
While the Global Financial Crisis marked a period of change in the private equity industry, a recent study suggests evolution will accelerate in coming years. In response to changing demand, firms will be forced to restructure business models and approaches, according to the 44-page study, produced by London Business School’s Coller Institute of Private Equity with support from […]