Steve Gelsi

Q: Since Rotunda Capital is a fundless sponsor, how do you raise money for deals? A: We’ve developed a network of investors that we’ve had a relationship with. We have a good sense of which investor will like each deal and how much they’ll want to contribute. With each deal, we go to our investors […]

Landmark Partners Chairman Francisco Borges and President Timothy Haviland spoke to Buyouts about the fund. 

We read newspapers, shop and even date online. So it’s only natural that deal-making would follow. 

The practice of buying minority positions in private equity firms is picking up, with more deals expected on the horizon.

Resource Land Holdings plans to raise $300 million for its fifth buyout fund since the Denver-based firm launched in 1998 for opportunistic investments in agricultural, timber and mining properties in the U.S., according to a filing.

Hanson Building Products will increase its debt by $240 million for its acquisition of Cretex Concrete, a rapid add-on deal inked just a few months after Lone Star Funds purchased Hanson for up to $1.4 billion.

As big private equity firms such as Apollo Global Management, Blackstone Group, Carlyle Group and Kohlberg Kravis Roberts & Co reach out to individuals on a variety of platforms, buyout pros are spending more time analyzing how to explain and sell the asset class to a new set of investors.

With crude oil prices near their lowest level since the 2008 financial crisis, leveraged debt for energy companies tied to the value of assets in the ground is becoming harder to get, an executive in the high yield investment space said.

Ardian plans to hire up to 12 executives in France, Italy and Germany as it gears up for a fundraising push behind its new private equity real estate arm, a key executive said.

As a specialist in due diligence of target companies in sponsored M&A deals, Sylvie Gadant has seen her share of lofty valuations in the lower middle market.