Steve Gelsi
Frozen food company sold for $1.08 bln Thailand’s Charoen Pokphand Foods outbids rivals for Bellisio Centre Partners bought company in 2011 Centre Partners Management is making more than 6x its invested capital in the pending sale of Bellisio Foods Inc for $1.08 billion, a person familiar with the deal said. The New York firm drew interest […]
Lone Star Fund X draws in $5.6 bln Lone Star Real Estate Fund V gets $5.8 bln Lone Star Fund IX raised $7.2 bln in 2014 Lone Star Funds cleared $11 billion in fresh capital raised this year, surpassing the $7.2 billion it raised in 2015. The Dallas private investor in real estate, equity and credit […]
Execs at firm say path forward is unknown Riverside Co nevertheless is picking up its pace of deals Basic tax law groups carried interest under capital gains umbrella While officials at Riverside Co said the regulatory and tax landscape remains uncharted under President-elect Donald Trump, they argued that carried interest should continue to be taxed […]
Florida firm invested in company in 2011 FFL working with Navex Global exec on deal Brockway Moran down to four platforms after deal closes Brockway Moran & Partners expects to generate more than an 8x return on its pending sale of Crisis Prevention Institute to FFL Partners, according to a source familiar with the firm. A spokesman […]
$700 mln debut fund was raised in 2013 Firm has invested in 12 companies Peak Rock mum on any Fund II plans Peak Rock Capital recently sold Koroseal Interior Products to a unit of Sangetsu as the third exit out of 12 platform investments from its 2013 debut fund. The middle-market debt and equity investor was founded […]
KKR and its affiliates contribute $156.3 mln Firm determined to eat its own cooking Exec sees PE as good use of balance sheet Kohlberg Kravis Roberts held fast to its plan to invest in its own funds by committing $156.3 million of a total of $688 million raised thus far for its KKR Next […]
Firm invested in heavy industries but not in energy Tudor Pickering Holt: investment banking, brokerage sales Combined firm: $12 bln assets, 650 employees Perella Weinberg Partners agreed to buy energy banker Tudor Pickering Holt, paving the way for more deal-making in the oil and gas sectors for the New York firm. While the deal promises […]
Firm: Asana Partners Fund: Asana Partners Fund I Target: $500 mln Amount Raised: $280.8 mln Placement Agent: Hodes Weill Securities Asana Partners drew in $280.8 million toward a target of $500 million for its debut private equity fund targeting retail properties in urban areas, with support from Ohio Police & Fire Pension Fund and Los Angeles […]
High prices reduce the margin for error on deals The well of great companies to buy has been greatly tapped Most GPs have sold their best companies in last two years Andrew Brickman, a partner at Baird Capital, said he’s seeing purchase price multiples in the middle market industrial space often around 10x EBITDA. Years ago, […]
Jay Bhatt joins Boston firm as managing director Working on THL’s Media, Information Services & Technology Group Bhatt was exec at two Providence Equity Partners portfolio companies TH Lee’s recent hiring of the ex-CEO of Blackboard Inc reflects the Boston firm’s commitment to focus on technology and software deals, according to a person familiar with […]