Steve Gelsi

Long-time mergers and acquisitions lawyer David Barkus has seen a surge in demand for a certain type of insurance that proivdes dealmakers coverage in case of a breach of contract.

When KPS Capital Partners looked at a potential buyout of Waupaca Foundry in 2011, the U.S. automotive sector remained in the early stages of a recovery and credit availability on such deals was constrained.

It’s pretty rare for any private equity firm to take a company private nowadays because of lofty stock market prices and competition from cash-laden strategic buyers.

HGGC held a final close on $1.33 billion on March 4 for its second fund. Steve Gelsi asked HGGC CEO Rich Lawson five questions.

Adopted by U.S. regulators, the Basel III banking standards now being absorbed into the lending system may further the push of financing for private equity deals into the shadow realm of non-bank lenders.

The Vistria Group, co-founded by Marty Nesbitt, a longtime friend of President Barack Obama, has drawn commitments in the high $200 million range toward a $350 million goal, according to a source.

Pantheon Ventures has closed its second global infrastructure fund with $1 billion, including a mix of fund and separate account commitments, beating its $500 million target.

HGGC and Charlesbank Capital Partners are selling Citadel Plastics Holdings Inc to strategic buyer A. Schulman for $800 million, after increasing EBITDA at the plastics and composite compound maker by 67 percent in about three years.

Debt analysts at Fitch Ratings said business development companies trading below their net asset values may face challenges, but the group’s long-term prospects remain robust.

Senior debt holders have agreed to give Kainos Capital-backed Milk Specialties Co more time to wrap up an accounting probe that caused the company to delay filing its financial statements, which is a potential debt covenant breach.