Steve Gelsi
Fundless sponsor New State Capital Partners has closed a deal to buy a majority stake in Central Conveyor Company, a designer and builder of customized material handling systems, for an undisclosed sum, according to a source.
Great Hill Partners has closed on nearly $955 million for its fifth private equity pool, capping off a busy 2014 for the Boston-based middle-market buyout and growth equity specialist.
Cressey & Company plans to keep its average deal size at about $50 million as it activates the newly raised $615 million Cressey & Company Fund V LP starting in 2015, even though the buyout pool collected much more than its predecessor.
Rubicon Technology Partners, co-led by Blackstone Group veteran John Hodge, has closed its first fund at $305 million, above its target, capping off a year-plus effort, according to a source.
A former J.P. Morgan investment banker with a specialty in major consumer brand franchising has launched Spinel Investment Company with a goal of $500 million for its debut fund, according to a person familiar with the firm.
Low oil prices are putting a damper on deal-making and capital-raising for sponsors in the energy patch, as greater supplies in world markets impact the business of discovering and extracting fossil fuel.
FFL completed its sale of TriTech Software Systems for an undisclosed sum to Insight Venture Partners and also announced two purchases in a busy November for the San Francisco-based middle-market buyout and growth equity firm.
Not every public pension fund struggles with pay. Some face staffing shortfalls. That’s one main challenge at the Oregon State Treasury, which is seeking legislation to update the leadership structure at the $70 billion retirement system. “I have no problem trying to retain staff … Oregon is a highly desirable place to live and we […]
Steve Schwarzman’s Blackstone and rivals are poised to post their best year for real estate fundraising since 2010.
Not every public pension fund struggles with pay. Some face staffing shortfalls.