Steve Gelsi
Vista Equity Partners has raised at least $119 million for Vista Credit Opportunities Fund I, a private equity pool set up to invest in debt issued by software, data and technology-focused businesses, in an effort that began at least a year ago, according to filings.
Owner Resource Group has placed KMCO on the selling block in a deal that may value the Texas-based chemical firm at up to $360 million, according to three sources.
H.I.G. Capital is nearing final negotiations to buy the Polymer Additives unit of Ferro Corp in a deal expected to fetch up to about $200 million, according to two sources.
Carlyle Group’s intial public offering of Axalta Coating Systems Ltd has generated a 3.4x return on the firm’s $1.36 billion equity investment in the auto paint specialist.
Siris Capital appears to be betting on a continued turnaround at Digital River Inc with a lofty purchase price multiple of about 30x EBITDA for the take-private deal of the e-commerce service provider.
Kohlberg Kravis Roberts & Co has raised $1.9 billion in commitments for its second infrastructure fund, nearly doubling the size of its predecessor, against a hard cap of $2.75 billion, according to a source familiar with the firm.
Pantheon Ventures now counts about $4 billion in assets under management for investments in Asia and other emerging markets, said a source familiar with the firm.
Specialty finance company NewStar Financial has inked a deal to ramp up activity in lower middle-market lending through an injection of $300 million in capital from business development company manager Franklin Square.
HGGC’s purchase of data research company Survey Sampling International marks its fourth platform acquisition this year.
With interest rates low, equity prices near all-time highs, and deal-making frothy across many sectors, distressed debt and turnaround specialist WL Ross & Co has a host of challenges plying its trade.