Steve Gelsi
Apollo Global Management LP said Apollo Investment Fund VIII ended the first half of 2014 about 15 percent deployed via six acquisitions at relatively low purchase price multiples for the blockbuster, $18.4 billion fund, executives at the New York firm said on their quarterly conference call with Wall Street investors.
1 You have been involved in the private equity industry for more than 30 years now, including your current firm, Pantheon, as well as Elevation Partners and Merrill Lynch Private Equity Funds Group. What is the most interesting current development from your perspective?
Goldman Sachs Group Inc revealed at least $2.6 billion in commitments to GS Mezzanine Partners VI LP, the marquee merchant bank’s first major private equity fund since 2007, as it builds out its dominant franchise in mezzanine investing.
Oaktree Capital Group said it held its only fund close during the second quarter for Oaktree Enhanced Income Fund II LP, with the senior loan investment pool expected to reach $2.2 billion, including leverage.
The Carlyle Group said its Carlyle Europe Partners III fund appreciated 47 percent in the past year, while it revealed plans to close its fourth Asia fund and its first Carlyle International Energy fund in the third quarter, according to the latest financial update from the firm.
Tribeca Oven CEO Marc Essenfeld said the rapidly growing artisan bread maker seriously considered a private equity buyer when it moved to sell itself, but the New Jersey-based company went with a strategic buyer instead.
GE Antares has beefed up its lower mid-market lending team with four senior executives added in the past year, as it takes aim at a growing pipeline of senior debt deals, an executive told Buyouts.
Trilantic Capital Partners filed a Form D for a new European pool while tapping into its recently launched energy fund for a fresh joint venture with family-owned Ward Petroleum Corp, in a busy summer for the New York firm.
The first half of 2014 marked richer buyout valuations across the board, with purchase price multiples of sponsored deals hitting about 10x EBITDA, on average, by late June.
Kohlberg Kravis Roberts & Co said it expects to hold a first closing for it new multi-billion-dollar European fund by early 2015 and touted early returns from its real estate fund.