Steve Gelsi
Technology, media and telecom sector remains active Fintech banker bullish as pipeline increases Consumer GP talks up value-oriented companies With the fourth quarter now well underway, it’s easy to spot a pronounced trend in the active world of sponsor-led mergers and acquisitions, based on recent history. Of the 10 largest third-quarter private equity deals, seven were in […]
U.S. sponsors turn to take-private deals Some stocks slower to bounce back from volatility Middle-market firms take part While take-privates remain relatively rare among buyouts, the practice of acquiring a publicly traded company for a premium over its trading price seems to have gotten more popular during a choppier time in financial markets in 2016. […]
What’s your outlook for healthcare deal-making in PE as the U.S. elections approach? Much of the risk of the election is already priced into the market. In our corner of the healthcare arena (commercial-stage companies that may not yet be cash-flow positive), comments made around drug prices have already made headlines and impacted valuations for companies […]
Firm closed Fund I in 2014 with $305 mln Former execs at Blackstone, Court Square, Ventyx lead firm Rubicon made deal announcement in December Rubicon Technology Partners is raising its sophomore private equity fund with a target of about $500 million, two years after veterans at the firm from Blackstone Group and Court Square Capital […]
New PE credit and fund restructuring unit launches Macquarie exec joins Crestline At least one other firm has also launched in the space Crestline Investors hired an executive from Macquarie Asset Management to help launch a lending business aimed at middle-market GPs with aging private equity funds that need additional capital to groom their remaining […]
Denmark firm purchased Car-O-Liner in 2012 Deal marks sixth exit since spring Three of six deals returned 4x or better Car-O-Liner, a specialist in collision-repair equipment, generated a roughly 4x return in four years for Polaris Private Equity on its sale to Snap-On for $155 million, according to a source familiar with the Danish firm. The […]
M.D. Sass, Macquarie back firm Firm targets $750 mln for Amerra Agri Offshore Fund Amerra’s founders remain at the helm Amerra Capital Management LLC said it drew $180 million in commitments for its two most recent private equity funds investing in the agriculture sector. They’re part of a total of $1.25 billion in disclosed capital […]
Peter Landauer worked at University of Florida Investment Jeffrey Moy joins from Central Park Group Team at Harken Capital grows to six from four Harken Capital Securities hired two managing directors to help expand its efforts as a placement agent for lower-middle-market firms as well as secondary and restructuring transactions. Don Nelson, co-founder and managing director […]
Predecessor funds raised $2 bln in 2013 and $1.7 bln in 2008 New York firm may soon close NB Secondary Opportunities Fund IV LP Target of new fund unclear Neuberger Berman is close to wrapping up fundraising for its fourth secondary fund, about three years after its predecessor drew in $2 billion, sources said. While […]
Firm founded in 2015 by Carlyle Group veteran Alan Goldfarb Orangewood invests without a traditional private equity fund Teams up with high powered execs to find and run companies Orangewood Partners purchased George Industries LLC, the Endicott, New York, maker of engineered components, in its third platform deal as a private holding company that invests without a […]