Five deals of $5 bln or more close in Q1 Highest dollar volume since Q3, 2008 Sponsors close fewer deals overall Megadeals in the relatively strong sectors of consumer products, technology and real estate stood out in the first quarter for sponsored M&A, with five transactions breaking the $5 billion mark. But in the face […]
Restaurant chain backed by Kelso & Co delays financial disclosure S&P cites declining foot traffic, eyes possible default Company’s revenue falls, loss widens Logan’s Roadhouse Inc may default on payments for its $366 million debt as the restaurant chain backed by Kelso & Co faces a drop in foot traffic, lower revenue and wider losses, according […]
Firm: GoldPoint Partners Fund: GoldPoint Mezzanine Partners IV LP Amount Raised: $699 mln GoldPoint Partners disclosed $699 million in commitments for Goldpoint Mezzanine Partners IV, after the firm hired two key executives and wrapped up a co-investment fund last year. The effort by GoldPoint comes during a thin year for mezzanine fundraising. All told, $215 million […]
Florida firm sells oil-change retailer for undisclosed sum Trivest bought company from founder in 2011 Take 5 Oil Change bought by Driven Brands Trivest Partners made a 10x cash-on-cash return with its sale of Take 5 Oil Change Inc to a Roark Capital portfolio company as one of the best-performers in the 35-year history of […]
Firm: KRG Capital Fund: KRG Capital Fund V LP Target: $500 mln Amount raised: $148.4 mln Placement Agent: Credit Suisse KRG Capital said it raised $148.4 million, 30% of its target of $500 million, for its fifth buyout fund, which came as it raised additional capital from LPs last year for its 2007 predecessor fund. […]
Three deals with combined $9.5 bln value Apollo has averaged 6x EBITDA for buyouts in Fund VIII Beaten-up stocks provide an entry point Apollo Global Management kicked off 2016 by paying subdued purchase-price multiples well within the single digits for three take-privates, despite frothier prices in the broader buyout industry. Apollo founder Leon Black has already […]
Hycroft, a three-year-old New York investment bank serving both general partners and limited partners, has splashed into the principal investment business, launching a fund earmarked to purchase minority stakes in the management companies of mid-market buyout shops. Hycroft Capital LP set sail with a $750 million target in January, according to a source familiar with the fund. The effort is still […]
New York lawmakers target carried interest California lawmakers consider mandatory disclosure of fees Activists target multi-state approach to regulate PE industry Regulation of the private equity industry is turning into a local fight. In recent weeks, state lawmakers in California and New York drafted bills to address fee transparency and the tax treatment of carried interest. […]
Our Deal of the Year winner this year is a bakery that started out as a regional operation in Chicago, and under the guidance of its private equity owners, expanded its customer base to include WalMart Stores Inc and Burger King Corp. This is the kind of story we love to hear about when judging Deal […]
Scott Ross holds first close for debut fund Worked at Apollo, Goldman Sachs Firm to invest in common stock; private companies Ex-Apollo Global Management partner Scott Ross held a first close on his debut fund, which invests in public equities as well as privately held companies, according to people familiar with the New York firm, Hill Path Capital. […]