Target I: Elite Racing Target II: La Jolla Holding Group LLC Target III: Competitor Publishing Prices: Undisclosed Sponsor: Falconhead Capital Financial Advisor: Elite Racing: RBC Daniels Legal Advisors: La Jolla: Allen Matkins; Elite Racing: Heller Ehrman; Competitor Publishing: DLA Piper; Falconhead Capital: Kirkland & Ellis Falconhead Capital is bringing an old business model into a […]
The $247 billion California Public Employees’ Retirement System agreed in December to increase its target allocation to private equity to 10 percent from 6 percent, or from $14.8 billion to $24.7 billion. Great news, but who will benefit? CalPERS isn’t saying just yet, but David Fann, president and CEO of PCG Asset Management LLC, a […]
Adams Street Partners to first-time managers and mega-fund managers: don’t call us, we’ll call you. That seems to be the message from the Chicago-based funds-of-funds manager. Having wrapped up its Global Offering Program at $2.1 billion, and Global Opportunities Portfolio at $390 million in December, the firm is starting to hint at where those funds […]
Target: Lund International Price: Undisclosed Seller: Harvest Partners Buyer: Linsalata Capital Partners and Resilience Capital Partners Financial Advisor: Seller: Alvarez & Marsal Through a renewed focus on product development, LBO firms Linsalata Capital Partners and Resilience Capital Partners expect to generate better returns for Lund International than were achieved by its previous owner, buyout shop […]
Mid-market buyout firms are poised to collect more money than ever from limited partners, but not every general partnership will share in the bounty.
With the $100 million close of its second fund, Mainsail Partners will expand its aggressive approach to sourcing lower middle-market deals. The strategy of San Francisco-based firm is “to take the original Summit Partners cold-call model and apply it to the low end of the market,” said Jason Payne, who founded Mainsail with Gavin Turner. […]
Fund-of-funds and secondaries firm AlpInvest Partners has recruited Chris Perriello and Michael Hacker to its New York office. They will both take up positions in the secondary investments team. Perriello joined as a principal. Previously, he was a principal on the primary fund investment team of Paul Capital Partners, and prior to that he worked […]
Swiss GPS specialist is first European semiconductor IPO since 2004
TA Associates buys M and M Direct
French supermarket giant Carrefour buys Romanian business for €55m