HgCapital has sold the Sanctuary Spa Group to PZ Cussons, the consumer products group and maker of Imperial Leather and Carex soap, for £75m.
The California Public Employees’ Retirement System this month sold stakes in roughly 60 private equity funds, mainly mid-market buyout funds, whose average age—eight years—put them in the pension fund’s “mature” category. And more CalPERS-owned stakes may be coming onto the market as the pension fund turns more attention to backing new firms. The sell-off by […]
CalPERS sells stake for between $1B and $1.5B to a syndicate of five firms The California Public Employees’ Retirement System earlier this month sold stakes in roughly 60 private equity funds, mainly mid-market buyout funds, whose average age—eight years—put them in the pension fund’s “mature” category. And more CalPERS-owned stakes may be coming onto the […]
Name: Charles Spiller Organization: Pennsylvania Public School Employees’ Retirement System Title: Director, Private Markets Last Book Read: “Protect and Defend,” by Vince Flynn Hometown: Brockton, Mass. Residence: Elizabethtown, Pa. Education: Bachelor’s degree in accounting, College of Business Administration, Northeastern University The Pennsylvania Public School Employees’ Retirement System, known for an especially transparent style of investing, […]
Target: prAna Price: $36.5 million Sponsor: Steelpoint Capital Partners Seller: Liz Clairborne Inc. Financial Adviser: Seller: Centerview Partners LLC Legal Adviser: Sponsor: Cooley Godward Kronish LLP; Seller: Kramer, Levin, Naftalis & Frankel LLP Steelpoint Capital Partners dug deep into its pockets earlier this month to acquire prAna, the Vista, Calif.-based maker of yoga and outdoor […]
Hamilton Lane has received a big endorsement from Japan’s largest private-sector pension fund manager. Last week, the 40-year-old Pension Fund Association, which manages roughly $110 billion in assets, revealed that it has hired the Bala Cynwyd, Penn.-based investment advisor to help shape its growing private equity portfolio. Hamilton Lane’s assignment will be to work closely […]
Target: Kurt Versen Price: $100 million Seller: Audax Group Sponsor: Hubbell Inc. Return Multiple: 3x After watching other lucrative exits take place in the same sector, Audax Group cashed out of niche lighting company Kurt Versen Co. recently after boosting revenue over its 32-month investment period. The Boston and New York-based shop earned 3x its […]
Platina Finance, an Anglo-French private equity house, has sold two windfarm companies in a double exit for the firm’s Mistral Windfarm I fund. The companies – Mistral en Beauce and Ferme Eolienne La Remise des Bruyeres – own windfarms in Louville-la-Chenard in France which generate a combined capacity of 36MW. They are being acquired by […]
Nomura Private Equity, the buyout arm of the Asian bank, has acquired Medico-Legal Reporting, a UK business that provide injury claimants with the medical evidence necessary to support their claims, from 3i for an undisclosed amount. 3i acquired the Reading based company in 2001. Nomura plans to merge it with Premier Medical, in which it […]