Amanda Janis

VenCom makes 9x return on LED company

Chicago-based investment firm VenCom has sold lighting company IO to Cooper Industries, a US manufacturer, for $16.5 million, netting the firm a nine times on its original investment.

KKR says IPO still on track(2)

KKR has refuted a UK media report that the buyout firm has postponed its planned $1.25 billion IPO on the New York Stock Exchange.

Apollo in $1bn cruise deal(3)

Apollo has waded further into the leisure cruising industry with a deal to invest $1 billion in Miami-based Norwegian Cruise Line.

Carlyle closes third US venture fund on $605m

The Carlyle Group has closed its third US-focussed fund on $605 million, bringing the 10-year-old venture arm’s total capital under management to $3.8 billion. It is the third fund the buyout giant has closed in the past four weeks.

KKR says IPO still on track

KKR has refuted a UK media report that the buyout firm has postponed its planned $1.25 billion IPO on the New York Stock Exchange.

Littlejohn increases third fund

The middle market buyout shop has increased by $200m its third fund, which closed in May 2005 on $650m.

CCMP closes ‘debut’ fund on $3.4bn

JP Morgan spin-out CCMP Capital has closed its first global fund, which will focus on buyout and growth equity opportunities.

GP dollars flood K Street(2)

KKR recently augmented its tax lobbying capability - and it’s not alone. Buyout shops are spending millions on Washington’s K Street - synonymous with the Capitol’s powerful lobbyists - as US lawmakers mull legislation that would increase taxes.

Capitol Hill to examine PE-owned nursing homes

Congressional interest in private equity-owned nursing homes remains high, as two committees in the US House of Representatives have now said they will hold hearings on the subject.

Marks: distress makes me smile

In a recent interview with sister magazine Private Equity International, Oaktree chairman Howard Marks discussed his firm’s rapid expansion and expertise in profiting from troubled times.