Catch up on the latest private equity happenings after the weekend including a new president for Warburg Pincus, the latest in healthcare opportunities, Washington University's new private markets hire and news of Stirling Square's third fundraising.
1 min read · 18 November 2013
Searchlight Capital, the buyout firm launched by former KKR and Apollo Global executives, posted the greatest year-on-year multiple increase for the $159 billion New York State Common Retirement Fund, according to a comparison of performance data for the period March 2012 to March 2013. The data compares some 197 buyout-related vintages ranging from as far back as 1987 to as young as 2011.
2 min read · 15 November 2013
Terra Firma has appointed Ingmar Wilhelm as financial managing director. Wilhelm will join Terra Firma’s dedicated renewable energy investment team at the beginning of January. This announcement follows the appointment of Stefan Thiele as operational managing director earlier this year.
2 min read · 14 November 2013
CIT Group, a provider of financing and advisory services to small businesses and middle market companies, served as joint lead arranger in a $140 million senior secured credit facility for National Dentex, a dental lab services provider in the US. NDX is a portfolio company of Welsh, Carson, Anderson & Stowe. Financing was provided by CIT Bank, the U.S commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.
4 min read · 14 November 2013
Nautic Partners and Ferrer Freeman & Company have sold Genova Diagnostics, Inc to Levine Leichtman Capital Partners and members of Genova management. Genova, founded in 1986, is a global specialty clinical laboratory.
2 min read · 14 November 2013
New Enterprise Associates has established an office in Kendall Square in Cambridge to serve its growing portfolio and deal-sourcing work in the greater Boston area. NEA’s current portfolio of Cambridge and Boston area investments includes nearly two dozen healthcare and technology companies and the firm is also a founding partner in The Experiment Fund, a seed-stage fund operating on Harvard’s campus.
3 min read · 14 November 2013
MRC Global has completed its sale of 17,489,233 shares of the common stock of MRC Global. Goldman Sachs through the Goldman Sachs Funds was the private equity sponsor of MRC Global beginning with a private investment in 2007.
2 min read · 14 November 2013
The Wyoming Retirement System has hired Sam Masoudi as the system’s new chief investment officer. Masoudi has worked with a wide variety of investment types including public equities, private equity, fixed income, real estate and hedge funds.
2 min read · 14 November 2013
This Thursday morning's First Read reveals Hamilton Lane in talks to buy Paul Capital, Google and KKR investing in solar plants and project loon balloons going round the world in 100 days.
1 min read · 14 November 2013
Bain & Company is on the look out for a fund controller, CalPERS is seeking a chief operating officer and HarbourVest is recruiting for an assistant manager portfolio analytics, marketing co-ordinator and private equity accountant.
2 min read · 13 November 2013
