KPS II, a 2002 vintage turnaround fund, is the $9.2 billion Connecticut State Employees Retirement System’s top performer as of Dec. 31, 2012. That fund posted an IRR and multiple of 63.6 percent and 3.5x.
2 min read · 09 August 2013
Want to find out the latest private equity return data from the most prominent US state pension funds? Buyouts has been compiling a database of the most recent state pension fund private equity return data that is available. The database currently comprises private equity fund performance and information from some 28 pension funds, including more than 1,500 2007 vintage and older funds with more than 500 domestic buyout funds and more than 400 domestic venture capital funds in that dataset. Most of the data are as of Dec. 31, 2012.
1 min read · 06 August 2013
Aurora Capital Group has completed the previously announced sale of ADCO Global, a global manufacturer of specialty adhesives, sealants and tapes, to Arsenal Capital Partners. Terms of the transaction were not disclosed.
3 min read · 01 August 2013
Enhanced Equity Funds, a healthcare services private equity firm, has appointed Bryan Gibson to lead FirstMed EMS as its chief executive officer. FirstMed, headquartered in Wilmington, North Carolina, is a provider of non-emergency and emergency medical transportation services.
3 min read · 01 August 2013
MedImpact Healthcare Systems, a provider of pharmacy benefit management services, is to acquire Apex Affinity, a provider of consumer prescription savings programs to large affinity groups. MedImpact is purchasing Apex from private equity firm SilverStream Capital. The transaction is expected to close in the third quarter.
3 min read · 01 August 2013
Houston-based private equity firm Rock Hill Capital Group has reached a final close of Rock Hill Capital II, LP with $87.7 million in capital commitments. Fund II is the successor fund to Rock Hill Capital I, LP and continues a similar investment strategy.
2 min read · 01 August 2013
Equistone Partners Europe is investing in the Charles & Alice Group, a French manufacturer of fruit desserts. The transaction is part of a secondary MBO alongside CM-CIC Capital Finance, shareholder since 2007, and the current management team led by President Thierry Goubault.
5 min read · 01 August 2013
This Thursday morning read all about M&A with Euro involvement hitting $106 billion in July; Credit Suisse nearing the sale of its private equity unit, PE fundraising for emerging markets halving in H1 and a start-up Phenomenon launching to capture the essence of start-up hubs.
1 min read · 01 August 2013
NXT Capital has closed the NXT Capital Senior Loan Fund II, a $783 million leveraged loan fund that will invest in senior debt transactions originated and underwritten by NXT Capital’s corporate finance group. These include senior secured, stretch senior, unitranche, 2nd lien, term over revolver and last-out term loans made primarily to private equity-sponsored middle market companies in a wide range of industries.
2 min read · 31 July 2013
Industrial Opportunity Partners, an operations-focused private equity firm based in Evanston, Ill., has partnered with current owner and operator, John Zobl, in an investment in Betty Machine Company. Betty Machine is a precision machining manufacturer of close tolerance parts primarily for automotive applications. The investment will support a recapitalization of the business.
3 min read · 31 July 2013
