Private Equity
2 min read · 27 April 2009
Nancy Gordon reports in the latest issue of Buyouts magazine that at least three Aldus Equity clients have expressed concern over Aldus' proximity to the New York pay-to-play scandal. They are the the Teachers’ Retirement System of Oklahoma (which placed Aldus on a "watch list"), the New Mexico State Investment Council and the Los Angeles Fire and Police Pensions. Alongside the story ran a Q&A with Aldus, which answered the questions via email and without specific partner attribution. We're posted the Q&A after the jump:
3 min read · 14 April 2009
2 min read · 03 April 2009
The Mustang Group is banking on stability in the golf industry and growth opportunities with its latest investment. The Boston-based firm led a buyout of Country Club Enterprises, a company that distributes golf cars to golf courses in New England, the firm disclosed to peHUB sister publication, Buyouts. Managing Partner Ben Coes said the deal came in under $100 million in enterprise value, but declined to discuss specifics. CEO David Farina and The Gladstone Companies, a McLean, Va.-based investment firm, invested alongside Mustang. Gladstone also provided sub-debt and TD Banknorth NA provided senior debt. The Wareham, Mass.-based company employs 50.
2 min read · 19 March 2009
1 min read · 03 March 2009
2 min read · 17 February 2009
Alinda Capital Partners has hit its $3 billion target for its second fund, which will invest in global infrastructure efforts. The fund is still open and is expected to hold a final close in the third quarter, according to peHUB sister publication Buyouts magazine. The fund is a fairly remarkable achievement for Alinda Capital on multiple fronts, including the difficult fundraising environment, the fact that it only closed its debut fund—also at $3 billion—in 2007 and because the firm has yet to make an exit. But Alinda Capital has been extremely active. Its portfolio includes BAA Ltd., an operator of eight airports in the United Kingdom and Italy, including Heathrow Airport in London; American Roads LLC, which owns and operates five roads
1 min read · 06 February 2009
1 min read · 08 January 2009
This article originally appeared at the web site of Buyouts magazine, where Bernard Vaughan is an Associate Editor. CapitalSouth Partners has extended the target closing date for its third fund a full year because of market turmoil. Buyouts reported in March 2008 that the Charlotte, N.C.-based firm was set to close CapitalSouth Partners Fund III LP with a target of $330 million in May 2008. But in spring of last year the managers of the fund saw prospective investors were starting to delay commitments amid the growing economic uncertainty so they decided to extend the fundraising to May 2009, a source familiar with the effort told Buyouts. CapitalSouth, which invests in lower middle-market companies, began raising the fund in May 2007. No investors have reneged on previous pledges, however, and the fund has picked up several new investors this time around, such as the
2 min read · 06 January 2009
1 min read · 17 December 2008
