Clayton Dubilier & Rice LLC has amassed $6.25 billion for its latest flagship fund after it was oversubscribed, turning down as much as $2 billion from investors, according to two people familiar with the matter, sister news service Reuters reported.
3 min read · 26 February 2014
Dave Camp, the Republican chairman of the House Ways and Means Committee, is expected to unveil today the blueprint for a tax reform proposal that would tax a portion of carried interest as regular wages.
2 min read · 26 February 2014
Cooper-Standard Holdings Inc is weighing a merger with rival TI Automotive, looking to combine the world’s two largest suppliers of fluid systems for cars and trucks, according to people familiar with the matter, sister news service Reuters reported.
3 min read · 26 February 2014
Private equity firm Carlyle Group has entered into exclusive talks to buy Tyco International Inc’s South Korean security systems unit, a business valued at around $2 billion, two sources told sister news service Reuters.
1 min read · 26 February 2014
Private equity fund managers, who have taken advantage of favorable Western capital markets to sell companies for top dollar, say they need to move beyond traditional buyouts to avoid overpaying for companies, sister news service Reuters reported.
4 min read · 26 February 2014
Canada's Venture Capital and Private Equity Association (CVCA) has appointed Mike Woollatt as the organization's first chief executive officer. Prior to joining the CVCA, Woollatt co-founded Beaconsfield Group, a management consulting and public affairs firm. He has also held executive roles at various Canadian corporations, including Bell Canada, CTVglobemedia, and Canwest Global Communications. The CVCA also acknowledged with appreciation the departure of its executive director, Richard Rémillard, who as previously reported by peHUB Canada, is leaving to form a consulting firm specializing in financial services.
3 min read · 25 February 2014
A consortium led by Swedish private equity firm EQT is in the final stage of talks to buy Australia's I-MED, the radiology group said on Tuesday, in a deal that could be worth more than A$400 million (US$360.70 million), reports Reuters. Canadian pension fund the Caisse de dépôt et placement du Québec and Singapore's GIC will be investing with EQT in Australia's biggest radiology provider, the company said. I-MED, which runs 200 clinics across Australia and provides radiology services including X-ray and ultrasound, is currently held by over 20 owners - largely hedge funds - including Anchorage Capital Group and Fortress Investment Group, an I-MED spokesman said.
1 min read · 25 February 2014
Canadian mid-market private equity firm Clairvest Group has entered into a standby purchase agreement with Discovery Air Inc (TSX: DA) to facilitate the company's efforts to raise $15 million in an equity offering. A portfolio investment of Clairvest since 2011, the Etobicoke, Ontario-based Discovery Air is a specialty aviation company. In Dec. 2013, the company acquired Advanced Training Systems International Inc, a U.S airborne training services company based in Mesa, Arizona.
2 min read · 25 February 2014
British buyout group Terra Firma will shortly launch a 2 billion euro ($2.75 billion) general private equity fund, two people familiar with the matter told sister news service Reuters.
2 min read · 25 February 2014
Apollo Global Management has waited a long time to cash out of Berry Plastics, but the global buyout fund appears to have nearly quadrupled its investment in the company, according to sister website peHUB.
3 min read · 25 February 2014
