Oak Hill Capital Partners has hired JP Morgan Chase & Co to explore a sale of logistics provider Jacobson Companies Inc, hoping to fetch as much as $700 million, according to people familiar with the matter, sister news service Reuters reported.
2 min read · 14 February 2014
David Rubenstein, co-founder and co-CEO of The Carlyle Group, says a degree in humanities is an ideal foundation for a career in private equity
1 min read · 14 February 2014
After roughly 21 months spent marketing, energy and financial services specialist Pine Brook Partners has held a final close for its second fund, according to sister website peHUB.
2 min read · 14 February 2014
Irving Place Capital is exiting its investment in Victor Technologies after more than three years, according to sister website peHUB.
2 min read · 13 February 2014
Global fund assets are set to grow by 60 percent to more than $100 trillion by 2020, a report from PricewaterhouseCoopers (PwC) said on February 10, partly due to increasing numbers of newly rich people in emerging markets, according to sister news service Reuters.
2 min read · 13 February 2014
Terra Firma, the private equity fund controlled by British financier Guy Hands, said on February 13 it had asked star manager and veteran Damian Darragh to leave, according to sister news service Reuters.
1 min read · 13 February 2014
U.S.-based Health Care REIT Inc (NYSE: HCN) has agreed to recapitalize the management company of Sunrise Senior Living LLC. Upon the deal's closing, Health Care REIT will own a 24% stake in the McLean, Va.-based Sunrise, while Revera Inc, a Mississauga, Ont.-based provider of seniors' accommodations, care and services, will own the remainder. Financial terms of the transaction were not published. Health Care REIT and Revera are acquiring their interests from U.S. private equity firms Kohlberg Kravis Roberts, Beecken Petty O'Keefe & Co and Coastwood Senior Housing Partners. That investor group and Health Care REIT bought Sunrise's management business for US$130 million in 2012.
4 min read · 13 February 2014
Raymor Industries Inc has sold its advanced powder and coatings (AP&C) business division to Arcam AB, a Mölndal, Sweden-based provider of cost-efficient additive manufacturing solutions for the production of metal components. The total acquisition price was $35 million. Arcam is a portfolio company of Swedish private equity firm Industrifonden. Based in Boisbriand, Quebec, Raymor Industries also operates Raymor Nanotech, which produces very pure and highly graphitized single-wall carbon nanotubes. The company was founded in 1980.
2 min read · 13 February 2014
Alliance Laundry Holdings LLC has agreed to purchase Primus Laundry Equipment Group, a Belgian marketer of commercial washer-extractors, tumbler dryers, ironers and feeding and folding equipment. The financial terms of the deal were not disclosed. Alliance Laundry Holdings is the parent of Alliance Laundry Systems, a Ripon, WI-based manufacturer of commercial laundry equipment used in laundromats, multi-housing laundries and on-premise laundries. It is also a portfolio company of Teachers Private Capital, which bought Alliance Laundry from U.S. private equity firms in 2005 for US$450 million. The acquisition of Primus Laundry Equipment is expected to close before the end of March.
3 min read · 13 February 2014
CPPIB Credit Investments, the credit investment arm of Canada Pension Plan Investment Board (CPPIB) has formed a strategic alliance with Piramal Enterprises Ltd (PEL) for providing rupee debt financing to residential projects in India’s major urban centres. CPPIB and PEL have each committed US$250 million to the US$500 million funding platform, which will focus on making investments in local developers with a strong track record in delivering high-quality residential projects in Mumbai, Delhi NCR, Bangalore and other cities. Indiareit Fund Advisors, the real estate fund management arm of PEL, has been appointed as advisor.
4 min read · 13 February 2014
