1 min read · 12 November 2012
2 min read · 12 November 2012
1 min read · 12 November 2012
Over a 20-year period buyout funds have generated a cumulative IRR of 10.12 percent annual IRR rate. The three-year period represents a high of 13.02 percent and five-year returns the low at 4.15 percent.
1 min read · 09 November 2012
Private equity pros gave a collective sigh of relief in the days after President Barack Obama’s re-election, knowing that political advertisements demonizing Mitt Romney as a corporate raider during his time as head of Bain Capital were finally over.
5 min read · 09 November 2012
PRT Growing Services, Ltd., a Vancouver-based producer of container-grown forest seedlings, has agreed to be taken into private ownership by Mill Road Captial for C$45.6 million. This is the US-based Mill Road's first acquisition of a Canadian firm since it bought Cossette Inc. of Quebec City in 2009.
6 min read · 08 November 2012
Canadian institutional investor OPSEU Pension Trust (OPTrust) announced the appointment of a new CEO. William Hatanaka will assume the top management spot at the C$13.7 billion pension fund organization, following 30 years of experience in the financial services sector. OPTrust's Private Markets Group has become an increasingly important player in private equity, targeting 15% of total assets to this asset class. Returns from private equity holdings generated 11.3% in 2011.
2 min read · 08 November 2012
AEA Investors has acquired Eagle Suspension, Dallas Spring Canada and Titan Durant Land. Financial terms of the transaction, which closed Nov. 5, were not announced. Eagle-Dallas designs and engineers multi-leaf and parabolic leaf springs and support beams for aftermarket and OEM heavy-duty truck suspension systems. Houlihan Lokey advised Eagle-Dallas.
2 min read · 07 November 2012
TPG Capital may be the next buyout shop to hit the fundraising trail. The buyout firm founded by David Bonderman and James Coulter is considering an $8 billion to $12 billion target for its next global buyout fund, two placement agents told sister Web site peHUB.
2 min read · 07 November 2012
Ontario Teachers' Pension Plan has agreed to take control of Heartland Dental Care Inc in a deal that values the US dental practice management firm at about $1.3 billion, writes Reuters. Ontario Teachers is buying a majority stake in Heartland, while founder and chief executive Rick Workman will retain a minority stake along with management and employees.
2 min read · 06 November 2012
