ICV Partners, the firm co-founded by former deal banker Willie Woods, is seeking $400 million for its third and latest fund, a previous investor in the firm told Buyouts.
2 min read · 27 September 2012
Wellington Financial has provided debt financing for SmartDrive Systems of San Diego, CA. The financing closed in conjunction with a $47 million round of equity financing. SmartDrive provides web-based driver safety and fuel solutions for fleet enterprises globally. SmartDrive is backed by leading venture capital firms, including New Enterprise Associates and Oak Investment Partners.
2 min read · 26 September 2012
Fireman Capital Partners is seeking $200 million for its first fund, a source with direct knowledge of the firm’s plans told Buyouts.
2 min read · 25 September 2012
The Canada Pension Plan Investment Board said on Friday it will pay $1.1 billion for the heating and air conditioning business of Tomkins Ltd., a British-based industrial holdings company jointly owned by CPPIB and Onex Corp., Reuters reported. Canadian private equity firm Onex and CPPIB, which manages one of the world's largest pension funds, acquired Tomkins in 2010, and the company has since reduced its debt by selling five non-core businesses for total proceeds of almost $1 billion. The division is a North American manufacturer of residential and non-residential heating, venting and air conditioning products.
2 min read · 24 September 2012
If, as Paul Simon says, there must be 50 ways to leave your lover, then there must be hundreds of ways to make or lose money in private equity. Because after 24 years and 80 exits, we’re still finding new ones!
3 min read · 20 September 2012
2 min read · 17 September 2012
1 min read · 17 September 2012
3 min read · 17 September 2012
OMERS Private Equity, the private equity arm of Canadian pension fund OMERS has appointed Isabelle Pagnotta as a director and Bryony Marshall as an associate to its London office. OMERS set up its London office in 2009 and has invested $640 million so far in the European market.
2 min read · 17 September 2012
The investigation by Eric Schneiderman, New York state’s attorney general, into the private equity industry’s tax practices may have attracted a lot of publicity in recent days, yet it’s uncertain whether it will result in big financial settlements, according so sister news service Reuters. His action may be limited to whether private equity fund managers dodged paying the state’s top tax rate, currently at 8.82 percent, which applies to both ordinary income and capital gains.
5 min read · 17 September 2012
