The Massachusetts and Silicon Valley-based firm manages about $2.1bn and has returned about $600m to investors in the past two years from IPOs and exits.
1 min read · 05 January 2013
Byron Trott is leaving Goldman Sachs after 27 years to launch a firm that will invest in and advise family-owned businesses. The merchant bank will look to raise an initial $2bn and has has backing from billionaire investor Warren Buffet’s Berkshire Hathaway.
1 min read · 05 January 2013
The hybrid investment firm, which employs private equity and hedge fund strategies, closed its fourth private equity and special situations fund on $650m late last year.
2 min read · 05 January 2013
The mega-buyout firm, which has been struggling with some of its larger portfolio companies in the financial crisis, is offering a 51% premium to Legacy Reserves’ unitholders over the average closing price of the units over the last 30 days.
2 min read · 05 January 2013
Kamil Salame, former partner with DLJ Merchant Banking and managing director with Credit Suisse, will head up CVC’s financial institutions group from the US. The firm launched its financial institutions team last year.
2 min read · 05 January 2013
The government’s auto industry task force rejected a restructuring plan put forth by Cerberus Capital Management-backed Chrysler as part of its government bailout. The task force said a quick restructuring in bankruptcy may be the company's best chance for survival.
3 min read · 05 January 2013
Oaktree Principal Fund V is expected to hold a second close in April. The alternative asset firm has raised more than $12bn for various private equity funds in the past 12 months.
2 min read · 05 January 2013
Fortress shares doubled after the US Treasury outlined plans this week to buy up to $1trn in toxic assets by combining public and private equity. Blackstone and Och-Ziff have also seen their stocks rise.
2 min read · 05 January 2013
The Boston-based firm has purchased a 51% stake in Fifth Third Bancorp’s financial institutions processing business as it continues to build its pay processing platform.
2 min read · 05 January 2013
The Toronto Stock Exchange-listed asset manager bought Loews Cineplex in 2002 and sold most of the business to Bain, Carlyle and Spectrum Equity Investors in 2004. It has now sold the remaining Galaxy portion of the business.
2 min read · 05 January 2013
