Private Equity
The Boston-based venture firm has bolstered its Silicon Valley office with the appointment of Victor Westerlind as a general partner. RockPort closed its third cleantech fund last June on $453m, slightly above its hard cap.
1 min read · 05 January 2013
Simpson Thacher & Bartlett, the law firm for private equity and real estate heavyweights like Blackstone, KKR and JC Flowers, will guide the government as it spends up to $250bn purchasing equity stakes in banks.
1 min read · 05 January 2013
The Barcelona-based private equity firm has made its first investment from its debut €100m fund, which closed in May. The investment in Atrezzo is the first step in the creation of a visual merchandising group focused on the fashion sector.
1 min read · 05 January 2013
The UK-based mid-market firm has been investing from its debut £300m distressed debt fund that closed in March 2007, but will raise a successor in spring with an estimated $1bn target.
2 min read · 05 January 2013
The New Jersey venture will provide food and other products at the New York Yankees baseball park and the Dallas Cowboys football stadium. The company will be led by Michael Rawlings, the former president of Pizza Hut.
1 min read · 05 January 2013
The Los Angeles-based private equity firm has acquired nearly all the company’s debt for $200m and is funding the plan of reorganisation for Pierre, which is one of 34 private equity-backed companies that has gone bankrupt this year. Madison Dearborn bought Pierre in 2004 for about $422m.
2 min read · 05 January 2013
The study dovetails with broad changes already affecting the private equity industry as GPs hire more operating partners and raise families of funds.
2 min read · 05 January 2013
The publicly listed private equity firm is trying to keep afloat two of its portfolio companies, Intrawest, a ski resort company, and Gagfah, a German real estate company, that are burdened by debt, according to the Financial Times. Gagfah said the report is not true.
2 min read · 05 January 2013
Masonite, an Ontario-based door manufacturer acquired in 2005 for C$3.1bn, has entered a 30-day grace period to make a $42m interest payment on $769m subordinated notes.
2 min read · 05 January 2013
The Washington, DC-based firm wants to outbid Bain and Hellman & Friedman for Lehman’s investment management unit, but has said provisions in the sales agreement including a $110m break-up fee will have a chilling effect on additional bidders.
2 min read · 05 January 2013
