Fortress reported a loss of $38 million for the third quarter, though it managed to avoid subprime-related losses, raised revenue by 80 percent and grew private equity assets under management by 60 percent.
2 min read · 04 January 2013
The San Francisco mid-market firm increased its dry powder to address opportunities in the post-subprime meltdown environment.
2 min read · 04 January 2013
Fresh from its first fund close, North Carolina-based Falfurrias Capital has bought chicken-n-biscuits chain Bojangles.
1 min read · 04 January 2013
Former Apax, USBX and Arthur Anderson executives have founded Egis Capital to take advantage of rising government spending in the defence sector. Next year the firm plans to raise a $200 million fund.
1 min read · 04 January 2013
Fresh from its first fund close, North Carolina-based Falfurrias Capital has bought chicken-n-biscuits chain Bojangles.
1 min read · 04 January 2013
Apollo Management has added California Products Corporation to its manufacturing portfolio, just weeks after paying $10.6 billion for specialty chemical maker Huntsman.
1 min read · 04 January 2013
VSS has agreed to pay $185 million for direct marketing company TRANZACT, generating for its owner, Halyard Capital, a return of 12 times its investment and an 85 percent IRR.
2 min read · 04 January 2013
Veritas Capital has sold defence contractor Athena Innovative Solutions to CACI International for an undisclosed amount.
1 min read · 04 January 2013
Piper Jaffray has finished the construction of its fund of funds team with the addition of Mike Pohlen from the firm’s investment banking team.
1 min read · 04 January 2013
Emerging markets funds raised $21.5 billion in the first six months of the year, and are poised to surpass last year's total of $33.3 billion, according to data from the Emerging Markets Private Equity Association.
2 min read · 04 January 2013
