Palo Alto-based Technology Crossover Ventures corralled $1.4 billion (€1.19 million) for its latest fund. The fundraise represents a 55 percent jump over its predecessor fund, but still does not match the $1.7 billion raised in 1999.
2 min read · 30 December 2012
Montreal-based Northbridge Equity Partners has launched a new golf-apparel platform, Summit Golf Brands, which controls the Fairway & Greene and EP Pro lines of golf clothing.
1 min read · 30 December 2012
Chicago-based Thoma Cressey Equity Partners, a mid-market private equity shop, has closed its latest fund at $765m, easily surpassing its initial target.
1 min read · 30 December 2012
LNK Partners, the inaugural fund from Apax Partners veterans David Landau and Henry Nasella, has set a target of $400m for its first vehicle. The firm will focus exclusively on the retail and consumer sector.
2 min read · 30 December 2012
American Capital Strategies has brought on board Les Brownlee, the former Acting Secretary of the US Army, hoping the hire will boost its activity in the federal contracting space.
1 min read · 30 December 2012
Cerberus Capital Management and Nikko Principal Investments have agreed to a deal to invest around ¥141bn into troubled Japanese conglomerate Seibu. The deal overcame a counterbid from the brothers of ousted Seibu head, Yoshiaki Tsutsumi.
2 min read · 30 December 2012
Media-focused Quadrangle Group, in the midst of a $1.6 billion fundraise, has recruited Forstmann Little vet Gordon Holmes to augment its team.
2 min read · 30 December 2012
More than six months after Burlington Coat Factory announced it was looking at strategic alternatives, Bain Capital has agreed to acquire the apparel retailer for $2.06bn.
2 min read · 30 December 2012
The Blackstone Group, Bain Capital and Thomas H. Lee Partners have teamed up with Cumulus Media to acquire Susquehanna Radio in $1.2bn deal.
2 min read · 30 December 2012
Chicago-based Lake Capital held an $800m close on its latest fund, representing a 60 percent increase over its inaugural, service-industry vehicle raised just three years earlier.
2 min read · 30 December 2012
