Ken MacFadyen
Los Angeles-based Hancock Park is seeking $250m for its third fund, more than doubling its take for the 2003-vintage Hancock Park Capital II.
Warburg Pincus’ Targa Resources has completed its $2.45bn acquisition of Dynegy’s midstream services business. Hurricane Katrina-related damage to two of the company’s natural gas processing plants had threatened the transaction.
Media-focused Quadrangle Group, in the midst of a $1.6 billion fundraise, has recruited Forstmann Little vet Gordon Holmes to augment its team.
The Blackstone Group, Bain Capital and Thomas H. Lee Partners have teamed up with Cumulus Media to acquire Susquehanna Radio in $1.2bn deal.
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.
The $2.6bn buyout of Agilent is not yet finished, but KKR and Silver Lake have already agreed to unload Agilent’s storage division through a $425m sale to PMC Sierra.
The various state governments of the US all want to kick-start venture capital scenes. A recent study warns that development programmes are not all milk and honey.
New York-based Clayton Dubilier & Rice has held a $2.66bn interim close on its seventh fund, moving the firm ever closer to a $3.5bn target. Sources indicated that a final close could come as soon as late November.
Texas Pacific Group and Apax Partners have agreed to their second deal in the Greek mobile telecom market in the past seven months, buying Q-Telecom in a €350 million deal. There are no plans as of yet to combine the two.
Wind Point Partners agreed to acquire medical air transport provider Omniflight in a deal said by sources to be north of $200 million.