Kohlberg Kravis Roberts has tapped outgoing Flextronics CEO Michael Marks to join the firm. Marks’ hiring will coincide with the departures of long-time KKR execs Edward Gilhuly and Scott Stuart, who announced their intention to leave the firm in September.
2 min read · 30 December 2012
The third venture fund of funds from Montagu Newhall Associates has finished its fundraising oversubscribed, pulling in $250m in commitments.
2 min read · 30 December 2012
General Catalyst Partners has held a $365m interim close for its fourth fund, putting the Massachusetts-based VC group near its $375m target.
2 min read · 30 December 2012
As more and more generalist firms target its space, San Francisco’s Energy Investors Funds strengthened its toehold in the power sector, closing on $750 million for its latest fund.
2 min read · 30 December 2012
In-Q-Tel, the CIA venture arm, was formed to put the US spy agency back on the cutting edge of technology. Unlike most venture groups, though, success and failure is not measured in dollars.
3 min read · 30 December 2012
Michael Farello, the former vice president of US consumer marketing and eBusiness at Dell, has joined Greenwich-based Catterton Partners as a partner.
2 min read · 30 December 2012
Boston-based Bain Capital has inked a deal to carve out the Sensors & Controls business of Texas Instruments for $3bn.
2 min read · 30 December 2012
Thomas Hicks is keeping busy in retirement, most recently launching a real-estate joint venture with Gatehouse Capital, a Dallas-based real-estate developer.
2 min read · 30 December 2012
New York-based Wellspring Capital Management received $1bn in LP commitments for its fourth fund, a nearly 50 percent jump over its predecessor vehicle.
2 min read · 30 December 2012
Sun Capital’s turnaround of Musicland has hit a stumbling block, following news that the music and video retailer filed for bankruptcy protection.
2 min read · 30 December 2012
