Private Equity
AnaCap Financial Partners said Sept. 18 that its fourth Credit Opportunities fund closed on 1 billion euros ($1.1 billion). AnaCap Credit Opportunities IV was oversubscribed and was about 70 percent larger than its predecessor.
3 min read · 18 September 2019
Scintil Photonics said Sept. 18 that its first round of funding raised 4 million euros ($4.4 million) led by Supernova Invest, Innovacom and Bpifrance. Participating in the round were Credit Agricole Alpes Développement and endowment Fund Foreis. Scintil Photonics, of Grenoble, France, develops silicon photonic fully integrated circuits including laser integration.
6 min read · 18 September 2019
1 min read · 17 September 2019
Blackstone's Schwarzman gives advice to emerging managers; Providence seeks $3 bln for EdgeConneX; Oak Hill wins Mercer
2 min read · 17 September 2019
Intermediate Capital Group said Sept. 17 that has appointed Alan Jones as a senior managing director with responsibility for building its private equity business in North America. Jones was most recently a vice chairman of private credit & equity at Morgan Stanley.
3 min read · 17 September 2019
WeWork has opted to postpone its much anticipated IPO after struggling to raise investor interest, according to press reports. WeWork had expected to launch the roadshow for its IPO on Monday, and to price and list its shares next week, the Financial Times reported. WeWork now plans to complete the offering by year-end, the story said.
1 min read · 17 September 2019
Genstar Capital and Lovell Minnick Partners are selling a stake in Mercer Advisors to Oak Hill Capital via a recap. Financial terms weren’t announced. Genstar remains an investor. Mercer, of Denver, is an independent wealth manager in the U.S., serving clients with a focus on the mass affluent and high net-worth markets.
5 min read · 17 September 2019
Metalmark Capital is weighing the sale of Kissner Milling Co, Bloomberg is reporting. Metalmark is seeking about $2 billion for Kissner, a Canadian rock salt producer, the story said.
1 min read · 17 September 2019
Blackstone is in advanced discussions to acquire and leaseback the Bellagio and MGM Grand Las Vegas casinos from MGM Resorts International, Bloomberg is reporting. MGM Resorts could receive up to $4 billion selling the Bellagio and nearly $3 billion from a sale of MGM Grand, the story said.
1 min read · 17 September 2019
Align Capital Partners said Sept. 17 that it completed the majority recapitalization of Southwest Elevator Company. Financial terms weren’t announced. Southwest, of Fort Worth, Texas, provides preventative maintenance, repair, and modernization services for elevators and escalators.
2 min read · 17 September 2019
