Private Equity
Dan Pickering announced the launch of Pickering Energy Partners LP. Pickering Energy, of Houston, is a spin-out of all remaining energy asset management strategies of Perella Weinberg Partners Capital Management. Dan Pickering is the ex-president of Tudor, Pickering, Holt & Co and chief investment officer of TPH Asset Management.
3 min read · 12 September 2019
Vision Innovation Partners, a Centre Partners portfolio company, said Sept. 12 that it acquired Washington Eye Specialists. Financial terms weren’t announced. Washington Eye Specialists, of Washington D.C., is an ophthalmology practice.
2 min read · 12 September 2019
Leon Cooperman, the legendary hedge fund manager, said low interest rates that have fueled private equity returns won’t last, Bloomberg is reporting. Cooperman, CEO of Omega Advisors Inc, made the comments at an event hosted by the New York Alternative Investment Roundtable, the story said. The CEO said he thought private equity was a scam but then backtracked and said the high fees and lengthy lock-ups didn’t appeal to him, Bloomberg said. Declining interest rates are the main reason LBOs have generated high exit multiples in the last decade, Cooperman said in the story.
1 min read · 12 September 2019
Campbell Lutyens said Sept. 12 that Gordon Bajnai was named a partner and head of global infrastructure. He will continue as chairman of the firm’s global advisory board.
3 min read · 12 September 2019
Blackstone said Sept. 11 that its latest global real estate fund, Blackstone Real Estate Partners IX, closed on $20.5 billion.
2 min read · 12 September 2019
Inca Group, an Omnes portfolio company, has acquired Natur'Habitat & Natur'Habitat L'Atelier de Pose. Financial terms weren’t announced. Founding CEO Christophe Verbeke is selling his shares, while his daughter Samantha Verbeke, current Natur'Habitat sales manager, is reinvesting alongside the InCA group. Natur'Habitat & Natur'Habitat L'Atelier is a developer of individual homes (traditional and wooden), well as a service provider offering extensions and renovations.
5 min read · 12 September 2019
Fresh Direct Produce Ltd, an HKW portfolio company, has acquired Islands West Manufacturing Ltd. Financial terms weren’t disclosed. Islands West, of Victoria, British Columbia is a wholesaler of produce, processed fruits, dried spices, and fresh-cut vegetables.
2 min read · 12 September 2019
Whitehorse leads strip sale out of Carlyle's debut mid-market fund; Morgan Stanley Capital Partners weighs sale of Pathway Vet Alliance; LSE gets surprise $39 bln offer from Hong Kong Exchange
2 min read · 11 September 2019
MSI Data said Sept. 11 that Luminate Capital Partners has invested in the company. Financial terms weren’t announced. MSI provides field service management software.
3 min read · 11 September 2019
The Execu|Search Group, a New Heritage Capital portfolio company, said Sept. 11 that it acquired TechLink. Financial terms weren’t announced. TechLink, of Upper Saddle River, New Jersey, provides temporary technology staffing solutions.
3 min read · 11 September 2019
