Private Equity
KPMG resigns as the auditor for Herbalife and Sketchers, Pandora has more than 200 mln registered users and AT&T has plans for a gigabit network in Austin.
1 min read · 09 April 2013
Court Square Capital Partners is exiting CompuCom Systems after more than five years, but the PE firm has apparently already gotten its money back.
2 min read · 09 April 2013
Ex-TechCrunch CEO Heather Harde comes out in support of Michael Arrington, Google is reportedly buying WhatsApp and so long Margaret Thatcher.
1 min read · 08 April 2013
Court Square Capital Partners has agreed to sell CompuCom Systems. The buyer is Thomas H. Lee Partners. Financial terms were not announced but THL is paying about $1.1 billion in cash, according to a person familiar with the matter. Citigroup Global Markets Inc, J.P. Morgan, BMO Capital Markets and Jefferies Finance are providing committed financing. Dallas-based CompuCom is an IT outsourcing company. Court Square acquired the company in 2007 for $504 million. BMO Capital Markets and Jefferies advised THL, while Citigroup provided financial advice to CompuCom/Court Square. UPDATE: Ed Wehle lead the deal team at Citi that included Ethan Zweig and Hugo Doetsch. Gerrie Sinatra of Dechert along with Ken Young, Adam Rosenthal, Victoria Alff, Allyson Levy, Edward Lemanowicz and Ken Wang provided legal advice to CompuCom/Court Square. Weil, Gotshal & Manges was the attorney for THL.
4 min read · 08 April 2013
Square 1 Bank has provided a $3 million term loan to SteadyMed Therapeutics. Ramon, Calif.-based SteadyMed is a specialty pharmaceutical company backed by KB Partners and Samson Ventures. SteadyMed plans to use the proceeds to continue development of its PatchPump technology and complete clinical trials for FDA Approval, according to a statement.
2 min read · 08 April 2013
Arlington Capital Partners has acquired MB Aerospace Holdings. Financial terms were not announced. Management also invested. U.K.-based MB Aerospace provides highly engineered components for the commercial and military aero-engine and industrial gas turbine markets.
3 min read · 08 April 2013
Insight Equity has officially begun marketing for its latest fund, which is looking to collect $750 million, sources tell peHUB.
1 min read · 08 April 2013
About 1,000 GPs and LPs descended on Boston for PartnerConnect last week. William Ackman, Pershing Square Capital Management's CEO, gave us insight into his claims regarding Herbalife while Silver Lake Co-Founder Glenn Hutchins, who wouldn't talk about Dell, told an audience of PE and VC executives that, "This is the economic recovery. This is what you're going to get."
1 min read · 08 April 2013
Fundraising can be a daunting task for GPs but here's some tips to make the process easier. One piece of advice? Keep pitchbooks to 15 pages, LPs say.
3 min read · 04 April 2013
A major private equity firm, not based in the U.S., will likely join the ranks of seven large buyout shops that invest globally, says David Rubenstein, the Carlyle Group's co-CEO and co-founder.
2 min read · 03 April 2013
