Private Equity
Freeport Financial, which is backed by Moelis & Co., has appointed David Allen an MD focused on healthcare sector investors. Allen joins from NXT Capital where was also an MD responsible for healthcare investments.
2 min read · 11 February 2013
Z Capital Partners has offered to buy all the outstanding shares of Affinity Gaming that it doesn't already own for $14 a share, according to an SEC filing. Z Capital owns 30.5% of Affinity's outstanding stock. Press reports are valuing the deal at $196.8 million. Las Vegas-based Affinity is a casino operator.
4 min read · 11 February 2013
There's another high profile departure at Deutsche Bank Asset & Wealth Management. This time it's Colleen Sellers, who is credited with building out the PE funds-of-funds business.
2 min read · 11 February 2013
To end your Monday, we have news that the NASDAQ OMX wanted to go private, Tim Cook will sit with Michelle Obama tomorrow and The Verge considers putting out a print edition.
1 min read · 11 February 2013
General Catalyst Partners has recapped Oceans Healthcare. Financial terms were not announced. Lake Charles, La.-based Oceans is a provider of psychiatric facilities for geriatric patients. Co-Founders Jason Reed and Nick Guillory will remain as CEO and COO, respectively. The Braff Group advised Oceans Healthcare.
3 min read · 11 February 2013
DB Private Equity & Private Markets said Monday that its DB Secondary Opportunities Fund II has raised $614 million. The target of DB SOF II was $500 million. New and existing investors include insurance companies, public and corporate pension plans and family offices across the Americas, EMEA and Asia Pacific. DB SOF II will buy private equity fund interests in the secondary market globally. DB Private Equity & Private Markets is the private markets unit of Deutsche Bank Asset & Wealth Management.
2 min read · 11 February 2013
Tim Hurd and Eddie Magnus have left Madison Dearborn Partners to start their own firm, according to an MDP letter to investors.
2 min read · 11 February 2013
Ping4 Inc. said Monday that it has closed a $4 million private placement. The investors are a a group of successful serial entrepreneurs, a spokeswoman says. The Nashua, N.H.-based company provides "Ping4alerts!," which are advisories and warnings from Federal and local authorities, for mobile phones. Ping4 has raised nearly $7 million in private placement.
3 min read · 11 February 2013
Glenn Youngkin, the Carlyle Group's chief operating officer, talks to David Snow of Privcap about succession at the firm, what exactly he does and why David Rubenstein gives so many speeches.
2 min read · 11 February 2013
To end your week we have news CAA is raising a VC fund, AOL revenues rise for the first time in 8 years and Nemo slams the Northeast.
1 min read · 08 February 2013
