Private Equity
Like the Blackstone Group last week, KKR said it had a good 2012, as the firm's private equity portfolio and balance sheet appreciated 24%. But what about its next buyout fund, North America Fund XI or NAXI?
2 min read · 07 February 2013
Romano's Macaroni Grill is proving to be a sweet deal for Golden Gate Capital. Ignite Restaurant Group said late Wednesday it had agreed to buy Romano's Macaroni Grill for about $55 million.
1 min read · 07 February 2013
Asset International, which is backed by Austin Ventures, is buying Investor Economics.
2 min read · 06 February 2013
Talos Energy said Wednesday it has closed its buy of Energy Resource Technology GOM, the oil and gas subsidiary of Helix Energy Solutions Group.The deal was valued at $620 million. Talos is backed by Apollo Global Management and Riverstone Holdings.
3 min read · 06 February 2013
To end your Wednesday, News Corp. posts higher quarterly revenue but Yelp's results aren't so good, YouTube might invest in Vevo and don't expect any mail on Saturdays beginning in August.
1 min read · 06 February 2013
Golden Gate Capital has sold Romano's Macaroni Grill to Ignite Restaurant Group for about $55 million. Ignite says it will fund the acquisition through a $50 million upsizing of the company’s existing credit facility. The deal is expected to close in late second quarter. KeyBanc Capital Markets provided financial advice to Ignite. Romano’s Macaroni Grill, which opened its first restaurant in 1988, currently owns and operates 186 units and franchises five units across 36 states.
7 min read · 06 February 2013
3 min read · 06 February 2013
The Carlyle Group has completed its acquisition of the TCW Group. Financial terms were not announced. TCW management and employees will own about 40% of the company on a fully diluted basis. Carlyle's investment in TCW comes from the firm's Global Financial Services Buyouts fund, a $1.1 billion pool, and Carlyle Partners V, a U.S. buyout fund raised $13. 7 billion in 2007.
2 min read · 06 February 2013
Yesterday, Dell announced it was being taken private in a $24.4 billion buyout from Silver Lake Partners and Michael Dell. The deal ranks as the biggest tech LBO ever.
4 min read · 06 February 2013
Ipreo, which is backed by KKR, has acquired Debtdomain. Fiancial terms weren't announced. Debtdomain, which has offices in New York, London, and Hong Kong, provides a web-based system for managing the loan syndication process from pitch to agency.
3 min read · 06 February 2013
