Private Equity
What's the hottest topic at the Buyouts Dallas conference? It's not the fiscal cliff or the lack of M&A but a private equity firm: EnCap Investments. EnCap, which focuses on oil and gas, is out fundraising for its latest fund, LP and placement sources say. The pool, EnCap energy Capital Fund IX, has a $4.25 billion target and a $5 billion hard cap, sources say.
1 min read · 14 November 2012
The presidential election is finally over and Kevin Conway, Clayton, Dubilier & Rice's managing partner, says he's happy we don't have to talk about it anymore. The private equity industry can go back to business as usual, says Conway, who spoke Tuesday at the Buyouts conference in Dallas. The presidential election, which saw Bain Capital co-founder Mitt Romney lose to Barack Obama, didn't intrude on private equity "doing what we do," he says.
2 min read · 13 November 2012
LiveU said Monday it raised $27 million in funding led by Lightspeed Venture Partners. Existing investors such as Canaan Partners, Carmel Ventures and Pitango Venture Capital also participated. LiveU, which provides portable video-over-cellular services, has raised around $50 million.
3 min read · 13 November 2012
To end your week, iPhone 5 having swipes issues, CIA director David Patraeus steps down and Linda McMahon talks about her recent senate run.
1 min read · 09 November 2012
As expected, ABRY Partners has acquired Confie Seguros. Boston-based ABRY Partners is buying the majority stake held by Genstar Capital. Financial terms of the transaction, which closed Nov. 9, weren't announced. RBC Capital Markets and GE Capital provided debt financing.
2 min read · 09 November 2012
Thoma Bravo said Friday it has acquired Crossbeam Systems. Financial terms weren't announced. Boxborough, Mass.-based Crossbeam provides network security solutions.
2 min read · 09 November 2012
To end your Thursday, we have Google expands its venture fund, Priceline to buy Kayak and New York City begins rationing gas.
1 min read · 08 November 2012
The biggest issue facing financial services M&A isn't the lack of financing or the pending fiscal cliff. Finding good people to manage businesses is the biggest problem in financial services, according to executives at the Financial Services M&A Symposium
1 min read · 08 November 2012
Private equity executives may not be all that happy with President Obama's reelection but his win does provide one thing: predictability. "We know what to expect, what is going to be for the next couple years," says Spencer Hoffman, an MD at Lovell Minnick Partners, at the Financial Services M&A Symposium.
2 min read · 08 November 2012
Consolidated Precision Products Corp., which is backed by Warburg Pincus, said Wednesday that it has agreed to buy Turbine Technologies Group. ESCO Corp. is the seller. Financial terms were not announced. Warburg said it plans to invest additional capital into CPP to assist in financing the deal. Pomona, Calif.-based CPP makes highly-engineered components and sub-assemblies for the commercial aerospace and defense markets. Lazard advised CPP while Goldman Sachs provided financial advice to ESCO.
3 min read · 08 November 2012
