Johnny Randel has joined private equity advisory StepStone Group as chief financial officer and chief operating officer. He previously was with Citi Private Equity, and will work out of StepStone's new office in New York City.
3 min read · 24 February 2010
Evercore Partners (NYSE: EVR) has acquired "key assets" of Neuberger Berman's private funds placement group, which is headquartered in London. No financial terms were disclosed, except that the transaction includes possible earnout payments.
3 min read · 24 February 2010
Alibris Inc., an Emeryville, Calif.-based online marketplace for new and used books, has acquired Monsoon, a Portland, Ore.-based marketplace selling solutions company, for an undisclosed amount of cash and stock. Oak Hill Capital, which acquired Alibris in 2006, and Square 1 Bank helped finance the transaction.
3 min read · 24 February 2010
3 min read · 24 February 2010
1 min read · 24 February 2010
1 min read · 24 February 2010
1 min read · 23 February 2010
Eureka Growth Capital recapitalization of Total Military Management, a Jacksonville-based business process outsourcing company focused on the U.S. military. Madison Capital Funding LLC provided senior debt and an equity co-investment to facilitate the recapitalization.
2 min read · 23 February 2010
Bankrupt lodging chain Extended Stay America Inc said investment firms Centerbridge Partners LP and Paulson & Co Inc agreed to invest up to $450 million in the company once it exits Chapter 11. In a filing on Friday, Extended Stay said Centerbridge and Paulson would invest $225 million in equity and will backstop a $225 million rights offering.
1 min read · 23 February 2010
FleetPride, Inc., an aftermarket distributor of heavy-duty truck and trailer parts backed by Investcorp., acquired the assets of Mandal Truck and Trailer, Inc. in Lathrop, California. The deal is FleetPride's 14th acquisition since Investcorp purchased the company from Aurora Capital Group and Brentwood Associates in 2006 for $506 million. Bank of America also participated in the deal, which included $160 million term loan B, a $40 million first lien revolver, and $150 million senior bridge loan.
2 min read · 23 February 2010
