Private Equity
HGGC’s pending acquisition of a controlling stake in Serena Software for an undisclosed sum marks the Palo Alto, California-based buyout firm’s first platform deal from HGGC Fund II LP, its buyout fund that is currently in the market.
2 min read · 10 March 2014
Arsenal Capital Partners bought Danlin Industries from Hastings Equity Partners for an undisclosed sum as its second oil-services deal in March after the New York-based buyout shop moved to acquire specialty chemicals firm Kel-Tech, according to a person familiar with the firm.
1 min read · 10 March 2014
Energy & Minerals Group, the Texas-based private equity shop led by John T. Raymond, is expected to hit the $3.5 billion cap for Energy & Minerals Group Fund III in the second quarter, as it invests in the emerging Utica shale oil region of Ohio, according to a person familiar with the fund.
2 min read · 10 March 2014
With about two-thirds of GDP tied to consumer spending, sponsors and their limited partners can’t ignore the roughly $12 trillion spent by U.S. households each year on consumer goods and services.
8 min read · 10 March 2014
The Illinois Municipal Retirement Fund OK’d $250 million in fresh commitments to new private equity funds from Vista Equity Partners, ABRY Partners, Valor EquityPartners and other GPs as the $32 billion retirement system moves to meet its target allocation for alternatives.
2 min read · 06 March 2014
Varsity Healthcare Partners has raised at least $200 million from large family offices and is nearing its first acquisition since the firm was founded in late 2012 by veterans of Aurora Capital Group and Fenway Partners, according to two sources familiar with the firm.
1 min read · 06 March 2014
Kohlberg Kravis Roberts & Co closed its KKR Energy Income and Growth Fund I with $2 billion in commitments, the latest in a string of fundraising successes for the New York-based buyout titan.
1 min read · 05 March 2014
Oaktree Capital Management has set plans to raise its fourth mezzanine fund in a robust environment for the asset class as the Los Angeles distressed asset investor moves toward the end of the investment period for its fund series predecessor, Mezzanine Fund III.
2 min read · 05 March 2014
Caesars Entertainment Operating Co will raise much-needed cash in the $2.2 billion sale of casinos to its majority-owned affiliate Caesars Growth Partners. But Moody’s said it may downgrade the company’s sizable debt load on the loss of EBITDA from the four properties included in the transaction.
2 min read · 05 March 2014
Castlelake LP, which changed its name from TPG Credit Management LP just last year, hit the $1.4 billion hard cap for Castlelake III LP, the firm’s largest private equity fund and its first as an independent distressed debt and aviation finance specialist.
1 min read · 04 March 2014
