Private Equity
If your idea of a reasonable price for a technology company these days is 10x to 12x EBITDA, you may be in for some sticker shock. At first blush, Vista Equity Partners’s deal to buy Active Network last year for $1.05 billion appeared to be more than twice that level, although one could argue the price was far less.
2 min read · 03 March 2014
Four senior GPs said middle-market players facing high auction prices for deals in 2014 are focusing on harvesting companies, building expertise and relationships in market niches to outflank rivals and stepping up growth efforts through add-on deals.
2 min read · 28 February 2014
LPs may see improved investment prospects in venture capital and distressed debt funds over the next 12 to 18 months, while the potential returns of large European buyout funds may take a step up, according to an annual tactical summary by TorreyCove Capital Partners.
2 min read · 27 February 2014
Newly-formed private investment firm Squire Ridge Co, founded by MCM Capital Partners veteran Steven Ross, has closed its first deal by teaming up with Chicago-based Isleworth Capital Partners and Omni Investors Group to recapitalize Dutchland Plastics Corp, a manufacturer with more than $20 million in revenue and 200-plus employees. Terms of the transaction were not disclosed.
2 min read · 26 February 2014
2 min read · 26 February 2014
The California State Teachers Retirement System channeled $950 million into private equity investments in the fourth quarter, with a $250 million pledge to Carlyle Group’s flagship Carlyle Partners VI LP marking the largest single commitment, according to a report released this week.
2 min read · 26 February 2014
Intervale Capital closed its third fund aimed at the robust oilfield services arena at $495 million in less than five months, well above its $400 million target, with plans to make seven to nine platform investments from the new pool, and possibly add some new hires.
2 min read · 25 February 2014
Elliot Royce, a long-time private equity executive at AlpInvest and Allianz Private Equity Partners, has launched Royce Alpha Advisors with two clients signing on, Kelso & Co and young venture capital firm, Innovation Access.
1 min read · 25 February 2014
The State of Illinois has committed $100 million to Morgan Creek’s latest venture capital fund-of-funds, with the pension system serving as an anchor for the pool to be managed by a new group within the firm under the name of Union Grove Partners, according to a source.
1 min read · 24 February 2014
Brazil’s role in this year’s global equities sell-off isn’t derailing Patria Invesimentos.
7 min read · 24 February 2014
