Private Equity
Insight Equity Holdings LLC, the Texas-based mid-market private equity and growth capital firm, has raised $309 million toward a target of $750 million for Insight Equity III LP, according to a Form D filing.
2 min read · 31 December 2013
Affinion Group Holdings has named restructuring expert Skip Victor to its board, recruited a new CFO from Madison Square Garden Co and drew a debt downgrade to ‘selective default’ as the Apollo Global Management and General Atlantic-owned marketing firm faces pressure on its domestic membership business.
5 min read · 23 December 2013
Charlesbank Capital Partners has exited precision manufacturer Tecomet after boosting the portfolio company’s EBITDA by nearly 3x, with buyer Genstar Capital taking aim at further expansion.
1 min read · 23 December 2013
Dry powder abounds. So where is the explosion of deals?
8 min read · 23 December 2013
Sun Capital Partners Inc ’s exit of North Carolina-based yarn maker Frontier Spinning Mills to American Securities earned it a return of 4.5x, according to a person familiar with the firm. The deal puts Sun Capital over the $1 billion mark in realizations to LPs for the first time in a single year.
2 min read · 20 December 2013
Seeking to boost its holdings in more liquid asset classes, the Municipal Fire & Police Retirement System of Iowa has cut its target allocation to private equity to 15 percent from 20 percent of the $2 billion retirement system.
1 min read · 20 December 2013
Level Equity Management LLC, founded in 2009 by two alumni of Insight Venture Partners, has closed its sophomore growth equity fund with $255 million in commitments just two years after wrapping up its inaugural private equity vehicle, according to a statement from the New York-based firm.
2 min read · 19 December 2013
HGGC’s $725 million deal to buy the warranty repair unit of contract electronics manufacturer Jabil Circuit Inc ranks as the firm’s largest add-on deal in its history as it builds up its iQor Holdings Inc platform to about $1.5 billion in revenue after the transaction closes.
2 min read · 19 December 2013
New MainStream Capital, a specialist in equity investments and leveraged buyouts of middle-market companies, has reached a first close for New MainStream Partners Fund II on its way to a $250 million target, three years after its spin-out as a group of portfolio companies from the Goldman Sachs Merchant Banking unit, according to a person familiar with the firm.
2 min read · 17 December 2013
Trivest Partners LP has closed the acquisition of a unit of Niagara Conservation Corp as an add-on for its AM Conservation Group platform, in a move aimed at building a market leader in the estimated $100 million niche business of providing products to utility companies that save water and electricity.
1 min read · 13 December 2013
