Private Equity
Genstar Capital LLC continues to sift for deals to build out its platform investment in insurance agency Acrisure after the San Francisco-based buyout shop exited rapidly growing broker Confie Seguros in a deal with ABRY Partners late last year.
2 min read · 17 June 2013
An estimated two-thirds of buyout-backed tech and health care acquisitions from the go-go year of 2007 are still held in portfolios, making them prime opportunities to exit for financial sponsors with cash-hungry limited partners.
7 min read · 17 June 2013
HGGC, the Palo Alto, Calif.-based technology services specialist formerly called Huntsman Gay Global Capital, plans to begin fundraising its second buyout fund in the fall, having recently wrapping up the 28th investment from its 2008 vintage fund with a deal for MyWebGrocer, according to a source familiar with the firm.
2 min read · 13 June 2013
Some initial public offerings are hitting a snag over price triggers to convert preferred stock held by buyout shops into common stock, but the problem could be fixed with new pre-agreement contract language, a corporate lawyer for private equity firms told Buyouts.
2 min read · 13 June 2013
Coty Inc is on deck this week to raise as much as $1.2 billion in its initial public offering from sponsors the Reimann family of Germany, Berkshire Partners, and private equity firm Rhone Group.
2 min read · 10 June 2013
New York-based Mercury Capital Advisors has opened its first office in San Francisco, as the placement firm that spun out of Bank of America in 2009 continues to bulk up its staff to address a more aggressive fundrasing environment.
1 min read · 07 June 2013
The Valence Group’s Anton Ticktin, who’s been focused on mergers and acquisitions in the chemical sector since the late 1990s, ranks 2013’s deal prospects as bullish, with major private equity players wading in.
2 min read · 06 June 2013
Standard & Poor’s cut its debt rating on Bain Capital portfolio company Guitar Center Holdings Inc. as the music retailer purchased during the height of the 2007 buyout boom struggles with “weak operating trends.” S&P reduced its rating on the Westlake Village, Calif.-based company, including its corporate credit rating, to ‘CCC+’ from ‘B-‘.
4 min read · 05 June 2013
TZP Group Inc., a mid-market buyout shop focused on U.S.-based consumer and business service companies, has raised $180 million toward a $300 million target for its second fund, TZP Capital Partners II LP, according to a filing with regulators.
1 min read · 04 June 2013
Paul Capital Partners has raised $145 million out of a target of $2 billion for its core Paul Capital Partners X LP secondary fund, one year after the fund’s first Form D filing with regulators.
3 min read · 03 June 2013
