Steve Gelsi

Carlyle’s Rubenstein Sees 'More Normal Limit' Of $5B-$7B On Deal Size

Carlyle Group Co-CEO David Rubenstein sees few leveraged buyouts on the horizon above $15 billion, with co-investments from limited partners replacing club deals among private equity firms as the preferred mode for big mergers, he said at the PartnerConnect East conference in Boston on April 3.

Taylor Morrison Steps Up In IPO Parade

TPG Capital, Oaktree Capital Management and JH Investments Inc. are guiding builder Taylor Morrison Home Corp. to an IPO just in time for the traditional spring real estate selling season, as sponsors look to capitalize on the bull market.

AEA Investors Fund V Surpasses Goal By $500M: UPDATED

New York-based AEA Investors LP hit its hard-cap of $2 billion for AEA Fund V, which has shaped up to be the largest fundraising effort in the firm’s 45-year history, two sources told Buyouts.

Newspaper Deals Hit And Miss With PE Firms

While the sale of the parent of the Chicago Tribune is drawing interest from Lee Mitchell, a managing partner of private equity firm Thoma Bravo LLC, a much smaller weekly paper in Boston plans to shut down for lack of a buyer.

KKR, TPG Eye Real Estate Funds In Diversification Move

Kohlberg Kravis Roberts & Co. and TPG Capital reportedly plan to launch real estate funds in the $500 million to $1 billion range, marking fresh moves to diversify into the same sector that’s provided less-than-stellar returns to PE funds after the worst economic downturn since the Great Depression.

Uptick In Chemical Deals Seen; Carlyle, Apollo Big Players

Financial and private equity investors Icahn Enterprises, Apollo Global Management, First Reserve and SK Capital ranked among the top 10 acquirers among the major 2012 deals in the chemical sector, according to a new survey flagging brisk activity in the sector.

Providence Equity Commits $250M From Fund VI For NFL Pact

Providence Equity Partners, in the midst of a new fundraising effort, has committed $250 million to its new, high-profile partnership with the National Football League to invest in sports and entertainment-related media assets, a source familiar with the firm told Buyouts.

Primus Capital's Latest Fund Raises $353M, Beats Target

Primus Capital Partners has closed Primus Capital Fund VII LP with $353 million in commitments, well ahead of the target of $300 million, as the Cleveland-based private equity firm focuses on acquiring growth-oriented companies, recapitialization, buyouts and other financing deals.

Newspaper Deals Hit and Miss with PE Firms

While the sale of the parent of the Chicago Tribune is drawing interest from Lee Mitchell of private equity firm Thoma Bravo LLC, a much smaller weekly paper in Boston plans to shut down for lack of a buyer.

Canadian Pension Plan To Spend $10B In Secondary Market

The Canadian Pension Plan Investment Board, already one of the secondary market’s biggest buyers, has earmarked another $10 billion for the sector over the next five years on the heels of two recent and innovative transactions.