Steve Gelsi

Resource Land Holdings targets $300 mln for fifth fund

Resource Land Holdings plans to raise $300 million for its fifth buyout fund since the Denver-based firm launched in 1998 for opportunistic investments in agricultural, timber and mining properties in the U.S., according to a filing.

Lone Star’s Hanson Building Products to add $240 mln in debt to buy Cretex Concrete

Hanson Building Products will increase its debt by $240 million for its acquisition of Cretex Concrete, a rapid add-on deal inked just a few months after Lone Star Funds purchased Hanson for up to $1.4 billion.

Back to School: White paper touts benefits of PE for retail investors

As big private equity firms such as Apollo Global Management, Blackstone Group, Carlyle Group and Kohlberg Kravis Roberts & Co reach out to individuals on a variety of platforms, buyout pros are spending more time analyzing how to explain and sell the asset class to a new set of investors.

Leveraged debt dries up in energy patch: Updated

With crude oil prices near their lowest level since the 2008 financial crisis, leveraged debt for energy companies tied to the value of assets in the ground is becoming harder to get, an executive in the high yield investment space said.

Ardian hiring up to 12 in Europe for new real estate arm

Ardian plans to hire up to 12 executives in France, Italy and Germany as it gears up for a fundraising push behind its new private equity real estate arm, a key executive said.

Need to Meet: Sylvie Gadant, Partner, Transaction Advisory Services, Citrin Cooperman

As a specialist in due diligence of target companies in sponsored M&A deals, Sylvie Gadant has seen her share of lofty valuations in the lower middle market.

Talking Deal Prices: Blackstone gets 8.25x for Avintiv exit

With equity prices in a tailspin at the end of the summer, Blackstone Group’s decision to scrap an IPO in favor of a sale of materials maker Avintiv to Berry Plastics for $2.45 billion looks pretty smart.

Roads to riches?

LPs have pumped $22 billion into infrastructure funds since 2014, chastened by some big failures following the global financial crisis.

Five Questions with Jim Gasperoni, Partner, FLAG Capital Global Real Assets Program

Five Questions with Jim Gasperoni, Partner, FLAG Capital Global Real Assets Program

Sponsors wary as equity losses extend into September

Huge swings in global equities are expected to cause sponsors to tread more cautiously on acquisitions, initial public offerings and stock sales, while financial forecasters mull the impact of weakness in China’s economy on world growth.