Intermediate Capital Group has hired Adam Goodman as managing director in its New York office, as the firm targets credit investments out of its dedicated ICG North American Private Debt Fund and other pools.
1 min read · 06 August 2015
Welsh, Carson, Anderson & Stowe, the New York-based middle-market shop that focuses on healthcare and business service buyouts, raised $2.7 billion for its 12th fund by adding about $1 billion thus far in 2015, according to filings.
2 min read · 04 August 2015
Sanjay Gupta has joined Caisse de dépôt et placement du Québec in its New York office under the newly-created title of senior director for private equity at the $194 billion public pension fund.
1 min read · 03 August 2015
Isaac Capital recently wrapped up its first leveraged buyout, backed with debt financing from Bank of America, as the firm looks to build up its publicly-traded holding company in the vein of Berkshire Hathaway.
2 min read · 03 August 2015
Oaktree Capital Group said it raised $6.3 billion in new capital in the second quarter, bringing its flagship Oaktree Opportunities Funds X and Xb to $9.4 billion, plus it unveiled plans to launch two new pools aimed at Europe.
2 min read · 03 August 2015
TSG Consumer Partners’s latest portfolio company, Backcountry.com, sells products for outdoorsy types, while its online retailer Revolve sells to upscale, fashion-savvy shoppers seeking the latest apparel and footwear. TSG Consumer plans to grow its investment in Backcountry with some lessons learned from Revolve.
2 min read · 31 July 2015
Apollo Global Management said its flagship buyout fund is about one-third invested or committed less than two years after it closed on $18.4 billion to make it one of the largest private equity pools created following the 2008 financial crisis.
2 min read · 30 July 2015
Boston-based Audax Group has put its acquisitive portfolio company Koda Distribution Group up for sale in a deal that could fetch up to $360 million for the chemical products specialist, according to sources.
2 min read · 30 July 2015
Boston-based Audax Group has put its acquisitive portfolio company Koda Distribution Group up for sale in a deal that could fetch up to $360 million for the chemical products specialist, according to sources. With about $45 million in EBITDA, Koda Distribution Group could draw a purchase price multiple of 7x to 8x EBITDA, a source familiar with the deal said. A separate source familiar with the chemical sector said prices have been choppy in the face of lower commodity prices.
2 min read · 29 July 2015
Carlyle Group drew in $4.7 billion in fresh capital in the second quarter as it closed its fourth Europe fund at its hard cap, and said it is nearly done with its seventh North American real estate fund.
2 min read · 29 July 2015
