While debt-to-EBITDA multiples have drawn attention for reaching lofty levels during this time of relatively easy credit and ample dry powder, Golden Gate Capital’s buyout of Angus Chemical Co from Dow Chemical Co lands more or less in the middle of the fairway.
3 min read · 26 January 2015
Private equity firms have stepped up deal talk around capital infusions and asset purchases in the energy sector as oil prices continue to drop. But merger announcements and initial public offerings remain off the table for now as buyout pros wait out disruption caused by the lowest crude levels since the wake of the 2008 financial crisis.
7 min read · 26 January 2015
3 min read · 26 January 2015
Cerberus Capital Management, the distressed investment specialist with $25 billion under management, is mulling a fundraising effort for its sixth flagship fund as early as this year, according to two sources.
4 min read · 26 January 2015
Stabilis Capital Management has raised $351 million for its fourth fund, which is targeting $600 million.
1 min read · 23 January 2015
3 min read · 21 January 2015
Kohlberg Kravis Roberts & Co’s second special situations fund is expected to be oversubscribed, according to a source.
2 min read · 21 January 2015
Three buyout-backed oil and gas exploration and production (E&P) companies drew debt downgrades as Standard & Poor’s Ratings Services weighed the impact of lower oil prices on 23 U.S. names in the energy patch.
2 min read · 20 January 2015
Goldman Sachs ended 2014 with about $8 billion in private equity investments subject to the Volcker Rule, as CFO Harvey Schwartz praised regulators for allowing an extension that will help firms avoid a “fire sale” of assets.
2 min read · 19 January 2015
Five Point Capital Partners, a Texas firm specializing in energy infrastructure assets, sees enough deal potential during the current period of depressed oil and natural gas prices to deploy its new $450 million fund in as little as two years.
2 min read · 16 January 2015
