Newly launched CenterOak Partners LLC is offering prospective LPs a long deal history mostly from the industrial sector as the mid-market buyout firm spins out from Brazos Private Equity Partners.
2 min read · 12 September 2014
Leonard Green & Partners’s recently acquired portfolio company Mister Car Wash holds a formidable market position that may help offset its initially weak credit profile, although its leverage may reduce over the next 12 to 18 months, Moody’s analysts said.
2 min read · 12 September 2014
Altamont Capital Partners has beefed up its operating team with an eye on more financial services deals by hiring a veteran of Legg Mason and Prudential Investments, as the spin-off of Golden Gate Capital moves to deploy its sophomore private equity fund that closed earlier this year.
2 min read · 11 September 2014
Carlyle Group co-CEO David Rubenstein said leverage in private equity deals is nearly as high today as it was in 2007 and 2008, but lower interest rates make the trend less of a worry, while the deal environment remains flat because of a lack of targets and high stock prices.
2 min read · 11 September 2014
Insignia Capital Group, the California-based buyout shop led by David Lowe, co-founder of Friedman Fleischer & Lowe, has told investors it is nearing the finish line on its $350 million inaugural fund, Insignia Capital Partners LP, a source familiar with the firm said.
1 min read · 10 September 2014
EnCap Energy Infrastructure Fund, the 2009 vintage debut fund from EnCap Flatrock Midstream LLC, rang up an IRR of 45.96 percent as of Dec. 31, well ahead of the 22.1 percent IRR threshold to qualify as top quartile, according to an analysis of pension fund data by Buyouts. Billy Lemmons, managing partner of EnCap Flatrock Midstream, answered questions about the fund in an email.
3 min read · 09 September 2014
TPG Capital has launched formal fundraising for TPG Partners VII with a target of $8 billion to $10 billion and management fee discounts of up to 25 percent for the largest and earliest LPs in the buyout pool, but people with knowledge of the firm are mixed on how quickly the marquee buyout shop will wrap up the effort.
3 min read · 09 September 2014
Swander Pace Capital has closed its sale of over-the-counter pharmacy products maker Insight Pharmaceuticals to Prestige Brands for $750 million after growing the over-the-counter owner drug store maker’s revenue by 2.5x in five years.
1 min read · 08 September 2014
ABRY Partners has been cleared by the Federal Trade Commission to buy privately held Kore Wireless using its 2011 vintage fund, ABRY Partners VII LP, in the midst of a fundraising effort by the Boston firm.
2 min read · 04 September 2014
Baird Capital’s lead healthcare executive sees opportunities in the sector for deals as the firm plans to finish investing its $300 million Baird Capital Partners V fund in the next 12 months.
2 min read · 04 September 2014
