The Carlyle Group will book a roughly 4x return on the sale of Service King Collision Repair Centers to The Blackstone Group in a deal that could brighten the fundraising prospects for its mid-market buyout fund series.
2 min read · 24 July 2014
1. Some of the loftiest valuations are being paid in the technology, media and telecommunications (TMT) sector right now—upwards of 10x to 15x EBITDA in many cases. Is this going to end badly?
4 min read · 24 July 2014
Paul Carbone of Pritzker Group threw a bit of cold water on enthusiasm for co-investments in private equity, arguing that direct investments offer a better fit outside conventional fund structures, at least for family offices.
1 min read · 23 July 2014
Goldman Sachs Group trimmed $1 billion in the first half of the year from alternative funds subject to the Volcker Rule, bringing the total figure down to $8 billion, according to recent comments by the marquee investment bank and private equity fund manager.
2 min read · 23 July 2014
Avista Capital Partners plans to hire long-time oil and gas executive Graham Whaling to boost its dealmaking firepower in the energy sector, according to a person familiar with the firm.
2 min read · 23 July 2014
Dyal Capital Partners has disclosed $837 million in commitments for three private equity pools related to Dyal Capital Partners II, which won pledges from public pension funds in New Jersey and Alameda County, California.
2 min read · 23 July 2014
Bain Capital LLC held a first close for Bain Capital Europe Fund IV LP at $2.8 billion, only about $600 million shy of its target for the fund, marking the latest multi-billion dollar pool from the firm.
3 min read · 22 July 2014
As sponsors embark on more public-style merger terms in private transactions, where representations don’t survive closing and there is no indemnity, Joseph Ehrlich of insurance broker Owens Group has seen higher demand for products to eliminate the need for escrow payments.
2 min read · 22 July 2014
Tower Arch Capital, a Utah-based buyout shop aimed at founder- and family-owned businesses in the lower middle market, has closed its debut fund at $272 million after the firm was co-founded by four HGGC alumni.
2 min read · 21 July 2014
U.S. sponsors tallied up more closed deals in the second quarter than a year ago as the sustained economic recovery and strength in the credit markets created a mood to merge.
7 min read · 14 July 2014
