Audax Group related stories
All articles and analysis
Brazos wraps up debut fund with 3.7x exitThe firm has sold food distribution business Strategic Equipment and Supply Corporation, the ninth and final investment from its debut fund that collected $250m in 2000.
- Blackstone’s GSO to lose a senior leader
Senior managing director Timothy White will transition out of GSO after the group eliminated its ability to make private equity investments in its second mezzanine fund.
- Audax hits $1.25bn hard-cap for Fund IV
The lower mid-market firm exceeded its $1bn target by raising capital primarily from LPs in North America, Europe and Australia.
- Direct-focused OMERS opens in New York
The C$53bn pension system has been expanding its reach beyond Canada as it works to become a direct private equity investor, moving away from making external fund commitments.
- OMERS bets on US dental services
OMERS Private Equity has purchased Michigan-based Great Expressions Dental Centers, a ‘recession resistant’ business, according to the Toronto-based pension.
- Alaska to spend $850m on private equity
The state’s $35bn oil and gas endowment plans to commit $600m of fresh capital and $250m left over from last year.
- Alaska makes $500m in mezzanine commitments
The $34bn oil and gas endowment will commit $250m each to mezzanine funds run by Oaktree and Audax.
- Private equity mid-market to see impact if CIT falls
The US mid-market lender, with more than $60bn of assets, has served as an important source of debt for private equity firms that operate in the mid-market.
- Buyout veterans among Madoff victims
Audax co-founders Marc Wolpow and Geoffrey Rehnert lost a ‘painful’ amount of personal money, while a Thomas H Lee-controlled fund of hedge funds had invested an undisclosed amount with Madoff Investment Securities.
- Audax buys security company from DFW consortium
The mid-market specialist has purchased Southern California-based Andrews International, which provides uniformed security and investigatory services to a range of industries. DFW, Meridian Venture Partners and Theo Capital Partners purchased the company in 2004.