Castle Harlan related stories
All articles and analysis
Friday Letter When is a flip too quick?A dispute over a private equity firm selling a business within hours of buying it came to court in Australia this week. The outcome may be significant.
- Operating Partners Forum: LPs demand value-add details
Fund managers are increasingly expected to explain precisely how they created operational value in portfolios, according to speakers and delegates at PEI’s 2012 Operating Partners Forum.
- When is a flip too quick?
A dispute over a private equity firm selling a business within hours of buying it came to court in Australia this week. The outcome may be significant.
- Castle Harlan in $110m deal
Working with a former portfolio company of its Australian affiliate, the New York-based private equity firm has picked up AmeriCast Technologies.
- Mining company sues Castle Harlan
A $25m lawsuit against Castle Harlan claims the firm engaged in ‘fraud’ and ‘unjust enrichment’ for its ‘quick flip’ of Australian mining company Norcast last year.
- Airline bankruptcy includes unfunded commitments
The bankrupt parent company of American Airlines had $389m-worth of unfunded exposure to private equity funds as of 31 December. It’s not clear if the company will continue to meet capital calls through bankruptcy proceedings.
- Pala moves closer to lawsuit with Castle Harlan
Pala Investments portfolio company Norcast is engaged in pre-litigation procedures regarding Castle Harlan’s $218m sale of Norcast Wear Solutions in July.
- Canadian buyouts shift to smaller deals
Investment activity in Canada was marked by a drop in both deal flow and transaction values during the third quarter, according to Canada's Venture Capital & Private Equity Association.
- Castle Harlan promotes two
The firm has promoted Anand Philip (pictured) to managing director and Joyce Demonteverde to vice president. The moves come as Castle Harlan prepares to defend its quick flip of Norcast.
- Castle Harlan holds company for one day
The mid-market investor has sold Canadian mining company Norcast Wear Solutions for $218m after purchasing the company the day before for $190m.