Irving Place Capital

Former Emerson Electric CFO Walter Galvin will work with portfolio companies and find new investments in the industrial and packaging industries.

The New York firm has restructured its third fund into a $1.5bn vehicle, offering the same terms to LPs that rolled over their interests.

Carlos Cardoso will round up new industrial sector transactions.

The firm will sell industrial manufacturer Victor Technologies for $947m.

The US firm has bought the packaging business from Irving Place and Oaktree, four years after the company filed for bankruptcy.

Gwyneth Ketterer, one of the highest ranking women in private equity, will leave her post as COO at Irving Place Capital, formerly Bear Stearns Merchant Banking.

Trouble in the retail sector presents opportunity, with 'some of the greatest fortunes' due to be made by savvy investors over the next year, according to John Howard, CEO of Irving Place Capital, formerly Bear Stearns Merchant Banking.

The private equity firm, which will be called Irving Place Capital, spun out of collapsed investment bank Bear Stearns following its acquisition by investment bank JPMorgan.

What’s right for one portfolio company may not be right for another, but there are several common operational levers private equity firms can employ to jump-start growth and enhance returns.

Ashley Johansen, who led the secondaries firm's fundraising team for three years, has joined the mid-market buyout firm after a brief stint at Irving Place Capital.

The foundation alleges former Park Hill managing director lied about an investment relating to the restructuring of an Irving Place Capital fund.

Former Park Hill and Coller executive Andrew Caspersen allegedly created a fake credit facility to support a real stapled secondaries transaction, according to the US Department of Justice’s complaint.

There has been a pronounced increase in the number of dividend recapitalisations as firms seek alternative means to realise value from their investments, according to a Moody’s report.

Firms need to make sure the right management team is in place at portfolio companies and awareness is growing of the importance of human capital professionals to accomplish those evaluations.

Even though cutting costs can improve portfolio company performance, doing so without consideration of product quality can damage a business’s reputation.

Despite $385bn in dry powder, a weak exit environment does not bode well for private equity managers stuck with unrealised, pre-crisis assets, according to Vestar founder Norman Alpert.