JLL Partners related stories
All articles and analysis
JLL Partners over halfway to Fund VII targetFirm has raised $624.15m, with Rhode Island State Treasury and New Jersey Division of Investment both committing $150m.
Bad headlines shred PE's reputation with public pensionsThe SEC’s exposure of questionable practices by private equity firms has damaged the industry’s reputation among public pensions, said panelists speaking this month at Pension Bridge’s Chicago conference. And that promises to have repercussions.
- PE-backed BioClinica buys MediciGroup
BioClinica Inc, which is backed by Water Street Healthcare Partners and JLL Partners, has acquired MediciGroup, a patient recruitment and retention company. No financial terms were disclosed.
LPs and the importance of robust ESG reviewsIt’s become clear that LPs need to have policies in place to consider environmental, social and governance (ESG) issues when performing due diligence on potential fund commitments.
New Jersey navigates new standards in light of payday loan investmentThe New Jersey State Investment Council will consider new policies to protect its private equity program from certain investments after a JLL Partners fund commitment exposed the state’s $77 billion pension to a payday lender, a practice that is illegal in New Jersey.
- PE-backed Patheon files for IPO
Durham, North Carolina-based Patheon, a provider of outsourced pharmaceutical development and manufacturing services, has filed for an IPO. The number of shares that will be sold as well as the stock's pricing terms have yet to be set. J.P. Morgan, Morgan Stanley, Jefferies and UBS are serving as the lead underwriters. Patheon is owned by JLL Partners and Royal DSM.
Canadian-born Patheon to return to public ownershipPatheon, a provider of outsourced pharmaceutical development and manufacturing services that was founded in Canada in 1974, has filed with the U.S. Securities and Exchange Commission to launch an initial public offering. The terms of the offering have not yet been determined. Last year, Patheon was taken private /canada/2014/03/11/patheon-take-private-deal-closed-company-forms-part-of-jll-controlled-dpx/ by U.S. private equity firm JLL Partners, a backer of the company since 2007, and Dutch food and chemicals group Royal DSM. The deal valued the business at US$1.4 billion. Patheon was listed on the Toronto Stock Exchange until March 2014.
- Sun Capital exits Point Blank
Sun Capital Partners has sold its stake in Point Blank Enterprises to JLL Partners. No financial terms were disclosed. Based in Pompano Beach, Florida, Point Blank is a maker of ballistic and soft armor systems.
Buyouts Snapshot: NJ explores exit of JLL fund with stake in payday lenderThe New Jersey State Investment Council tasked Director Chris McDonough to explore an exit of the state pension system’s commitment to a JLL Partners fund that owns payday lender ACE Cash Express.
New Jersey goes big with Och-Ziff, commits to TPG and RRJThe New Jersey Division of Investment will move forward with more than $1 billion of commitments involving separate accounts for private equity, credit and real estate strategies, State Investment Council chairman Tom Byrne said at the council’s May 27 meeting.