Madison Dearborn Partners related stories
All articles and analysis
Catalyst, RIT exit MessageLabs in £397m saleCatalyst Investors and RIT Capital Partners have exited their 19 percent stake in the UK online security group following its sale to Symantec.
- AIG’s $30bn alternatives business hangs in balance
As the US insurance giant struggles to raise capital, the fate of the firm’s substantial private equity business remains uncertain. AIG Investments has not been placed for sale as part of its parent’s capital raising measures.
- Madison Dearborn exits dredging company
The US private equity firm will relinquish its remaining 24 percent stake, currently valued at roughly $103 million, in NASDAQ-listed Great Lakes Dredge & Dock. The Illinois-based dredging company was acquired by Madison Dearborn for $340m in 1998.
- American Capital posts $120m in gains from exit
The listed alternatives firm has exited it June 2006 investment in cable box company Contec to Bain Capital Partners for a reported $525m.
- Linden picks up divested healthcare company
The First Chicago Equity Capital spin-out has acquired the MedSystems business of Ohio-based Cardinal Health. Cardinal last year sold a unit to The Blackstone Group for $3.3bn.
- TXU sells $1.25bn stake in electricity distributor
TPG, Kohlberg Kravis Roberts and Goldman Sachs have sold a minority stake in the electricity distribution arm of portfolio company Energy Future Holdings, formerly TXU. The sale is the first since the record $45bn buyout closed in October 2007.
- Moelis hires ex-Fortress executive ahead of fund close
The boutique investment bank founded by UBS veteran Ken Moelis has added Fortress managing director Greg Share to its private equity team. The firm’s debut fund, which held a first close on $1.8bn last September, will complete fundraising in ‘the next few months’.
- Madison Dearborn portfolio company files for bankruptcy
Pierre Foods has obtained $35 million of debtor-in-possession financing from distressed debt specialist Oaktree Capital Management to continue operations during restructuring.
- Bell seals deal
After months of negotiations which were threatening to tip into legal action, Bell Canada has struck a $50bn deal with its banks to get its buyout away.
- S&P: PIK-toggle notes may be harmful to debt-holders
PIK structures, frequently found in LBO-related debt offerings and currently being exercised by firms including KKR, Bain and Permira, may be staving off inevitable default to the detriment of debt-holders, according to Standard & Poor’s.