Oak Hill Capital related stories
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Firms Sink $103M Into United Western Bancorp RecapPrivate equity shops Oak Hill Capital Management and Lovell Minnick Partners have invested the bulk of a $103 million recap for United Western Bancorp. The two firms each put $47 million into the Denver-based company, and will each own a 23% stake. An additional $9 million came from entities controlled by Henry Duques, former CEO of First Data, who will hold a 5% stake. United Western Bankcorp aims to raise a total of $200 million.
- SVTC Technologies LLC Names Ajit Manocha To Its Board
SVTC Technologies LLC, a San Jose, Calif.-based commercialization service provider, named Ajit Manocha to its board. Mr. Manocha was Spansion Inc.’s executive vice president of worldwide operations and a member of the executive management board. SVTC's investors include Oak Hill Capital Partners and Tallwood Venture Capital.
- A Boutique Life: 6Pacific Deals with Crowded Market
The recession was kind to banker John Barrymore. The recovery has been tougher. Barrymore, former head of the food and beverage group at BMO Capital Markets, co-founded 6Pacific Partners just as Wall Street was imploding. The goal was to provide M&A advisory services and equity capital (between $1m-$5m) to companies in the food, beverage, nutrition and consumer space. And there was plenty of work. “When we started there weren’t many other boutiques, because people were making so much money at big banks,” Barrymore explained. “[Plus], no one has an advisory business focused on large consumer companies combined with an equity vehicle focused on small companies.”
- The Year's 5 Best (and 5 Worst) Performing VC-Backed IPOs
Venture capitalists brought 26 companies to U.S. public markets in the first half of 2010, raising billions of dollars. Unfortunately, the majority of those companies are now trading below their offering price (16 of them, to be exact), with average performance at a pathetic -9.14 percent. So I figured it was time to take a quick look at the best performers, and the worst. Particularly notable is that four of the five top performers are based in China (but priced here). Get them after the jump...
- PE Firms Pump $750 Million into Aircraft Leasing Co Avolon
Avolon, an aircraft leasing company, has raised $750 million in equity commitments from Cinven, CVC Capital Partners and Oak Hill Capital Partners,. It also has secured a $400 million warehouse debt financing facility.
- VC-Backed IPO Pipeline Remains Full
Chipmaker Wintegra filed for an IPO on Friday, making it the sixth VC-backed company to do so since we last looked /68783/vc-backed-ipo-pipeline-keeps-growing/ at the VC-backed IPO pipeline. The other newbies were Ellie Mae, RealPage, Tangoe, Amysis Biotech and Neophotonics). There also have been five VC-backed companies that went public during that time period -- Convio, Alpha & Omega, Codexis, Alimera Biosciences and SPS Commerce -- and one that canceled its offering (Telegent). That means the VC-backed IPO pipeline remains static with 42 registrants, although the net targeted raise increases by $36 million. Overall, VC-backed companies in registration to go public are aiming for more than $4.6 billion. Get full pipeline after the jump...
- Oak Hill Buying Hillman for $815 Million
Oak Hill Capital Partners has agreed to acquire The Hillman Companies Inc. from Code Hennessy & Simmons, Ontario Teachers’ Pension Plan and certain members of company management. The deal is valued at $815 million, with Hillman's publicly traded trust preferred securities to remain outstanding on the NYSE-AMEX. Hillman is a Cincinnati-based distributor of hardware items to retail customers.
- Oak Hill Capital Buying ViaWest
Oak Hill Capital Partners has agreed to acquire ViaWest Inc., a provider of mission-critical technology infrastructure services, from Trinity Equity Investors, Goldman Sachs and Quilvest. No financial terms were disclosed.