Sterling Partners

Private equity pair team up with asset manager Longview and Sterling portfolio company Innotrac in agreement to acquire eBay e-commerce unit

The education sector is ripe with attractive businesses that perform well throughout market conditions, says principal at Sterling Partners Kim Vender Moffat.

The mid-market firm is targeting growth-oriented companies in the business services, healthcare and education sectors.

Michael Williams led Fannie Mae through its government conservatorship following the US mortgage crisis.

The New York firm has invested in Remedi SeniorCare, a Sterling Partners portfolio company, on the heels of closing its latest fund at $4.25bn.

US mid-market firm Sterling Partners will look to raise 20% more than its previous fund, which closed on $1bn in 2007 following just six months of marketing.

The firms will pay C$8 per unit for the company, which provides custom brokerage, transportation and logistics services.

Shifting to this strategy used to be seen as a failure, but an early flow of carry can be very attractive.

Adding operational focus to the deal team is an essential part of designing a value creation plan.

The US investment arm of ORIX Corporation, which currently operates on a deal-by-deal basis, seeks to launch its first vehicle in the next year and will invest up to $500m per transaction.

This year was a rollercoaster year punctuated by uncertainty related to geopolitical events, while the US private equity market saw elevated valuations and increasing dry powder.

The firm has upped its four-person team with four additional new hires as it invests its debut fund that closed on $460m two months ago.

Blackstone and Goldman Sachs Merchant Banking-owned portfolio company team up to acquire private capital data provider to tap into the need for greater reporting transparency

Exit environment and value creation concerns have prompted the Montana Board of Investments to refocus its private equity programme toward the lower and mid-market.

The Washington, DC trade group has more than doubled its membership to include mid-market firms, and has created a committee to consider issues relating to the small and mid-market.