Welsh, Carson, Anderson & Stowe related stories
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Roberts joins Pritzker Group Private CapitalPritzker Group Private Capital said Jan. 25 that Ryan Roberts has joined as investment partner and co-head of the group’s growing services team. Most recently Roberts was a director on the technology, media and telecom services team for Madison Dearborn Partners.
Clairvest scores big wins with Cieslok exit, Rivers Casino recapClairvest Group is seeing a lucrative payday following its sale of a Canadian out-of-home advertising business and the refinancing of a U.S. casino. This month Clairvest sold Cieslok Media, a Toronto operator of large-format digital and static billboards. The sale was preceded by a US$600 million recapitalization of Rivers Casino, a Des Plaines, Illinois, gaming and entertainment complex backed by Clairvest. These two deals, occurring a month apart, brought realized returns of Clairvest Equity Partners IV to 5.4x of invested capital and an IRR of 49 percent.
- Welsh Carson partner joins Carlyle as MD – Exclusive
Tony Ecock, who had been at Welsh, Carson, Anderson & Stowe for almost 10 years, will join four other NY-based managing directors in Carlyle’s Equity Opportunity Fund team.
- New State Capital fund closes at $131 mln
New State Capital Partners said Oct. 6 that its first institutional investment fund has closed with $131 million in committed capital. New State Capital Partners Fund LP will target investments in the healthcare services, business services, and industrials sectors. Steve Larned has also joined New State as a partner. Larned was previously a Senior Operating Executive at Welsh, Carson, Anderson & Stowe.
- Firms must be more critical of fees, expenses practice
Private equity firms should go beyond enforcement cases and speeches and look internally to identify problems that could arise during an SEC inspection, said the Commission’s Igor Rozenblit.
- PE-backed Quickbase appoints new CFO
Cambridge, Massachusetts-based Quickbase, a low-code application development provider, has hired Matt Hoogerland as its chief financial officer. His appointment becomes effective immediately. Hoogerland is a former CFO at Ozburn-Hessey Logistics. Quickbase is backed by Welsh, Carson, Anderson & Stowe.
- Welsh Carson holds final close on $3.3bn for 12th fund - exclusive
The firm exceeded its $3bn target and committed 5% to the fund.