Commentary

J.C. Flowers sends out 'teasers' for Ascensus auction

J.C. Flowers & Co has sent out nondisclosure agreements to potential buyers of retirement plan provider Ascensus Inc., several sources said.

Two PE firms fight for Comdata's SVS

Two bidders remain for Stored Value Solutions (SVS), the gift card provider that is being sold by Comdata Inc, three sources said.

NGP invests in Springbok Energy, which seeks $100 mln fund

Natural Gas Partners has invested in Springbok Energy Partners LLC, which is hitting the market with its next fund.

Do LPs lose in stapled secondaries?

Private equity has changed since the Great Financial Crisis. Evolved, you might say.

Graham Partners sells Infiltrator Water for more than $500 mln

Graham Partners Inc has exited Infiltrator Water Technologies LLC after a near 10-year hold.

Apax to make back more than it invested in Epicor

Apax Partners may have failed to sell Epicor Software Corp last year, but the private equity firm is getting more than its money back.

KKR Asia business architect Bae to return to U.S.

Joseph Bae, the Korean-American dealmaker that KKR & Co LP sent to Hong Kong 10 years ago to set up its Asian operations from scratch, will move back to the United States, the private equity firm has told its fund investors, Reuters reported.

Bielinski leaves CIT for AB Private Credit Investors

Bob Bielinski has left the CIT Group Inc after seven years to join the middle-market lending team at AllianceBernstein.

Mud Pie CEO buys back Lineage Capital stake

Private equity firms are known for providing exits for entrepreneurs who don’t have anyone to take over their businesses. Now the founder of Mud Pie LLC has flippped the tables, producing an exit for PE firm Lineage Capital LLC.

TPG buys majority stake in discount retailer Poundworld

Britain’s Poundworld, a rival discount chain to Poundland, has sold a majority stake to U.S. private equity firm TPG, securing new funds to speed up store expansion, Reuters reported.