North America

CGS raises €170m for Fund III

The Swiss buyout firm, which originally targeted CHF 180m, has raised CHF 208m for CGS III after investors agreed to an increase of the fund’s CHF 200m hard-cap.

HIG adds west coast mid-market team

The firm has moved two investment professionals from its 25-person East Coast mid-market team to San Francisco.

Pamlico finds traction with LPs for Fund III

The mid-market firm has exited three portfolio companies since launching Fund III, which has raised more than half of its $630m target.

Arsenal closes Fund III on $875m

The New York-based firm exceeded its $750m target, raising 75% more capital than its predecessor fund.

Nordic makes 5x on Permobil exit

The Swedish firm has sold the wheelchair business to Investor, a few months after holding the first close on its latest vehicle.

Brazos wraps up debut fund with 3.7x exit

The firm has sold food distribution business Strategic Equipment and Supply Corporation, the ninth and final investment from its debut fund that collected $250m in 2000.

Deal Mechanic: CBPE & Rosemont Pharmaceuticals

In its six years as owner of Rosemont Pharmaceuticals, CBPE helped the business to overhaul its manufacturing process, expand its product line and bolster its management team – more than doubling EBITDA in the process.

AEA hits $2bn hard-cap on Fund V

The firm, launched in 1968 by a group of wealthy families to pool investment capital from the US and Europe, also is in the market raising its third mezzanine fund.

Privately Speaking: Sonali De Rycker of Accel Partners

European venture has disappointed investors for a decade. But many believe the prospects for this segment of the market have never been better – and funding is starting to concentrate around a few managers who seem to have the models to take advantage. Accel Partners’ European arm, which has just closed a $475m fund, is emerging as one of the best of its breed – and in Sonali De Rycker, it boasts a partner described in some quarters as ‘the best VC in Europe’. James Taylor went to meet her, to ask why LPs should believe that this time will be different...

First Round: Who are you? Ooh, ooh

First Round bows to nobody in its admiration for US procedural TV drama, so it felt a sense of personal vindication recently when news emerged that Goldmans Sachs Capital Partners had offloaded its 50 percent stake in the ‘CSI’ TV franchise for a whopping $400 million.