Private Equity

North America

LACERS mulls changes to private equity portfolio

The $12bn system is reviewing a new strategic plan that could see LACERS invest more in distressed debt and consider secondary sales of non-core investments.

2 min read · 20 September 2013

CEE roundtable: Eastern promises

Amid signs that the European crisis is increasingly taking its toll on Central & Eastern Europe, PEI went to Warsaw to ask three industry experts whether the timing is right to reconsider investing in the region – and found a number of reasons for local GPs to be optimistic.

10 min read · 20 September 2013

Deal Mechanic: Synova Capital & DBG

In just three years, Synova Capital helped reposition dental services business dbg, tripling EBITDA in the process and generating a 77% IRR on exit. By Vicky Meek

5 min read · 20 September 2013

JC Flowers sells down Cabot stake

Just weeks after paying fellow private equity firm AnaCap £800m for the UK debt business, JC Flowers has sold a majority stake for £128m to Encore Capital.

1 min read · 20 September 2013

KKR hires Petraeus to head new division

The former director of the CIA will work alongside KKR’s head of public affairs and head of asset allocation on both public policy issues and portfolio company due diligence.

2 min read · 20 September 2013

Leveraged finance review: North America's demanding problem

Capital abounds for private equity deals of all sizes in North America, but new M&A has yet to take off

5 min read · 20 September 2013

Fosun buys Israeli firm from TA Associates

The Chinese powerhouse has acquired Alma Lasers for an enterprise value of $220m, Israel's largest-ever technology acquistion by a Chinese buyer.

2 min read · 20 September 2013

ACON closes Fund III on $751m

The mid-market firm exceeded its $600m target after more than a year in market and has invested roughly 20% of the fund in three investments.

1 min read · 20 September 2013

Oregon commits another $250m to KKR

The Oregon Investment Council authorised an additional commitment to KKR’s North America Fund XI ‘for more favourable fee arrangements’. The system committed $525m to the fund in 2011.

1 min read · 20 September 2013

Warburg sells Bausch & Lomb for $8.7bn

The deal will generate a return multiple of roughly 3x for Warburg, which acquired the company in 2007 for about $3.67bn.

2 min read · 20 September 2013

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