Bernard Vaughan
The buyout market continued to slowly improve in 2011 as U.S. firms deployed war chests raised in the boom years of last decade and many prepared to raise new funds, sister magazine Buyouts reports in its year-end deal wrap, to be published January 2. But a sovereign debt crisis in Europe, a downgrade of the […]
Sterling Investment Partners is in preliminary discussions with limited partners about raising its third fund, Buyouts reported Thursday, citing two sources. The firm will start raising the fund in the first half of the year and seek $500 million to $600 million, one of the sources said. The firm is working with Park Hill Group […]
Graycliff Partners LP, the latest private equity group to spin out of HSBC, expects to start raising its first independent funds focused on the United States and Latin America within the next year, Managing Director James Marley told Buyouts in its current issue. “It might be fairly soon, but that depends on the investment pace […]
American Industrial Partners is set to close its fifth buyout fund, possibly as early as this week, Buyouts reported earlier Monday, citing two sources. The New York-based shop will close the fund at its hard cap of $700 million, $200 million ahead of target, the sources said. The fundraise is impressive considering, according to the […]
Imagine trying to start a meeting with an executive of a company you might invest in. Then you hear the executive say, in effect, not so fast, he’s waiting for your male partner to arrive. That’s exactly what happened to Lauren Leichtman, co-founder and CEO of Levine Leichtman Capital Partners, the Beverly Hills, Calif.-based private […]
The Riverside Company is in talks with a single placement agent to help it raise close to $2 billion across three funds next year, Buyouts reported Friday, citing a source familiar with the firm’s plans. It would be the first time in the lower mid-market buyout firm’s almost 24-year history that it employed a placement […]
Former Kohlberg & Co. Co-Managing Partner Chris Lacovara is transitioning out of the firm as it seeks to raise $1.5 billion for its next fund, sister publication Buyouts reported. The mid-market buyout fund, started by Kohlberg Kravis & Roberts & Co. co-founder Jerome Kohlberg in 1987, has so far raised $520 million for Kohlberg Investors […]
Executives with Arle Capital Partners are preparing to raise their first independent fund since the London-based buyout shop spun out Candover Investments Plc earlier this year, Partner Nils Stoesser told Buyouts. The fund is still very much in the planning stages. But Stoesser said the firm would likely try to raise around €750 million to […]
The battle over perhaps the quickest private equity “quick flip” in history has edged closer to a lawsuit. A federal court on Nov. 17 denied a motion by Castle Harlan Inc. to toss subpoenas that seek documents regarding the firm’s rapid acquisition and sale in July of Norcast Wear Solutions, Buyouts reported earlier. On July […]
Dozens of young adults allege they were abused at Mount Bachelor Academy, a so-called “tough love” boarding school for troubled youths in Oregon that was run by Aspen Education Group, a company owned by CRC Health Corp., a large national health care company bought by Bain Capital in 2005 for $720 million, sister publication Buyouts reported. […]