Bernard Vaughan

The New York-based firm CCMP Capital Advisors LLC will likely launch its next fundraising effort in the first quarter of 2012, Buyouts reported earlier today, citing two sources. The firm will seek to raise $3.5 billion, a slight uptick from the $3.4 billion fund it raised in 2006 but a fairly ambitious goal considering the […]

Executives at Blue Wolf Capital Partners are eyeing a much larger pool of capital for their sophomore institutional fund. The small turnaround shop had hoped to raise as much as $250 million for its debut institutional fund in the fall of 2008, but settled on $118 million—a respectable size considering it raised the fund as […]

In the last six months, European buyout shop Permira has signed as many acquisitions in the United States—three—as it had in the entire eight years since first opening an office in New York in 2002, Buyouts writes in a profile of the firm published Monday. The deals mark the culmination of an almost decade-long expansion that began with the New York office and continued with a Menlo Park office, opened in 2008. In between, in 2005, the firm hired Tom Lister, a 13-year veteran of Forstmann Little & Co., to lead the effort. Permira's premise for its U.S. expansion was to help its European-based companies expand here and, eventually, to start buying U.S.-based companies the firm thought it could expand globally. "We opened the New York office with definitely a 'walk before you ...

HM Capital, the more than 20-year-old buyout shop whose storied history comprises one of the more humbling falls from grace in private equity history, is struggling with a pair of newspaper investments and has abandoned media as a target sector, Buyouts reported earlier today. One result: The firm has parted ways with Peter Brodsky, a […]

H.I.G. Capital LLC appears to have generated a hardy return on its sale of Ideal Image, a Tampa, Fla.-based provider of laser hair removal services. The Miami-based firm announced on Nov. 1 that it sold the company for $175 million to Steiner Leisure, the publicly traded spa services and products company. H.I.G. led a $16 […]

EDG Partners LLC expects to close its debut fund above its $150 million target in December, Buyouts reported earlier today, citing a source close to the fundraising. The firm, which has offices in Arlington, Va. and Atlanta, Ga., will close the fund near its $200 million hard cap, the source said. The tally suggests investors […]

Private equity activity in the energy and power sector has picked up lately, with U.S.-based sponsors closing 39 control-stake deals globally with a disclosed deal value of $5 billion in 2011 as of Sept. 30, according to a Buyouts feature to be published Monday. That puts them on pace to outdo last year’s results, when […]

TPG Capital expects to open an office in Houston next month, a source told Buyouts. It’s hardly a geographic leap, considering TPG is based in Fort Worth. But it’s indicative of the firm’s heightened interest in energy and power, among the most popular sectors for PE firms of late. From Oct. 1, 2009 through Sept. […]

ACON Investments plans to hold a first close of more than $200 million on its third fund sometime in the next couple of weeks, Buyouts reported earlier today, citing two sources. Such a closing suggests ACON is off to a promising start in raising capital for its third fund, for which it hopes to raise […]

Peter Clare says leading an industry group at The Carlyle Group is “The best job in the world.” But the gig ended in March, after Carlyle promoted the 46-year-old head of Carlyle’s aerospace and defense group to co-head of the U.S. Buyout group. Suddenly Clare was overseeing more than 60 investment professionals charged with deploying Carlyle’s […]