Bernard Vaughan

Castle Harlan Inc. vowed July 15 to fight any complaints against it regarding what could be the quickest quick flip in private equity history, Buyouts reported. On July 6 the New York-based buyout firm, co-founded by former Donaldson Lufkin & Jenrette Inc. CEO John Castle, bought Norcast Wear Solutions, a supplier of mill liners and […]

Apax Partners‘s announcement that it was leading a $6.3 billion buyout of a medical device company rippled through the buyout market July 13, suggesting more large buyouts could finally be in the offing. But a small sample of two bankers and two buyout pros were unanimously skeptical that the deal portends a new wave of […]

DFW Capital Partners, a Teaneck, N.J.-based private equity firm, is getting ready to raise its next fund and might seek more than double what it raised for its third fund, Don DeMuth, a general partner who founded the firm almost 30 years ago, told Buyouts earlier this week. The firm will likely seek to raise […]

Castle Harlan Inc. has leveraged its long history with an Australian company to pull off a stunning one-day quick-flip of a company, Buyouts reported earlier today. On July 6, the New York-based shop bought Norcast Wear Solutions, a supplier of mill liners and other products to the mining industry, from Pala Investments for $190 million. […]

The debate over raising the tax rate on carried interest has re-ignited, after President Barack Obama promoted the idea indirectly in his June 29 press conference as a way to raise revenue and close the ballooning budget deficit. Meanwhile, two other potential tax issues loom for buyout professionals, including interest expenses deductions and the flow-through […]

An executive at Solamere Capital LLC, the fund-of-funds manager and co-investment firm founded by Mitt Romney‘s son Tagg Romney(pictured), is once again taking a leading role in the presidential candidate’s fundraising effort, Tagg Romney told Buyouts. Managing Partner Spencer Zwick, who helped Tagg Romney establish Solamere Capital, is finance chair for the Romney campaign, working […]

Buyouts recently wrapped its Q2 quarterly deal wrap-up, and the consensus, to put it bluntly, was ugly. Though our data was cut off at June 15, the results showed U.S.-based PE firms had closed 38 percent less control-stake deals in Q2 than in Q1, according to Thomson Reuters. This suggests many firms have spent much […]

Buyout legend Tom Hicks returned to the deal-making scene recently when specialty alloy producer Carpenter Technology Corp. agreed to buy Latrobe Specialty Metals for $388 million in stock, Buyouts reported. Hicks Holdings LLC, which Hicks describes as his family office, and Watermill Group bought the manufacturer of steel and steel alloys for the aerospace industry […]

Corporations and other strategic buyers are presenting buyout shops with serious competition in today’s heated market, but they’re also supplying a rich source of exits, according to the Buyouts cover story, published June 20. As of June 13, strategic buyers around the world bought 15,825 companies, including full or partial stakes, with a combined value […]

Wind Point Partners appears posed to sell U.S. Security Associates Inc., a Roswell, Ga.-based company that provides security, janitorial, maintenance and other services, Buyouts reported, citing a regulatory filing. If the sale is a full exit, it will have been a long time coming: The Chicago-based firm bought the company, then known as Outsource Partners […]