Bernard Vaughan
Welsh Carson Anderson & Stowe, which typically does buyouts, is currently looking at several minority investments in public companies, Paul Queally, co-president of the firm, said during the closing panel at today’s Buyouts New York conference. “You might see some 13-Ds from us,” Queally said, in response to a question on opportunities the firm is […]
H.I.G. Capital LLC is raising a new fund that appears to be pursuing a hybrid growth equity and buyouts strategy. The Miami-based firm is seeking $450 million for the fund, called H.I.G. Growth Buyouts & Equity Fund II LP, Buyouts reports, citing a recent regulatory filing. H.I.G. Capital, with more than $8.5 billion under management, […]
I wrote a piece recently about how the failure of Energy Future Holdings Corp. could be a serious embarrassment for its lead investors and for the private equity industry in general. (The most recent update on the company came late last week, when a subsidiary hit the bond market as the company frantically tries to […]
Executives from buyout firms ArcLight Capital Partners and Olympus Partners joined the Private Equity Growth Council and AFL-CIO in commenting on the SEC’s proposal that would require buyout fund managers registered as investment advisers to submit quarterly reports detailing their use of debt financing and other information. Not surprisingly, PE commentators largely argued that the […]
Waud Capital Partners greatly expanded its base of investors with more large state pensions and international investors with its third and latest fund, cementing the Chicago-based shop’s presence in the industry and positioning it for further growth with successive funds. The firm closed Waud Capital Partners III LP at $463 million, easily surpassing its target […]
Wellspring Capital Management LLC is close to buying Crosman Corp., a maker of shooting sports products, from Pamlico Capital, Buyouts is reporting, citing a source and a regulatory filing. The Bloomfield, N.Y.-based company generates about $125 million in annual revenue, the source said, and according to its Web site, the company employs more than 300 […]
The numbers are in, and the biggest buyout deal by a U.S. sponsor in Q1 was...the $5.3 billion take-private of Del Monte Foods Co., by KKR, Vestar Capital and Centerview Partners. To find out who rounded out the Top 10, below sister magazine Buyouts has put together a slideshow (with data from publisher Thomson Reuters as of March 25). Some interesting highlights:
U.S. buyout shops stepped back to replenish their investment pipeline in the first quarter after a frenzied finale to 2010 exhausted much of the ardor in the leveraged buyout market, Buyouts reports in its upcoming Q1 deal wrap-up. By March 25, U.S.-based buyout shops had closed 170 control-stake deals representing $20.2 billion in disclosed deal […]
(This story first appeared in Buyouts magazine, a peHUB sister publication.-Ed.) The largest buyout of all time is fast becoming an embarrassment for its investors and for the private equity industry as a whole. In the latest development, Energy Future Holdings Co. said on April 1 that it was negotiating a deal with creditors that could give it more time to pay back $20 billion of its debt. The development is the latest fissure in what increasingly looks like a gargantuan failure for the Texas utility's sponsors, led by Kohlberg Kravis Roberts & Co., TPG Capital and Goldman Sachs's buyout arm. The PE firms bought the Dallas-based energy company, formerly known as TXU, for around $45 billion in 2007. (The utility still does business under the TXU brand, among others.) Perhaps more importantly, the company's struggles come at