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Canadian ski resort operator Whistler Blackcomb Holdings priced its IPO at $12 Canadian ($12), Reuters reported. Whistler Blackcomb is owned by Intrawest, a company owned by private equity firm Fortress Investment Group. The closing of the IPO is set for Nov. 9. Fortress will retain a roughly 34% ownership of Whistler Blackcomb after the IPO, Reuters reported.
Private equity firm Wellspring Capital Management has raised $1.2 billion for its fifth fund, Wellspring Capital Partners V LP. The new fund, which is the firm’s largest to date, will focus on middle market investments and buyout deals ranging from $50 million to $2 billion. Wellspring Capital is based in New York and has more than $3 billion under management.
Private equity shop Kohlberg Kravis Roberts & Co. saw its profits fall 61% to $317.3 million in the third quarter of 2010, compared with the same period last year, the company said Wednesday. The company’s assets under management, however, grew to $55.5 billion.
Abu Dhabi Investment Authority, the sovereign wealth fund of Abu Dhabi, United Arab Emirates, has named James Kester to the post of chief investment officer for private equities, Reuters reported. Kester was previously the head of private equity for Zurich Alternative Asset Management.
Dell will acquire cloud computing services company Boomi for an undisclosed amount, Reuters reported. Boomi, which helps businesses integrate cloud-based applications with other programs, raised $4 million in a 2008 funding round led by FirstMark Capital. The 10-year-old Boomi is based in Berwyn, Penn.
Venture firm Andreessen Horowitz, formed by Netscape co-founder Marc Andreessen and entrepreneur Ben Horowitz, has raised $650 million for its second fund, Reuters reported. At a time when many VCs struggle to raise money, Andreessen Horowitz said it took only three weeks to close the fund, which is more than twice the size of its original fund. Formed in 2009, Andreessen Horowitz has invested in companies including social-gaming company Zynga, location services company Foursquare and VoIP service Skype.
Kayne Anderson Capital Advisors has closed its latest fund, Kayne Anderson Mezzanine Partners, with $600 million in commitments. The New York City-based firm said it will focus the fund on middle market investments across a broad range of industries. Kayne Anderson has already made six investments with the fund, totaling $90 million.
Boston-based investment firm ABRY Partners will pay $84.8 million to acquire Comforce Corp., the company announced Tuesday. ABRY Partners will pay $2.50 per share for all outstanding shares of Comforce common stock, representing a 54.3% premium over Monday’s closing price. Comforce, which is based in Bethpage, N.Y., provides outsourced staffing management services.
Private equity firm Welsh, Carson, Anderson & Stowe has acquired a majority stake in hospital administrator Springstone, and invested $100 million into company. Financial terms of the acquisition were not released. Springstone owns and operates a psychiatric hospital in Indiana, and plans to acquire additional psychiatric and behavioral facilities across the U.S. Welsh, Carson, Anderson & Stowe is based in New York and invests mainly in healthcare and information and business services.
The Carlyle Group is competing with South Korea’s Lotte Shopping to acquired Indonesian company Matahari’s Hypermart business, Reuters reported. There have been three to four preliminary bids for the retail chain, which could sell for as high as $1 billion, Reuters reported. The Carlyle Group is based in Washington D.C.
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