Steve Gelsi

1. What do you expect to change in 2015?  In early 2015 we’ve already seen pricing and leverage begin to move in favor of lenders, particularly (when it comes to) borrowers in the $20 million to $50 million EBITDA range. That’s still low within historic norms, but there just doesn’t seem to be much of […]

While debt-to-EBITDA multiples have drawn attention for reaching lofty levels during this time of relatively easy credit and ample dry powder, Golden Gate Capital’s buyout of Angus Chemical Co from Dow Chemical Co lands more or less in the middle of the fairway.

Private equity firms now comprise a minority of Advanced Medical Pricing Solutions’ customer base, but CEO Mike Dendy sees his company’s healthcare cost audits as a natural fit for sponsors.

Firm aims to raise $542.3 mln Amount raised to date is $281.5 million FirstPoint Equity is placement agent U.S. investors have kicked in about $62 million out of a total of about $282 million raised for BlueGem II, the latest private equity pool from London-based BlueGem Capital Partners, according to a regulatory filing. The firm reported a […]

1. What’s your take on rising interest rates? Will they go up much in 2015? Will higher rates help mezz lending? I thought they’d be going up in 2015 before oil went below $50 a barrel. If oil prices stay where they are I don’t think interest rates will go up as fast as we […]

Survey of 104 middle-market firms revealed different practices Smaller firms diverting resources from deal-making to compliance Study meant to foster wider industry discussion on fees, disclosure Practices for picking up the check for expenses related to annual meetings and other costs vary widely between middle-market firms grappling with increased oversight by regulators, according to a […]

Veteran private equity pros Jeff Fronterhouse and F. Barron Fletcher have launched a new middle-market firm: Riata Capital Group.

The California State Teachers’ Retirement System said it’s requiring an opt-out provision for private equity investments in firearms manufacturers that make assault rifles that are illegal in the state.

Cyprium Partners has raised $460 million for Cyprium Investors IV LP, a private equity pool launched after the firm spun off from KeyCorp.

Morgan Stanley investment banker Bill Sanders said he expects a robust deal making environment in 2015 with nearly “all options open” for sponsors, but larger take-private deals may remain limited.