PEGCC provides a video that explains "What is Private Equity?"
Silver Lake Sumeru and Essex Woodlands will acquire Birmingham, Ala.-based Medseek, a provider of online strategic patient engagement and analytics software for healthcare organizations. Terms of the deal were not released. The two firms are partnering with the company’s management on the buyout, according to a written release. PRESS RELEASE MEDSEEK, a leading provider of […]
Micron Technology is in talks to acquire Elpida Memory Inc., a Japanese chipmaker. Micron said Elpida had selected it to negotiate a deal following a bidding process, Reuters reported. U.S. private equity firm TPG Capital and China’s Hony Capital had also placed a joint bid in the final round on May 4. South Korea’s SK […]
The New York City Comptroller's Bureau of Asset Management, which oversees $122 billion across the city’s five main public pension funds, has committed $600 million to Apollo Global Management and $250 million to Golden Tree Asset Management as part of separate managed accounts that will focus on opportunistic credit strategies.
BackOffice Associates said Wednesday that John Kinzer has joined as CFO while Rex Ahlstrom was named chief strategy officer. Mark Loan joins as BackOffice’s chief sales officer, according to a statement. BackOffice supplies data migration and information governance solutions. BackOffice is backed by GS Capital partners. PRESS RELEASE BackOffice Associates, LLC, a worldwide leader in […]
Ritchie Bros. Auctioneers has agreed to buy AssetNation in a cash deal valued at $64 million. The transaction is expected to close in May. Spire Capital Partners was the seller. AssetNation is an online marketplace and solutions provider for surplus and salvage assets. PRESS RELEASE Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest […]
Camden Partners leads financing round for Capital Payments
USI Insurance Services, which is backed by Goldman Sachs Capital Partners, has acquired certain assets of National Insurance Specialists. Financial terms weren’t disclosed. The buy is expected to contribute approximately $1.6 million in revenues to USI on an annual basis. PRESS RELEASE USI Insurance Services (“USI”) today announced the closing of the acquisition of certain […]
Oaktree Capital Management, along with real estate investor Michael Rosenfeld and his Woodridge Capital Partners, have acquired the Fairmont San Francisco Hotel, paying $200 million. The hotel was purchased from Maritz, Wolff & Co., which acquired its investment in the hotel in 1998 in partnership with Kingdom Holding, which is retaining its interest. Fairmont Hotels […]
Filling some big boots, Richard Hall has been promoted to replace Steve LeBlanc as head of private equity for the $110 billion Texas Teachers’ Retirement System, confirmed Howard Goldman, the system’s director of communications. LeBlanc, an innovative private markets chief, is perhaps best known for steering giant separate account deals in which Texas Teachers’ committed $6 billion to Apollo and KKR.