Kohlberg Kravis Roberts & Co. is in talks to buy most of Samson Investment Co., a privately held U.S. oil and gas company, Reuters reported Tuesday. The private equity firm is not likely to want Samson's Gulf of Mexico assets, one of the sources said. While the whole company could be worth $8 billion to $10 billion, KKR's bid without the Gulf of Mexico assets is likely to be in the range of $7 billion, Reuters wrote.
Industrial Growth Partners has acquired Ideal Clamp Products in a management buyout transaction. Headquartered in Smyrna, Tennessee, the company is a manufacturer of worm drive and specialty hose clamps and couplings used in a wide variety of end markets and applications. PRESS RELEASE Industrial Growth Partners, together with management and other investors, has acquired Ideal […]
Private equity firm Pfingsten Partners has acquired Arrowhead Electrical Products, a Blaine, MN-based global distributor of aftermarket alternators, motors and other rotating electrical products and components for the mobile equipment marketplace. The transaction closed on October 31, 2011, marking the ninth platform investment for Pfingsten’s $525 million Fund IV. PRESS RELEASE Private equity firm Pfingsten […]
THL Credit has completed two investment transactions in the third quarter: to recapitalize and provide expansion capital to Airborne Tactical Advantage Company, and to provide backing for the strategic investment in The Studer Group. THL Credit Greenway Fund, THL Credit’s managed fund, also invested in each of these transactions. PRESS RELEASE THL Credit, Inc. (Nasdaq:TCRD) […]
GrEEK! Meltdown looms over Euro now Got Time for a 15 minute crash course on China’s startups? If At First You Don’t Succeed: Trib bankruptcy plan denied So, What’s the Best way to fill a plane? AxialMarket’s Lehrman drops some deal flow knowledge Arab Fall? Egypt investing to grow for Abraaj So What can VCs do to back good greentech companies? Perfect Pitch? Yahoo puts leveraged recap on the table Tech is the word: Saudi Basic Industries launches corporate venture arm in The Netherlands Solving the Remote Problem: Voomote gets thumbs up Stroke Diagnosis: Cardiac Insight puts finishing touches to Series A financing
“A man who carries a cat by the tail learns something he can learn in no other way.”
-Mark Twain VCs who are serious about turning their firms into more than one-fund wonders may want to have their associates actually start and run a company for a year. Running a company is distinctly different from simply having operating experience – (working in bus dev, sales or marketing.) None of that can compare with being the CEO of a startup facing a rapidly diminishing bank account, your best engineer quitting, working until 10pm and rushing to the airport and catching a redeye for a “Hail Mary” close of a customer, with your board demanding you do it faster. Today, you can start a web/mobile/cloud startup for $500,000 and have money left over. Every potential early-stage VC should take a year and do it before he or she makes partner. Over time Venture firms realized that the partners in the firms need a variety of skills:
Global fund manager Partners Group has provided mezzanine financing for the acquisition of a portfolio of high quality hotels located in the United Kingdom and the Netherlands. PRESS RELEASE Partners Group, the global private markets investment manager, continues to identify a significant number of attractive real estate investment opportunities. Partners Group has thus provided mezzanine […]
(Reuters) – Big private equity firms are scrapping over bite-sized deals as they wait for financing markets that seized up over the summer to reopen for billion-euro-plus prospects across Europe. After a strong first half in which large buyouts returned at companies such as Swedish cable group Com Hem and French engineering firm Spie, turbulence […]
The Chicago-based investment bank Livingstone has hired Thomas Lesch as a VP in its debt capital markets practice. Lesch was most recently a VP of commercial banking for BMO Harris Bank and Bank of America/LaSalle Bank. PRESS RELEASE: CHICAGO – November 1, 2011. Livingstone, the leading independent, international investment banking firm, today announced the addition […]
Amalgamated Bank has begun to go to market with a unified financing program for buyout sponsors that includes both cash flow lending and asset-based loans, the New York labor bank plans to announce on Tuesday. “Now I feel confident we have the underwriting and the account management capability” to serve both groups of borrowers, Robert […]