PRIVATE EQUITY FIRMS Advent International hired Raul Alvarez as an operating partner. Alvarez is a former president and chief operating officer at McDonald’s. BioScience Managers Ltd, the Melbourne, Australia, healthcare investment firm, appointed Michael Perry as a director, Dennis Purcell as a director and senior expert adviser and Nicole Vitullo as an independent director. Perry was senior vice president and chief scientific officer (business development and […]
Works with GPs to value firms for succession planning Future funds, eventual performance of investments taken into account Incentive compensation for younger partners a popular option With more PE firms facing the challenge of transferring power from aging founders to partners in their prime, the question of how to value management companies is coming to the fore. […]
Was spokesman for the PE lobbying group since 2014 “I’m now pursuing new opportunities,” says Maloney AIC fighting several proposed changes to U.S. tax code American Investment Council spokesman James Maloney has left the industry lobbying organization, he confirmed to Buyouts. “I enjoyed my time at the AIC and working with the great team there, but […]
JLL closed its seventh fund at $1 bln in April 2016 New York sponsor looks to invest early in underlooked themes Recent exits in pharma services: Patheon, BioClinica Daniel Agroskin is a managing director at JLL Partners, where he leads the New York private equity firm’s healthcare efforts and is a member of the management committee. […]
JLL closed its seventh fund at $1 bln in April 2016 New York sponsor looks to invest early in underlooked themes Recent exits in pharma services: Patheon, BioClinica Daniel Agroskin is a managing director at JLL Partners, where he leads the New York private equity firm’s healthcare efforts and is a member of the management committee. […]
Many buyouts and growth equity firms added staff this year, taking advantage of a buoyant fundraising market to bulk up their operations, fundraising and credit teams. The overall pace of industry hiring seems “modestly robust,” said Heather Hammond, managing director-financial services at executive recruiter Russell Reynolds Associates, as firms add mainly to their junior ranks. According to […]
Burgett joined Wind Point in September 2003: LinkedIn Wind Point Partners VIII raised $985 mln in July Wind Point sold Evans Food to Gaytan Mark Burgett, a longtime Wind Point Partners managing director, has left the private equity firm after more than 14 years. Burgett quietly exited Wind Point a couple of months ago, two sources said. Ron Liberman, a Wind Point […]
PRIVATE EQUITY FIRMS Adams Street Partners appointed Alex Kessel a principal on the co-investments team. Kessel is a former principal at Baird Capital. Breakwater Management, a Los Angeles private investment firm focused on the lower-middle market, named Darrick Geant managing director and Joe Kaczorowski managing director and chief financial officer. Prior to joining Breakwater, Geant was a managing director at Goldman Sachs while Kaczorowski is former […]
Co-leader of corporate and leveraged finance group Regions bought BlackArch in 2015, expanding M&A business Bank now offering buy-side and sell-side advisory Rit Amin says he “started on an engineering path,” coming from a “technically inclined” family, but he soon realized that business and finance were his true interests. Specifically, he wanted to be an investment […]
Allegedly charged funds $1,100 for trips to hair salon $3,500 for a suit for his father Rashid paid back $290,000 The SEC officially charged Mohammed Ali Rashid, a former senior partner at Apollo Global Management, with defrauding his fund clients by secretly billing them for about $290,000 in personal expenditures from 2010 to 2013. The regulator […]