Managers
Active private equity funds generated USD24.2 billion in realised net gains for the California Public Employees' Retirement System (CalPERS) from 1990 to 30 June, 2015, based on data from the fund’s new Private Equity Accounting and Reporting Solution (PEARS).
During that same time period, PEARS data shows that CalPERS' external investment partners have realised USD3.4 billion from profit sharing agreements with CalPERS.
Over the 2014-15 Fiscal Year alone, CalPERS realised USD4.1 billion in private equity net gains while its external investment partners realised USD700 million from profit sharing agreements, according to PEARS data.
"The launch of the PEARS
Nexxus Capital has acquired Inversionistas en Restaurantes de Carnes y Cortes (IRCC), a subsidiary of multibrand casual dining restaurant platform International Meal Company Alimentação.
IRCC operates 51 company owned and 24 franchised casual dining Restaurants, mainly in Mexico City with presence in 17 other states. The Company has well-positioned brands in the casual dining restaurant sector through four main brands: La Mansión, Gino’s, Casa Ávila and Bistrot Mosaico.
Subject to internal authorisations, the transaction would be carried out by Nexxus VI Trust and Nexxus Capital Private Equity VI, directly or through Taco Holding, a portfolio company of Fideicomiso Nexxus
An investment fund affiliated to private equity firm Lightyear Capital has completed its acquisition of a majority equity stake in Pathlight Capital, a commercial finance company dedicated to providing companies innovative financing solutions to support growth, acquisitions, refinancings, and restructurings. The terms of the transaction have not been disclosed.
Founded in 2012, Pathlight has focused on providing secured asset-based loans primarily to companies in the consumer and retail sector. Going forward, Pathlight intends to use its expertise to tailor financing solutions for companies not just in the consumer and retail sector, but for companies in other industry sectors as well.
Cleary Gottlieb is advising pharmaceutical company Allergan on its USD160 billion merger with Pfizer which will create a new major player in the global biopharmaceuticals market.
Under the terms of the proposed transaction, the businesses of Pfizer and Allergan will be combined under Allergan plc, which will be renamed Pfizer plc. The transaction is subject to regulatory approvals and is expected to close in the second half of 2016.
The multidisciplinary Cleary Gottlieb team advising Allergan is led by corporate/M&A partners Paul Shim and Jim Langston. The corporate/M&A team also includes associates Kimberly Spoerri, Kyle Harris, Luke Ricci, Raymond Palmer and
Corporates, or strategic buyers, may participate in more merger and acquisition (M&A) transactions in the US lodging industry if the capital conundrum for private equity (PE) firms persists, says Fitch Ratings.
Lower investor demand for high yield bonds and loans caused by recent capital markets volatility, if continued, would increase the cost of debt capital for PE firms, making it more challenging for them to deploy their significant uncalled investment capital, or dry powder.
Total PE dry powder was USD1.34 trillion as of October 2015, up 12.9 per cent from year-end 2014, according to Preqin. Uncalled capital for real
Funds affiliated with CVC Capital Partners (CVC) and Canada Pension Plan Investment Board (CPPIB) are to jointly acquire Petco Animal Supplies from a group of investors led by TPG and Leonard Green & Partners for approximately USD4.6 billion.
The acquisition is expected to close in early 2016.
Based in San Diego, Petco is a leading specialty retailer of premium pet food, supplies and services. The company operates more than 1,400 Petco locations across the US, Mexico and Puerto Rico, along with one of the leading ecommerce platforms in the pet industry.
“We are very excited to partner with
Atlas Copco AB, a provider of sustainable productivity solutions, is to acquire the vacuum business of OC Oerlikon Corporation AG for a total enterprise value of EUR 486m. The acquisition is subject to regulatory approvals.
Partner Dr Christian Haellmigk at CMS Hasche Sigle is leading the competition team which advises Atlas Copco. Haellmigk has advised the Swedish group on many occasions in merger control cases, inter alia on the 2014 acquisition of Edwards Group Ltd., a supplier of vacuum and abatement solutions, with an annual turnover equivalent to approx. EUR 800m.
The Atlas Copco Group with more than 44,000
Warburg Pincus has raised over USD12 billion in third party commitments for its latest global fund, Warburg Pincus Private Equity XII.
Warburg Pincus XII’s Limited Partners include leading public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals. In addition to the strong overall demand, Warburg Pincus XII received considerable participation from investors outside the United States, which reflects the firm's international investing model.
“We are pleased with the favourable reception to Warburg Pincus XII,” says Charles R Kaye (pictured), Co- Chief Executive Officer. “Global growth investing, alignment of interests, proprietary deal sourcing, adding
• Strong support for Gilde Buy Out Partners’ proven mid-market strategy
• Investor demand significantly exceeded the hard cap
Utrecht, 23 November 2015: Gilde Buy Out Partners announces a single closing of Gilde Buy-Out Fund V (“the Fund”) at the hard cap of EUR1.1 billion.
The Fund will build on the proven strategy executed by Gilde Buy Out Partners’ prior four funds, investing in mid-market companies with strong market positions, clear growth potential and a core focus on the Benelux (The Netherlands, Belgium and Luxembourg) and DACH (Germany, Austria and Switzerland).
Gilde Buy Out Partners set the hard
Aurelius Group is acquiring the Reuss-Seifert & Hammerl Group a European manufacturer of plastic, steel, and concrete spacers; construction films; and other consumables for the concrete construction industry.
With a combined workforce of more than 300 skilled employees, Reuss-Seifert & Hammerl generated revenues of around EUR60 million last year. Financial terms of the deal have not been disclosed.
Reuss-Seifert is headquartered in Sprockhövel, in the German state of North-Rhine Westphalia. Hammerl’s head office is in Gemmrigheim, near Stuttgart. The Group has a total of six production facilities (five in Germany and one in Poland) together with two further locations
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