Latest News
Lovell Minnick Partners, a private equity firm specialising in financial and related business services companies, has completed fundraising for its fourth institutional buyout fund, reaching the cap of USD750 million and surpassing the USD550 million target.
Lovell Minnick Equity Partners IV received commitments from many limited partners who invested in previous funds sponsored by the firm, including Goldman Sachs Asset Management, RCP Advisors, Twin Bridge Capital Partners, and PPM America on behalf of certain clients. Lovell Minnick also attracted commitments from a number of new investors including MassPRIM and the W.K. Kellogg Foundation. The firm’s prior fund, Lovell Minnick Equity
CohnReznick Capital Markets Securities has added three new members to its renewable energy team.
Industry veteran, Nick Sangermano is Managing Director and Head of Corporate and Private Placements. Hw will lead CohnReznick Cap Markets’ efforts to further support its energy and other corporate clients’ needs for capital.
Sangermano brings more than 15 years of investment experience to the Firm, having led and structured numerous private equity and debt capital raises in the renewable energy industry. Most recently, he was a managing director at Ambata Securities where he advised clients on private capital raises, fundraising and transaction execution, with a
Middle market private equity firm Blackford Capital has appointed Jeffrey W Johnson as managing director.
Prior to joining Blackford, Johnson served as managing director for Gilbert Global Equity Partners, LP, a billion-dollar private equity fund that was launched by Soros Quantum Funds alumni. As a key founding member of Gilbert, Johnson was involved in all aspects of the firm's business and strategy and he originated, structured and closed several leveraged and growth-oriented platform investments up to $150 million that were focused on building shareholder value both financially and operationally. He represented the firm's interests as a board member and oversight
State Street Corporation’s GX Private Equity Index (PEI), a benchmark for comparative analysis of private equity performance, saw an overall return of 4.2 per cent in the second quarter of the year.
The index is based on directly sourced limited partnership data and represents more than USD2.2 trillion of private equity investments, with 2,492 unique private equity partnerships, as of 30 June, 2015.
“Throughout the last three years, from October 2012 to September 2015, we have witnessed significant amounts of capital distributions with the ratio of distributions to paid-in capital reaching an historical high of 1.78x,” says Will Kinlaw
Polaris Private Equity (Polaris) has sold its holding, equivalent to 75 per cent of all shares, in Skånska Byggvaror to Byggmax, for SEK741 million. In addition to the initial purchase price, an additional payment of SEK110 million may also be made depending on the financial performance for Skånska Byggvaror during 2016.
Skånska Byggvaror is an online based retailer of refined do-it-yourself (D-I-Y) products, with operations in Sweden and Norway. Over the past 12 months Skånska Byggvaror had net sales of SEK690 million, growing by approximately 20 per cent year-on-year, and EBITA of SEK47 million (excluding non- recurring items).
“During
Oberthur Technologies (OT), a provider of embedded security software products, services and solutions, has decided to postpone its Initial Public Offering (IPO) over concerns about current market conditions.
Didier Lamouche, CEO of OT, says: "The decision taken with our majority shareholder Advent International is a natural one given the current state of the capital markets.
“Our business is delivering strong organic growth of both revenues and EBITDA and the momentum we see on all our activities confirms that we have made the right choices and positions us well for the future."
301 INC, the new business development and venturing unit at General Mills, has launched a new multi-million dollar capital fund through the CircleUp marketplace to seed emerging consumer food brands.
CircleUp connects consumer and retail brand entrepreneurs to accredited investors through its online platform. By using powerful technology and a team of experienced private equity professionals, CircleUp identifies promising brands early in their lifecycles and posts profiles on their site for investors to discover, research and potentially make an investment. General Mills is the first Fortune 500 company to launch an investment fund through this platform.
"We are very
Israeli private equity deal-making fell to a mere USD419 million in 20 deals in the third quarter of 2015, following an exceptionally high Q2/2015, when 27 deals accounted for USD1.6 billion (the third highest quarter in the last four years).
Moreover, the amount was 43 per cent below the five-year quarterly average, which stands at USD738 million, but the number of deals was the same as the average.
That’s according to a report by the IVC Research Centre, in conjunction with Shibolet & Co, which highlights that despite the substantial quarter-over-quarter fluctuations, the Q1-Q3/2015 period turned out to be
American Capital has closed American Capital CLO Fund I, a new USD450 million fund focused on investing in equity tranches of collateralised loan obligations (CLOs).
The transaction further expands American Capital's asset management business and increases American Capital's third-party earning assets under management by approximately USD450 million, or 3 per cent.
"We are very pleased to announce the closing of American Capital CLO Fund I," says Mark Pelletier, President of American Capital CLO Management, LLC and President and Chief Investment Officer of American Capital Senior Floating, Ltd. "Our partners spent a significant amount of time underwriting both the assets
Chicago-based private equity firm Winona Capital has made a minority investment in menswear brand Rodd & Gunn.
“Winona is proud to partner with Mike Beagley and the rest of the Rodd & Gunn team,” says Luke Reese, Managing Director of Winona Capital, who will join the Rodd & Gunn Board of Directors.
“Rodd & Gunn is a leading brand with a proven record of retail success in New Zealand and Australia and a strong start in the North American market. We look forward to helping expand its North America presence,” says Reese.
With the brand’s heritage dating back
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
