Big shakeup at Madison Capital Funding
Trevor Clark and Chris Williams are out at Madison Capital Funding. FORTUNE -- New York Life Investment Management has ousted the CEO of its mid-market lending subsidiary, Madison Capital Funding....
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Healthcare Solutions Inc., a Duluth, Ga.-based portfolio company of Brazos Private Equity Partners, has acquired Modern Medical, a Lewis Center, Ohio-based pharmacy management and specialty health...
View ArticleExclusive: Riverside poaches VSS 'structured capital' team
Riverside plans to launch first non-buyout funds. FORTUNE -- Private equity firm The Riverside Company has quietly hired five members of the "structured capital" team at Veronis Suhler Stevenson,...
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Avast Software, a Czech Republic-based developer of anti-virus software, has acquired Jumpshot, an Austin, Texas-based maker of a PC optimization solution. Summit Partners invested $100 million into...
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GTCR has committed up to $450 million to help form Opus Global Holdings, a Palo Alto, Calif.-based acquisition platform focused on the financial technology market. It will be led by Douglas Bergeron,...
View ArticleFrom Arcapita's ashes, a new private equity firm rises
Eagle Merchant Partners will continue to manage some old Arcapita investments. FORTUNE -- The U.S. private equity team of Bahrain-based Arcapita has spun out into an independent firm called Eagle...
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American Industrial Partners has agreed to acquire Flow International Corp. (Nasdaq: FLOW), a Kent, Wash.—based maker of industrial waterjet machines for cutting and cleaning applications. The deal is...
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BayBG has acquired a minority stake in Impacore GmbH, a Munich-based provider of corporate performance ratings. No financial terms were disclosed. www.impacore.com The Blackstone Group is among the...
View ArticleExclusive: Sonos (sort of) raises $25 million
Home audio company raises a 'liquidity round' for early employees. FORTUNE -- Sonos, a maker of high-end wireless home audio systems, has raised approximately $25 million in new funding, Fortune has...
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Kohlberg Kravis Roberts & Co. has agreed to acquire Gaithersberg, Md.-based landscaping company Brickman Group Holdings from Leonard Green & Partners for $1.6 billion. The deal is expected to...
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Forstmann Little & Co. has narrowed down the bidders for talent agency IMG Worldwide, according to Bloomberg. A joint bid from TPG Capital and Creative Artists Agency was knocked out, leaving...
View ArticleNeuberger Berman: PE secondaries have become mainstream
Private equity secondaries are having another banner year. Is this the new normal? FORTUNE -- Neuberger Berman yesterday announced that it has raised $2 billion for its third private equity secondaries...
View ArticleBonderman: TPG may eventually go public
David Bonderman isn't in a hurry, but he also isn't slamming the IPO door shut. FORTUNE -- TPG Capital is the largest private equity firm in America that isn't publicly traded, with more than $55...
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Bain Capital is in talks to acquire UK-based auto parts supplier TI Automotive Ltd. for nearly $2 billion, according to Reuters. TI backers currently include Oaktree Capital Group LLC and Duquesne...
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Advent International has agreed to acquire a minority stake in Colombia's Ocensa oil pipeline for $1.1 billion from Talisman Energy (TSX: TLM) and Total SA (Paris: FP) and Spain's Cepsa, according to...
View ArticleCaseWinn launches as software-focused private equity firm
Greg Case and Paul Winn leave LLR Partners to form new private equity firm. FORTUNE -- Some big changes over at LLR Partners, the Philadelphia-based private equity firm that is putting the finishing...
View ArticleIn Forbes sale, Bono would get paid first
The Forbes media empire is on the block, but most of the proceeds would go to a minority shareholder. FORTUNE -- Financial media giant Forbes is on the block for a reported $400 million, with Deutsche...
View ArticleTim Geithner did not 'bail out' his new employer
Tim Geithner takes a private sector job. Cue the baseless 'revolving door' accusations. FORTUNE -- Private equity firm Warburg Pincus recently made what seemed to be an innocuous change on its website...
View ArticleForbes investor doesn't think it's worth $400 million
Forbes Media may sell for $400 million. But its largest outside shareholder thinks it's worth much less. FORTUNE -- Private equity firm Elevation Partners is on the verge of salvaging its 2006...
View ArticleNielsen CEO heading to private equity
Dave Calhoun is stepping down as CEO of Nielsen after a nine-year run. Next stop: The Blackstone Group. FORTUNE -- Dave Calhoun announced earlier this month that he would be stepping down this year as...
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