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Stéphane Chevrier is out at private equity firm Newbury Partners
St?phane Chevrier has left Newbury Partners, the private equity secondaries firm he joined just one year ago as a managing director. No word yet on what happened, except that his last day of work was...
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What falling oil prices mean for energy M&A
2014 has been a record year for global M&A activity in the oil and gas sector, sparked in part by the U.S. fracking boom. But what will happen to deal-making now that crude prices have dropped more...
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Healthcare investor Bryan Cressey: Obamacare irrelevant to our business
Bryan Cressey is one of private equity’s most experienced healthcare investors, having helped co-found GTCR back in 1980 (he was the “C”). He currently serves as founding partner of Cressey & Co.,...
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BC Partners buying PetSmart for $8.7 billion
London-based private equity firm BC Partners has won the auction for retailer PetSmart Inc. PETM in an $8.7 billion deal. This would suggest that BC Partners made a last-minute move to best Apollo...
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Payment unicorn: Adyen raises $250 million at huge valuation
Global payments company Adyen this morning announced that it has raised $250 million in new venture capital funding, led by new investor General Atlantic. Singapore sovereign wealth fund Temasek also...
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Private equity’s energy deal doubletalk
Ever since oil prices began sinking, I’ve been hearing private equity executives talk about all of the exciting new investment opportunities in energy. Finally an asset class where prices are falling...
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TPG Capital nears first close on giant new fund
TPG Capital has scrapped plans to hold a first close this month for its seventh flagship buyout fund, which is targeting a total of $10 billion, according to sources familiar with the situation....
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American Apparel approached for possible buyout
Clothing manufacturer American Apparel Inc has been approached by private equity firm Irving Place Capital for a possible takeover, The Wall Street Journal reported, citing sources. The Los...
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Bumble Bee nets $1.51 billion for private-equity owner
Bumble Bee Seafoods is being sold by its private-equity owner for $1.51 billion, with Thai Union Frozen Products as the successful buyer. The North America seafood company, which generates about $1...
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Chobani is not paying TPG for partner’s work
Last week, The New York Times reported that investors with private equity firm TPG Capital were “paying twice” for work being done by TPG partner Kevin Burns, who also is serving as the interim COO of...
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Ex-KKR tech chief launches new private equity firm
Adam Clammer is launching a new private equity firm, nearly two years after stepping down as head of technology investing at Kohlberg Kravis Roberts & Co. KKR . The San Francisco-based firm will be...
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The death of private equity’s most notorious ‘placement agent’
Alfred Villalobos is dead at the age of 71. It seems he shot himself inside of a Reno gun club, just one month before he was set to go on trial for federal fraud and corruption charges, related to his...
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Private equity’s largest U.S. investor is changing up its strategy
When the California Public Employees’ Retirement System (CalPERS) announced last fall that it was abandoning hedge funds, I publicly wondered if private equity would be the next asset class to fall....
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Private equity drills into crisis playbook for new energy deals
I know this is a bit of an exaggeration, but: If you are a large private equity firm not raising a new fund to explicitly take advantage of recent energy market dislocation, then you might not be a...
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TPG sues ex-spokesman for leaking confidential info
TPG Capital yesterday filed suit against Adam Levine (no, not that one), a former spokesman and public affairs exec who now stands accused of leaking confidential firm information to the media (along...
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I was wrong about private equity reform
When private equity firms were first required by Dodd-Frank to register with the SEC, I wrote about my yawning ambivalence. On the one hand, I did not believe that private equity posed the sort of...
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Middle Eastern sovereign wealth money still flowing, despite oil woes
Private equity firm The Carlyle Group CG reported fourth-quarter earnings this morning, managing to beat analyst expectations despite a 68% drop in economic net income from the year-earlier period....
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Exclusive: CCMP Capital CEO Stephen Murray leaves firm
Stephen Murray is out as president and CEO of CCMP Capital, the New York-based private equity firm that raised $3.6 billion for its latest fund just five months ago. He had been just one of two CCMP...
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Should stock market investors follow private equity’s lead?
Private equity firms are paying out more cash than ever before. Perhaps stock market investors should follow their lead. By the end of June 2014, buyout kings like Leon Black and Henry Kravis handed...
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Exclusive: Christie confidant Bob Grady joins private equity firm
Bob Grady, a close confidant of New Jersey Gov. Chris Christie and former chairman of the $81 billion New Jersey Investment Council, has agreed to join mid-market private equity firm Gryphon Investors...
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