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We are especially pleased with the speed to close and successful outcome for PC VI in what remains a challenging fundraising environment, said Stuart Christhilf, Partner and COO at Pamlico Capital. UBS Securities LLC acted as the placement agent, while Ropes & Gray LLP provided legal counsel for the fund.
The legal battle cost the company nearly 6m. Rinkelberg, the London-based investment office of the TomTom founders, acquired the ready-to-bake pastry brand after Crlias repeated attempts to overturn the CMAs decision failed. Under the new ownership, PA Ross will manage the Jus-Rol brand.
Legal and financial advisers for the deal included Guggenheim Securities, Baird, Holland & Knight, and Davis Polk & Wardwell. Our experience scaling IT services platforms makes us the right partner for this next phase of growth. Cloud for Good had previously secured backing from Achieve Partners in 2021.
The Oracle of Omaha is piling into a historically cheap legal monopoly But despite being a big-time seller of stocks for two years, the Oracle of Omaha has managed to unearth at least one value stock. The defining trait for Sirius XM is that it's one of America's few publicly traded legal monopolies. Image source: Getty Images.
legalizes marijuana. Here are three reasons marijuana legalization in the U.S. This doesn't yet factor in how much it spends on capital expenditures and growth-related activities. I don't think it's likely that legalization will happen anytime soon in the U.S., won't solve Tilray's problems.
Hildred Capital Management closed its third fund, Hildred Equity Partners III, raising over $800m. Evercore Private Funds Group acted as the lead global placement agent, while Kirkland & Ellis provided legal counsel. The fund will begin deploying capital in Q1 2025 and is actively seeking investment opportunities.
They're completely legal. Capital gains are grouped into two categories: short term and long term. If you hold assets long enough to qualify for long-term capital gains, you can lower your tax burden on those gains. And the best part? Here are some IRS-approved tricks that could save you a bundle.
Stonepeak, a global investment firm managing $72bn in assets, has acquired Boundary Street Capital, a specialist private credit manager. Legal counsel for the acquisition included Paul, Weiss, Rifkind, Wharton & Garrison, and Simpson Thacher & Bartlett for Stonepeak, with Hogan Lovells advising Boundary Street Capital.
HighPost Capital, a PE firm focused on the consumer, sports, media, and technology sectors, has partnered with Charlesbank Capital Partners to invest in Front Row Group, an ecommerce agency providing outsourced marketplace management services. Weil, Gotshal & Manges served as legal counsel to HighPost.
Piper Sandler and Centerview Partners acted as financial advisors, while Kirkland & Ellis served as legal counsel to Vestar on the transaction. Source: Alternatives Watch If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com. Can`t stop reading?
The private equity giant, managing $1 trillion in assets, is purchasing the stake from New Mountain Capital, Citrin Coopermans previous majority owner. is serving as financial adviser, and Kirkland & Ellis LLP and Gibson, Dunn & Crutcher LLP are serving as legal advisers to Blackstone. Deutsche Bank Securities Inc.
Levine Leichtman Capital Partners announced its acquisition of SYNERGY HomeCare Franchising, a leading in-home care provider, from NexPhase Capital. Honigman LLP and DLA Piper provided legal counsel for the transaction. Apogem Capital provided debt financing. Houlihan Lokey and Robert W.
Cornell Capital, a US-based PE firm with $5.3bn of AUM and offices in New York and Hong Kong, has promoted Jennifer Cattier to Partner. Cattier joins Cornell Capitals Partner group which, following her promotion, will be comprised of seven partners across New York and Hong Kong.
Linden Capital Partners has held a final close of its second structured capital fund, Linden Structured Capital Fund II LP (SCF II), with $400 million in capital commitments. Lindens earlier structured capital fund closed in July 2011 with $355 million of capital commitments.
Coalesce Capital (Coalesce), a private equity firm focused on investing in business services companies, has completed a majority growth recapitalisation in executive compensation and leadership consultancy, Pearl Meyer & Partners (Pearl Meyer). Ropes & Gray served as legal advisor to Coalesce Capital.
Nordic Capital, a private equity firm focused on investments in the healthcare, tech and payments, and financial services sectors, has entered into exclusive negotiations regarding the acquisition of Anaqua from private investment firm Astorg. William Blair acted as financial advisor to Nordic Capital.
Blackford Capital (Blackford), a lower middle market private equity firm, has closed the sale of portfolio company Mopec Group, a supplier of equipment, consumables, and services for pathology and anatomy professionals, to PE firm Waud Capital Partners (WCP). Varnum served as legal counsel for Blackford Capital and Mopec.
Blue Sage Capital closed its fourth private equity fund, Blue Sage Capital IV, at $618m, exceeding its $400m target and $550m hard cap. The firm raised the fund without a placement agent and engaged Kirkland & Ellis as legal counsel. Can’t stop reading?
Private investment giant Stonepeak has agreed to acquire Boundary Street Capital, a private credit firm with a focus on digital infrastructure, enterprise software, and technology services in the lower middle market.
Nordic Capital has successfully closed its latest fund, Evolution II, at its 2bn hard cap, exceeding its initial target of 1.4bn. The re-up rate is reported to have exceeded 100% by capital, with strong commitments from both existing investors and new entrants.
AshGrove Capital (AshGrove), an independent pan-European speciality lender, has held the final close of AshGrove Speciality Lending Fund II at its hard cap of €650m, surpassing its original target of €500m. Fund II achieved a 107% re-up rate among existing limited partners as well as securing over €325m in new capital commitments.
Private equity firm Bain Capital on Tuesday agreed to buy Fogo de Chão, in a deal people familiar with the matter said valued the Brazilian steakhouse chain at about $1.1bn, including debt. The deal marks a win for private equity firm Rhone Capital, which took Fogo de Chão private for $560m in 2018.
Godspeed Capital Management (Godspeed Capital), a lower middle-market Defence & Government services, solutions, and technology focused private equity firm, has held the final close of Godspeed Capital Fund III at its hard cap of $675m.
Growth equity firm Valspring Capital has closed its first fund, Valspring Capital Fund I, exceeding its $255m target, with plans to focus on investments in growth-stage companies in the healthcare sector. Valspring Capital was founded in 2022 by a team that previously worked at Bain Capital Ventures.
Main Street Capital (NYSE: MAIN) Q3 2024 Earnings Call Nov 08, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Main Street Capital third-quarter earnings conference call. Image source: The Motley Fool. You may begin.
Legal advice was provided by Menon Associates and Greenberg Traurig. The post Capital Square Partners backs tech company Trianz appeared first on PE Hub.
Winston & Strawn LLP acted as legal advisor to Hudson Hill. The post Hudson Hill Capital invests in software company MarketTime appeared first on PE Hub.
Stonepeak, an alternative investment firm specialising in infrastructure and real assets with around $72bn in assets under management, has completed the acquisition of specialist private credit investment manager Boundary Street Capital. Hogan Lovells served as legal counsel to Boundary Street.
Nordic Capital has made four Partner promotions following a successful twelve months for the business which has seen eleven platform acquisitions and four successful exits as well as the closing of the firm’s second mid-market fund at its hard cap of 2bn. He joined in 2018.
This was no small feat, particularly given the challenging capital market environment for cannabis investments. Early in fiscal '24, we fine-tuned these production processes after completing significant capital projects in fiscal '23. You know, capital markets are still tight. In Q1, we secured a strategic investment of $124.6
Shamrock Capital (Shamrock), an LA-based investment firm specialising in the media, entertainment, and communications sectors, has held the final closing of Shamrock Capital Growth Fund VI (Growth VI) and Shamrock Capital Clover Fund I (Clover I), with a combined $1.6bn in capital commitments.
It offers a robust regulatory framework, flexible fund structures, and strong access to global capital. Simplified impatriate rules and favourable capital gains treatment have drawn experienced investment professionals. The countrys cross-border infrastructure, legal sophistication, and deep institutional network support this growth.
The board also includes senior executives from within the group, such as Andrea Bonomi, Francesco Cignolo, Fabrizio Riccardi, Ileana Bolcato, Bruno Sollazzo, and legal advisor Paolo Montironi. Learn more about fundraising efforts in Italy and meet Generali at Italy’s Largest Private Equity Conference in Milan.
Silver Oak Services Partners secured a strategic investment for Smile Partners USA through a new continuation fund, with backing from BlackRock Secondaries & Liquidity Solutions and Hollyport Capital. The continuation fund secured additional capital to drive future growth. BlackRock and Hollyport Capital were advised by Akin Gump.
Alchemy Partners closed its latest fund, Alchemy Special Opportunities Fund V, securing 1bn in capital commitments and surpassing its initial fundraising target. The fund focuses on European mid-market corporate special situations and has already deployed approximately 20% of its capital across nine investments in four countries.
We're very pleased with Enact's operational strength's capital levels and consistent shareholder distributions. life insurance companies reported an estimated pre-tax loss of $18 million, driven by unfavorable mortality and higher new claims, as well as lower benefit from legal settlements. On a statutory accounting basis, the U.S.
Since its founding in 2013, Garnett Station has positioned itself as a key investment partner for multi-unit and consumer services businesses, providing capital and strategic expertise to drive expansion and operational efficiency. Can`t stop reading?
Braemont Capital, a relationship-driven investment firm, has invested in TEC Services, a premier provider of essential janitorial and sanitation services to the grocery and food distribution end markets. Duane Morris served as legal counsel to TEC. Kirkland & Ellis LLP served as legal counsel to Braemont.
US private equity firms, including Blackstone, Bain Capital, Warburg Pincus, and General Atlantic, have heavily invested in data centres in Malaysia that provide infrastructure for TikTok owner ByteDance. The company stated that it would carefully evaluate any proposals in the best interest of its stakeholders. Read more here. Read more here.
At its meeting on 14 November, the MainePERS board greenlit two commitments, pending final due diligence, legal review, and negotiations: an allocation of up to $100m to the Garda Fixed Income Relative Value Opportunity Fund, managed by Garda Capital Partners – a new partnership for the pension fund – and an additional $100m commitment to Brookfield (..)
Vistria Group, a private equity firm based in Chicago with ties to former President Barack Obama, has successfully closed a $3bn fund, adding to the growing list of Windy City investors raising capital over the past year, according to a report by BNN Bloomberg. However, Vistria has also faced legal challenges.
Pamlico Capital has held an above target, hard cap, an oversubscribed final close of Pamlico Capital VI LP (PC VI) with $1.75 billion of capital. billion of capital. billion of capital. UBS Securities was the placement agent for Pamlico and Ropes & Gray provided legal services.
Legal challenges and market perception If you've heard of Ripple at all, it's probably because of the legal challenge it's facing. Ripple doesn't want to settle the case, aiming to set a legal precedent for the crypto industry as a whole. Howey is a legal principle established in a 1946 Supreme Court case. Here's why.
This recommendation signals some progress in the ongoing push for federal legalization of cannabis, although the final decision rests with the Drug Enforcement Agency. cannabis companies to access banking services and capital markets more easily, thereby facilitating their growth and expansion in this nascent market.
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