PE Hub
NOVEMBER 6, 2023
Recochem is a Montreal-based manufacturer, marketer and distributor of aftermarket transportation and household fluids. The post UK-based CapVest acquires Recochem from HIG Capital appeared first on PE Hub.
Private Equity Insights
NOVEMBER 6, 2023
Private equity firm KKR & Co has completed the raise of its second global impact fund dedicated to investments that advance sustainability and social equity, amassing $2.8bn. Ken Mehlman and Robert Antablin, the fund’s co-heads, told Reuters in an interview that more opportunities to deploy capital led to the firm attracting commitments from investors for more than double its first $1.3bn impact fund raised in 2020. “The resiliency of our portfolio and growth in our strategy refl
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PE Hub
NOVEMBER 6, 2023
The wind farms are located about 100 kilometers from the German North Sea coast and began operating in 2019 and 2020 The post CPP Investments to exit 24.5% stake in German offshore wind assets appeared first on PE Hub.
Private Equity Insights
NOVEMBER 6, 2023
Guidehouse, a leading global provider of consulting services to the public sector and commercial markets, entered into a definitive agreement to be acquired by an affiliate of Bain Capital Private Equity (“Bain Capital”) for $5.3bn. Guidehouse will continue to operate under its current management team, led by Chief Executive Officer Scott McIntyre. Guidehouse has been owned by Veritas Capital since 2018.
PE Hub
NOVEMBER 6, 2023
Medical Specialists of the Palm Beaches is a primary care-focused, multi-specialty physician group practice in South Florida. The post Ascend Partners-backed MSPB acquires concierge medicine practice Colton and Kaminetsky appeared first on PE Hub.
Private Equity Insights
NOVEMBER 6, 2023
Rubicon Technology Partners (“Rubicon”), a leading private equity firm focused on enterprise software investments, announced the successful closing of its latest fund, Rubicon Technology Partners IV (“Fund IV” or “the Fund”), at approximately $1.7bn. This represents a 34% increase in size from its predecessor fund, Rubicon Technology Partners III, which closed in 2020.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Insights
NOVEMBER 6, 2023
Indian ed-tech firm Byju’s is in advanced talks to sell its U.S.-based kids’ digital reading platform Epic! Creations for about $400m to private equity firm Joffre Capital, seeking funds to ease its financial pressures, Bloomberg News reported on Monday, citing people familiar with the matter. Byju’s has been looking to raise up to $1bn by selling two companies – Great Learning and Epic – in a bid to streamline its business and repay lenders, Reuters reported in Sep
PE Hub
NOVEMBER 6, 2023
SMT Intelligence is an electronic circuit manufacturing specialist based in Laval, Quebec. The post Fonds de solidarité FTQ pumps C$68m into SMT Intelligence appeared first on PE Hub.
Private Equity Insights
NOVEMBER 6, 2023
Carlyle Group is planning to sell Japanese cosmetics supplier Tokiwa Corp in a deal that could fetch $1bn, two sources with knowledge of the matter said. The investment firm has tapped Jefferies and SMBC Nikko Securities as advisors to work on the sale of the 75-year-old company, which will kick off early next year, said one of the people, who both declined to be named as the information is confidential.
PE Hub
NOVEMBER 6, 2023
Underdog & company is a marketing services firm for the sports, media, entertainment and social impact/nonprofit industries. The post NewSpring-backed underdog & company scoops up college sports advisor Altius appeared first on PE Hub.
Private Equity Insights
NOVEMBER 6, 2023
H.I.G. Capital (“H.I.G.”) and CapVest Partners LLP (“CapVest”) are pleased to announce that H.I.G portfolio company, Recochem (the “Company”), has been acquired by funds managed by CapVest. H.I.G. will remain a minority investor in the Company. Recochem, with revenues in excess of $1bn, is a leading global manufacturer, marketer, and distributor of aftermarket transportation and household fluids.
PE Hub
NOVEMBER 6, 2023
Signia Aerospace is a provider of high-performance systems and specialized components for the aerospace industry. The post Arcline-backed Signia Aerospace acquires manufacturer Meeker Aviation appeared first on PE Hub.
The Big Picture
NOVEMBER 6, 2023
Source: Chartr We talked about this 2 weeks ago , but the nation missed a fantastic opportunity to refinance all of the outstanding US debt at much lower levels. Every corporate debt issuer and homeowner in America refinanced at lower rates — except for Uncle Sam. If you were in Congress from 2015-2021, you are the reason why HALF of the projected federal debt will soon be interest payments.
PE Hub
NOVEMBER 6, 2023
IntelliBridge is a provider of advanced technology solutions to homeland security, federal law enforcement, defense, and civilian agencies. The post Enlightenment Capital-backed IntelliBridge snaps up cybersecurity software firm RevaComm appeared first on PE Hub.
XY Planning Network
NOVEMBER 6, 2023
Seven years ago XYPN started conducting an annual benchmarking survey of its members to provide data-backed firm journey analysis for fee-for-service financial planning firms. With each year, the resulting Benchmarking Study has painted a clearer and more intricate picture for planners looking to map out their own firm journeys during their implementing, building, and scaling phases.
PE Hub
NOVEMBER 6, 2023
Jefferies LLC served as advisor to MNX while White & Case LLP acted as legal counsel. The post Quad-C sells MNX investment to UPS appeared first on PE Hub.
AltAssets
NOVEMBER 6, 2023
Private equity giant KKR has more than tripled its dedicated impact investment firepower with the $2.8bn final close of its sophomore fund in the strategy. The post KKR hails strong performance of its debut impact fund as it starts to put $2.8bn Fund II to work first appeared on AltAssets Private Equity News.
PE Hub
NOVEMBER 6, 2023
Eppinger is a maker of highly engineered OEM and aftermarket CNC tooling products and precision automation solutions. The post Z Capital-backed Eppinger appoints Smith as CFO appeared first on PE Hub.
AltAssets
NOVEMBER 6, 2023
Exposition Ventures, a women-led VC firm founded by former GE Ventures director Karen Kerr, is eyeing up to $50m for its debut fundraise. The post Ex-GE Ventures director pulls in first fund capital for hardware, software-focused Exposition Ventures first appeared on AltAssets Private Equity News.
PE Hub
NOVEMBER 6, 2023
The gloves are off as Audax accuses HIG of mismanagement of Mobileum after HIG accused Audax of fraud. The post Bain Capital to buy Guidehouse from Veritas for $5.3bn; Audax files countersuit against HIG over Mobileum appeared first on PE Hub.
Private Equity Wire
NOVEMBER 6, 2023
Private equity firm KKR & Co Inc has held the final close of its second global impact fund dedicated to investments that advance sustainability and social equity, with $2.8bn in capital commitments, according to a report by Reuters The report cites the fund’s co-heads Ken Mehlman and Robert Antablin as saying in an interview that more opportunities to deploy capital led to the fund attracting more than double the $1.3bn raised for its impact fund in 2020.
PE Hub
NOVEMBER 6, 2023
The transaction is expected to close in the first half of 2024. The post Platinum Equity to acquire Kohler Energy appeared first on PE Hub.
Private Equity Wire
NOVEMBER 6, 2023
Alter Domus, a provider of tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, has appointed Michael Janiszewski as its new Chief Operating Officer. In this role, Janiszewski will report to Doug Hart, Alter Domus Chief Executive Officer, and will also join Alter Domus’ Group Executive Board.
PE Hub
NOVEMBER 6, 2023
West Star is a provider of maintenance, repair, and overhaul services to the business aviation industry. The post Sterling Group-backed West Star Aviation snaps up aviation maintenance provider Jet East appeared first on PE Hub.
Million Dollar Round Table (MDRT)
NOVEMBER 6, 2023
By Joyce Chan Financial advisors often work in highly saturated markets, leaving prospects unsure of why they should pick one advisor over another. By having a personal brand, though, you’ll stand out from the crowd. A personal brand allows you to consistently communicate what makes you different from your competitors. Because of personal branding, my business model shifted from a hunting model, where I spent lots of time prospecting, to an attraction model, which is where prospects contact me r
PE Hub
NOVEMBER 6, 2023
The buyer was Central Garden & Pet. The post Bregal Partners exits dog treats brand TDBBS appeared first on PE Hub.
Private Equity Wire
NOVEMBER 6, 2023
PARTNER CONTENT By Eli Diament Managing Director & Founder, Azurite Consulting Voice of the Customer (VOC) research helps PE firms evaluate the strength of a company’s existing customer relationships to identify strategies for retention and growth. It’s a useful part of investment discussions, but by its design, it is unable to address many critical questions pertaining to growth and a company’s true market position.
PE Hub
NOVEMBER 6, 2023
Pink Taco is a dining brand. The post Z Capital-backed Pink Taco recruits Miller as COO appeared first on PE Hub.
Private Equity Wire
NOVEMBER 6, 2023
Private investment firm Bain Capital is close to agreeing a deal to acquire Guidehouse, a consulting firm that advises government organisations and businesses, from Veritas Capital for $5.3bn including debt, according to a report by The Wall Street Journal. The report cites unnamed sources familiar with the matter as revealing that, barring any last minute delays, an agreement could be announced as soon as Monday.
PE Hub
NOVEMBER 6, 2023
Relation Insurance Services is a U.S.-based insurance brokerage. The post Aquiline-backed Relation Insurance Services buys two employee benefits providers NSBP and HR Virtual Solutions appeared first on PE Hub.
Private Equity Wire
NOVEMBER 6, 2023
Avid, a provider of tech solutions to the media and entertainment industry, private equity investment firm STG in an all-cash transaction valuing the business at approximately $1.4bn, including net debt. Under the terms of the agreement, Avid stockholders will receive $27.05 in cash for each share of Avid common stock. The cash purchase price represents a premium of 32.1% over the Company’s unaffected closing share price on May 23, 2023, the last full trading day prior to media speculation regar
PE Hub
NOVEMBER 6, 2023
Guidehouse has been owned by Veritas Capital since 2018. The post Bain Capital to acquire consulting services provider Guidehouse for $5.3bn appeared first on PE Hub.
Private Equity Wire
NOVEMBER 6, 2023
Fundraising by global private credit funds dropped 43% in the third quarter of the year compared with the preceding three month period top $38.8bn, according to a report by Bloomberg, citing data from industry research for Preqin. Peqin’s data reveals that the decline came on the back of a strong second quarter, which saw funds raise $67.7bn. While private equity fundraising has been adversely impacted by aggressive central bank rate hiking programmes, private credit’s floating rate
PE Hub
NOVEMBER 6, 2023
The investment is supporting The Halifax Group's buyout of Sodexo. The post Sentinel Capital invests in Sodexo’s worldwide home care unit appeared first on PE Hub.
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