The Washington DC-based firm will provide growth equity to Three Seasons Capital-backed Vehicle Production Group, which has created a car for individuals with mobility problems, as well as taxis and other specialty markets. In related news, Perseus has likely lost out on its bid for bankrupt Frontier Airlines.
2 min read · 12 January 2013
The private equity mega-firms have agreed to purchase some $8bn in debt from Royal Bank of Scotland in addition to $5bn in debt related to the $18bn buyout of Clear Channel by Bain Capital and Thomas H Lee.
2 min read · 12 January 2013
Brookwood Value Partners, an affiliate of private equity firm Brookwood Financial Partners, has picked up nearly 400 residential lots in The Grove planned community in Southwest Florida.
1 min read · 12 January 2013
Development, agricultural or beachfront-land is proving the next hottest commodity for private equity real estate.
2 min read · 12 January 2013
The Los Angeles-based private equity real estate firm spent one month raising capital for its distressed credit fund, raising a total of $900m from existing investors. The fund is expected to invest in distressed property debt and operating companies with strong real estate components.
2 min read · 12 January 2013
The Canadian power generation company has rejected an all-cash take-private by LS Power Equity Partners and Global Infrastructure Partners saying that the firms’ ‘highly conditional approach’ undervalues the company.
2 min read · 12 January 2013
The publicly listed investment firm also disclosed in its second quarter earnings call that it is nearing its $2.5bn target on a private equity-style credit fund – yet its fundraising pace has dropped more than 70 percent compared to the same period last year.
2 min read · 12 January 2013
The private equity firm’s credit subsidiary, GSO Capital Partners, has closed its most recent mezzanine fund as demand for subordinated debt remains strong. The unit has also raised four CLOs and purchased $7.8bn in leveraged loans.
2 min read · 12 January 2013
The US mid-market firm has purchased an Illinois Tool Works subsidiary as it deploys remaining ‘reserve capital’ for add-ons from its $1.2bn Fund III.
2 min read · 12 January 2013
The Boston-based private equity firm could lose almost half its investment in US discount clothing store Steve & Barry’s after hedge fund Bay Harbour submitted a stalking horse bid. The retailer filed for Chapter 11 protection last month, two years after TA Associates paid a reported $320m for roughly half the company.
2 min read · 12 January 2013
