Private equity is an apprenticeship business. When the apprentice works for a very private family office, it might be said that a sense of fiduciary duty is deeply, deeply instilled. Witness the many notable careers in the private investment industry that have emanated from the Bass brothers of Fort Worth, Texas. Robert Bass, in particular, has at one point or another been an employer of quite a cast of private equity characters. The industry ties to the Bass family are presented here, starting on the right hand side.
4 min read · 12 January 2013
Trumpeting what the firm describes as an overall 27% gross IRR, Kohlberg Kravis Roberts has wrapped up the fundraising for its second European vehicle, closing €1.5bn over target with the €4.5bn fundraise.
2 min read · 12 January 2013
Halifax booked a four-times equity return on its investment in Soil Safe.
2 min read · 12 January 2013
New York-based WL Ross & Co.’s $100m investment in France’s Oxford Automotive Aps serves as the firm’s opening number in the auto parts space.
3 min read · 12 January 2013
As the ratings agencies and the debt markets consider Hertz’s $12bn debt package, buying group maintains confidence.
3 min read · 12 January 2013
Two private equity-backed packaging companies have announced proposals for a €7.6bn ($9.4bn) merger.
2 min read · 12 January 2013
The US business development company has provided the storied guitar maker with almost $53m in second-lien debt.
2 min read · 12 January 2013
The New York and San Francisco firm will enjoy a $337.5m recapitalisation of its defense and homeland-security portfolio company, ILC Industries, returning 1.5 times the equity invested by the buyout firm in 2003.
1 min read · 12 January 2013
Harris Williams, the Richmond, Virginia investment bank that has captured a major portion of the US middle-market buyout business, has agreed to be acquired by PNC Financial Services Group, which also owns BlackRock.
2 min read · 12 January 2013
The European buyout firm has completed its exit from the listed Stockholm-headquartered credit management group that it first acquired in a 1998 take private.
2 min read · 12 January 2013
