Aug152023
Reuters
Bain Capital buys Brazilian steakhouse chain Fogo de Chão in $1.1 bln deal
NEW YORK, Aug 15 (Reuters) - 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 $1.1 billion, including debt.
Aug142023
Businesswire
BOCA RATON, Fla.--(BUSINESS WIRE)--Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced its affiliate has reached a definitive agreement with various subsidiaries of Koch Engineered Solutions, LLC, a subsidiary of Koch Industries, Inc., to acquire Koch Separation Solutions (“KSS” or “the Company”). The acquisition by an affiliate of Sun Capital will pave the way for KSS to strengthen its market presence and improve its economies of scale.
Jul312023
Forbes
How To Identify The Future Of Talent In Private Equity: Redefining CEO
Private Equity (PE) firms play an important role in identifying top-tier leadership talent for their portfolio companies. Traditionally, boards of directors and CEOs have relied on a narrow set of tried and true qualifications for key roles in the C-suite. While this offers a level of predictability and risk mitigation for executive talent, it also limits the potential for innovation and fresh perspectives.
Jul192023
Warburg Pincus
Warburg Pincus Announces That Jeffrey Perlman Will Become President
New York, NY – July 19, 2023 - Warburg Pincus, a leading global growth investor, announced today that Jeffrey Perlman, current Head of Southeast Asia and Asia-Pacific Real Estate, will become President of the firm. Timothy Geithner, current President of the firm, will become Chairman, while Chip Kaye will remain CEO.
Jul132023
Businesswire
H.I.G. Capital Completes Sale of Riveron
MIAMI--(BUSINESS WIRE)--H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $57 billion of capital under management, is pleased to announce the sale of its portfolio company Riveron (“Riveron” or the “Company”) to affiliates of Kohlberg & Company (“Kohlberg”). H.I.G. will continue its partnership with Riveron through a minority investment. Additional terms of the transaction were not disclosed.
Jul122023
Private Equity Wire
Audax raises $7.8bn for seventh flagship fund and Origins Fund I
Audax Private Equity (Audax) has closed two new funds – Audax Private Equity Fund VII (Fund VII) and Audax Private Equity Origins Fund I (Origins) – in excess of their respective fundraising targets with $5.25bn and $774m in commitments, respectively.
Jul102023
Businesswire
ATLANTA--(BUSINESS WIRE)--Resurgens Technology Partners, a software-focused private equity firm, today announced its platform investment in Detechtion, a leading provider of real time asset performance management solutions.
Jul102023
Businesswire
Francisco Partners Acquires Macrobond from Nordic Capital; Focuses on Growing its Global Presence
MALMÖ, Sweden & SAN FRANCISCO--(BUSINESS WIRE)--Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced its acquisition of Macrobond, a top innovator in the financial data and technology industry, from Nordic Capital, a leading European private equity investor. Macrobond’s Founder Tomas Liljeborg will continue as Chief Executive Officer and will remain a significant equity holder in the company.
Jul052023
Businesswire
P3 Services Finds New Anchor in the San Antonio Market With Latest Acquisition
HOCKLEY, Texas--(BUSINESS WIRE)--P3 Services (or “P3”), a provider of end-to-end plumbing services from installation to retrofit, maintenance, and repair services for the multi-family, light commercial, and single-family end-markets, is proud to announce the acquisition of Anchor Plumbing (“Anchor”) located in San Antonio, TX. P3 Services is a platform investment of Stellex Capital Management (“Stellex”). This marks the 2nd acquisition by P3 in 2023, and the 11th acquisition since the initial creation of the platform. The Anchor team will remain under the operational leadership of President, Paul Arguijo.
Jun152023
Private Equity Wire
TA completes oversubscribed $16.5bn fundraise for 15th PE fund
Global private equity fund TA Associates has completed fundraising for its latest flagship fund, TA XV, which launched in late November of last year, with total limited partner commitments at its hard cap of $16.5 billion.