Gridiron Capital has held a final close of its second fund, Gridiron Capital Fund II, LP (“GCF II”) with $425 million in total capital commitments, $25 million above its original target of $400 million. GCF II raised capital in Europe, North America and Asia with a cross section of limited partners, including endowments and foundations, […]
Archives for August 17, 2012
Bankers Not So Optimistic
Less than one third of bankers believe their local economy will improve in the next six months, according to Grant Thornton’s annual Bank Executive Survey, conducted in conjunction with Bank Director. The results reflect a steep drop from the 44 percent of bankers who expected improvement in 2011. Also worrisome is that the number of […]
Deloitte Consumer Spending Index Slips, Ending Four Consecutive Months of Improvement
The Deloitte Consumer Spending Index decreased slightly in July marking the first decline since February 2012. The Index tracks consumer cash flow as an indicator of future consumer spending. “The Index slipped primarily due to a drop in real new home prices and a slight rise in jobless claims that offset improvements in real wages,” […]
Excellere Partners Invests in Flavours
Excellere Partners has made an investment in Flavours, a developer and contract manufacturer of organic, natural, and healthy beverages and snack foods. Flavours plans to use the capital and resources provided by Excellere to expand production capabilities, recruit additional executive talent and invest in capabilities to enhance product innovation. Flavours is a developer and manufacturer […]
Clayton, Dubilier & Rice Acquires ITW’s Decorative Surfaces Business
Clayton, Dubilier & Rice (“CD&R”) and Illinois Tool Works today announced an agreement under which ITW’s Decorative Surfaces business will become a new, independent company operating as Wilsonart International Holdings. CD&R will invest $395 million in the new freestanding business to acquire a majority ownership stake. ITW will retain an ongoing ownership stake. Paul Pressler, […]
