The latest data from Preqin indicates that current dry powder, capital committed to private equity funds but still yet to be invested, is at a record level, exceeding the previous record high seen before the onset of the global financial crisis in 2008. While fundraising throughout 2013 has seen notable growth, and there has been…...
Archives for December 19, 2013
Southport Lane Forms Beverage Platform
Southport Lane has formed Premium Beverage Group to acquire and consolidate two of its existing portfolio companies, Lieb Cellars and Premium Wine Group. The new platform will also pursue other add-on acquisitions in the alcoholic beverage sector. The acquisition of Lieb Cellars and Premium Wine Group is expected to be completed before year end. Premium…...
PEGCC Elects New Board Chairman
Ken Mehlman has been elected Chairman of the Private Equity Growth Capital Council’s Board of Directors. Mr. Mehlman serves as a Member and Global Head of Public Affairs at Kohlberg Kravis Roberts & Co., a founding member of the PEGCC. Mr. Mehlman brings more than two decades of public policy, political, communications and business experience…...
OMERS Names New President and CEO
Michael Nobrega, President & Chief Executive Officer at OMERS since 2007, will retire from his position on March 31, 2014 and will be succeeded by Michael Latimer, currently OMERS Chief Investment Officer. “Michael Nobrega has had a tremendous impact on OMERS while playing a highly influential role in shaping the pension landscape in Canada,” said…...
Clayton, Dubilier & Rice Invests in PharMEDium
Clayton, Dubilier & Rice (CD&R) will make an investment in PharMEDium, a compounder of sterile drug preparations used by hospitals. Oak Investment Partners and Baird Capital will exit as part of the transaction, while JVC Management, an investment firm controlled by David Jonas, Chairman and CEO of the company, will retain a minority investment in…...
