The Riverside Company has completed fundraising for its latest fund, Riverside Capital Appreciation Fund VI (RCAF VI) at $1.5 billion, 50% above its $1 billion target, making it the largest fund in the 25-year history of the firm. RCAF VI follows RCAF V, which closed in 2009 at $1.2 billion, 30% above its $900 million…...
Archives for January 9, 2014
KKR Special Situations Fund Doubles Up Target
KKR has held a final closing of KKR Special Situations Fund LP (KSSF or the Fund), with $2 billion of capital commitments, twice its original target of $1 billion. The new fund will focus on distressed and event-driven investments. KSSF held its first close in December 2012 and began investing shortly thereafter. KKR began soliciting…...
William Frank Joins WCAS as Operating Executive
William Frank has joined Welsh, Carson, Anderson & Stowe (WCAS) as an Operating Executive in the Firm’s Resources Group. Mr. Frank was most recently an Associate Principal at McKinsey & Company. The WCAS Resources Group is responsible for developing and implementing operational improvements across WCAS portfolio companies. Over the last several years, WCAS has built…...
Caltius Exits Electra Bicycle
Caltius Equity Partners has sold its portfolio company Electra Bicycle Company to Trek Bicycle Corporation. Caltius first invested in Electra in April 2007. Electra Bicycle Company is a designer and marketer of branded leisure bicycles. The company provides bicycles, parts and accessories and other related products to consumers worldwide, primarily through independent bicycle dealers. The…...
Topspin Acquires HCOA Fitness
Topspin Partners LBO has acquired an equity interest in HCOA Fitness, an operator of fitness clubs and personal training services, from TG Capital which first invested in the company in October 2009. “After evaluating many health and wellness opportunities in recent years, we are delighted to have found this outstanding company,” said Topspin Managing Director…...
