Headlined by a near-record valuation mark of 7.8x Trailing Twelve Months (TTM) Adjusted EBITDA, completed deal activity in the fourth quarter of 2018 showed that there is plenty of “oomph” remaining in this extended seller’s market, according to GF Data’s just-released February report. Valuations averaged 7.2x for all of 2018, essentially in line with 7.3x […]
TA Associates has hired Amit Jain as a vice president. He will be part of the firm’s North America Technology Group and will be based in TA’s Menlo Park office. Prior to joining TA, Mr. Jain was a senior associate with Marlin Equity Partners in the firm’s Los Angeles office. Earlier in his career, from […]
CORE Industrial Partners has held a final close of CORE Industrial Partners Fund I LP with total commitments of $230 million. The new fund was significantly oversubscribed with demand in excess of the initial target of $200 million and initial hard cap of $225 million. The new fund’s limited partners include university endowments, insurance companies, […]
Falfurrias Capital Partners has closed its new middle-market private equity fund, Falfurrias Capital Partners IV LP (FCP IV), at its hard cap of $500 million. The firm’s earlier fund closed with $275 million of capital in March 2017. Falfurrias makes equity investments in growth-oriented middle-market companies that have revenues in excess of $10 million and […]
Edgewater Capital Partners has held a final closing of Edgewater Capital Partners IV LP (ECP IV) at its hardcap of $185 million. Limited partners in the new fund include corporate pension funds, funds of funds, endowments, insurance companies, and other institutional investors based primarily in the United States. “We are thrilled to have the continued […]
Corridor Capital had hired Zack Stiefler as a principal on the firm’s investment team. Mr. Stiefler will be active in the evaluation, due diligence, financing and execution of new investment opportunities. In addition, he will also work with Corridor’s portfolio companies. Mr. Stiefler joins Corridor after four years at New York-based private equity firm Lindsay […]
Hidden Harbor Capital Partners has closed its debut fund, Hidden Harbor Capital Partners I LP, at an above-target $265 million. Boca Raton-based Hidden Harbor was formed in May 2016 by John Caple, a former partner of Comvest Partners; David Block, the former CEO of Swiss Watch International, an e-commerce watch company backed by Clearlake Capital. […]
Advent International has hired Bryan Taylor as a managing partner to lead Advent’s technology investment team. He will be based in the firm’s new office in the San Francisco Bay Area which will be opened later this year. Most recently, Mr. Taylor was a partner and co-head of TPG Capital’s technology group, where he jointly […]
TSG Consumer Partners has closed its eighth fund, TSG8 LP and TSG8 Parallel LP (the “Fund”), with an oversubscribed $4 billion of limited partner capital commitments. The new fund will continue the firm’s investment strategy of building value by growing both well-established and earlier-stage businesses and brands in consumer industries. The fund will primarily focus […]
Renovo Capital has closed its third fund, Renovo Capital Fund III LP, at the hard-cap of $225 million. The firm’s earlier fund closed in September 2014 with $132 million of capital commitments. Fundraising for Fund III began in September 2018 and it received support from both existing and new investors including pension programs, insurance companies, […]
