The protracted strong market for business sellers continues to be a party that shows no sign of winding down, according to GF Data’s report on private equity deal activity in the second quarter. Two hundred private equity sponsors and other acquirers reported to the data tracking firm on 51 transactions completed in the $10 million […]
Great Point Partners has held a final closing of Great Point Partners III LP (GPP III) at its hard cap of $306 million. The new fund was oversubscribed and exceeded its initial target of $250 million. Limited partners in GPP III include endowments, foundations, family offices, banks, and pension funds. In addition, Great Point’s investment […]
Bonaccord Capital Partners and Wafra, Inc. have closed a minority investment in private equity firm AE Industrial Partners (AEI). Boca Raton-based AEI invests in the aerospace and defense, power generation and specialty industrial sectors with a specific focus on technical manufacturing, distribution and supply chain management, MRO (maintenance, repair and overhaul) and industrial service-based businesses. […]
Silver Oak Services Partners has closed its latest fund, Silver Oak Services Partners Fund IV LP, at its hard cap of $500 million. With the closing of this new fund, Silver Oak now has more than $1.1 billion in assets under management. The firm’s earlier fund, Silver Oak Services Partners Fund III LP, closed in […]
Deloitte has published its fourth “Global Automotive Supplier Study” which analyzes shareholder value performance for more than 200 automotive suppliers. In the new report, the firm reveals four disruptive mega-trends – shared mobility, electrification, technology convergence and new market entrants – that are driving the transformation of the automotive value chain and causing many senior […]
Regal Healthcare Capital Partners (RHCP) has held a first and final closing of its second private equity fund, RHCP II LP (Fund II) at its hard cap of $165 million. Fund II was raised in less than two and a half months and surpassed its initial target of $125 million. Together with Regal’s first fund, […]
Wellspring Capital Management has hired Alexander Bues as the firm’s new head of business development. Throughout his career, Mr. Bues has a track record of origination and execution of middle-market private equity investments across the healthcare, consumer, industrial, and services sectors. Prior to joining Wellspring, he was the head of business development for Westport, CT-based […]
PennSpring Capital has hired Thomas Showers to lead the firm’s transaction development efforts in Pennsylvania. Mr. Showers, who has nearly four decades of deal origination experience, joins PennSpring from BB&T where he was responsible for business development in the bank’s south-central Pennsylvania region. Earlier in his career, he held similar business development positions at National […]
HCAP Partners has held a final closing of HCAP Partners IV LP at its hard cap with total commitments of $150 million. The new fund, which operates as an SBIC, was also oversubscribed. Limited partners in Fund IV include both existing investors from previous funds and new investors including foundations, family offices, and financial institutions. […]
Welsh, Carson, Anderson & Stowe (WCAS) has held a final close of WCAS XIII LP (WCAS XIII). The new fund was oversubscribed and closed at its hard cap of $4.3 billion and exceeded its $3.5 billion target. The new fund was well received by existing limited partners as WCAS XIII’s re-up rate from WCAS XII […]
