Smartphones will Influence $689 Billion in Retail Store Sales by 2016

Smartphones will Influence $689 Billion in Retail Store Sales by 2016

Smartphones currently influence 5.1 percent of annual retail store sales, translating into $159 billion in forecasted sales for 2012, according to new Deloitte research. “Mobile devices’ influence on retail store sales has passed the rate at which consumers purchase through their devices today,” said Alison Paul, vice chairman, Deloitte LLP and retail & distribution sector […]

Insight Equity Adds Four to Team

Insight Equity Adds Four to Team

Insight Equity has added four new Associates to its team with the addition of Neal Jain, Garrett Greer, Luke Bateman and Fraser Desmond. “We are delighted that Neal, Garrett, Luke and Fraser have elected to join Insight Equity,” said Ted Beneski, CEO & Managing Partner. “We are looking forward to working with them and believe […]

American Securities Closes Fund 6 at $3.6 Billion

American Securities Closes Fund 6 at $3.6 Billion

American Securities has held a closing of its sixth fund, American Securities Partners VI, L.P., with total capital commitments of $3.6 billion. The fund closed above its $3 billion target and more than 50% larger than its $2.3 billion predecessor, American Securities Partners V, L.P. Investors in the new fund include some of the world’s […]

glendonTodd Capital Appoints Mary Hatcher as Chief Financial Officer and Chief Compliance Officer

glendonTodd Capital Appoints Mary Hatcher as Chief Financial Officer and Chief Compliance Officer

glendonTodd Capital announced today that it has appointed Mary Hatcher to the position of Chief Financial Officer and Chief Compliance Officer. “Mary’s extensive experience substantively expands our firm’s leadership and functional competence. Mary has already completed the implementation of a world-class compliance program and is rapidly extending our reach to investors in money centers around […]

PEGCC: Private Equity Consistently Beats the S&P 500

The presidential election thrust the private equity industry into the spotlight, but often lost in the discourse are the superior returns private equity delivers to public pensions, university endowments and charitable foundations. The Private Equity Growth Capital Council (PEGCC) released a new analysis today, highlighting returns provided by private equity investments compared to the S&P […]

LBC Credit Partners Backs Centre Lane Acquisition

LBC Credit Partners Backs Centre Lane Acquisition

LBC Credit Partners has agented a $40 million senior secured term loan facility and provided $1.5 million of equity co-investment to support the purchase of LLFlex, a metals-based packaging and laminated materials company, by Centre Lane Partners. LBC was the term loan agent for the senior secured term loan facility which consisted of a $10 […]

2012 Future of Cloud Computing Survey Exposes Hottest Trends in Cloud Adoption

2012 Future of Cloud Computing Survey Exposes Hottest Trends in Cloud Adoption

North Bridge Venture Partners has published the results of its second annual Future of Cloud Computing Survey. Supported by 39 industry collaborators spanning established leaders, emerging, fast-growth companies, and startups – the 2012 survey captures current industry perceptions, sentiments and emerging trends in cloud computing. This year’s collaborators include companies such as Amazon Web Services, […]

Deloitte’s Consumer Spending Index Notches Third Monthly Increase

Deloitte’s Consumer Spending Index Notches Third Monthly Increase

In May, the Deloitte Consumer Spending Index posted its first three-month increase since September 2010. The Index tracks consumer cash flow as an indicator of future consumer spending. “The Index’s increase is due to an ongoing slowdown in declining new home prices, plus a small uptick in real wages as falling energy prices give consumers […]

CIT Backs Healthcare Portfolio Company of Cressey

CIT Backs Healthcare Portfolio Company of Cressey

CIT Group has arranged and syndicated a $210 million senior secured credit facility to support the refinancing of Encompass Home Health, a Medicare-certified home health care agency and a portfolio company of Cressey & Company. “This deal underscores how we use our industry knowledge to help meet the needs of and finance healthcare companies,” said […]

Salus Surpasses $100 Million in New Loan Commitments

Salus Surpasses $100 Million in New Loan Commitments

Salus Capital Partners, a subsidiary of Harbinger Group, has recently surpassed $100 million in new loan commitments through May 2012. Salus has provided loans to ten companies throughout North America in situations ranging from turnarounds to emerging growth stories. To date, the companies Salus has financed span a range of industries and include American Apparel, […]