Dresner Partners Opens New York Office

Dresner Partners Opens New York Office

Dresner Partners, a middle-market investment bank, is expanding its East Coast presence by establishing an office in New York City.”Establishing a New York office is a necessary step to support our investment banking professionals that are working with clients in the region,” said Steven Dresner, President of Dresner Partners. “In addition, as a member of […]

Alvarez & Marsal Hires New Due Diligence Professional

Alvarez & Marsal Hires New Due Diligence Professional

Professional services firm Alvarez & Marsal has added Michael O’Dowd to the firm’s Transaction Advisory Group. He joins the firm as a managing director and will be based in New York. “Our clients’ expectations of federal tax changes in 2012, along with many private equity firms’ need to deploy capital and exit investments has led […]

Winston & Strawn Adds Bradley Mandel to Its Corporate and Private Equity Practice

Winston & Strawn Adds Bradley Mandel to Its Corporate and Private Equity Practice

Winston & Strawn announced today that private investment fund formation attorney, Bradley Mandel, has joined the firm’s Chicago office. “We’re delighted that Brad has chosen to bring his substantial experience to Winston and to help us continue to grow our private equity and hedge fund capabilities,” said Andrew McDonough, co-chair of the firm’s private equity […]

Bregal Investments Launches New Private Equity Fund

Bregal Investments Launches New Private Equity Fund

Bregal Investments announced today that it has formed Bregal Sagemount I, L.P., a new private equity fund with $500 million in committed capital. Bregal Sagemount will be led by Gene Yoon, the former head of private equity for Goldman, Sachs’ Americas Special Situations Group and a Partner with Great Hill Partners. Bregal Sagemount will invest […]

Salus Capital Partners Backs Frederick’s of Hollywood Group

Salus Capital Partners Backs Frederick’s of Hollywood Group

Salus Capital Partners has provided a $24 million senior-secured working capital facility to Frederick’s of Hollywood Group, a specialty retailer of intimate women’s apparel and lingerie. The financing will be used to provide working capital for general corporate purposes. “Salus showed a genuine interest in developing a credit line for Frederick’s of Hollywood that would […]

KPS Capital Partners Completes Second Dividend Recap of Global Brass and Copper

KPS Capital Partners Completes Second Dividend Recap of Global Brass and Copper

KPS Capital Partners has completed a recapitalization of its portfolio company Global Brass and Copper. The proceeds of the recapitalization were used to refinance existing outstanding debt, to fund a $160 million cash distribution to stockholders and for general corporate purposes. Following the recapitalization, KPS and GBC management continue to own 100% of GBC’s common […]

PwC: Low Growth in Healthcare Spending Expected in 2013

PwC: Low Growth in Healthcare Spending Expected in 2013

Healthcare spending in the United States is expected to grow at a historically low rate of 7.5 percent next year, according to the annual Behind the Numbers report on medical cost trend, published today by the Health Research Institute (HRI) of PwC US. The projection continues a pattern of slower medical growth, a reflection of […]

Imperial Capital Adds Two to Its Energy Sector Investment Banking Practice

Imperial Capital Adds Two to Its Energy Sector Investment Banking Practice

Imperial Capital announced the addition of Thomas Pritchard and Kenneth Morris, who joined the firm as Managing Directors in the Investment Banking Group based out of the firm’s New York office. They will Co-Head Imperial Capital’s investment banking practice in the energy sector. “Tommy and Ken’s experience and Capital Markets expertise are a strong addition […]

Leonard Green Closes Fund 6 at $6.25 Billion

Leonard Green Closes Fund 6 at $6.25 Billion

Leonard Green & Partners has held a closing of the firm’s sixth private equity investment fund, Green Equity Investors VI, L.P., substantially above target and at its hard cap of $6 billion in limited partner commitments along with $250 million from affiliates of the firm. Investors in Fund 6 include domestic and international pension funds, […]

Levine Leichtman Completes Two Dividend Recapitalizations

Levine Leichtman Capital Partners announced today that two of its portfolio companies – Tronair and Global Franchise Group – were recently recapitalized resulting in a significant return of capital to the firm’s limited partners. Tronair raised a $50 million senior credit facility in May 2012. Proceeds of the transaction were used to refinance existing debt, […]