KKR has partnered with medical device executive Duke Rohlen to form Zeus Health to invest in medical device companies. The formation of Zeus, with $100 million of capital, continues a long-standing relationship between KKR and Mr. Rohlen. In March 2016, KKR invested in Spirox, a California-based ears, nose, and throat (ENT) device company, led by […]
Cascadia Capital has formed a new investment banking practice dedicated to the robotics, automation, and artificial intelligence (RAAI) sectors. Cascadia’s RAAI practice has been formed in response to the Fourth Industrial Revolution – commonly referred to as “Industry 4.0” – the ongoing automation of traditional manufacturing and industrial practices, using modern smart technology. Sectors of […]
By Mark Gartner, Principal & Head of Investment Development, ClearLight Partners “Every act of creation is first an act of destruction.” – Pablo Picasso The pandemic is stress testing everything, and COVID-19 may finally kill several business development (BD) strategies already in decline. This isn’t great news because finding good deals at reasonable prices is […]
Berkshire Partners has partnered with food executive Javier Vélez-Bautista to form El Dorado Foods. Mr. Vélez-Bautista now becomes the CEO of El Dorado and the new platform will be active acquiring Latin-inspired food and beverage brands. Mr. Vélez-Bautista was most recently the chief executive officer of Mission Foods, a producer of tortillas and other Mexican […]
Houlihan Lokey has agreed to acquire MVP Capital, an advisory firm specializing in the technology, media, and telecom (TMT) sector. MVP’s services include mergers and acquisitions advisory, capital raising, restructuring advisory, and valuations. The firm’s sectors of focus include fiber optics, cell towers, distributed antenna systems, wireless communication, data centers, cloud and managed services, and […]
Private equity will need to adapt and learn a few things to succeed and thrive in a post COVID-19 environment. By Ted Koenig, President & CEO, Monroe Capital – Private equity, in most cases, was left out in the cold from the CARES Act and Paycheck Protection Program (PPP) – a victim of the SBA’s […]
As private equity adapts to Covid-19, new research from McKinsey & Company illustrates how operating groups play a vital role in a downturn. The COVID-19 crisis has caused epochal disruptions to social and economic systems, posing a threat to lives as well as livelihoods. For private equity firms, which often own businesses in multiple industries […]
North Castle Partners and True Beauty Capital, founded by Richard Gersten, have partnered to acquire and provide operating support to companies in the beauty and personal care sectors. Mr. Gersten was previously with North Castle from 1999 to 2007, and later, from 2007 to 2011 was with Catterton Partners. For the last 13 years, he […]
Castle Harlan and independent affiliate Branford Castle last summer teamed up to acquire Sunless, a maker of suntanning equipment based in Macedonia, Ohio. Another new deal from Castle Harlan? That might have come as a surprise to the Fortune editor who wrote the erroneous July 2015 headline, “Castle Harlan to wind down.” The misleading story […]
PE leaders are scrambling to keep up with the Covid-19 crisis. What they need is a practical way to assess risk company by company and prioritize the most effective response. By Marc Lino, Hubert Shen, Andrei Vorobyov and Hao Zhou; partners with Bain & Company’s global private equity practice As fast as the Covid-19 crisis […]
