Jennifer Harris
The global private equity firm is well on its way to a target of $12 billion for its tenth fund.
American Capital has sold Swank Audio Visuals to Code Hennessy & Simmons, earning a three times return. The firm provided $48.5 million in debt financing for the deal.
Vikram Pandit, a fund of funds entrepreneur and former Morgan Stanley executive, will lead Citi’s newly combined alternative assets and investment banking units, making him a direct report to chairman Chuck Prince.
Two years after merging video game developers BioWare and Pandemic, Elevation Partners has doubled its money by selling the combined company to Electronic Arts, led by former Elevation partner John Riccitiello.
The global private equity firm is well on its way to a target of $12 billion for its tenth fund.
American Capital has sold Swank Audio Visuals to Code Hennessy & Simmons, earning a three times return. The firm provided $48.5 million in debt financing for the deal.
Vikram Pandit, a fund of funds entrepreneur and former Morgan Stanley executive, will lead Citi’s newly combined alternative assets and investment banking units, making him a direct report to chairman Chuck Prince.
Two years after merging video game developers BioWare and Pandemic, Elevation Partners has doubled its money by selling the combined company to Electronic Arts, led by former Elevation partner John Riccitiello.
Caltius Capital Management has held a final close on its second private equity vehicle, which has commitments from limited partners including several CalPERS- and CalSTRS- backed investment vehicles.
TPG, KKR and Goldman Sachs have completed the US’ largest-ever buyout in the form of their controversial, $45 billion deal for Texas energy utility TXU.