Ken MacFadyen

InterMedia Advisors, the private equity partnership established by long-time media executive Leo Hindery Jr., has held an interim close on its inaugural fund, a $1.5bn targeted vehicle.

Chicago-based Thoma Cressey Equity Partners, a mid-market private equity shop, has closed its latest fund at $765m, easily surpassing its initial target.

After sidestepping the latest threat to portfolio-company data disclosure, VCs are growing blithe. By Ken MacFadyen.

Sun Capital’s turnaround of Musicland has hit a stumbling block, following news that the music and video retailer filed for bankruptcy protection.

Tailwind Capital has completed its spinout from investment bank Thomas Weisel, and with the split has brought on board Soros veteran Frank Sica.

Menlo Park-based tech buyout firm Francisco Partners has completed its purchase of CRM and voice application services outfit FrontRange Solutions in a roughly $200 million deal.

Toronto-based EdgeStone Capital has held an interim close as the firm looks to raise one of the larger funds in Canada.

Providence, Rhode Island-based Nautic Partners has notched another realisation, selling its CDRY Holdings carpet cleaning franchisor to Home Depot.

Orchid Asia, an early backer in Ctrip.com, has closed its latest China-focused venture fund, amassing $180m in commitments.

Chicago-based Lincoln Partners and Frankfurt’s Peters Associates have merged to create a global investment bank focused on the mid market. The deal is said to be just the first step in the combined firm’s international initiative.