Sam Sutton
It never rains but it pours for Bain Capital. As if the whole Mitt Romney thing wasn’t causing enough trouble, now the Boston-based buyout shop is being hammered by a local paper in St. Louis for shutting down one of the city’s two hip-hop and R&B stations.
TorreyCove Capital Partners’ contract, which was scheduled to expire at year’s end, has been extended through 2014.
The Halifax Group, which first organised the fund in 2010, beat its fundraising target by $43m in its final close of Halifax Capital Partners III.
Sentinel Capital Partners’ $319m third fund, which is fully invested, completed 15 deals since its launch in 2005.
Russell Investments' former CEO Andrew Doman will take over the reins at Premium Credit, which specialises in insurance payment plans.
The sale of vitamin maker Schiff is expected to produce a healthy return for TPG's growth arm, which helped to bring in a new management team and led two add-on acquisitions.
The Blackstone Group and AnaCap Financial Partners are planning to invest in Europe’s banking and financial services sector. Deals will include capital from Blackstone Capital Partners VI.
The $89bn retirement system unveiled commitments to Nautic Partners VII, Clearlake Capital Partners III and Silver Lake Partners IV in its October meeting materials.
Mauricio Salgar is taking over from Diego Serebrisky, who led the Bogotá office for just one year.
TowerBrook Capital Partners is seeking $3bn for its fourth fund more than a year after generating a 3x return on its Jimmy Choo investment.