Private equity secondary market

Deerfield Announces New $1.4-billion Private Investment Fund

Retrieved on: 
Wednesday, August 4, 2021
Banking, Professional Services, Finance, Alternative investment management companies, Investment, Finance, Hedge funds, Paul Capital, Private equity secondary market, Glenview Capital Management

Deerfield Management Company, a New York City-based healthcare investment firm focused on advancing healthcare through investment, information and philanthropy, today announced that it has launched Deerfield Private Design Fund V, L.P.

Key Points: 
  • Deerfield Management Company, a New York City-based healthcare investment firm focused on advancing healthcare through investment, information and philanthropy, today announced that it has launched Deerfield Private Design Fund V, L.P.
  • The investment fund held its final closing on July 30, 2021 with approximately $1.4 billion in committed capital and will provide privately structured financing for healthcare companies.
  • Deerfield currently manages approximately $14 billion in public and private healthcare investments, and has previously raised four Private Design healthcare funds.
  • Deerfield is an investment management firm committed to advancing healthcare through investment, information and philanthropy.

CenterOak Partners LLC to Sell Cascade Windows to Cornerstone Building Brands, Inc.

Retrieved on: 
Monday, August 2, 2021
Finance, Banking, Manufacturing, Other Manufacturing, Professional services, Finance, Money, Economy, Financial markets, Investment, Corporate finance, Private equity, Private equity secondary market, Cascade Windows, CenterOak Partners LLC, CASCADE WINDOWS, CENTEROAK PARTNERS LLC

CenterOak Partners LLC (CenterOak), a Dallas-based private equity firm, today announced its portfolio company Cascade Windows (Cascade), has entered into a definitive agreement to be acquired by Cornerstone Building Brands, Inc. for a cash purchase price of $245 million.

Key Points: 
  • CenterOak Partners LLC (CenterOak), a Dallas-based private equity firm, today announced its portfolio company Cascade Windows (Cascade), has entered into a definitive agreement to be acquired by Cornerstone Building Brands, Inc. for a cash purchase price of $245 million.
  • The sale, when closed, will mark CenterOak Fund Is third exit in the last twelve months.
  • Cascade is a leading independent manufacturer of vinyl windows and doors serving the Western U.S. new and retrofit single and multi-family housing market.
  • CenterOak and its Partners have managed over $2.4 billion of equity capital commitments and have completed more than 100 transactions, representing over $6.6 billion in value.

Audax Private Equity to Sell Reedy Industries to Partners Group

Retrieved on: 
Tuesday, July 27, 2021
Finance, Building Systems, Professional services, Commercial Building & Real Estate, Construction & Property, Finance, Money, Economy, Financial markets, Investment, Corporate finance, Private equity, Private equity secondary market, Private-equity fund, Audax, AlpInvest Partners, Vestar Capital Partners, Audax Private Equity, Partners Group, Reedy Industries, AUDAX PRIVATE EQUITY, PARTNERS GROUP, REEDY INDUSTRIES

Audax Private Equity (Audax) today announced that it has signed a definitive agreement to sell Reedy Industries (Reedy or the Company), a leading provider of commercial heating, ventilation and air conditioning (HVAC), to Partners Group, acting on behalf of its clients.

Key Points: 
  • Audax Private Equity (Audax) today announced that it has signed a definitive agreement to sell Reedy Industries (Reedy or the Company), a leading provider of commercial heating, ventilation and air conditioning (HVAC), to Partners Group, acting on behalf of its clients.
  • Audax Private Equity has invested over $7 billion in more than 140 platforms and over 975 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund.
  • About Partners Group Partners Group is a leading global private markets firm.
  • Since 1996, the firm has invested over USD 150 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally.

Bluebird Botanicals Acquires Precision Botanical and Receives Growth Investment from Juggernaut Capital Partners

Retrieved on: 
Friday, July 23, 2021
Private equity secondary market

With the closing of this acquisition, Bluebird continues to demonstrate its leadership in the large and fast-growing CBD industry.

Key Points: 
  • With the closing of this acquisition, Bluebird continues to demonstrate its leadership in the large and fast-growing CBD industry.
  • Were extremely proud and excited to partner with the scientists who founded Precision, as well as the talented and respected folks at Juggernaut Capital Partners.
  • In addition to the acquisition, Bluebird has received a growth investment from Juggernaut Capital Partners , a lower middle market private equity firm specializing in buyout and growth investments across the consumer and outsourced healthcare services industries.
  • Juggernaut has a family of funds representing over $1 billion of capital commitments and is currently investing out of Juggernaut Capital Partners IV, L.P.
    For more information on Juggernaut Capital Partners, please visit www.juggernautcap.com

The Future of Private Market Investing Finds Broader Access, Secondary Market Activity and Increased Liquidity Key for Growth

Retrieved on: 
Thursday, July 22, 2021
Financial markets, Private equity secondary market, Secondary market

"Sparked by broader access and greater liquidity, the private markets are creating tremendous opportunities for managers and investors alike.

Key Points: 
  • "Sparked by broader access and greater liquidity, the private markets are creating tremendous opportunities for managers and investors alike.
  • Our survey provides critical insight into the shifting role of private markets, how retail is influencing their trajectory, and why the secondary market is essential to understanding the broader transformation."
  • 401(k)s and other retirement plans will include more private assets and private market strategies, initially packaged in collective investment trusts and/or embedded in target-date funds to gain market share.
  • "The growing alignment between GPs, LPs and regulators has driven improved private market access and increased liquidity," continued Cipriano.

Eaton Partners Acts as Exclusive Placement Agent and Financial Advisor to Allied Industrial Partners

Retrieved on: 
Thursday, July 22, 2021
Eaton Partners, Private equity secondary market, Stifel, Eaton, Service companies, Financial services, Companies

ROWAYTON, Conn., July 22, 2021 (GLOBE NEWSWIRE) -- Eaton Partners (Eaton), one of the largest placement agents and financial advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to announce that it has acted as exclusive financial advisor and placement agent for Allied Industrial Partners LLC (AIP), an industrial focused private equity firm based in Houston, Texas.

Key Points: 
  • ROWAYTON, Conn., July 22, 2021 (GLOBE NEWSWIRE) -- Eaton Partners (Eaton), one of the largest placement agents and financial advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to announce that it has acted as exclusive financial advisor and placement agent for Allied Industrial Partners LLC (AIP), an industrial focused private equity firm based in Houston, Texas.
  • The Eaton team is honored to have advised AIP through the capital raise process and to have assisted AIP with this transformative investment, said Peter Martenson, Partner at Eaton Partners.
  • Eaton Partners subsidiary Eaton Partners (U.K.) LLP is authorized and regulated by the Financial Conduct Authority (FCA).
  • Eaton Partners and the Eaton Partners logo are trademarks of Eaton Partners, LLC, a limited liability company.

Kohlberg & Company Completes $1.1 Billion Continuation Vehicle Transaction With BlackRock, GIC and Lexington Partners

Retrieved on: 
Tuesday, July 20, 2021
Banking, Professional services, Finance, Finance, Money, Investment, Kohlberg Kravis Roberts, Equity securities, Private equity secondary market, Kohlberg & Company, Private equity, Gic, Lexington Partners, Banking, Professional services, Finance, Finance, Money, Investment, Kohlberg Kravis Roberts, Equity securities, Private equity secondary market, Kohlberg & Company, Private equity, Gic, Lexington Partners, Kohlberg & Company, BlackRock Alternative Investors, GIC, Lexington Partners, KOHLBERG & COMPANY, BLACKROCK ALTERNATIVE INVESTORS, GIC, LEXINGTON PARTNERS

Kohlberg & Company (Kohlberg), a leading private equity firm with over 34 years of experience, closed a $1.1 billion Continuation Vehicle transaction co-led by affiliates of BlackRock, GIC and Lexington Partners.

Key Points: 
  • Kohlberg & Company (Kohlberg), a leading private equity firm with over 34 years of experience, closed a $1.1 billion Continuation Vehicle transaction co-led by affiliates of BlackRock, GIC and Lexington Partners.
  • The Continuation Vehicle encompasses the remaining assets of Kohlberg Investors VII (Fund VII), a 2012 vintage fund with $1.6 billion in capital commitments, and is the first continuation vehicle to be established by Kohlberg.
  • We are pleased to present Fund VIIs Limited Partners with this opportunity Kohlbergs first continuation vehicle, said Samuel P. Frieder, Managing Partner of Kohlberg.
  • We believe this transaction provides our Limited Partners with the maximum optionality to make the best choice for their investment objectives.

Melissa Klafter Joins AE Industrial Partners as Partner, CFO

Retrieved on: 
Tuesday, July 20, 2021
Private equity secondary market

BOCA RATON, Fla., July 20, 2021 /PRNewswire/ --AE Industrial Partners, LP ("AEI"), a private equity firm specializing in Aerospace, Defense & Government Services, Space, Power Generation, and Specialty Industrial markets, announced today that financial services veteran Melissa Klafter has joined the firm as a Partner and its Chief Financial Officer effective immediately.

Key Points: 
  • BOCA RATON, Fla., July 20, 2021 /PRNewswire/ --AE Industrial Partners, LP ("AEI"), a private equity firm specializing in Aerospace, Defense & Government Services, Space, Power Generation, and Specialty Industrial markets, announced today that financial services veteran Melissa Klafter has joined the firm as a Partner and its Chief Financial Officer effective immediately.
  • AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power generation, and specialty industrial markets.
  • AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets.
  • AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment.

Holley Announces Closing of Business Combination With Empower

Retrieved on: 
Friday, July 16, 2021
Professional services, Aftermarket, Automotive, Finance, Articles, Finance, Investment, DB Group, MidOcean Partners, Private equity secondary market, Matthew Rubel, Rubel, Board of directors, Special-purpose acquisition company, Holley Performance Products

Holley Inc. (Holley or the Company), the largest and fastest growing platform in the enthusiast branded performance automotive aftermarket category, today announced the closing of its previously announced business combination with Empower Ltd. (Empower), a publicly traded special purpose acquisition company formed by MidOcean Partners.

Key Points: 
  • Holley Inc. (Holley or the Company), the largest and fastest growing platform in the enthusiast branded performance automotive aftermarket category, today announced the closing of its previously announced business combination with Empower Ltd. (Empower), a publicly traded special purpose acquisition company formed by MidOcean Partners.
  • Matthew Rubel, Chief Executive Officer and Executive Chairman of the Board of Directors of Empower, will serve as Chairman of the Board of Directors at Holley.
  • We are pleased to close the business combination with Holley and officially list the Company on the New York Stock Exchange, said Matthew Rubel, the Chairman of Holleys Board of Directors.
  • Empower was a blank check company formed by MidOcean Partners whose business purpose was to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

David Markson Joins Evercore as Managing Director in the Firm’s Private Capital Advisory Group

Retrieved on: 
Wednesday, July 14, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Evercore, Markson, Private equity secondary market, EVR, Secondaries, New York Stock Exchange, Private equity

Evercore (NYSE: EVR) announced today that David Markson has joined the Firms Private Capital Advisory group (PCA) as a Managing Director.

Key Points: 
  • Evercore (NYSE: EVR) announced today that David Markson has joined the Firms Private Capital Advisory group (PCA) as a Managing Director.
  • Mr. Markson will be based in New York and will focus on advising limited partners on secondary market transactions and providing execution services.
  • Mr. Markson commented, Evercores PCA group is the leading global advisor in the private equity secondaries market and I am delighted to join this team.
  • Nigel Dawn, Head of PCA, commented: I am delighted to welcome David, James and Michael to Evercores PCA business.