Bain Capital in talks to buy Consolis; No dice on KKR’s proposed Tatts takeover; H.I.G. backs Royo; Brentwood looks to raise $750M for latest vehicle
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Daily Pitch: PE
December 28, 2016
Like our newsletter? The data comes from the PitchBook Platform — our data software for VC, PE and M&A
Today's Top Stories
2016 Year in Review: Top 5 PE deals, exits & funds
Much of the story of private equity in 2016 involves a scaling back from 2015, when deal activity across just about every sector reached a decade high. By and large, that reduction in scope carries over to some of the year's biggest headlines, too.

But there are still, of course, plenty of deals and vehicles worth highlighting that can help reveal...
read more
Share:   Email    LinkedIn    Tweeter    Facebook
Ads
2016 Year in Review: 9 reports you won't want to miss
Over the past year, we have invested a lot into our growing team of research analysts and the reports they help produce.

Here's a look at some of our best work: Get free access to any of our reports here.
Share:   Email    LinkedIn    Tweeter    Facebook
Recommended Reads
Shira Ovide and Lisa Abramowicz try to figure out what private equity firms can learn from the ghosts of buyouts past. [Bloomberg]

How a former PayPal employee turned himself into Silicon Valley’s favorite magician. [BuzzFeed]

What companies can learn from private equity firms about corporate governance. [Harvard Business Review]

Sex, drugs and pension funds. [Forbes]
Share:   Email    LinkedIn    Tweeter    Facebook
Ads
Since yesterday, the PitchBook Platform added:
93
Deals
1070
People
522
Companies
2
Funds
See what our data software can do
 
Today's Headlines
  The Daily Benchmark  
  2007 Vintage US Venture Funds with Software Investments  
  Completed PE Deals  
  DPC completes two acquisitions to create flooring platform  
  Transaction Advisors Deals Forum: Private Equity & Middle Market Transaction Structuring | Winter 2017  
  Europe  
  Bain Capital in talks to buy Consolis  
  Arlington Capital buys Molecular Products  
  H.I.G. backs Royo  
  Clessidra to sell most of stake in Buccellati  
  Fundraising News  
  Brentwood looks to raise $750M for latest vehicle  
  Varsity Healthcare raises $300M for second fund  
  Investor News  
  No dice on KKR’s proposed Tatts takeover  
 
 
Ads
The Daily Benchmark
2007 Vintage US Venture Funds with Software Investments
Median IRR
12.65%  
Top Quartile IRR Hurdle Rate
17.55%  
0.73x
Median DPI
1.59x
Median TVPI
Fund name IRR
Avalon Ventures VIII 52.50%
Emergence Capital Partners Fund II 46.10%
Foundry Venture Capital 2007 44.02%
Grotech Partners VII 42.95%
*IRR: net of fees
117 Funds in Benchmark »
Benchmark, Peer Group & Returns Data on 20K Funds
 
Share:   Email    LinkedIn    Tweeter    Facebook
Ads
Completed PE Deals
DPC completes two acquisitions to create flooring platform
Rye, NY | PE/Buyout
Dunes Point Capital has acquired Floors and Malibu Acceptance, with plans to merge the two Texas-based flooring companies. With six retail centers, four design centers and four builder operation centers, Floors designs, sells and installs flooring products. Malibu is also a flooring designer and installer operating in 13 states.
Lender:
Cerberus Business Finance
Advisors:
Kirkland & Ellis (legal), Alvarez & Marsal Transaction Advisory Group (financial), MAB Corporate Advisors (financial)
View details
 
View 19 investments »
 
Share:   Email    LinkedIn    Tweeter    Facebook
Transaction Advisors Deals Forum: Private Equity & Middle Market Transaction Structuring | Winter 2017
This forum on January 12, 2017 at the JW Marriott in Chicago will provide unique insights on a range of M&A issues including valuation, equity & convertible debt structures, legal & tax considerations, intellectual property, and negotiation strategies.

Session topics include; Monetizing IP: Extracting value from Trade Secrets, Patents and other Intellectual Property; Methods for Maximizing Value in M&A Tax Structures; and Innovations in M&A Deal Terms.

There will be no better forum to discuss and consider these key issues than the Transaction Advisors Deals Forum in Chicago on January 12.

Register now with code PBUser to receive a $100 discount.
Share:   Email    LinkedIn    Tweeter    Facebook
Europe
Bain Capital in talks to buy Consolis
Building Products | Paris, France | Secondary Buyout
Bain Capital has entered exclusive discussions to buy Consolis, a manufacturer of pre-cast concrete products, from LBO France. LBO France has backed Consolis since buying the company from IK Investment Partners in 2006.
View details
 
View 175 comparables »
 
Share:   Email    LinkedIn    Tweeter    Facebook
Arlington Capital buys Molecular Products
Devices and Supplies | Essex, UK | Buyout
Arlington Capital Partners has acquired Molecular Products, a manufacturer of advanced chemistry products for the healthcare, defense and industrial markets that specializes in carbon dioxide removal, oxygen generation and the filtration of harmful emissions. The company previously received a £4 million investment from Business Growth Fund in 2014.
Investor:
Arlington Capital Partners
View details
 
View 196 comparables »
 
Share:   Email    LinkedIn    Tweeter    Facebook
H.I.G. backs Royo
Home Furnishings | Valencia, Spain | PE Growth
The European arm of H.I.G. Capital has made a significant investment in Royo Group, a manufacturer of bathroom furnishings and appliances. The company’s management team led by CEO Raúl Royo will remain intact.
Investor:
H.I.G. Capital
View details
 
View 104 comparables »
 
Share:   Email    LinkedIn    Tweeter    Facebook
Clessidra to sell most of stake in Buccellati
Luxury Goods | Milan, Italy | Corporate Acquisition
Clessidra Capital Partners and the company's family ownership have agreed to sell an 85% stake in Italian jeweler Buccellati to Chinese conglomerate Gangtai Group (SSE: 600687) in a deal that values Buccellati at €230 million, according to the Financial News. The sale comes three years after Clessidra purchased a 67% stake in the company and will see Clessidra and the Buccellati family retain a combined 15% stake.
Seller:
Clessidra Capital Partners
Buyer:
Gangtai Group
View details
 
View 73 comparables »
 
Share:   Email    LinkedIn    Tweeter    Facebook
Fundraising News
Brentwood looks to raise $750M for latest vehicle
Los Angeles, CA | Buyout
Brentwood Associates has set a $750 million target for its sixth flagship fund, according to an SEC filing. The firm closed its previous fund on $688 million in 2014, surpassing an initial $500 million target.
View fund
 
View 108 investments »
 
Share:   Email    LinkedIn    Tweeter    Facebook
Varsity Healthcare raises $300M for second fund
Los Angeles, CA | Buyout
Varsity Healthcare Partners has reached its $300 million target for the firm's second buyout fund, according to an SEC filing. Varsity was founded in 2012 and closed its debut healthcare fund on $240 million two years later.
View fund
 
View 12 investments »
 
Share:   Email    LinkedIn    Tweeter    Facebook
Investor News
No dice on KKR’s proposed Tatts takeover
New York, NY | PE/Buyout
Australian gaming and lottery operator Tatts has decided a takeover offer mounted earlier this month by a KKR- and Macquarie-led group is “not superior” to the company’s previously agreed upon deal to sell itself to gambling rival Tabcorp, according to reports. The KKR consortium had reportedly offered between A$4.40 and A$5 per share, while Tabcorp’s bid was A$4.34 per share.
View details
 
View 907 investments »
 
Share:   Email    LinkedIn    Tweeter    Facebook
VIDEO OF THE DAY
 
Overview: The PitchBook Platform
More video walkthroughs »
 
 
About PitchBook | Terms of use | Advertise with us | Contact

Follow us:   in   twtr   fb

This email was sent to newsletter@newslettercollector.com via the PitchBook Platform

Do you want to change your email address, get a different edition or unsubscribe? Manage your subscription here.

© 2016 PitchBook Data. All rights reserved.
M&A, private equity and venture capital financial information technology provider.