People Moves of the Week:

Cook M&A, Houlihan Lokey, Piper Jaffray
Cook M&A names Michael Olson vice president; Houlihan Lokey hires transaction advisory head; Piper Jaffray acquires energy investment bank

Private Equity

The Rise of the Operating Partner
Baird Capital’s Roberto Ferranti, Riverside’s Jeff Goodman, Excellere’s John Lanier, Northstar Aerospace’s David McConnaughey and Graham’s Dan Soroka (pictured) help portfolio companies improve processes and trim costs

Emerging Markets

As China’s Economy Falters, Southeast Asia Attracts Dealmakers
Inexpensive manufacturing and increased consumerism make Indonesia, Malaysia, Singapore, Thailand and Vietnam appealing to private equity firms and strategic buyers from all over the world

Digital Edition


Fund of Funds, Lender

ESOP, Recapitalization

Agriculture, Natural Resources

New York, Hong Kong

Northeast US, Asia/Pacific

United States, Canada


People Database

Exclusive data on top players in capital markets

Elizabeth A. Jaworski

Director, Legal Operations

Firm: Motorola Mobility LLC

In the news: How Legal Operations Can Help You Become More Effective and Run Your Department



Lender News

Lightyear Buys Retail Lender Pathlight, Plans to Extend Loans to New Industries

The financial services-focused PE firm is also invested in Wealth Enhancement Group and Cooper Gay Swett & Crawford

Are Senior-Secured Loan JVs the Next Big Thing?

CIT and Ares have recently formed joint ventures, as larger hold sizes help bring home deals

Trading Low, BDCs will Turn to Private Markets

The majority of BDCs are trading below net asset value and can no longer raise money from the public markets

Dealmakers will Use Unitranche Loans to Finance Deals

Buyers want to close quickly and unitranche loans can help, says David Brackett, CEO of Antares Capital, which was recently sold to CPPIB

Bain Affiliate Sankaty & Deutsche Bank Pick Up GE Capital Lending and Leasing Portfolio

The deal for the Australia and New Zealand assets follows GE's divestiture of mid-market PE lender Antares Capital to CPPIB

People Moves of the Week: Golub, Hall, Victory Park

Golub hires Joseph Wilson as managing director; Hall names audit director; Victory Park adds new business development head

American Apparel's Bankruptcy Underscores Challenges for Retailers

A close look at the turnarounds of Abercrombie, American Apparel, American Eagle, Sears and Wet Seal, plus the opportunities retail troubles give middle-market dealmakers

ATL and Canadian Pension Fund Form Aircraft Lender

Sky Leasing will provide sale-leaseback financing to commercial airlines

Unitranche Loans Charm PE Firms

The loan structure has staying power and is expected to remain popular if and when interest rates rise

People Moves of the Week: Thoma Bravo, MSD, Perella Weinberg

Thoma Bravo hires Jennifer James; Michael Dell's investment managers add private equity head; Perella Weinberg expands consumer group

'Patriotic’ BDC Seeks to Tilt Social Investing to the Right

The group is looking to raise cash to fund companies involved in fossil fuels, firearms and other increasingly controversial sectors being shunned by proponents of “socially responsible investing”

Ardian's New Debt Fund Reveals Faith in European Middle Market

The PE firm, led by Dominique Senequier, will finance middle-market deals in Europe with a new debt fund that has already made nine investments

Mid-Market Loans Lure Investors

Capitala Finance, Mosiac Capital Partners and Fifth Street Senior Floating Rate line up for middle-market loans

Regulators Approve CIT-OneWest Merger — With Conditions

CIT would blow past the $50B threshold for institutions deemed systemically important as a result of the merger

Frothy Leverage Markets Move Multiples

“Multiples have moved into double-digit territory because of the emergence of the non-bank lending ecosystem,” says Rich Lawson, HGGC CEO

Mosaic’s Debut SBIC Fund Eyes Lower Middle Market

The PE firm's investments include the Apothecary Shoppe and Express Medical Transporters

Capitala Finance and Cion Create JV Fund to Invest in Mid-Market Loans

Cion is sub-advised by Apollo Investment Management

GE Sells GE Capital Europe Buyout Unit to Sumitomo Mitsui

The deal follows GE's planned sale of GE Antares to CPPIB, and fleet unit to Element Financial

GE Capital’s Fleet Assets Go to Another Canadian Company

The sale to Element Financial follows Canada Pension Plan Investment Board’s purchase of GE’s U.S. private-equity lending business, including Antares

Middle Market CLOs Face Same Headwinds As Other Lenders

Competition could increase because of Canada Pension Plan's acquisition of GE Capital's Sponsor Finance business

Round Two: BDCs Make a New Pitch for More Leverage

Legislation to increase the amount of leverage in the portfolios of BDCs will be reintroduced

Hold Size Matters in Frothy M&A Market

Buyers want to close quickly, says David Brackett, CEO of GE Antares, which was just sold to Canada Pension Plan

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