How selling to yourself became private equity’s go-to deal

How selling to yourself became private equity’s go-to deal

Private equity firms have a new set of buyers for their portfolio companies: themselves. Blackstone, EQT, BC Partners and Hellman & Friedman are among the buyout groups to have sold companies to funds that they control this year, or made plans to do so. Although...
Private equity firm Permira to buy majority stake in Boats Group

Private equity firm Permira to buy majority stake in Boats Group

Private equity firm Permira said on Tuesday it will acquire a majority stake in online classifieds marketplace Boats Group from Apax Partners funds. The financial details of the deal were not disclosed.  The deal for Boats, which mainly serves the recreational marine...
Oceanpine Capital Hits $400Mn Final Close of Fund II

Oceanpine Capital Hits $400Mn Final Close of Fund II

This is the first time Oceanpine has sought funding from external LPs since its inception in Dec 2016. That year, the firm set up its $400 million debut fund using GP’s internal capital. Founder Dave Chenn, who previously established a multi-billion-dollar...