Entries tagged "New Mountain Capital"
At The Deal's Fifth Annual Private Capital Symposium Mathew Lori, managing director at New Mountain Capital LLC, and Alan Jones, co-head of global private equity at Morgan Stanley, discussed private equity transactions and how leveraged lending markets are affecting middle-market company valuations. "Because it is hard to get access to credit, you know the valuations are more reasonable, and you can structure them better. And I think that for fundamentally good companies, those deals still will trade," Lori said. "This environment is and should be one of the greatest environments for putting money to work in private equity," Jones said....
A consortium of private equity firms has launched Tygris Commercial Finance Group Inc. with more than $1.75 billion in equity committed to offer liquidity and growth capital to U.S. midmarket companies in light of the current credit environment....
A jump-start for megabuyouts may be in the works as private equity firms are kicking the tires on multibillion-dollar bids for Royal Bank of Scotland Group plc's insurance arm. Texas-based buyout shop TPG Capital is reportedly considering a $15.9 billion offer for the unit. ...
In spite of tight credit markets and an economic downturn, private equity firms are still able to pull in plenty of capital, particularly in the middle market where deals are still getting done at a steady pace. Exemplifying the strength of the middle market is SFW Capital Partners LLC's announcement it has completed its first round of fundraising. In an exclusive, The Deal's Nathaniel E. Baker reports that the two-year-old New York-based private equity firm has completed its first round of fundraising with a $300 million close. ...
