Private Equity

Jersey Mike’s: Deal Signed With Blackstone For A Reported $8 Billion

By Amit Chowdhry ● Yesterday at 3:52 PM

Jersey Mike’s Subs, a leading franchisor of fast-casual submarine sandwich stores known for fresh grilled subs, announced it has reached an agreement under which private equity funds managed by Blackstone – led by Blackstone’s most recent flagship private equity vehicle – will buy a majority ownership position in Jersey Mike’s. While the official figure was undisclosed, sources with The Wall Street Journal reported the deal was valued at $8 billion.

Bain Capital: Global Special Situations Fund Closed At $9 Billion

By Amit Chowdhry ● Nov 18, 2024

Bain Capital announced it completed fundraising for its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of funds to $9 billion. This capital base includes Global Special Situations Fund II, which received $5.7 billion in total commitments, including co-investments and separately managed accounts, and $3.3 billion from the firm’s previously closed Special Situations Asia and Europe regional funds. This fundraising sets up Bain Capital as one of the largest special situations investors in the world.

The D. E. Shaw Group: $1 Billion Raised For Alkali Fund VI

By Amit Chowdhry ● Nov 15, 2024

The D. E. Shaw group - a global investment and technology development firm - announced that it has raised $1 billion in commitments for D. E. Shaw Alkali Fund VI. This closed-end vehicle will pursue a multi-strategy investment style and invest primarily in corporate debt, structured credit, synthetic securitizations, and other specialty asset classes.

Arketi Group Raises Funding From Pair Of Private Equity Firms

By Amit Chowdhry ● Nov 14, 2024

Arketi Group, a digital marketing and public relations agency for business-to-business (B2B) technology companies, announced that it has partnered with private equity firms Go Capital and Station Partners to lead a new B2B marketing and communications agency platform.

Godspeed Capital: $675 Million Fund III Closed At Hard Cap

By Amit Chowdhry ● Nov 11, 2024

Godspeed Capital Management LP - a lower middle-market Defense & Government services, solutions, and technology-focused private equity firm - announced today the final close of Godspeed Capital Fund III LP with $675 million of total investor capital commitments at the fund’s hard cap. And in combination with the firm’s predecessor funds, Godspeed Capital has raised over $1.1 billion in capital commitments since its inception in 2021.

HMC Capital To Buy iseek In $A400 Million Deal

By Amit Chowdhry ● Nov 11, 2024

HMC Capital announced it has entered into agreements to acquire iseek, a leading Australian co-location data center operating platform, as part of an A$400 million deal.

Nuveen: Katherine Elmore-Jones Named Named As Partner And Head Of Private Equity Business Development In Europe

By Amit Chowdhry ● Nov 11, 2024

Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital (NPC) announced Katherine Elmore-Jones has joined as a Partner and Head of Private Equity Business Development in Europe. And Elmore-Jones will be based in Arcmont’s London office and report to Chris Freeze and David Burnside, Co-Heads of NPC Business Development.

Centana Growth Partners Buys Majority Stake In First Connect Insurance Services

By Amit Chowdhry ● Nov 11, 2024

Centana Growth Partners—a growth equity firm specializing in the financial services ecosystem—announced that it has acquired a majority stake in insurance technology platform company First Connect Insurance Services (formerly an indirect wholly-owned subsidiary of Hippo Holdings). Aviad Pinkovezky will continue as President and has been named CEO post-closing.