Week in Review: Shutdown, Twitter, and Fundraising

Although the US government remains partially shut down, private investors seem largely unfazed. Some initially feared that the limited operations of the SEC and other government entities would derail the recent momentum in the IPO market, but Re/Max still debuted on NYSE and Twitter revealed its $1 billion IPO plan. Depending on the duration of the shutdown, however, there may be future implications for medical device makers, other industries, and SBIC-backed lending. Most eyes seem to be on the looming debt-ceiling.

Opinions:

• Twitter is not ready for Wall Street — and is it the last big tech IPO?
• European buyouts soar in third quarter
• How to choose the right investment banker to sell your business
• Private equity fundraising still slow
• A beginner’s guide to private equity
• Do mergers hurt product quality?

Transactions:

• Catterton Partners sells Mid-Atlantic Convenience Stores to Sunoco
• Bertram Capital announces acquisition of Rowmark
• Joe’s Jeans completes $97.6M acquisition of Hudson Clothing
• TCW acquires Craton Equity Partners
• Frontier Airlines to be sold to Indigo Partners
• Strathspey Crown acquires Evolus

Member Spotlight:

Leeds Novamark Capital has announced its debut fund has closed on over $130M in committed capital to date. The fund is expected to have its final close in 2014. Leeds Novamark is targeting investments of $5M to 25M in companies with at least $2M EBITDA and is open to backing both private equity sponsor-backed transactions as well as management owned or family businesses. The fund is focused on business and information services, government services, healthcare services, financial services, consumer products and services, niche manufacturing, and education.

Connect with Leeds Novamark Capital or any of the other 13,000+ Axial Members.