Items Tagged with 'Private equity'

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  • Private equity firm Thomas H. Lee Partners takes ownership stake in Guaranteed Rate

    Firm makes “material capital and strategic investment” in growing lender
    Back in October, private equity firm Thomas H. Lee Partners acquired a majority interest in Ten-X, the parent company of Auction.com, but that’s not the only significant investment in the housing industry that the firm is making this year. The firm is also investing in Guaranteed Rate and taking an ownership stake in the growing retail mortgage lender.
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  • Former Treasury Secretary Jacob Lew joins private equity firm

    Becomes partner at Lindsay Goldberg
    Former Department of the Treasury Secretary Jacob Lew is returning to the private sector. Lew, who served as Treasury secretary from 2013 through end of the Obama administration earlier this year, is joining Lindsay Goldberg, a private investment firm, as a partner.
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  • Apollo Management warned wealthy ex-partner to stop stealing, but he kept doing it anyway

    Charged with taking money from clients for personal expenses
    The temptation for one millionaire to keep stealing proved to be his undoing, if a recent report proves true. According to the Securities and Exchange Commission, Mohammed Ali Rashid, a now-former senior partner at Apollo Management, was told twice by the private equity firm to stop stealing clients' money. They say he kept doing it anyway.
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  • Private equity firm Thomas H. Lee Partners acquires majority interest in Ten-X

    Previous owners, including Google Capital, will hold minority share
    Ten-X, the parent company of Auction.com, has experienced significant growth ever since the company received a $50 million investment from Google Capital back in March 2014. Now, the company is setting the stage for its next phase. Ten-X announced Wednesday that Thomas H. Lee Partners, a private equity firm, is acquiring a majority stake in the company.
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  • LoyaltyExpress plans expansion after investment from New Capital Partners

    Will expand offerings, bring on additional staff
    LoyaltyExpress, a provider of marketing automation and CRM solutions for mortgage companies and banks, announced Wednesday that it secured an investment from New Capital Partners, a private equity firm focused on financial and health care services. LoyaltyExpress said that the company plans to use the money to grow it business.
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  • Safeguard launches $100 million private equity fund

    Plans to expand into “complimentary markets”
    “We’re looking to partner with companies that have a compelling operating strategy and where we can invest for the long-term,” said Alan Jaffa, CEO of Safeguard Properties and Safeguard Capital Group advisory board member. “Our focus is on business services companies in varying degrees of transition that can benefit from the vast resources of Safeguard Properties.”
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