GTCR, Exec To Pour Up To $500M Into New Investment Vehicle
By Karlee Weinmann
Law360, New York (September 25, 2013, 7:54 PM EDT) -- Chicago private equity firm GTCR LLC has partnered with the former CEO of VeriFone Systems Inc. to pour up to $500 million into a new California-based venture aimed at picking up companies operating in the financial services sector and other related assets, it said Wednesday.
GTCR will sink up to $450 million into the new operation, known as Opus Global Holdings LLC, while Opus Global's incoming CEO Douglas Bergeron will fork over up to $50 million to round out the investment. The firm did not say...