A day after Total SA entered exclusive negotiations to sell a French gas company for €2.4 billion ($3.25 billion) to a consortium of investors, the energy giant announced Wednesday that it is considering two major fertilizer company sales to Borealis AG.
Experts say a low breakup fee in Dell Inc.'s $24 billion leveraged buyout is both an effort by the board to encourage competing bidders to come forward and an acknowledgment that there are few, if any, to be found.
A Dell Inc. shareholder launched a class action Wednesday aiming to block the $24.4 billion leveraged buyout of the computer maker hatched by its founder and a private equity firm, alleging the “opportunistic” deal shortchanges investors.
Two former Paul Hastings LLP partners have joined King & Spalding LLP as Atlanta-based partners in the firm's financial institutions practice, the firm said Monday.
Singapore-based private equity firm Asia Growth Capital Advisors said Tuesday it has acquired a portfolio of investments in Asia from Credit Suisse Group AG, its affiliates and other investors in Credit Suisse Private Equity Asia Partners LP.
H&R Real Estate Investment Trust has banded together with a rival bidder, private equity real estate firm KingSett Capital, to beef up its takeover offer for Primaris Retail REIT, valued at CA$2.8 billion (US$2.81 billion) under the revised terms, the parties said Tuesday.
Hong Kong private equity firm Headland Capital Partners Ltd. has taken a minority stake in one of Malaysia's top snack food companies alongside its founding family, the firm said Wednesday, marking the latest deal in a burgeoning Asian food and beverage sector.
None of the four banks providing debt for Dell Inc.'s $24 billion leveraged buyout is also advising the board, suggesting Wall Street firms and the companies that hire them have learned from the recent Delaware Chancery decisions blasting banker conflicts.
Linklaters LLP's office in Singapore has picked up a corporate partner from White & Case LLP who is well-versed in mergers and acquisitions deals involving private equity houses, corporations and investment banks, the firm announced Friday.
Institutional investor TIAA-CREF has taken a 5.2 percent stake in Billabong International Ltd., the company confirmed Wednesday, betting that one of two looming AU$527 million (US$556 million) private equity-backed buyout bids pans out and sparks a turnround for the struggling clothier.
A New York bankruptcy judge on Tuesday put off a ruling on MSR Resort Golf Course LLC’s Chapter 11 reorganization plan, which includes a $1.5 billion asset sale, following a second day of lengthy testimony that included vigorous opposition from a private equity fund.
With federal contracting budgets on the wane, private equity firms are looking to snatch up bargains as contractors streamline their businesses and sell off divisions that could see reduced profits or contribute to organizational conflicts of interest.
Crowell & Moring LLP, Proskauer Rose LLP and Fulbright & Jaworski LLP were sanctioned Monday by a New York state judge, who said they shouldn't have filed "scandalous" counterclaims for their clients in a $28 million dispute over a group of banks and insurers' takeover of an auto parts maker from a private equity firm.
Investment management company Shenkman Capital Management Inc. asked a New York federal court on Monday to declare that its depiction of tortoises and use of a well-known Aesop fable in advertising materials doesn’t infringe any intellectual property rights of rival investment firm Ariel Investments LLC.
In an interview with CBS News on Sunday, President Barack Obama appeared ready to take on carried interest, the perk the private equity industry holds dearest and one of the tax code's toughest loopholes to close.
Industrial gas supplier Praxair Inc. has inked a deal to pick up beverage carbonator NuCO2 Inc. from private equity firm Aurora Capital Group for $1.1 billion, diversifying its business and growing its reach in the beverage industry, the buyer announced Tuesday.
Philippine Long Distance Telephone Co. will hand over control of its business process outsourcing unit to CVC Capital Partners-backed outsourcing specialist Asia Outsourcing Gamma Ltd., it said Tuesday, in a sale reportedly worth as much as $320 million.
Lagging PC maker Dell Inc. will go private in a $24.4 billion sale to a private equity-led buyer group that also includes the company's founder, it said Tuesday, marking one of the biggest leveraged buyouts since the financial crisis chilled dealmaking in 2008.
A BioClinica Inc. investor launched a putative class action Friday aimed at halting its acquisition by private equity firm JLL Partners Inc., claiming the announced $123 million buyout undervalues the promising provider of clinical trial management solutions.
Unsecured creditors of Allied Systems Holdings Inc. launched a $57 million adversary complaint Friday seeking to subordinate the claims of Allied's private equity owner Yucaipa Cos. Ltd., the latest salvo in a dispute over Yucaipa’s alleged scheme to wrest control of the company from creditors.