Great Wolf Resorts Inc. switched sides Sunday in the private equity bidding war to buy it, declaring a $234 million offer from KSL Capital Partners as superior to a signed merger agreement with Apollo Global Management.
A New York judge on Thursday refused to dismiss a lawsuit against TAP Automotive Holdings LLC in which private equity firm Irving Place Capital is seeking to recover $28 million in debt it says was wiped out during a 2006 takeover of the auto parts maker by banks and insurers.
Private equity firm Lone Star Funds has agreed to purchase a former Lehman Brothers Holdings Inc. real estate loan investment vehicle worth €1.4 billion ($1.8 billion) from Deutsche Bundesbank for an undisclosed sum, the central German bank announced Friday.
Just two weeks after rescuing The Game Group PLC's British assets from bankruptcy, a company advised by London-based private investment firm OpCapita LLP has bought the Spanish assets of the leading European video game retailer out of administration, it announced Friday.
Los Angeles-based private equity firm OpenGate Capital LLC has acquired French monthly consumer magazine Reponse a Tout! from French magazine publisher Groupe Ayache, OpenGate announced Friday.
A New York-based global private fund firm run by three former Goldman Sachs Group Inc. executives has closed its second opportunistic investment fund, focused on commercial real estate and banking investments, after raising $4 billion in capital commitments, the firm said Thursday.
A fund affiliated with private equity firm Cartesian Capital Group LLC told a New York state appeals court Thursday that the founder of E. Oliver Capital Group LLC is personally liable for a $45 million loan the fund made to a telecom company.
An eResearch Technology Inc. shareholder moved Wednesday to block Genstar Capital LLC's $400 million bid for the biopharmaceutical research provider with a class action alleging the offer is inadequate and tainted by a board member's conflict of interest.
A bankruptcy judge on Wednesday approved a $63.3 million settlement between enterprise software company CDC Corp. and hedge fund Evolution Capital Management LLC, putting to bed a dispute over a failed initial public offering that forced the software company to seek Chapter 11 protection.
Hunton & Williams LLP has secured two prominent real estate lawyers for its New York capital finance and real estate team, luring both Herrick Feinstein LLP’s real estate department chair and its real estate private equity chair to join as partners, the firm announced Wednesday.
Activist investor Carl Icahn stepped up his pressure Thursday on Amylin Pharmaceuticals Inc. over the company's alleged rejection of a $3.5 billion offer from Bristol-Myers Squibb Co., filing suit to force the drugmaker to open its books and records to shareholders.
Private equity firms are set to take more companies public now that the Jumpstart Our Business Startups Act streamlines the process, but less red tape and lighter costs are not enough to spark an initial public offering bonanza, attorneys tell Law360.
A corporate transactional attorney with a subspecialty in private equity has left Greenberg Traurig LLP to become a corporate health industry partner in McDermott Will & Emery LLP's Miami office, McDermott said Wednesday.
Packaged ice leader Reddy Ice Holdings Inc. filed for Chapter 11 protection Thursday, setting in motion plans to cut down its $471 million debt through an investment deal with hedge fund Centerbridge Partners II LP and the acquisition of bankrupt competitor Arctic Glacier Income Fund.
Private equity giant Kohlberg Kravis Roberts & Co. has signed up to give China's largest cord blood bank operator an injection of $65 million to help the company expand its services across the country, KKR announced Thursday.
Morgan Stanley's private equity investment arm has raised a total of $1.3 billion for a fund and related accounts that specialize in buyouts and venture capital investments, the investment bank announced Wednesday.
Industrial Opportunity Partners LLC, a private equity firm focused on automotive suppliers and other manufacturing companies, has closed its second fund at $275 million, powering its way past a $250 million target in just three months, the firm said Wednesday.
The U.S. Securities and Exchange Commission said Wednesday that it would begin accepting comments on the Jumpstart Our Business Startups Act, opening the door to droves of securities attorneys anxious to weigh in on the recently signed law.
A New York federal judge on Tuesday ordered The Blackstone Group LP and several current and former executives to disclose all their investments in real estate and several other industries in a putative class action alleging the private equity giant withheld information from investors.
Activist investor Carl Icahn has raised his stake in WebMD Health Corp. for the third time in three months, up to 13.12 percent from 11.64 percent, the health information website revealed Wednesday.