Private EquityRSS

  • April 19, 2012

    Goldman Ducks German Bank's Appeal Of $37M MBS Suit

    The Second Circuit on Thursday upheld a lower court's dismissal of Landesbank Baden-Wurttemberg's fraud suit accusing Goldman Sachs & Co. of duping it into purchasing $37 million in rotten mortgage-linked securities.

  • April 19, 2012

    Feds To Liquidate PE Unit For Small Biz Lending Breach

    The U.S. Small Business Administration won court approval Thursday to take control of a subsidiary of private equity firm L Capital Partners LLC that lent out $96 million in federal funds and violated guidelines meant to limit risk.

  • April 19, 2012

    Fed's Volcker Rule Grace Period Eases Bank Uncertainty

    The Federal Reserve's Thursday announcement that banks have at least a full two years to comply with the still unfinished Volcker Rule should ease concerns over what will happen when the rule goes into effect in July, attorneys said.

  • April 19, 2012

    McDermott Snags Former McGuireWoods Life Sciences Chair

    McDermott Will & Emery LLP has lured the former chair of McGuireWoods LLP's life sciences industry group to its corporate advisory team, strengthening the firm's life sciences practice with the transactions specialist, the firm announced Thursday.

  • April 19, 2012

    NY Investors Snap Up $66M Brooklyn Retail, Apt. Parcels

    A pair of New York real estate investors, RedSky Capital LLC and Waterbridge Capital LLC, plunked down more than $66 million for a package of contiguous mixed-use parcels spanning more than 110,000 square feet along Bedford Avenue in the Williamsburg section of Brooklyn, the deal's broker announced Wednesday.

  • April 19, 2012

    KSL Again Raises Offer In Great Wolf Bidding War

    Stakes were raised in the bidding war between two private equity giants over Wisconsin-based water park operator Great Wolf Resorts Inc. when one of the firms, KSL Capital Partners LLC, upped its acquisition offer to $7.25 per share in cash, Great Wolf said Thursday.

  • April 19, 2012

    NewPage Creditors Tap Cerberus For Insider Trading Info

    In pursuit of potential insider trading claims, NewPage Corp.'s unsecured creditors asked a Delaware bankruptcy judge on Wednesday to force majority owner Cerberus Capital Management LP to turn over data on the private equity firm's trades in NewPage debt.

  • April 19, 2012

    KKR, Goldman Funnel $52M Into Indian Logistics Co.

    Private equity giant Kohlberg Kravis Roberts & Co. is teaming up with Goldman Sachs Group Inc. to inject 2.69 billion rupees ($52 million) into India's TVS Logistics Services Ltd. to help the service provider grow its business, the companies announced Thursday.

  • April 19, 2012

    CVR Drops Poison Pill Blocking $2.6B Icahn Buyout

    CVR Energy Inc. on Thursday ended a bitter, monthslong battle over activist investor Carl C. Icahn’s $2.6 billion hostile takeover attempt, announcing it has dropped a poison pill blocking the deal and agreed to let Icahn’s $30 per share offer proceed.

  • April 19, 2012

    KKR Pours $196M Into Chicago-Area Mall

    Private equity giant Kohlberg Kravis Roberts & Co. has made its first equity investment through its new real estate group, putting about $196 million into the Yorktown Center mall outside Chicago, the buyout firm announced Thursday.

  • April 18, 2012

    Feds Charge 3 In $15M Litigation Investment Scheme

    Federal prosecutors in New York charged three men on Wednesday with bilking $15 million from hundreds of people who believed their money would be invested by private equity firms in personal injury litigation.

  • April 18, 2012

    PE Firm Serves Up Fresh Suit Over Subway CEO's Investor Beef

    Private equity firm Lincolnshire Management Inc. sued former investor and billionaire founder of the Subway sandwich chain Fred DeLuca in New York state court Wednesday, alleging he interfered with a settlement between the firm and its estranged ex-CEO in order to initiate shareholder litigation.

  • April 18, 2012

    Syncora Says $496M Toll-Road Bonds Had Hidden Potholes

    Monoline insurer Syncora Guarantee Inc. sued several infrastructure investment companies, including the securities arm of Macquarie Group, in New York state court Wednesday for allegedly downplaying the risk of $496 million worth of toll road-backed bonds it insured.

  • April 18, 2012

    Brookfield Realty Cancels $500M IPO

    Brookfield Realty Capital Corp. on Wednesday filed to withdraw its $500 million initial public offering, blaming bad market conditions for finally stalling out its two-year-old plans.

  • April 18, 2012

    AllianceBernstein Seals Up $680M PE Real Estate Fund

    Asset management firm AllianceBernstein LP announced Wednesday that it has closed on its first private equity real estate fund at $680 million and plans to primarily use the capital to buoy borrowers looking to restructure and recapitalize distressed assets in the U.S. market.

  • April 18, 2012

    Avista Unit Pays $1.5B To Acquire Cable Provider Knology

    An Avista Capital Partners subsidiary will buy cable and Internet provider Knology Inc. in a $1.5 billion deal that will expand the private equity firm's digital entertainment interests to cover 13 states in the Midwest and Southeast, it said Wednesday.

  • April 18, 2012

    Investors Demand Goldman Execs’ Evals In Bid-Rigging Row

    Investors leading a putative class action against Goldman Sachs Group Inc. on Tuesday asked a Massachusetts federal judge to force the company to turn over executives’ self-evaluations, which they say detail a price-fixing scheme to profit from more than 20 leveraged buyouts.

  • April 18, 2012

    Paul Hastings Helps Starwood Spend $1.2B On Westfield Malls

    The Westfield Group will sell eight U.S. shopping centers for $1.15 billion to Starwood Capital Group and an unnamed buyer to focus on new developments, including its mall at the new World Trade Center in New York, the company said Wednesday.

  • April 17, 2012

    Montagu Drops £200M To Net UK College Of Law

    Montagu Private Equity will buy U.K.-based College of Law for more than £200 million ($319 million) in a deal that will split the college's legal education business from its charity, Montagu said Tuesday.

  • April 17, 2012

    Bankrupt Paper Co. Seals $12M Sale To Watermill Group

    A Delaware bankruptcy judge gave Manistique Papers Inc. the green light Tuesday to sell its assets to The Watermill Group for $12.3 million, bolstering the private equity firm’s portfolio of recycled-paper manufacturers.