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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.