Telus Corp. has settled a dispute with New York hedge fund Mason Capital Management LLC, one of its major shareholders, closing out litigation over the Canadian telecommunications giant’s plan to do away with its dual-share structure, it said Friday.
Software maker Compuware Corp.'s board of directors spurned a $2.3 billion bid from activist hedge fund Elliott Management Corp. on Friday and outlined a new company strategy that calls for spinning off its Covisint Corp. unit after an initial public offering.
Jackson Partners LLC and McClinton Energy Group told a Texas federal judge Thursday that they had agreed to settle their dispute over whether the oilfield servicer had agreed to give the private equity firm a 5 percent stake in exchange for its help with financing.
With nearly 350 attorneys and almost as many clients, Kirkland & Ellis LLP boasts what is likely Big Law's biggest and broadest private equity practice. In 2012, it proved it was one of its most capable, too, tackling a dozen billion-dollar buyouts from large-cap investors and covering the middle market from Chicago to Shanghai.
TPG Capital has beefed up its tech portfolio with the acquisition of two investment management software systems from private equity-backed ConvergEx Holdings LLC that will merge, then gobble up Tradar Ltd., which makes portfolio management software, the parties announced Wednesday.
Duane Morris LLP has bolstered its corporate practice with the addition of David A. Sussman, the former co-chairman of Day Pitney LLP's private equity and investment funds group, as a partner in its Newark, N.J., office, the firm announced Thursday.
A month after announcing a $3.7 billion take-private deal, Chinese digital advertising agency Focus Media Holding Ltd. disclosed recently that it is under investigation by the U.S. Securities and Exchange Commission concerning the purchase and resale of several companies.
A Goodwin Procter LLP private fund mergers and acquisitions attorney with extensive cross-border experience has joined Reed Smith LLP as a partner in New York, Reed Smith said Thursday.
London-based Darwin Private Equity LLP will scoop up an ownership share in children's food maker Plum Organics in exchange for adding its Plum Baby Ltd. premium baby food line to the company, Darwin said Thursday.
A former Akin Gump Strauss Hauer & Feld LLP private equity fund formation attorney who represents U.S.-based firms on their fundraising activities in emerging markets has joined Covington & Burling LLP as a corporate partner in the firm's New York City office, Covington said Tuesday.
Starwood Property Trust and Starwood Capital Group have pooled their resources and plan to scoop up LNR Property LLC for $1.05 billion from a consortium of investment and banking firms, significantly expanding Starwood Property’s global scale and distressed assets business, the companies said Thursday.
Private equity powerhouse KKR & Co. LP has scooped up a substantial minority stake in a Bermuda investment manager whose $8 billion in assets are largely insurance-linked securities tied to natural disaster and weather risk, the buyer said late Wednesday.
Thirty months after passage of the Dodd-Frank Act, regulators have finalized fewer than half of the reform package's required rules, feeding uncertainty for the housing market, derivatives traders and other financial sector interests, the U.S. Government Accountability Office reported Wednesday.
The Blackstone Group LP has teamed up with former top brass of Iberdrola SA’s renewables arm to form a new energy company focused on developing large-scale power projects in Latin America, Europe and the Middle East, according to a Wednesday statement.
A Black Diamond Capital Management LLC co-founder scared away more than two dozen investors by spreading false information about the private equity firm when he left to form a rival, a Black Diamond attorney told a New York appeals court Wednesday.
Private equity-held direct marketer Vertrue LLC and its holding company Velo Holdings LLC got the go-ahead Wednesday to make their way out of bankruptcy less than a year after filing for Chapter 11 protection, with a New York bankruptcy judge approving their reorganization plan.
Private equity firms, hedge funds and other unsecured creditors of Hostess Brands Inc. on Tuesday protested the nearly $14 million breakup fee attached to a proposed $390 million stalking horse bid for the bankrupt bakery company's bread division.
Kirkland & Ellis LLP is pumping up its transactional capabilities in China, plucking a Paul Weiss Rifkind Wharton & Garrison LLP mergers and acquisitions and private equity specialist as the newest partner in its Hong Kong office, the firm said Wednesday.
Ethos Private Equity Ltd. has closed its sixth fund with more than $800 million in capital commitments from investors across four continents, exceeding its fundraising target of $750 million, the South Africa-based private equity firm said Wednesday.
Bahraini investment firm Investcorp SA has scooped up FishNet Security Inc. with an eye toward expanding the company's international reach, it said Wednesday, lifting ownership from fellow private equity outfit Lake Capital Management LLC.