Private EquityRSS

  • March 20, 2012

    Fox Paine Says Former Exec Gave Fund Stake To Rival

    Private equity firm Fox Paine Capital International GP LP sued a former executive in Texas court Tuesday, saying he violated partnership agreements by surreptitiously transferring his interest in a firm fund to a former Fox Paine partner operating a competing business.

  • March 20, 2012

    Riverkeeper Backs Blackstone’s $2B Canada-NYC Power Line

    Riverkeeper Inc., the influential New York environmental group, came out in support Monday of a planned settlement that would allow a unit of Blackstone Group LP to build an estimated $2 billion, 330-mile underwater cable that would bring hydroelectric power from Quebec to New York City.

  • March 20, 2012

    CVR Energy Rips Icahn's 'Detrimental' $2.6B Takeover Bid

    Texas oil and gas company CVR Energy Inc. hurled another public jab Monday at investor Carl Icahn in a bitter battle over his $2.6 billion takeover bid, calling his wooing of shareholders a distracting and detrimental campaign.

  • March 20, 2012

    Insight Affiliate Forks Over $192M For Air Filter Maker

    An affiliate of private equity firm Insight Equity Holdings LLC has inked a $192 million deal to acquire Flanders Corp., one of the largest manufacturers of air filters and air-handling and air-containment systems in North America, Flanders said Monday.

  • March 20, 2012

    Perkins Lures K&L Finance, Restructuring Specialist

    Perkins Coie LLP has bolstered its Chicago-based business practice with the addition of a K&L Gates partner specializing in debt finance and restructuring transactions for private equity funds, financial institutions and public and closely held companies, particularly in media and telecom, the firm announced Monday.

  • March 19, 2012

    Gibson Dunn Aids Williams In $2.5B Caiman Energy Unit Buy

    Williams Partners LP has agreed to buy private equity-backed Caiman Energy’s unit Caiman Eastern Midstream LLC for $2.5 billion as part of its ongoing bid to pursue liquids-rich natural gas in the Marcellus Shale, the partnership said Monday.

  • March 19, 2012

    AboveNet Goes Private, Lures PE Backers In $2.2B Deal

    AboveNet Inc., an operator of fiber optics networks, has agreed to be taken private by Zayo Group LLC in a $2.2 billion deal that includes equity stakes by buyout firms GTCR LLC and Charlesbank Capital Partners LLC, the company said Monday.

  • March 19, 2012

    Jones Day Takes 3 From Foley's Private Equity Team

    Jones Day has dipped into Foley & Lardner LLP's private equity and venture capital group to find three partners to supplement its own corporate practice, the firm announced Monday.

  • March 19, 2012

    United Retail Landlords Balk At Proposed Sale

    The landlords of properties leased to women's clothing retailer United Retail Group Inc. objected Friday to a proposed deal with stalking horse bidder Versa Capital Management, demanding that the stores continue to comply with the obligations in their leases before a buyout is approved.

  • March 19, 2012

    Investcorp Snags Student Assessment Co. From PE Firm

    London-based alternative investments specialist Investcorp International Ltd. announced Monday it has picked up a British student assessment company from private equity firm Veronis Suhler Stevenson for an undisclosed amount.

  • March 19, 2012

    Blackstone To Drop $100M On SocGen RE Loan Portfolio

    New York private equity giant Blackstone Group LP will buy a U.S. commercial property loan portfolio from French bank Societe Generale SA for roughly $100 million, two people familiar with the matter said Monday.

  • March 19, 2012

    EC Aims To Focus Regulatory Glare On Shadow Banking

    The European Commission on Monday unveiled a broad outline for bringing the so-called shadow banking system, which includes hedge funds and private equity funds, under stricter regulatory supervision by extending existing rules for banks to other financial institutions engaging in similar activities.

  • March 19, 2012

    2 NY Utilities Reject $2B Blackstone Power Line Plan

    Two Empire State utilities on Friday rejected a proposal to allow a unit of Blackstone Group LP build an estimated $2 billion cable bringing hydroelectric power from Quebec to New York City, but environmental regulators backed the plan.

  • March 19, 2012

    Marubeni To Scoop Up UK Offshore Wind Power Installer

    Japan's Marubeni Corp. will buy a British offshore wind farm builder from U.S. private equity firm Riverstone Holdings LLC, marking another step for slow-starting Japanese companies into offshore wind power, Marubeni said Monday.

  • March 19, 2012

    Kirkland Helps Vista Make $2B Bid For Software Co. Misys

    California private equity firm Vista Equity Partners has put in a official £1.27 billion ($2 billion) cash offer for banking software maker Misys PLC, sprinting ahead in a takeover race against rival investors, Misys said Monday.

  • March 16, 2012

    ResCap Ch. 11 Looms Closer As Buyout Rumors Swirl

    Ally Financial Inc. unit Residential Capital LLC is expected to seek Chapter 11 protection and a possible sale to Fortress Investment Group LLC in coming weeks, as it reels from steep losses in the faltering mortgage market, according to Friday news reports.

  • March 16, 2012

    India Proposes Tax On Foreign Mergers

    Indian lawmakers on Friday proposed a new tax on foreign mergers, a move experts said could further curb investor enthusiasm already dampened by regulatory hassles, budget woes and concern over an economic slowdown.

  • March 16, 2012

    Lender Wants $80M From PE-Backed Buyer Of Jameson Inns

    A New York lender on Thursday demanded that a unit of private equity firm JER Partners repay more than $80 million in outstanding mezzanine loans that had been used to acquire more than 100 hotels in the now-bankrupt Jameson Inns chain.

  • March 16, 2012

    O'Melveny Pilots Pera To $52M Turkish Fund Closing

    Pera Capital Partners' mid-market Turkish private equity fund closed Friday with more than €40 million ($52 million) in commitments on its way to a target of €120 million, as firms begin to establish footholds in the up-and-coming Turkish private equity scene.

  • March 16, 2012

    Arise, London PE Firm Partner In 250-MW Swedish Wind Farm

    Sweden's leading onshore wind power company, Arise Windpower AB, and London-based private equity and venture capital firm Platina Partners LLP joined forces Friday to finance, develop and operate a 160- to 250-megawatt wind farm in southern Sweden.