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