A Delaware bankruptcy judge on Tuesday granted a private equity backer of Digital Domain Media Group Inc. standing to challenge a $70 million claim from the special-effects shop's senior noteholders, which the investor says was bloated by an unlawful default penalty.
European competition regulators on Tuesday conditionally approved Swedish paper-based packaging manufacturer Billerud AB's $400 million acquisition of industry rival Korsnas, pending a planned divestment of Korsnas' kraft paper business to address potential reduced competition issues.
A New York state judge said Monday that the ex-chairman of Markstone Capital Group LLC, convicted for his role in a “pay-to-play” scheme involving New York's largest pension fund, could walk without any prison time, after downgrading his felony conviction to a misdemeanor.
The Carlyle Group LP has closed its first energy lending fund with nearly $1.4 billion in capital commitments, far outstripping the private equity giant's fundraising goal of $750 million, Carlyle said Tuesday.
Energy-focused private equity firm First Reserve Corp. will nab a controlling stake in Ameriforge Group Inc., a manufacturer of products and systems for the gas and power-generation industries, to bolster its equipment portfolio, the buyer said Tuesday.
Apollo Global Management LLC is buying the education business of The McGraw-Hill Cos. Inc. for $2.5 billion, betting that fresh capital and a global growth strategy can turn a lagging competitor into a leader in classroom technology.
Goldman Sachs Group Inc. and Deutsche Bank AG on Monday sold off nearly $1.2 billion worth of converted Barclays PLC shares for state-owned private equity firm Qatar Holding LLC, which picked up the stock rights during Barclays' controversial £11.6 billion ($18.4 billion) capital raise of 2008.
Chinese pork processor Zhongpin Inc. has agreed to go private in a sale to a buyer group including its CEO and investment firm Golden Bridge Holdings Ltd. that values the company at roughly $503 million, it said Monday.
Private equity-backed nutrition company NBTY Inc. has shelled out $78 million for Balance Bar Co., maker of the eponymous health bars, hoping to tap into what it says is a $1 billion U.S. nutritional snack industry, according to a Monday securities filing.
Jenner & Block LLP's Chicago office has picked up a private equity and mergers and acquisitions pro from the partner ranks of McDermott Will & Emery LLP to help chair one of its practices, the firm announced Monday.
Versa Capital Management LLC has picked up outdoor apparel retail chain Eastern Mountain Sports Inc. in a deal that could see tie-ups with Bob's Stores, another Versa portfolio company and EMS competitor, the private equity firm said Monday.
New York private equity giant Kohlberg Kravis Roberts & Co. LP will acquire California-based Alliant Insurance Services Inc., the largest specialty insurance brokerage firm in the U.S., from The Blackstone Group LP, KKR announced Friday.
L'Oreal SA will purchase the Urban Decay makeup brand from consumer product-focused private equity firm Castanea Partners in a move to broaden its upscale offerings for younger customers, the French cosmetics giant said Monday.
Canadian private equity firm Onex Corp. will purchase New York insurance broker USI Insurance Services LLC from a private fund managed by Goldman Sachs Group Inc. in a deal worth $2.3 billion, USI announced Monday.
The U.S. Treasury Department on Tuesday objected to turnaround artist Wilbur L. Ross Jr.'s bid to purchase First Place Bank out of Chapter 11 for $45 million, saying the government would not be able to recoup its nearly $73 million bailout of the struggling Ohio-based bank.
Private equity-backed emerald miner Gemfields PLC on Wednesday inked an agreement to merge with Faberge Ltd., onetime maker of jeweled eggs for the Russian imperial family, through a stock swap that values the famed jewelry design house at $142 million.
Goodwin Procter LLP has added former Allen & Overy tax partner Ben Eaton, who has expertise in tax issues related to investment funds and real estate transactions, to its London office, the firm announced Wednesday.
German chemical conglomerate BASF SE has launched a nearly 5 billion kroner bid for Norwegian fish oil producer Pronova BioPharma ASA that already has the backing of private equity investors who control 60 percent of the target company's share capital, the parties announced Wednesday.
A JDA Software Group Inc. shareholder launched a putative class action Tuesday alleging the company’s board rushed into RedPrairie Corp.’s $1.9 billion private equity-backed buyout, ignoring conflicts of interest and shortchanging investors in the process.
Oaktree Capital Management LP has increased its stake in Pulse Electronics Corp. to 49 percent, according to a statement Wednesday from the Pennsylvania-based maker of magnets, antennas and other electronic components, which has lost 94 percent of its market value since mid-2011.