The Federal Reserve granted approval on Wednesday for Seoul-based investment bank Hana Financial Group Inc. to purchase the American lending subsidiaries of Korea Exchange Bank and complete a long-stalled $3.5 billion takeover of the company from private equity firm Lone Star Funds.
Real Mex Restaurants Inc.'s unsecured creditors on Wednesday attacked the bankrupt company's motion to approve an asset sale to a group of noteholders including private equity investors, saying the noteholders' conduct will deprive them of any recovery.
European private equity firm Doughty Hanson & Co. agreed Thursday to purchase one of Spain's largest private hospital groups in a €355 million ($472 million) equity deal.
Private equity giant The Blackstone Group LP and portfolio company GeoSouthern Energy Corp. have closed a $1 billion credit facility that will be used to develop GeoSouthern's Texas oilfield plays, the companies announced Thursday.
Private equity firm The Blackstone Group LP has purchased a 3.5-million-square-foot portfolio of warehouse properties in the U.K. from leading industrial real estate developer Prologis Inc. for $335 million, Prologis said Wednesday.
Stubbornly inefficient and increasingly indispensable, health care systems are big game in today’s private equity scene as savvy investment firms hunt for turnaround opportunities. But deal makers have to run a murky gauntlet if they want to make the sector pay, private equity lawyers said.
Apollo Investment Corp. is shaking things up in 2012 as it contemplates raising up to $200 million of additional equity capital and welcomes a new president to help the firm expand its footprint, the firm announced Wednesday.
Paul Hastings LLP has picked up three partners from Baker & McKenzie LLP to bolster its restructuring, merger and acquisition and private equity practices in Frankfurt, Germany, the firm said Wednesday.
New Texas oil and gas company Lucid Energy Group LLC has launched after securing a $75 million commitment from private equity firm EnCap Flatrock Midstream and will be led by former executives from energy company Tenaska Inc., the companies announced Wednesday.
Hunton & Williams LLP has reinforced its New York mergers & acquisitions and private equity practices with the addition of former Milbank Tweed Hadley & McCloy LLP energy transactional expert John T. O'Connor, the firm said Tuesday.
The Bahraini arm of international private equity fund EMP Global said Wednesday that it has sold a 60 percent stake in a Jordanian power plant as part of a plan to wind down a decade-old $730 million Islamic infrastructure development fund.
A New York state appeals court ruled Tuesday that private equity firm MatlinPatterson Global Advisers LLC is liable for money that an affiliate of LAN Airlines SA loaned to a Brazilian carrier before a third airline bought it for $320 million.
California-based private equity firm Platinum Equity has agreed to buy DMS Health Technologies from Minnesota-based investment company Otter Tail Corp., the firm announced Monday.
A New York federal judge on Monday declined to dismiss the bulk of a lawsuit against Patriarch Partners VIII LLC in which MBIA Insurance Corp. alleges the private equity firm breached its contract to help protect some troubled collateralized debt obligations insured by MBIA.
A New York bankruptcy judge on Tuesday granted a request from General Maritime Corp.'s creditors committee to subpoena the oil tanker company's chairman, chief financial officer and others who negotiated a financing arrangement with private equity firm Oaktree Capital Management LP.
A New York state appeals court on Tuesday spared private equity firm J.C. Flowers & Co. LLC from facing a lawsuit alleging it improperly killed a $104 million deal to buy an insurance company from another private equity firm.
The California State Teachers' Retirement System, the nation's second-biggest public pension fund, said Tuesday it will invest up to $500 million in infrastructure assets, tapping an Australian fund manager to handle its first steps into the sector.
Middle East private equity firm Gulf Capital and Abu Dhabi Commercial Bank have arranged a record five-year revolving facility of 500 million Arab Emirates dirhams ($136 million) to help finance Gulf Capital’s growing pipeline of investments, the company announced on Tuesday.
The U.S. Small Business Administration filed a $6 million breach of contract suit in New York on Monday against private equity firm L Capital Partners SBIC LP, claiming it failed to keep the required amount of capital.
Private equity firm Duke Street has acquired a majority stake in the Parabis Group, the parent company of insurance litigation law firms Plexus Law and Cogent Law, in a deal that may make Parabis one of the first major U.K. law firms to be owned by a private investor, Duke Street announced Monday