The management and supervisory boards of German retailer Douglas Holding AG recommended Friday that its shareholders approve a €1.5 billion ($2 billion) buyout bid launched last month by the company’s founding family and private equity firm Advent International Corp.
Mergers and acquisitions lawyers who labor over elaborate closing conditions, breakup fees and other conventional safeguards against failed deals are wasting their time, according to a new study set to be published in the Cornell Law Review.
Dutch health sciences company Royal DSM will acquire nutrient manufacturer Fortitech Inc. in a $634 million deal that will buy out private equity firm Trilantic Capital Partners’ stake in Fortitech, the companies announced Thursday.
A fall sprint to close deals and record profits before an expected tax hike — a rush likely reinforced by President Barack Obama's re-election — could spell a quiet start to 2013, attorneys said, bad news for a weak pipeline that has recovered slowly and unevenly since the financial crisis.
Barclays PLC on Thursday urged a federal judge to reject what it called an “overly zealous” document request from private equity firms involved in a long-running battle over $2.2 billion of the Republic of Argentina's money held in U.S. banks the firms say should be used to repay the country's 2001 default.
Lathrop & Gage LLP said Thursday it has bolstered its environmental practice group in Chicago by adding a former Ice Miller LLP partner with experience in private equity matters.
An attorney for Amaranth Advisors LLC asked a New York state appeals court on Thursday to revive its allegations that executives at its clearing broker, JPMorgan Chase & Co., talked another company out of saving the faltering hedge fund with a $1.85 billion rescue package, speeding its infamous 2006 demise.
New York private equity firm Cortec Group has acquired a controlling stake in bar code scanner and point-of-sale system provider BarcodesInc from fellow middle-market investor Thompson Street Capital Partners, the two said Tuesday.
Boston Scientific Corp. will purchase private equity-backed medical device maker Vessix Vascular Inc. in a deal worth up to $425 million, giving it control over Vessix’s novel V2 blood pressure-control catheter system, the companies announced Thursday.
The global co-head of Allen & Overy LLP's private equity group, who also focuses on mergers and acquisitions, is jumping to Simpson Thacher & Bartlett LLP to join its London office as a partner in its corporate practice, Simpson Thacher said Thursday.
Texas petrochemical products company TPC Group Inc. on Thursday approved a boosted private equity buyout bid worth $713 million, halting negotiations with other prospective purchasers after the buyers padded their offer by 12.5 percent to answer shareholders’ pricing concerns.
The Delaware Supreme Court on Wednesday affirmed a ruling that the manager of a limited-liability company had breached fiduciary duties implicit in its LLC agreement in a deal for a golf course, but rejected a trial judge's pronouncement that the state's Limited Liability Company Act imposes “default” fiduciary duties upon LLC managers.
The Carlyle Group LP has found a bright spot in a tough fundraising market, announcing Wednesday that it raised $1.1 billion for a U.S.-focused middle-market buyout fund.
Gov. Mitt Romney's defeat on Tuesday leaves the industry that catapulted him to wealth bruised from a tough campaign and tasked with telling its own story to an American public leery of Wall Street profiteers, according to attorneys, insiders and media professionals.
Texas private equity fund Admiral Capital Real Estate Fund has partnered with Atlanta developer Wood Partners to buy up more than 200 units in Atlanta's luxury residential building The Brookhaven, the companies said Wednesday.
President Barack Obama's re-election, coupled with victories for key U.S. Senate Democrats on Tuesday, will likely spur financial regulators to take a tougher stance with banks that have long been fighting their efforts to implement the administration's Dodd-Frank Act reforms, experts say.
Private equity giant Carlyle Group LP on Wednesday walked away from takeover talks with flagging military contractor Chemring Group PLC, bringing negotiations to an end after U.K. regulators had twice pushed back the firm’s deadline to make a bid.
India's Gulf Oil Corp. Ltd. has agreed to pick up specialty chemicals and lubricant manufacturer Houghton International Inc. from New York private equity firm AEA Investors LP for $1 billion, Gulf Oil said Wednesday.
Hawaii's Big Island Carbon LLC, a private-equity funded firm that hoped to cash in by producing premium specialty carbon from the shells of macadamia nuts, sought Chapter 7 protection in Delaware bankruptcy court Monday, listing assets and debts between $10 million and $50 million.
Private equity house Warburg Pincus LLC inked a deal to transfer ownership of Illinois-based Scotsman Industries Inc., the world's largest commercial ice machine maker, to Italian food service conglomerate Ali Group SpA, the target announced Tuesday.