DOJ Sets Its Sights On Private Equity Firms

Law360, New York (October 10, 2006, 12:00 AM EDT) -- Confirming industry fears, the U.S. Department of Justice has launched an inquiry into the possible anti-competitive practices of private-equity firms.

Department of Justice officials have sent letters to two private equity firms, Kohlberg Kravis Roberts & Co. and Silver Lake Partners, demanding a range of information, the Wall Street Journal reported on Monday.

The DOJ has asked for material on deals and auctions to aid with its investigation, according to reports.

Private equity firms typically buy companies, then slash costs and restructure the businesses before selling...
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