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Private Equity

  • May 21, 2012

    Icahn Seizes Control Of CVR Energy Board With 80% Stake

    Activist investor Carl Icahn has ramped up his stake in Texas oil and gas refiner CVR Energy Inc. to 80 percent, giving him total control of the company's board of directors, Icahn said Monday.

  • May 21, 2012

    Davis Polk Helps Chinese Co. With $2.6B Buy Of AMC

    In one of the biggest Chinese investments in an American company to date, Dalian Wanda Group Co. Ltd. has plunked down $2.6 billion for private-equity-owned AMC Entertainment Holdings Inc., making Wanda the biggest movie theater owner in the world, according to an announcement Sunday.

  • May 21, 2012

    Credit Suisse Shuts Down €6B German Property Fund

    Unable to keep pace with payments to investors in one of Germany's biggest open-ended property funds, Credit Suisse Asset Management has decided to dissolve its €6 billion ($7.7 billion) CS Euroreal fund, according to an announcement Monday.

  • May 21, 2012

    Man Group To Drop Up To $144M On FRM Holdings

    British investment management firm Man Group PLC has agreed to buy hedge fund investment firm FRM Holdings Ltd. for up to $143.6 million including performance fees, creating what the buyer said Monday will be the largest independent fund of hedge funds based outside the U.S.

  • May 18, 2012

    Argo Tea Investor Abandons Scuffle Over Share Sale

    Walnut Private Equity Fund LP on Thursday dropped its suit in Ohio federal court aimed at derailing Argo Tea Inc.'s plan to sell common shares, a move the investor alleged would improperly eliminate its special rights as a $3.65 million preferred shareholder in the company.

  • May 18, 2012

    North Street Charts $322M Course For RV Maker Winnebago

    Iowa-based recreation vehicle manufacturer Winnebago Industries Inc. has received an unsolicited $321.5 million takeover offer from private equity firm North Street Capital LLP, Winnebago's board said Friday.

  • May 18, 2012

    Allied Systems Faces Forced Ch. 11 Over $53M PE Default

    Units of private equity firms Black Diamond Capital Partners LLC and Spectrum Investment Partners LP asked the Delaware bankruptcy court Thursday to place Allied Systems Holdings Inc. into involuntary Chapter 11, claiming the transportation company defaulted on $53 million in loan payments.

  • May 18, 2012

    Kleiner Perkins Locks In $525M For Digital Investments

    California-based venture capital outfit Kleiner Perkins Caufield & Byers closed on a $525 million fund that will place a greater emphasis on digital businesses than the firm has in the past, according to an announcement Thursday.

  • May 18, 2012

    Latham Securities Litigator Jumps To K&L Gates In Portland

    K&L Gates LLP has snapped up a securities litigation pro with employment and consumer class action experience from Latham & Watkins LLP, boosting the firm's offerings in Portland, Ore., for clients in industries like private equity and accounting.

  • May 18, 2012

    Kelley Drye Adds Cox Castle Real Estate, Private Equity Pro

    Kelley Drye & Warren LLP has added a real estate transactional partner who advises pension funds and private equity firms from Cox Castle & Nicholson LLP in Los Angeles, the firm's first real estate deal partner on the West Coast, Kelley Drye said Wednesday.

  • May 17, 2012

    JPMorgan CEO To Take The Stand Before Senate Panel

    JPMorgan Chase & Co. Chairman and CEO Jamie Dimon agreed Thursday to appear at a hearing of the U.S. Senate Banking Committee that will focus on the bank's surprise $2 billion trading loss announced last week.

  • May 17, 2012

    Robinson & Cole Adds PE, Employment Law Partners

    Robinson & Cole LLP has added a corporate mergers and acquisitions partner in New York with a small- and middle-market private equity subspecialty and hired a labor relations and employment law partner in Hartford, the firm said Tuesday.

  • May 17, 2012

    Molycorp Pump-And-Dump Investor Suits Punted To Del.

    Shareholders accusing Molycorp Inc.'s top brass and private equity backers of a $1.5 billion pump-and-dump scheme will have to re-file their derivative suits in Delaware Chancery Court after a Colorado federal judge on Wednesday deferred to the nation's premier business court.

  • May 17, 2012

    Ackman's Pershing Square Wins Proxy Battle For Canadian Rail

    Pershing Square Capital Management LP manager William Ackman won control of Canadian Pacific Railway Ltd. on Thursday after company executives abruptly resigned just hours before a shareholder vote set to replace them, ending a five-month battle for Canada's second-biggest railroad.

  • May 17, 2012

    Japanese Retailer Leads $100M Investment In Pinterest

    Social networking website Pinterest Inc., one of Silicon Valley's fastest-growing startups, has received $100 million in funding from venture capital backers led by Japanese retailer Rakuten Inc., both companies said Thursday.

  • May 17, 2012

    Agilent Says $2.2B Dako Buy Will Boost Life Sciences Biz

    Agilent Technologies Inc. will pick up Danish cancer diagnostics company Dako in a $2.2 billion debt-free deal with its current owner, Swedish private equity firm EQT, in a plan to augment Santa Clara, Calif.-based Agilent's life sciences business, the firms said Thursday.

  • May 16, 2012

    Legg Mason To Buy Back $1.25B In Notes From KKR

    Legg Mason Inc. will buy back $1.25 billion in senior notes due to New York-based private equity firm Kohlberg Kravis Roberts & Co., reducing its debt as part of a new capital plan unveiled Wednesday.

  • May 16, 2012

    British PE Firm Pulls In $57M For Wind Farm

    London private equity firm HgCapital has landed £36 million ($57.4 million) in construction and term loans from the Royal Bank of Scotland Group PLC to finance a 20.5-megawatt wind power project in northern England, according to an announcement Wednesday.

  • May 16, 2012

    River Associates Reaps $222M For Sixth Fund

    Tennessee-based River Associates Investments LLC has closed its sixth and largest broad-spectrum investment fund at $222 million, giving the lower middle-market buyout specialist flexibility to go after slightly larger investments than it has in the past, a partner told Law360 Wednesday.

  • May 16, 2012

    $140M Certiport Buy Stretches Pearson's Assessment Arm

    Pearson PLC, the world's biggest testing and education publishing company, has paid $140 million to Spire Capital Partners LLC for online certification exam provider Certiport Inc. in a bid to further expand Pearson's already-global reach, the learning company said Wednesday.