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Private Equity

  • February 13, 2012

    Volcker Launches Broad Defense Of Eponymous Rule

    Former Federal Reserve Chairman Paul A. Volcker on Monday launched a broad defense of proposed restrictions bearing his name on banks' proprietary trading activities on the last day for parties to comment on the rule.

  • February 13, 2012

    Rocker's PE Fund Raises $200M For African Enterprise Growth

    8 Miles LLP, the pan-African private equity firm fronted by Irish rock legend and activist Bob Geldof, has raised $200 million to support enterprise and job creation on the continent, the firm announced Monday.

  • February 13, 2012

    Kirkland & Ellis Helps Linden Buy SeraCare For $82M

    SeraCare Life Sciences Inc. will be purchased by Chicago-based private equity firm Linden Capital Partners in a deal worth $82 million, the Massachussetts-based medical diagnostics company said Monday.

  • February 10, 2012

    Perkins Coie Adds Two Business Lawyers In Boise

    Perkins Coie LLP has added two well-rounded business lawyers to its Boise, Idaho, office, bolstering the branch’s litigation and transactional practices, the firm announced Friday.

  • February 10, 2012

    Foley Adds Greenberg Private Equity Pro For Miami Office

    Foley & Lardner LLP's Miami office continued to beef up its international private equity and mergers and acquisitions expertise, nabbing a former Greenberg Traurig LLP shareholder to broaden the firm's exposure to Latin American deals, the firm announced Thursday.

  • February 10, 2012

    Aero Financial Purchases 65% Of Sycamore Ventures

    Private equity and consulting company Aero Financial Inc. will take on a 65 percent ownership interest in holding company incubator Sycamore Ventures Inc., Aero announced Friday.

  • February 10, 2012

    Noteholders Scoop Up Real Mex Assets For $126M

    Real Mex Restaurants Inc. won a Delaware bankruptcy court’s blessing Friday to sell its 178-restaurant chain and other assets to noteholders including private equity investors for $126 million in cash and credit, despite objections from unsecured creditors.

  • February 10, 2012

    Glass Co.'s Bondholders Can Try To Collect $85M: Judge

    A New York state judge refused Friday to curtail efforts by hedge fund affiliates to collect $84.5 million in unpaid bond interest from affiliates of bankrupt Mexican glassmaker Vitro SAB de CV, even though American automakers warned that the efforts could disrupt their supply chains.

  • February 10, 2012

    Catalyst Buys 49% Of Aussie Project Service Provider

    Catalyst Investment Managers Pty. Ltd. has acquired a 49 percent interest in mining and energy project service provider Morris Corp., the Australian private equity firm said Wednesday.

  • February 10, 2012

    LaSalle, Quantum Form $1B Real Estate Venture

    Swiss asset manager Quantum Global Real Estate and the investment arm of Chicago-based real estate services giant Jones Lang LaSalle Inc. have formed a joint venture to invest $1 billion in real estate across the world, the companies announced Friday.

  • February 10, 2012

    UK Insurer Phoenix Shuts Down Deal Talks With CVC Capital

    Phoenix Group Holdings, Britain’s largest manager of closed life insurance funds, has walked away from discussions about a potential takeover by private equity firm CVC Capital Partners LP, Phoenix said Friday.

  • February 9, 2012

    Barneys Enlists Kirkland's Help In Fending Off Ch. 11

    Barneys New York Inc. said Thursday it had hired Kirkland & Ellis LLP as restructuring adviser, as the struggling luxury retailer continues to try to contain a debt load from a 2007 takeover by a private equity firm that threatens to push it into bankruptcy.

  • February 9, 2012

    Turner, Sahara, Acropolis Team Up On $2.5B India Venture

    Indian real estate developer Sahara Prime City Ltd., building services company Turner Construction Co. and hedge fund firm Acropolis Capital Group on Thursday announced a joint venture to build a series of townships across India valued at about $2.5 billion.

  • February 9, 2012

    JF Lehman Scoops Up Seacor Spill Response Cos. For $97M

    Maritime-focused private equity firm J.F. Lehman & Co. agreed Thursday to purchase two of Florida-based Seacor Holdings Inc.'s emergency spill response businesses and their affiliates in a deal valued at $97 million, according to documents filed with the U.S. Securities and Exchange Commission.

  • February 9, 2012

    Fed OKs Hana's $3.5B Takeover Of Korea Exchange Bank

    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.

  • February 9, 2012

    Real Mex Creditors Accuse Noteholders Of Gamesmanship

    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.

  • February 9, 2012

    Doughty Hanson Picks Up Spanish Hospital Group For $472M

    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.

  • February 9, 2012

    Simpson Reps Blackstone On $1B Financing For TX Energy Co.

    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.

  • February 8, 2012

    Blackstone Drops $335M On UK Industrial Portfolio

    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.

  • February 8, 2012

    PE's Healing Touch Faces Test In Hospital Buys

    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.