Private Equity

  • October 16, 2006

    DOJ’s N.Y. Office Not Feared By Private Equity Firms

    While the federal probe into anti-competitive behavior in the private equity industry has ruffled feathers at some firms, the fact that the Department of Justice’s New York office is leading the charge has many breathing a sigh of relief.

  • October 10, 2006

    DOJ Sets Its Sights On Private Equity Firms

    Confirming industry fears, the U.S. Department of Justice has launched an inquiry into the possible anti-competitive practices of private-equity firms.

  • October 6, 2006

    King & Spalding Loses Two Private Equity Attorneys

    Nixon Peabody LLP is “aggressively expanding” its private equity practice in New York, adding four new attorneys in the past two months, including the new leader of its leveraged buyout practice.

  • July 28, 2006

    Shareholders Take Aim At HCA Buyout Deal

    In a bid to block the proposed $21.3 billion purchase of HCA Inc. by three private equity firms, the hospital chain’s shareholders are taking legal action, this week filing a series of lawsuits against the nation's largest for-profit hospital operator.

  • July 25, 2006

    Lawsuits, Investigations Unaffected By HCA Sale

    While the proposed $22 billion purchase of HCA Inc. by three private equity firms will put the company into private hands, it will not pull the hospital chain out of regulatory hot water.

  • July 20, 2006

    UBS Says Bankrupt Company Is Overvalued By $100M

    Investment bank UBS AG has accused bankrupt health food maker Nellson Nutraceutical Inc. of overstating its value by $100 million in order to ensure it stays in the hands of a private equity investor.

  • June 26, 2006

    Bankrupt PlusFunds Shells Out More Money

    PlusFunds Group Inc., the hedge-fund manager that went bankrupt in the wake of Refco Inc.’s collapse, has paid $300,000 to a private equity firm that demanded reimbursement for legal costs following a failed bid to acquire its assets.

  • May 11, 2006

    Without A Buyer, PlusFunds Plans To Shut Down

    Although bankrupt hedge fund manager PlusFunds Group Inc. had fielded two promising bids from private equity firm FTVentures and Bear Stearns Asset Management Inc. to purchase its assets just weeks earlier, it failed to secure a buyer and announced its plan to wind down its business.

  • April 25, 2006

    Bear Stearns Seeks Back-Up Bid In PlusFunds Sale

    Bear Stearns Asset Management Inc. is still fixing to purchase PlusFunds Group Inc., even though the sale of the investment-fund manager to private equity firm FTVentures has already been cleared by the bankruptcy judge.

  • April 25, 2006

    Funds Square Off Over Credit Agreement Gone Sour

    Bad investments made by private equity fund MapleWood Holdings may end up costing the firm and its manager Robert Glaser $7 million if a lawsuit brought by a lending company prevails in court.

  • April 21, 2006

    Refco CEO Asks Judge To Throw Out Suit

    Refco Inc.’s former CEO, Philip Bennett, has asked a Manhattan district court judge to throw out a $245 million criminal fraud class action suit brought against him by three funds managed by Thomas H. Lee Partners, a private equity firm that facilitated the commodity brokerage’s initial public offering last year.

  • April 12, 2006

    Is Regulation On The Way For Private Equity Groups?

    Earlier this week, four of the country’s largest buyout firms made public their plan to form a “trade body” to represent the interests of private equity groups worldwide. The move, regarded by many as a response to a recent outcry for increased regulation of private equity groups, highlights the debate over whether or not increased scrutiny of the industry is necessary.

  • March 30, 2006

    Investors To Buy Enron’s Offshore Assets For $2B

    Enron Corp.’s international assets are slated to be purchased for close to $2 billion by a group of private equity and hedge fund managers, according to the Wall Street Journal.

  • February 1, 2006

    AIG Alleges Ex-Employees Stole Information

    Insurance giant American International Group is headed back to court after filing a lawsuit against the former chief of one of its subsidiaries, alleging that the ex-CEO and several other former employees violated their noncompete agreements by starting their own private equity fund.

  • January 30, 2006

    Proxim Reaches $10.7M Lender Settlement

    Wireless equipment maker Proxim Corp.'s unsecured creditors have won approval of a settlement with the company's top lender, private equity firm Warburg Pincus LLC, lowering the lender's secured claims in its bankruptcy proceedings.

  • August 9, 2005

    Ocean Tomo Launches IP Private Equity Fund

    Merchant bank Ocean Tomo has launched an investment fund to provide private equity capital and mezzanine debt to companies with undervalued intellectual property rights, including patents and trademarks.