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Private Equity

  • June 12, 2012

    Car Hauler Allied Systems Secures $20M DIP Package

    A Delaware bankruptcy judge on Tuesday gave interim approval to a $20 million debtor-in-possession financing package for Allied Systems Holdings Inc., allowing the majority private-equity-owned car transport company access to $10 million in funds to address its operating expenses.

  • June 12, 2012

    MIG Capital Builds Texas Holdings With Austin Complex

    MIG Capital's real estate division has acquired The Cottages, a 330-unit luxury apartment community in Austin, Texas, and plans additional investment in the state this year, the investment company announced Monday.

  • June 12, 2012

    NewPage Aims To Block Creditor Suit Over Purchase Of Rival

    Private-equity-owned NewPage Corp. asked a Delaware bankruptcy judge on Tuesday to bar its unsecured creditors from suing over the company’s 2007 leveraged buyout of a rival paper manufacturer, calling the proposed lawsuit “unnecessary and wasteful.”

  • June 12, 2012

    Lilly Adds $20M To Investment In Chinese Drugmaker

    Eli Lilly & Co. plans to increase its investment in Chinese generic and specialty pharmaceutical manufacturer Novast Laboratories Ltd. by $20 million, the Indianapolis-based pharmaceutical giant announced Tuesday, saying the equity investment will help it build a portfolio of Lilly-branded generics in China.

  • June 12, 2012

    K&L Gates Aids Charlotte PE Firm On Urgent Care Co. Buy

    Charlotte, N.C.-based middle-market private equity firm Ridgemont Equity Partners has acquired a majority stake in an Ohio-based urgent care medical services provider, Ridgemont Equity said Tuesday.

  • June 12, 2012

    Ex-Goldman Exec To Start New PE Municipal Market Fund

    Private equity firm Fundamental Advisors LP has snagged Goldman Sachs & Co.'s former municipal trading head to launch a fund that will aim to take advantage of credit holes in the current market, Fundamental Advisors announced Tuesday.

  • June 12, 2012

    BMC Urges Shareholders To Reject Elliott Director Picks

    Embattled BMC Software Inc. called shareholders to arms Tuesday, urging stock owners to keep its board of directors intact in the face of a challenge from Elliott Management Corp. hedge funds looking to effectuate a sale of the company.

  • June 12, 2012

    Accel Invests $30M In Canadian Retail Software Co.

    California venture capital and private equity firm Accel Partners has closed a $30 million fundraising for Canadian retail software manufacturer LightSpeed Retail Inc. for the company's first-ever institutional investment, the companies said Tuesday.

  • June 11, 2012

    Baker & McKenzie Lures Away Kirkland Latin America PE Pro

    Baker & McKenzie LLP's corporate team got a boost Monday from a former Kirkland & Ellis LLP private equity transactional specialist with a focus on Latin America.

  • June 11, 2012

    Starwood Capital Snags 21-Story Midtown NYC Office

    Real estate investment firm Starwood Capital Group has purchased a 21-story retail and office building at 1372 Broadway in Manhattan from BLDG Management Co. Inc. for an undisclosed price, the firm announced Monday.

  • June 11, 2012

    Permira Pays $500M For Material Handling Systems Co.

    Intelligrated, the U.S.' biggest provider of material handling systems, has traded private equity hands, with European company Permira inking a deal valued at more than $500 million for the Gryphon Investors-owned Ohio company, according to an announcement Friday.

  • June 11, 2012

    Greenberg Adds Health Dealmaker To Orange County Office

    Greenberg Traurig LLP has snagged a former Paul Hastings LLP mergers and acquisitions pro with years of experience in the private equity, health care and life science industries for its Orange County, Calif., office, the firm announced Friday.

  • June 11, 2012

    Sagard Capital's $170M Buy To Take IntegraMed Private

    IntegraMed America Inc., the manager of outpatient specialty care facilities, plans to go private in a $169.5 million deal with private equity firm and IntegraMed shareholder Sagard Capital Partners LP, IntegraMed said Monday.

  • June 11, 2012

    OMERS PE Unit Pays $321M For UK Special Care Co.

    The private equity arm of the Ontario Municipal Employees Retirement System said Monday it will purchase Lifeways, a U.K.-based support service provider for people with certain disabilities, from private equity fund August Equity LLP in a deal reportedly worth $321 million.

  • June 11, 2012

    Apax, JMI Put Up $1B For Energy Software Co.

    Private equity firms Apax Partners Holdings Ltd. and JMI Equity Fund LP have teamed up to purchase Paradigm Ltd., a global software company that targets the oil and gas industry, for about $1 billion, the companies announced Monday.

  • June 11, 2012

    EQT Inks $2.25B Deal For Bandage Maker BSN Medical

    A unit of Sweden-based EQT will buy BSN Medical Inc. for about €1.8 billion ($2.25 billion), closing out an auction for the German medical supplies manufacturer with one of Europe's biggest private equity deals so far this year, EQT said Monday.

  • June 8, 2012

    Chesapeake Pins Hopes On Fire Sale To Fix $14B Shortfall

    Facing a $14 billion cash flow gap, a shareholder mutiny and more bad news on energy prices, Chesapeake Energy Corp. essentially hung a sign out front ahead of its annual shareholder meeting on Friday: Everything must go.

  • June 8, 2012

    Leonard Green, TPG Pay $1.7B For Wash. Thrift Store Chain

    Savers Inc. is bouncing from one private equity owner to another, having struck a $1.7 billion agreement with Leonard Green & Partners LP and TPG to recapitalize the Washington state thrift store chain, which has been controlled by Freeman Spogli & Co., according to an announcement Thursday.

  • June 8, 2012

    Ropes & Gray Aids HIG Buy Of Bankrupt Arctic Glacier

    Miami-based private equity firm HIG Capital LLC has agreed to acquire bankrupt Canadian ice maker Arctic Glacier Inc. in a transaction designed to restructure the company after it was dogged by rising debts and antitrust litigation, Arctic Glacier said Friday.

  • June 8, 2012

    Lenders W&D, CWCapital Join Forces In $220M Merger

    Maryland-based Walker & Dunlop Inc. has inked a $220 million deal for private equity-backed CWCapital LLC, creating one of the biggest commercial real estate lenders in the U.S. out of firms that posted $7.7 billion in new loans last year, W&D announced Friday.