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.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.