Private Equity

  • February 17, 2011

    SEC Corruption Probe Prompts Scrutiny Of Deals

    In the wake of a U.S. inquiry into foreign bribery in the financial services industry, banks and private equity funds are putting the brakes on business deals in some of the globe's hottest markets as they make sure their transactions weren't brokered by corrupt sales agents overseas.

  • February 15, 2011

    Mayer Brown Snags Akin Gump Deal Maker For NY Office

    Mayer Brown LLP has tapped a veteran deal maker from Akin Gump Strauss Hauer & Feld LLP to serve as the new co-leader of its North American private equity practice.

  • February 14, 2011

    Debevoise Reps Clayton Dubilier In $3.2B EMS Deal

    Private equity firm Clayton Dubilier & Rice LLC announced Monday it would pay $3.2 billion to take Emergency Medical Services Corp. private, news of which sent the medical services company's shares tumbling.

  • February 14, 2011

    Ropes & Gray Lures Private Equity Atty From DLA Piper

    Ropes & Gray LLP has tapped a former partner at DLA Piper to join the private equity practice in the firm's growing London office.

  • February 11, 2011

    Barclays' Alleged Deceit May Delay $5B Del Monte Deal

    A Delaware judge overseeing a putative shareholder class action said Friday he would likely delay a private equity group's proposed $5.3 billion acquisition of Del Monte Foods Co. after hearing evidence Barclays Capital deceived Del Monte directors about the deal.

  • February 7, 2011

    Answers Shareholder Sues Over $127M Summit Deal

    An Answers Corp. shareholder on Monday launched a proposed class action aiming to block private equity company Summit Partners' $127 million cash buyout of the company, which runs Answers.com and WikiAnswers.com.

  • February 3, 2011

    Jones Day Raids Mayer Brown To Add 3 Finance Vets

    Jones Day has looked to Mayer Brown LLP to bolster its banking and finance and private equity practices, snagging three seasoned practitioners for its New York, Houston and Chicago offices.

  • February 3, 2011

    CORRECTED: DLA Piper Scores 5 Paul Hastings Attys

    Three of Paul Hastings Janofsky & Walker LLP's restructuring attorneys and two private equity attorneys have defected to DLA Piper, including the founder of Paul Hastings' Chicago office, as the firm expands its presence in the Windy City.

  • February 1, 2011

    Citigroup Acquires EMI, Cuts $3.6B In Debt

    Citigroup Inc. took over EMI Group Ltd. on Tuesday in a deal that will cut the music company's debt by 65 percent and wrest control of the label from British private equity firm Terra Firma Capital Partners Ltd.

  • February 1, 2011

    J.Crew Investors Back Out Of $10M Deal Over Buyout

    Shareholders who brought a putative class action over the proposed buyout of J.Crew Group Inc. by two private equity firms have backed out of a $10 million settlement, blaming moves by the retailer's executives to undermine the deal.

  • February 1, 2011

    Jones Day Reps Cumulus Media In $740M Radio Deal

    Cumulus Media Inc. has agreed to buy out its investment partners in radio station operator Cumulus Media Partners LLC, acquiring the remaining 75 percent of CMP from three private equity funds in an all-stock deal.

  • February 1, 2011

    Shearman Reps Birla In $875M Columbian Chem Deal

    Indian conglomerate Aditya Birla Group has reached a deal to buy carbon black producer Columbian Chemicals Co. from One Equity Partners, the private equity investment arm of JPMorgan Chase & Co., for a reported $875 million.

  • January 28, 2011

    NovaMed Investors Move To Block $214M HIG Merger

    Stockholders in ambulatory surgery center operator NovaMed Inc. have filed a putative class action seeking to block a proposed $214 million merger with a unit of private equity firm H.I.G. Capital LLC, saying the deal significantly undervalues NovaMed.

  • January 26, 2011

    Latham Reps Carlyle In Dutch Private Equity Firm Buy

    The Carlyle Group LLC on Wednesday announced plans to buy Dutch private equity investment firm AlpInvest Partners NV from European asset management giants APG and PGGM Cooperatie UA through a joint venture with AlpInvest's management.

  • January 19, 2011

    J.Crew Settles Shareholder Action Over $3B Sale

    Clothing retailer J.Crew Group Inc. has agreed to pay $10 million and implement other measures to settle a putative shareholder class action that challenged its $3 billion acquisition by private equity firms TPG Capital and Leonard Green & Partners LP.

  • January 18, 2011

    Weil Advises Advent In $1.5B Buy Of Priory From RBS

    The Royal Bank of Scotland Group PLC announced Tuesday it had agreed to sell the Priory Group, a U.K.-based provider of mental health services, to private equity firm Advent International in a deal worth up to £925 million ($1.5 billion).

  • January 14, 2011

    SEC Blasts Hedge Fund Adviser Over $53M Self-Dealing

    The U.S. Securities and Exchange Commission has accused a hedge fund adviser of siphoning $53 million of investors' money and sinking it into clean energy startups and other private equity ventures.

  • January 13, 2011

    Gibson Dunn Adds Corporate Partner in NYC

    Gibson Dunn & Crutcher LLP is growing its New York office with Willkie Farr & Gallagher LLP's Peter Hanlon, whose practice includes mergers and acquisitions, securities offerings and private equity transactions, with a focus on the energy industry.

  • January 11, 2011

    Terra Firma To Appeal Pro-Citi Verdict In EMI Suit

    British private equity firm Terra Firma Capital Partners Ltd. plans to appeal a federal jury's November verdict that dashed its hopes for compensation from Citigroup over its £4 billion ($6.2 billion) purchase of music firm EMI.

  • December 23, 2010

    Leonard Green's $1.6B Jo-Ann Buyout Triggers Probes

    Craft retailer Jo-Ann Stores Inc. has agreed to a $1.6 billion buyout by an affiliate of private equity firm Leonard Green & Partners LP, sparking probes from its shareholders’ lawyers on whether the company made proper disclosures and struck a sufficient deal.