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Private Equity

  • February 15, 2012

    PE Firm Grabs Stake In Chinese Waste Treatment Operator

    New Jersey-based private equity firm Hudson Clean Energy Partners has acquired a minority interest in Chinese waste treatment operator GSE Investment Corp. in an effort to bolster its international portfolio of environmentally protective companies, Hudson announced Wednesday.

  • February 15, 2012

    KKR Affiliate, Others To Keep Petroplus Plant Running

    Morgan Stanley Capital Group Inc., KKR Asset Management LLC and AtlasInvest have teamed up to keep the U.K. facility of bankrupt Petroplus Holdings AG running for at least the next three months, the oil refiner's administrator PricewaterhouseCoopers LLP said Wednesday.

  • February 15, 2012

    Tucker Ellis Taps Business Ace To Lead Team

    Tucker Ellis & West LLP has hired the business and tax department chair of Ulmer & Berne LLP to lead its own business team, with a practice focused on mergers and acquisitions, private equity, real estate, and commercial and corporate finance, the firm announced Friday.

  • February 14, 2012

    Graceway Settles Claims With GTCR For $6M

    Graceway Pharmaceuticals LLC on Tuesday asked a Delaware bankruptcy court to sign off on a $6 million settlement with private equity firm GTCR Golder Rauner LLC over potential claims from a 2010 tax distribution.

  • February 14, 2012

    SBA To Liquidate JH Whitney Unit

    The U.S. Small Business Administration on Friday took control of a subsidiary of buyout firm J.H. Whitney & Co. that it says has lent out $93 million in agency money and violated guidelines meant to limit risk.

  • February 14, 2012

    PE Firm Accel-KKR Launches $700M Fund

    California-based private equity firm Accel-KKR has begun raising its fourth fund with a target of closing on $700 million in capital, according to filings with the U.S. Securities and Exchange Commission on Friday.

  • February 14, 2012

    Diamondback Energy Files For $50M IPO

    Diamondback Energy Inc., a west Texas oil company formed by Connecticut-based private equity firm Wexford Capital LP, filed Tuesday with the U.S. Securities & Exchange Commission for a $50 million initial public offering.

  • February 14, 2012

    SAC Ramps Up Apple Stake To $433M In 4th Quarter

    Hedge fund giant SAC Capital Advisors LP dramatically boosted its stake in Apple Inc. in the fourth quarter of 2011 and finished the year holding $433 million in the tech titan's stock, SAC said Tuesday in a regulatory filing.

  • February 14, 2012

    Black Diamond-Sponsored GSC Ch. 11 Plan Confirmed

    After nearly two years of contentious proceedings, a 10-minute hearing was all it took to bring GSC Group Inc.'s bankruptcy to a close Tuesday, with a New York bankruptcy judge approving a Black Diamond Capital Management LLC-sponsored Chapter 11 plan for the investment management firm.

  • February 14, 2012

    EDG Partners Closes 2nd Health Care Fund At $178M

    EDG Partners LLC, a private equity firm targeting the health care sector, has closed its second fund at $177.8 million after more than two years of fundraising, it said Tuesday.

  • February 14, 2012

    Gulfstream Trustee Says Execs Shouldn't Get D&O Cash

    The liquidating trustee for Gulfstream International Group Inc., the airline bought from bankruptcy by private equity firm Victory Park Capital, objected Monday to a bid by six former executives and directors for $815,000 in insurance money to pay for a securities fraud settlement.

  • February 14, 2012

    Carlyle Makes $1B Deal To Sell Cash Handling Co.

    Japanese money handling equipment maker Glory Ltd. will buy U.K.-based competitor Talaris Ltd. from private equity firm The Carlyle Group LP for £650 million ($1 billion) — nearly twice the firm's original 2008 investment, Carlyle announced Tuesday.

  • February 13, 2012

    Dover Corp. To Acquire Swiss Polymer Melt Specialist

    Dover Corp. will acquire Swiss polymer melt specialist Maag Group from Scottish industrial investor Clyde Blowers Capital and Swiss private equity house CGS Management, Dover announced Monday.

  • February 13, 2012

    Ropes & Gray Snags Fund Partner From White & Case

    Ropes & Gray LP has lured away a partner with extensive experience in private equity, real estate and venture funds from White & Case LLP to launch its private investment funds group in London, the firm announced Monday.

  • February 13, 2012

    Rohatyn Nabs 60% Stake In Asian Infrastructure Funds

    The Rohatyn Group, a New York-based private investment firm, will take a 60 percent stake in CapAsia, the private equity arm of Malaysia's CIMB Group Holdings Bhd. focused on infrastructure investments in Central Asia, the firm said Monday.

  • February 13, 2012

    Obama Aims To Close 'Tax Loophole' On PE Profits

    President Barack Obama said Monday that he is aiming to trim $13.5 billion from the federal budget shortfall over the next 10 years by doing away with the capital gains tax rate for carried interest, a move that will likely ruffle feathers in the private equity community.

  • February 13, 2012

    SEC Puts PE Firm Practices Under The Microscope

    The U.S. Securities Exchange Commission has launched an investigation into practices by private equity firms, turning its attention to an industry that has previously escaped much regulator scrutiny, according to news reports Saturday.

  • 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.