Real estate investor Aragon Holdings LLC bought a residential complex in Kansas City, Mo., with expectations that the local economy will remain stable and the population will grow, the firm said Wednesday.
Private equity firm Stoneleigh Capital has acquired a minority interest in Atlanta-based luxury hotel management company Capella Hotel Group LLC, Capella announced Wednesday.
Many private equity limited partners suspect their money may be tied up in unprofitable zombie funds, according to one investment firm, and lawyers say there are few good choices for seeking remedy.
J.Crew Group Inc. and the private equity firms that purchased the retailer in March won final approval on Wednesday of a $16 million settlement with a class of shareholders that challenged the $3 billion buyout, despite an objection from a named plaintiff in the case.
Private equity giant TPG Capital LP has partnered with SurveyMonkey.com LLC to scoop up San Francisco-based market research software provider MarketTools Inc., TPG announced Wednesday.
It should not be true that virtually every “going private” transaction involves litigation and the attendant costs and delays. Courts need to take a tougher line against suits that do not create substantial benefits for stockholders, says Peter Rosenblum, a partner with Foley Hoag LLP and former chairman of the firm's business department.
Private equity firm Spectrum Equity Investors LP and venture capital firm Trident Capital Inc. have acquired a majority stake in Ozark, Mo.-based health care technology provider HealthMEDX Inc., the companies announced Wednesday.
The Carlyle Group LP has purchased a 42 percent stake in a Saudi Arabia-based food franchise operator that runs Domino's Pizza and Wendy's restaurants in the Middle East and North Africa, the private equity firm said Wednesday.
One of Yahoo Inc.'s largest shareholders, hedge fund Third Point LLC, fired another shot against the flagging Internet company's rumored sweetheart deal with a private equity-backed consortium Tuesday with a letter asking for the release of Yahoo's invitations to third parties for bid proposals.
A Blue Coat Systems Inc. shareholder launched a class action in Delaware on Tuesday to block the proposed $1.3 billion acquisition of the Web security company by an investor group led by Thoma Bravo LLC, calling the offer woefully inadequate.
A company owned by Australia's Champ Private Equity has agreed to pay AU$163 million (US$163.2 million) for outdoor advertising firm oOh!media Pty Ltd. in its first buyout attempt announced this year, Champ said Tuesday.
The California Public Employees' Retirement System has made a profit of nearly $700 million on a 2001 investment in California private equity firm GI Partners' first fund, it announced Tuesday.
An attorney for investors trying to buy Facebook Inc. shares told a New York state judge Tuesday that an online marketplace that matches private equity and other investors with sellers of stakes in private companies cost them $9.5 million on a bungled sale.
The aspects that have caused the most consternation and probably are in most need of reform in the current economic climate are the bank ownership limitations imposed under the Bank Holding Company Act and Federal Deposit Insurance Corp. change of ownership rules, says David Sands, a partner with Sheppard Mullin Richter & Hampton LLP specializing in corporate finance and M&A matters.
The private equity owner of Friendly Ice Cream Corp., parent of Friendly's restaurants, fired back Monday against accusations that it illegally transferred $267 million in debt to one of its affiliates in order to credit bid on the bankrupt chain while shirking pension liabilities.
The Bank of New York Mellon Corp.'s real estate investment arm Urdang Capital Management and its joint venture partner Priderock Capital Partners LLC have sold a four-building, 248-unit luxury apartment complex in Boca Raton, Fla., for an undisclosed amount, BNY Mellon said Tuesday.
Buyout firm Freeman Spogli & Co. is now in the business of selling cowboy boots, having acquired Western-themed retailer Boot Barn Inc. from private equity investor Marwit Capital after a major growth spurt, the parties announced Tuesday.
Mayer Brown LLP has hired former Bear Stearns & Co. Inc. corporate counsel and Venable LLP partner Rory M. Cohen for its growing New York corporate and securities practice, the firm said last week.
Court Square Capital Partners has taken a controlling stake in high-tech broadcaster Encompass Digital Media Inc. from shareholders including fellow New York private equity firm Wasserstein & Co. LP, Encompass said Tuesday without naming the amount of the investment.
The newly formed creditors committee of tanker operator General Maritime Corp. on Monday questioned a prepetition loan from Oaktree Capital Management LP and objected to provisions in a proposal that could leave the private equity firm holding the reorganized company after bankruptcy.