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Private Equity

  • December 14, 2011

    Aragon Bets On Kansas City Market With Apartment Buy

    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.

  • December 14, 2011

    Stoneleigh Nabs Minority Stake In Hotel Management Firm

    Private equity firm Stoneleigh Capital has acquired a minority interest in Atlanta-based luxury hotel management company Capella Hotel Group LLC, Capella announced Wednesday.

  • December 14, 2011

    Slaying A 'Zombie' No Easy Task For Limited Partners

    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.

  • December 14, 2011

    J.Crew Gets Final Nod On $16M Deal Over PE-Led Buyout

    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.

  • December 14, 2011

    TPG, SurveyMonkey Team Up On MarketTools Buy

    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.

  • December 14, 2011

    Q&A With Foley Hoag's Peter Rosenblum

    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.

  • December 14, 2011

    Choate Hall Aids Investment Firms In HealthMEDX Buy

    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.

  • December 14, 2011

    Carlyle Group Nabs 42% Stake In Saudi Fast Food Co.

    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.

  • December 13, 2011

    Yahoo Should Release Letters Inviting Bids: Investor

    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.

  • December 13, 2011

    Blue Coat Investor Challenges $1B Thoma Bravo Deal

    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.

  • December 13, 2011

    Aussie PE Firm Champ Picks Up Advertiser For $163M

    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.

  • December 13, 2011

    CalPERS Nets $700M Profit Off PE Investment

    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.

  • December 13, 2011

    SecondMarket Bungled Facebook Share Sale: Atty

    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.

  • December 13, 2011

    Q&A With Sheppard Mullin's David Sands

    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.

  • December 13, 2011

    Friendly's $267M Debt Transfer Was Legal: PE Owner

    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.

  • December 13, 2011

    PE Joint Venture Sells Fla. Building Complex

    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.

  • December 13, 2011

    Freeman Spogli Nabs Boot Retailer From Marwit Capital

    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.

  • December 13, 2011

    Mayer Brown Nabs Ex-Venable Investment Expert

    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.

  • December 13, 2011

    Dechert Guides Court Square To Purchase Encompass

    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.

  • December 12, 2011

    General Maritime Creditors Balk At Oaktree Ties

    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.