Private Equity

  • June 27, 2007

    Private Equity Firms Ready For More Lawsuits: Survey

    Private equity firms have braced themselves for a surge in lawsuits as shareholders and regulators increase their scrutiny of the industry, a study reveals.

  • June 15, 2007

    Bill Takes Aim At Private Equity IPOs

    Prompted by the upcoming initial public offering by Blackstone Group, two senators have introduced a bill that would tax limited partnerships as if they were corporations.

  • June 4, 2007

    TXU Shareholder Suit Tossed

    A Texas judge has thrown out a shareholder class action filed against the directors of energy company TXU Corp. in the wake of its $32 billion buyout by two private equity firms, ruling that the shareholders do not have the right to pursue claims against the company's directors.

  • May 23, 2007

    Private Equity Deals Spark Antitrust Debate

    Billion dollar buyouts by groups of private equity funds have regulators questioning whether these joint bids violate antitrust laws. But while some call the deals clear-cut examples of collusion, others argue that they are protected by securities laws, touching off a debate that may affect companies and shareholders across the country.

  • May 3, 2007

    Private Equity To Drive Tower's Exit From Ch. 11

    An infusion of cash from private equity firm Cerberus Capital Management LP will fund Tower Automotive Inc.’s exit from bankruptcy by the end of July, a Tower spokesman said Thursday.

  • May 2, 2007

    Allied's Ch. 11 Plan Draws Objections

    The Allied Holdings Inc. shareholder behind a district court lawsuit claiming that a private equity fund and a labor union violated racketeering laws when they laid the groundwork for Allied's proposed Chater 11 plan has filed an objection to the proposed restructuring plan in bankruptcy court.

  • April 19, 2007

    Cerberus May Bow Out Of $3.4B Delphi Bid

    The hedge fund that's leading the private equity charge to buy Delphi Corp. for $3.4 billion may pull out due to disagreements over the company’s future profitability and stalled talks with its unions.

  • April 17, 2007

    Delphi's Bail-Out Hits Snag Over Wage Talks: Report

    A bid by a private equity firm to buy Delphi Corp. for $3.4 billion has reportedly hit a snag after a union refused to submit to demands to reduce wages and benefits to new and future employees.

  • April 12, 2007

    Lawmaker Sends TXU Allegations To State AG

    Responding to allegations that TXU Corp. and the private equity firms vying to buy it may have acted illegally, a Texas legislator said he will send the case to the state attorney general for a deeper investigation.

  • April 9, 2007

    TXU Says It Will Not Shut Power Plants

    TXU Corp. has promised it will not shut down any power plants, after the private equity firms that bid to buy the utility firmly balked at a regulatory filing in which the company suggested it would close certain plants in order to avoid a $210 million fine.

  • April 2, 2007

    Husband And Wife Named In TXU Insider Trading Suit

    A British couple is only the latest group of investors to see funds suspended amid allegations that it engaged in insider trading related to the purchase of energy company TXU Corp. by private equity firms.

  • March 29, 2007

    Vinson & Elkins

    When private equity firms Texas Pacific Group and Kohlberg Kravis Roberts & Co. needed legal representation in the $45 billion deal to acquire Dallas-based utility TXU, they turned to the energy lawyers at Vinson & Elkins, a firm that’s been focused on energy work since 1917.

  • March 28, 2007

    Judge Extends Asset Freeze For TXU Investors

    Investors accused by securities regulators of insider trading in relation to the purchase of energy company TXU Corp. by private equity firms have once again had their assets frozen by a federal court.

  • March 2, 2007

    TXU Faces Class Action Suits Over Buyout

    Several class action lawsuits have been filed by TXU Corp. shareholders who are challenging the $32 billion leveraged buyout of the energy company by private equity firms.

  • February 28, 2007

    Allied To Support Union, Equity Firm's Plan

    When bankrupt auto hauler Allied Holdings Inc. couldn’t reach an agreement with its unionized workers on cost reductions, a private equity firm stepped in and negotiated a restructuring plan with the union. Allied filed court papers on Friday agreeing to become a co-proponent of the plan.

  • February 28, 2007

    Baker Botts

    When private equity firms Kohlberg Kravis Roberts & Co. and Texas Pacific Group finalized their acquisition of Dallas-based energy company TXU earlier this week, they immediately named Baker Botts partner and former U.S. Secretary of State James A. Baker as the advisory chairman to the investment group.

  • February 27, 2007

    SEC To Probe Trades Before TXU Buyout

    The high volume trading that occurred just before the $32 billion leveraged buyout of energy company TXU by private equity firms Kohlberg Kravis Roberts & Co. and Texas Pacific Group has prompted U.S. regulators to launch an investigation.

  • February 2, 2007

    Outback Owner In Shareholder Suit Over $3.2B Buyout

    OSI Restaurant Partners Inc., owner of the Outback Steakhouse chain, has been accused in a shareholder lawsuit of failing to shop around for the best bid before latching on to a $3.2 billion offer from a pair of private equity firms.

  • January 26, 2007

    FTC Demands Changes In $22B Energy Buyout

    The Federal Trade Commission has challenged a proposed $22 billion buyout deal of energy giant Kinder Morgan Inc. by a group of private equity firms, concerned over possible antitrust implications.

  • January 26, 2007

    Lone Star Korean Unit Chief Indicted

    Korean prosecutors have indicted the local head of American private equity group Lone Star Funds in connection with a probe into the buyout firm’s ill-fated 2003 acquisition of the Korea Exchange Bank.