Amanda Janis

TPG, Bain, Goldman to sell $450m of Burger King stock(3)

The private equity consortium that five years ago paid $1.5 billion for Burger King continues to profit from its investment in the fast food chain. A secondary offering will raise $450 million for the firms.

Sharia-compliant MENASA fund holds $200m first close(4)

Bahrain’s Ithmaar Bank, Shamil Bank and the Islamic Investment Company have held a first close on their mutli-strategy private equity fund targeting $500 million.

Canadian court approves $52bn BCE buyout

A judge has dismissed a bondholders’ lawsuit critical to the success of the record-breaking BCE buyout by Ontario Teachers’, Madison Dearborn, Providence and Merrill Lynch.

Think tank proposes NYC tax on carry

The Fiscal Policy Institute estimates a 2 percent tax on carry would produce annual revenues of $160m to $200m – figures budget-conscious legislators aren’t likely to miss.

TPG to pay $1.3bn for Canadian drug firm(4)

Axcan Pharma has agreed to be taken private by TPG in a transaction valued at $1.3 billion. It’s the firm’s third healthcare acquisition this year.

Boeing boosts alternatives target to 27%

The aerospace and defense company’s $50.4 billion pension is shifting its allocation targets as it looks to reduce exposure to stock market volatility.

Listed US firms end dismal week

Blackstone, Fortress and Och-Ziff stocks hit all-time lows Friday, as specialised vehicles affiliated with Carlyle and KKR faced problems ranging from fair value write-downs to margin calls and default notices.

Sentinel to reacquire Canadian yarn company for $57m(4)

In the latest example of a private equity firm acquiring a Canadian income trust following a change to Canada's tax policy, Sentinel will pay $57 million to reacquire yarn company Spinrite.

Capital Dynamics promotes New York exec

Cynthia Duda has become a managing director at the Switzerland-headquartered alternative asset investment consultant and private equity investor.

FTVentures raises $512m for Fund III

Liberty Mutual, Skandia Insurance, Barclays, the New York State Common Retirement Fund and Kamehameha Schools are among the firm’s new limited partners.