Amanda Janis

Former Senate leader joins Cressey’s latest firm(3)

Uncertainty over whether Thoma Cressey Bravo would completely split or raise separate, sector-focussed funds under one roof has been erased with the appointment of former US Senate majority leader Bill Frist to the newly formed Cressey & Company.

Lawmakers dubious private equity is root of nursing home industry's problems(3)

A witness panel largely in opposition to private equity ownership of nursing homes appeared today before the US House of Representatives’ Health Subcommittee, which was not convinced the buyout industry is the key to increasing care quality.

JC Flowers bids $1.8bn for Shinsei stake(4)

The private equity firm that made its name turning around the Japanese bank has returned to bail out a beleaguered Shinsei with the largest-ever private equity deal in the Japanese banking sector.

Macquarie to own 45% stake in private aviation services firm(2)

Two Macquarie funds are set to invest an undisclosed amount in Universal Weather and Aviation, a Texas-based service provider to the business aviation industry.

Sun Capital nabs Nikko man in Japan

The turnaround specialist’s Japanese arm has appointed as chairman and chief executive Akitoshi Nakamura, a private equity pro whose resume includes roles at Nikko, Ripplewood and the Industrial Revitalization Corporation of Japan.

Avalon closes eighth VC fund on $150m

The San Diego-based venture firm has more than doubled the size of its previous fund, as well as its team, thanks in part to returning LPs like Harvard, AlpInvest and Paul Capital.

House approves increased tax on fund managers(3)

The House of Representatives has narrowly passed a bill that aims to raises taxes on private equity and hedge fund managers by roughly $48 billion. The bill now heads to the Senate, and if approved, is likely to be vetoed by President Bush.

Carlyle executes first Mexico exit(3)

Carlyle’s Mexico team has completed its first exit, with the sale of bilingual call-centre services provider Hispanic Teleservices Corporation to French company Teleperformance.

Report: Banks still stuck with Chrysler debt(2)

Wall Street banks this week reportedly failed to sell the remaining $4 billion-worth of Chrysler-related debt still on their books.

Report: BlackRock founder offered top spot at Merrill(3)

Laurence Fink, former Blackstone partner and founder of publicly traded investment firm BlackRock, has reportedly been offered the chief executive position at Merrill Lynch. Fink is also said to be a candidate for the same job at Citi, as both US banks seek to replace CEOs in the wake of multibillion dollar write-downs.