Amanda Janis

Morgan Stanley expands, re-brands PE division(3)

The US investment bank is continuing to strengthen its private equity team, now called Morgan Stanley Private Equity, as it raises a $6 billion debut fund just three years after spinning out its in-house PE group.

House approves increased tax on fund managers

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.

Lehman, TPG invest $363m in private jet firm(3)

Private aviation company XOJET has obtained $363 million in debt and equity financing from Lehman Brothers Global Principal Strategies and TPG’s venture arm.

Carlyle executes first Mexico exit

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.

Shareholders approve $49bn BCE buyout(3)

BCE shareholders have approved the Canadian telecom company’s sale to Teachers, Providence and Madison Dearborn. But the $49 billion transaction, the largest proposed buyout to date, still faces regulatory hurdles.

Field leaves ACI for Roark(2)

Ezra Field has joined Atlanta’s Roark Capital as a managing director, ending a six year-stint with New York’s ACI Capital.

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

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.

Pine Brook hires First Reserve pro(2)

Former First Reserve director Craig Jarchow has been hired by Pine Brook Road, the New York firm led by former Warburg Pincus vice chairman, Howard Newman.

JC Flowers bids $1.8bn for Shinsei stake

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.

Rene Kern: Countdown to 2008

General Atlantic, the global growth investor, is looking to the emerging BRIC markets and beyond in the 12 months ahead. Rene Kern, a managing director at the firm, spells it out.