Frank & Oak, a personalized online clothing retailer for men, has closed $5 million in Series A financing. Lightbank led the round. Bertelsmann Digital Media Investment and Rho Canada Ventures and Real Ventures also contributed to the round. Frank & Oak is based in Montreal.
4 min read · 12 October 2012
Standard & Poor’s ratings agency downgraded IMS Health Inc. after the highly acquisitive health care company announced it was issuing $1.25 billion of debt, almost all of which would fund a dividend to its private equity owners.
2 min read · 11 October 2012
4 min read · 11 October 2012
2 min read · 11 October 2012
When it comes to private equity compensation, limited partners like to make sure that interests are firmly aligned.
3 min read · 10 October 2012
NEW YORK, Oct 9 (Reuters) - David Loglisci, former chief investment officer at the New York state pension fund, was sentenced to a conditional discharge Tuesday for allowing a “culture of corruption” at the fund.
3 min read · 09 October 2012
2 min read · 09 October 2012
Arbor Investments, a Chicago-based mid-market buyout firm, is close to buying meat producer Columbus Manufacturing Inc., according to a regulatory filing and a source close to the deal.
1 min read · 05 October 2012
New Mountain Capital, which is expected to hit the fundraising trail soon, is poised to buy ABB/Con-Cise Optical Group LLC, according to a regulatory filing and two sources.
2 min read · 05 October 2012
Ocwen Financial Corp., the publicly traded provider of residential and commercial loan servicing and asset management services, announced Oct. 3 that it would buy Homeward Residential Holdings Inc., a mortgage company roll-up created by distressed investing specialist WL Ross & Co., for $588 million in cash and $162 million in convertible preferred stock. The deal should close by the end of the year.
2 min read · 03 October 2012
