Blackstone Group LP has agreed to buy home security provider Vivint Inc. for more than $2 billion, betting that more households in North America will adopt its alarm, air conditioning and energy management systems, sister news service Reuters reported.
2 min read · 01 October 2012
ConvergEx Group, which is backed by GTCR LLC and Bank of New York Mellon Corp., has put its Eze Castle unit up for sale, several sources told sister Web site peHUB.
2 min read · 01 October 2012
Dave & Buster’s Entertainment, which has waited more than year to go public, may finally launch its initial public offering early this month.
2 min read · 01 October 2012
More buyout shops—including Providence Equity Partners and CVC Capital Partners Ltd—are selling pieces of themselves to investors, in addition to taking their commitments to funds.
3 min read · 01 October 2012
A federal judge has given major buyout shops one more chance to keep secret some potentially embarrassing allegations made in a lawsuit accusing them of colluding to drive down prices on companies they sought to buy, sister news service Reuters reported.
2 min read · 01 October 2012
Buyout activity from U.S. sponsors picked up in the third quarter, fueled by a robust credit market and by ebbing fears of a financial crisis in Europe and another recession here in the United States.
6 min read · 01 October 2012
An investigation by New York’s top prosecutor into whether a group of private equity firms used a fee arrangement to dodge taxes may be undermined by the state’s own public pension fund, sister news service Reuters reported.
3 min read · 01 October 2012
2 min read · 01 October 2012
Two more Asia-based private equity firms have joined the fundraising bandwagon, seeking a combined $4.25 billion, sources with direct knowledge of the matter told Reuters, adding to a long list of buyout firms chasing capital in the region.
2 min read · 01 October 2012
As the Federal Reserve embarks on another round of quantitative easing, several senior portfolio managers speaking at the 18th Annual Thomson Reuters LPC Loan Conference predicted further spread tightening for leveraged loans. They also made the case that loans remain underpriced relative to high yield bonds.
3 min read · 01 October 2012
