David Snow

Lazard enters mid-market with Goldsmith Agio buy

Lazard, the storied financial advisory firm, today said it was acquiring Goldsmith Agio Helms & Lynner, a US middle-market investment bank and major participant in the private equity market.

Freescale goes to Blackstone-led group for $17.6bn

In a deal valued at $17.6bn, Texas semiconductor maker Freescale has decided to be taken private with a group including Blackstone, Carlyle, Permira and Texas Pacific, dealing a blow to a KKR-led group that recently bought the semiconductor division of Philips.

Fairview rounds up $600m this month

The Connecticut fund of funds manager has closed on significant total commitments for three new pools of private equity capital.

Apax realises 26x return from retail exit

The global private equity firm, thanks to its acquisition of buyout firm Saunders Karp & Megrue, has realised a windfall from its holding in Charlotte Russe, a mall staple for budget-minded young women.

Blackstone eyes Brazil with Patria link

The Brazilian bank is raising a new private equity fund that can tap Blackstone as a co-investor on large deals.

Turnaround firm sees 5x through sale to workers

In a first for the firm, New York-based KPS Special Situations has realized a major return on its investment in Blue Heron Paper Company through a sale back to the company’s management and employees.

BofA, Oak Hill in complex $1.9bn Euronext venture(3)

Bank of America, Oak Hill, along with CalPERS and Harvard have created a unique, megafund-sized pool of permanent capital to be traded on the Euronext. The vehicle, Conversus Capital, is structured like a collateralised loan obligation with private equity fund interests as the underlying assets.

Warburg Pincus targets as much as $15bn(3)

The global private equity giant is on the road now with a new fund that will attempt to close on substantially more than its previous $8 billion vehicle.

Contained IPO for Kelso-backed company(3)

BWAY Holding, a maker of buckets and containers, priced below its expected range in an IPO today, as New York private equity backer Kelso unloaded more than half its ownership in the offering.

BofA, Oak Hill in complex $1.9bn Euronext venture(2)

Bank of America, Oak Hill, along with CalPERS and Harvard have created a unique, megafund-sized pool of permanent capital to be traded on the Euronext. The vehicle, Conversus Capital, is structured like a collateralised loan obligation with private equity fund interests as the underlying assets.