GPs are reporting an increased tension between private equity firms and their auditors as fair-value pressure builds. By David Snow.
2 min read · 03 January 2013
The New York alternatives giant has raised roughly $30bn over the past 12 months, approximately half of the roughly $63bn it has raised in its 20 years in business. However, the firm’s total assets under management are dwarfed by major traditional asset management companies.
1 min read · 03 January 2013
Leon Black of Apollo Management has expressed his displeasure to Goldman Sachs over the investment bank’s role as an advisor in an expected Texas Pacific Euronext listing.
2 min read · 03 January 2013
Spanish-language US media leader Univision Communications and a private equity consortium—including a firm led by the executive producer of the “Power Rangers” television series—announced a landmark $13.7bn acquisition of the publicly traded media giant.
2 min read · 03 January 2013
Justin Wender, 37, will replace the New York buyout firm’s co-founder, Leonard Harlan, after a long period of gradual leadership transition, the firm announced.
2 min read · 03 January 2013
Three US energy private equity firms – First Reserve, LS Power Group and Energy Capital – are drawing commitments totaling roughly $13bn for energy and power investment, as LP interest in the strategy surges.
2 min read · 03 January 2013
Lion Capital, the former European arm of Hicks Muse Tate & Furst, today announced a deal to acquire New Jersey-based American Safety Razor from buyout firm JW Childs.
1 min read · 03 January 2013
Shares of KKR Private Equity Investors, listed on the Euronext Amsterdam exchange, closed today at $22.39 per share, down nearly 9 percent since the vehicle went public on May 3.
2 min read · 03 January 2013
Justin Huscher, who in 2004 quietly stepped down from his position as managing director at Chicago-based Madison Dearborn Partners, has paid more than $108,000 to the SEC to settle charges of insider trading.
2 min read · 03 January 2013
EdgeStone Capital, one of the largest private equity firms in Canada, has been acquired by a Canadian financial services firm, GMP, which is listed as an income trust on the Toronto Stock Exchange.
2 min read · 03 January 2013
