The two private equity giants have teamed with Haier Group, China’s largest maker of household appliances, in a $1.28 bid for Maytag, a struggling US maker of washing machines that already has a buyout deal inked with Ripplewood Holdings.
1 min read · 30 December 2012
As a Friday disclosure deadline looms, the Ohio Bureau of Workers’ Compensation is leaning toward not including sensitive portfolio-company data in a FOIA-requested report on the insurance organisation’s private equity programme.
2 min read · 30 December 2012
Centerbridge Capital, the new private equity/distressed firm formed by Blackstone vet Mark Gallogly and Angelo Gordon vet Jeffrey Aronson, has already received more than $2 billion in interest from limited partners.
2 min read · 30 December 2012
Days following the announcement of its debut deal, private equity firm Elevation Partners has announced an agreement to buy $100m worth of convertible preferred stock in Homestore, an Internet real estate services company.
2 min read · 30 December 2012
Ahead of a massive fundraising, Thomas H. Lee Partners has announced the hiring of Richard Bressler, a top Viacom executive, as a managing director in charge of providing services to portfolio companies.
1 min read · 30 December 2012
Raising Elevation Partners’ debut fund involved helping LPs get comfortable with a rock star.
2 min read · 30 December 2012
The Los Angeles-based private equity firm has emerged the victor over hedge funds Newcastle Partners and Steel Partners in a bidding war for Fox & Hound Restaurant group, a chain of pubs.
1 min read · 30 December 2012
Congressman Christopher Cox, President Bush’s choice to head the Securities and Exchange Commission, has long been involved with the venture capital industry as an attorney, foe of taxes as well as opponent of supposed Silicon Valley ’technology transfer’ to China.
2 min read · 30 December 2012
The private equity arm of beleaguered insurer and professional services conglomerate Marsh & McLennan has spun out to form an independent, called Stone Point Capital, with more than $2bn in capital under management.
2 min read · 30 December 2012
The global private equity powerhouse has named Louis Giuliano, former head of ITT Industries, as an advisor in the aerospace, defense, industrial and auto sectors.
1 min read · 30 December 2012
