Jennifer Harris

Galen raises $250m for fifth fund(2)

The Stamford, Connecticut-based firm plans to continue providing expansion capital for the healthcare industry, without the use of debt.

Lee Equity to pay $395m for retailer

Thomas H. Lee-led Lee Equity Partners has agreed to pay $395 million for teen fashion retailer Deb Shops. It is the firm’s second deal since it was founded last year.

General Atlantic hires Warburg, McKinsey pros for Asian push

General Atlantic has added to its Hong Kong and Mumbai teams with the new hires of Jeff Leng and Ranjit Pandit.

Bain and Prides Capital to invest $60m in Princeton Review

Close on the heels of Apax’s $8 billion May buyout of The Thomson Corporation’s higher education division, Bain Capital Ventures and Prides Capital have agreed to invest $60 million in test prep company The Princeton Review.

Platinum to buy metal processor for $2bn(2)

Tom Gores’ Platinum Equity plans to buy Ryerson, a distributor and processor of metals.

Bessemer closes $1bn, third party fund(3)

New York-based Bessemer Venture Partners has closed its latest fund, the first backed by outside investors, on more than $1 billion.

Snow criticises carry bill(3)

Cerberus chairman and former US Treasury Secretary John Snow has warned of the economic consequences of raising taxes for private equity.

Battery buys tech firm for $137m

Battery Ventures has completed a$137 million take-private of Quovadx, a software and software services firm formerly listed on NASDAQ, for $136.7 million.

Platinum to buy metal processor for $2bn

Tom Gores’ Platinum Equity plans to buy Ryerson, a distributor and processor of metals.

CVC to buy Samsonite for $1.7bn(3)

European private equity firm CVC Capital Partners has agreed to buy US-based Samsonite Corporation, a designer and manufacturer of luggage. The deal is part of a drive to increase CVC’s US presence.