Jennifer Harris

Rivenrock buys bankrupt toymaker(4)

Rivenrock Capital has bought Small World Toys out of bankruptcy in yet another distressed play amid tightening credit markets.

GTCR in $200m IP venture

The Chicago-based firm and media intellectual property investors Eric Ellenbogen and John Engelman will invest $200 million to acquire, manage and exploit entertainment copyrights.

Carlyle encounters obstacles in $6.3bn Manor Care buyout

Critics of Carlyle’s $6.3 billion buyout of US nursing home chain Manor Care have convinced several state legislatures to review the deal before granting the private equity firm operating licenses for dozens of facilities.

Advent to buy Brazilian restaurant chain(3)

Advent International is following regional rival GP Investimentos into the Brazilian restaurant sector with its agreement to buy Viena for an undisclosed amount.

Halyard to net 12x return on secondary sale to VSS(3)

VSS has agreed to pay $185 million for direct marketing company TRANZACT, generating for its owner, Halyard Capital, a return of 12 times its investment and an 85 percent IRR.

Princeton portfolio nets 24.7 percent return(3)

The Princeton University endowment returned 24.7 percent for the fiscal year 2006-2007, increasing its assets from $13 billion to $15.8 billion. The US endowment allocates 15 percent of its portfolio to private equity funds.

TPG appoints head of Indonesia(2)

TPG has hired Southeast Asia banking vet Jerry Ng to lead its Indonesia business, as the firm looks to strengthen its position in that country’s financial services sector.

Sallie Mae rejects lower bid(4)

Sallie Mae has rejected a revised bid from the JC Flowers-led consortium that would have cut the value of the $25 billion buyout by up to $4 billion.

Pensions to increase alternatives allocations(4)

An internal Citi research report finds that 75 percent of pension fund managers plan to increase their allocation to private equity over the next three years, potentially injecting $400 billion into the asset class.

Braemar closes second fund on $250m(2)

New York firm Braemar Energy Ventures has raised $250 million for its second fund, which is more than 4 times the size of its predecessor.