Following accusations of a 'contrived game', shareholders of the maker of Bazooka gum and Major League Baseball trading cards have voted to approve a $9.75 per share buyout by Madison Dearborn Partners and Michael Eisner's Tornante.
2 min read · 04 January 2013
Riverstone has hired former BP executive Ralph Alexander, just weeks after appointing BP's former CEO, Lord Browne, to lead its European activities.
2 min read · 04 January 2013
Draper Fisher Jurvetson will join the ranks of private equity and venture firms dabbling in show business: the firm plans to partner with Creative Arts Agency to invest in entertainment projects.
2 min read · 04 January 2013
Private equity generated the highest return of VRS’ assets, outperforming the overall fund by 11.6 percentage points.
1 min read · 04 January 2013
Several US investment banks this week revealed billions in losses stemming from unsyndicated leveraged loans, while a new study has found Lehman Brothers is significantly more overextended than its peers.
2 min read · 04 January 2013
Tech-focussed joint venture Accel-KKR has made its fourth exit in two years with the sale of Saber Corp to strategic buyers EDS.
2 min read · 04 January 2013
Catalyst Investors has closed its second buyout fund and a UK co-investment vehicle on $170 million, below their initial target of $250 million.
2 min read · 04 January 2013
Texas Teachers’ alternatives head Keith Garrison has resigned in order to fill the same role at the Texas Christian University endowment, following former Texas Teachers CIO James Hille.
1 min read · 04 January 2013
Intel Capital has made an investment in rapidly growing security company InfoServer Informatica out of its $50 million Brazil fund.
1 min read · 04 January 2013
Spectrum Equity Investors will acquire a majority stake in The Generations Network, a company the firm has backed since 2003. The investment deepens Spectrum’s holdings in the online media sector.
1 min read · 04 January 2013
