Jennifer Harris

Gibralt buys Canadian airline(3)

Canadian Gibralt Capital has entered the popular aerospace sector with its acquisition of a majority stake in Toronto-based Skyservice Airlines.

Refco creditors sue TH Lee for $1bn(3)

In the latest twist in the Refco saga, the company’s creditors have filed a $1 billion lawsuit against TH Lee, its founder and three executives, alleging they covered up Refco’s myriad problems, which eventually sunk the company and resulted in criminal charges for its CEO. TH Lee has issued a scathing response, calling the claims ‘misdirected and entirely without merit’.

Littlejohn boosts aerospace portfolio

Littlejohn & Co. has added a second aerospace company to its portfolio with the acquisition of Synchronous Aerospace Group from Hancock Park Associates.

AFL-CIO backs TXU buyout(2)

The AFL-CIO has sent a letter to TXU shareholders recommending that they approve KKR’s and TPG’s buyout bid, which will be voted on 7 September.

First Reserve, shipping vet launch $300m venture

First Reserve has committed $300 million to a joint venture with former OMI chief executive Craig Stevenson, formed to pursue energy-related shipping investments.

AFL-CIO backs TXU buyout

The AFL-CIO has sent a letter to TXU shareholders recommending that they approve KKR’s and TPG’s buyout bid, which will be voted on 7 September.

Blackstone hires former H&Q pro

Former H&Q Asia Pacific managing director Andrew Kuo has joined The Blackstone Group’s growing Hong Kong staff as a managing director for greater China.

IFC mulls $100m commitment to $5bn India fund(3)

The private sector arm of the World Bank may join Blackstone and Citi in contributing to a $5 billion Indian infrastructure fund.

Refco creditors sue TH Lee for $1bn(2)

In the latest twist in the Refco saga, the company’s creditors have filed a $1 billion lawsuit against TH Lee, its founder and three executives, alleging they covered up Refco’s myriad problems, which eventually sunk the company and resulted in criminal charges for its CEO. TH Lee has issued a scathing response, calling the claims ‘misdirected and entirely without merit’.

Ex-Bloomingdale’s chief starts fashion-focussed firm(2)

Former Bloomingdale’s head Marvin Traub has launched a designer-focussed private equity firm that recently made its first investment in UK fashion label Matthew Williamson.