Canadian buyout firm Kilmer Capital is targeting C$250 million for its latest fund, to which Kensington Capital Partners’ publicly traded fund of funds has committed an undisclosed amount.
2 min read · 04 January 2013
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’.
2 min read · 04 January 2013
Canadian firm CAI has sold dental and vision insurer SafeGuard Health to MetLife, generating a 20 percent IRR on the investment.
2 min read · 04 January 2013
Carlyle energy affiliate Riverstone Holdings has hired ex-JPMorgan managing director Elizabeth Weymouth to lead investor relations.
2 min read · 04 January 2013
Marwit Capital Partners has acquired Boot Barn for an undisclosed amount, making it the US second private equity firm to invest in a western apparel retailer this year.
2 min read · 04 January 2013
The post-IPO lock-up for shares of Tom Hicks’ special purpose acquisition vehicle ended today. Units of one share of common stock and one warrant traded up 2 cents today from the $10 per share offer price.
1 min read · 04 January 2013
The flurry of Refco litigation continues, as TH Lee has now filed suit against Grant Thornton, the independent auditor hired to perform due diligence on Refco before the 2004 merger agreement. The private equity firm alleges the auditor failed to notify it of suspicious transactions on Refco’s balance sheet.
2 min read · 04 January 2013
Campbell’s will explore strategic options for its Godiva Chocolatier business, as the company refocuses on its core products and expands its soups into Russia and China.
2 min read · 04 January 2013
Former Apax, USBX and Arthur Anderson executives have founded Egis Capital to take advantage of rising government spending in the defence sector. Next year the firm plans to raise a $200 million fund.
1 min read · 04 January 2013
Castanea Parters has made the first investment from its latest fund with the acquisition of clothing designer Betsey Johnson.
2 min read · 04 January 2013
