Cerberus Capital Management veteran Joyce Johnson-Miller and former Carlyle managing director Leslie Armitage have teamed up for a new private equity fund that will invest in debt and equity.
2 min read · 31 December 2012
JW Childs and Merrill Lynch Global Private Equity completed a $1.05 billion deal to buy Advantage Sales & Marketing. Allied Capital, the company’s previous owner, realised $430m in proceeds from the sale.
1 min read · 31 December 2012
The Blackstone Group has completed its $1.6 billion purchase of niche insurance company UICI.
1 min read · 31 December 2012
Los Angeles- and New York-based Qualia Capital has agreed to take over Gaylord Films and Rysher Entertainment in a reported $100m deal. The transaction represents private equity’s continued drive into the entertainment space.
2 min read · 31 December 2012
South Korean authorities have reportedly raided the Seoul office of Lone Star Funds, seeking evidence to tie the US firm to allegations of tax evasion and embezzlement. Lone Star is just the latest US private equity firm to become the subject of a South Korean tax probe.
2 min read · 31 December 2012
The California Public Employees’ Retirement System has issued two mandates seeking third-parties that could help the giant pension make its private equity portfolio more manageable.
2 min read · 31 December 2012
Angelo Gordon and MTN Capital Partners have teamed up with former Duane Reade head Bruce Weitz to take over Marks & Spencer’s US grocer Kings Supermarkets in a $61.5m deal.
2 min read · 31 December 2012
TowerBrook Capital Partners is the latest financial buyer to size up a hockey investment. The firm is backing Dave Checketts’ acquisition of the NHL’s St. Louis Blues – a roughly $150m deal.
3 min read · 31 December 2012
Illinois is one of the few states that have passed into legislation a law banning state money from going into Sudan-linked businesses. The rule has already gotten some state pension money banned from certain partnerships. Ken MacFadyen reports.
3 min read · 31 December 2012
Mid-market investment bank Goldsmith Agio Helms has launched a new “lower middle market” division to represent sellers in the micro-cap space.
1 min read · 31 December 2012
