Euronext-listed fund of funds Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners and will help its bankrupt parent company unload 14.5 million shares in secondary transactions beginning in mid-2010.
2 min read · 05 January 2013
The California-based firm is buying the newspaper, which has a weekday circulation of 270,000, as the newspaper industry continues to contract amid plummeting sales.
2 min read · 05 January 2013
The energy-focused private equity firm has hired former US diplomat and Goldman Sachs executive Peter Coneway as it seeks $6bn for its latest joint fund with Carlyle.
1 min read · 05 January 2013
The Chicago-based firm hit its hardcap, having adjusted down its $1bn target early last year amid tougher fundraising conditions. It's the first fund it has raised since partners Carl Thoma and Bryan Cressey split their prior firm along investment strategy lines.
2 min read · 05 January 2013
Clarion Capital Partners has emerged as the winning bidder for fine china maker Lenox, after the reopening of the process by a bankruptcy court allowed the private investment firm to trump an earlier winning bid by KPS Capital Partners.
1 min read · 05 January 2013
A recent poll of institutional and private investors has revealed that a number of participants are scaling back their private equity commitments and planning to stay out of the market for the near term.
1 min read · 05 January 2013
The US radio and advertising company, which was purchased by Bain Capital Partners and TH Lee last year in a $17.9bn deal, had its rating fall to deeply speculative territory, with Moody’s warning of default.
2 min read · 05 January 2013
The $153bn New York State Common Retirement Fund is planning to invest at least $30m in the emerging Northern Ireland economy, with two deals expected to be announced within the next few weeks.
2 min read · 05 January 2013
As LPs increasingly push back on deal terms, GPs may want to consider some relatively low cost moves to mitigate their concerns, writes Kevin Ley.
2 min read · 05 January 2013
Nancy-Anne DeParle, who will head up the White House Office of Health Reform, is the latest private equity executive to take a position in the Obama administration.
1 min read · 05 January 2013
