The JPMorgan Partners spinout has appointed Quiznos' chief executive Greg Brenneman, best known for his private equity sponsored restructurings of Continental Airlines and Burger King, as chairman and investment committee member. The firm says more operation-focused hires will follow.
3 min read · 04 January 2013
The Australian infrastructure pioneer has unveiled a major management overhaul as its share price continues to decline. Firm founder Jim Babcock and long-time chief executive Phil Green will be replaced by in-house executives.
2 min read · 04 January 2013
Fortress' and Blackstone’s second quarter earnings results offer a glimpse into how firms are responding to a slowing fundraising pace, writes Matt Levin.
2 min read · 04 January 2013
GS Capital Partners has provided $133m in cash equity to First Marblehead after buying $60m in preferred stock last year.
1 min read · 04 January 2013
The year-old firm, in partnership with the Kauffman Fellows Program and the Center for Venture Education, has surpassed its original target of $250m.
1 min read · 04 January 2013
US defense contractor General Dynamics has acquired Zurich-based Jet Aviation, just three years after Permira purchased a majority stake in the family-owned business for an estimated €515m to €644m. The private aviation market has attracted numerous private equity players including TPG and Lehman Brothers.
1 min read · 04 January 2013
The Canadian private equity firms have offered C$22 per share for Sleep Country Canada, a 37 percent premium over yesterday's closing price. It is the first deal in which the Toronto-based firms have partnered, and if approved by shareholders should close in September.
2 min read · 04 January 2013
The middle market specialist has hired former MultiPlan president Harvey Sigelbaum and MBF Healthcare Partners director Joseph Ibrahim to lead the firm’s healthcare initiative. In related news, Avista Capital Partners has tapped former Johnson & Johnson executive Patrick O’Neill.
3 min read · 04 January 2013
In an increasingly familiar story for US pensions, the Florida Retirement System suffered an overall loss of 4.4 percent despite a strong showing from its alternatives portfolio.
1 min read · 04 January 2013
Energy Future Holdings has attributed most of the loss to the effect of fair value accounting rules on its fuel-hedging activities. Concessions made by TPG, Kohlberg Kravis Roberts and Goldman Sachs in the $45bn buyout last year also played a part.
2 min read · 04 January 2013
