PE Hub Staff

EQT gathers support for Springer Science loan

Freedom Communications Creditors Seeking Different Reorg Plan

France's Lagarde urges regulatory change in London

TPG, American Airlines Invest $1.1 billion in Japan Airlines

American Airlines said it and other members of the Oneworld airline alliance along with private equity fund TPG are willing to invest $1.1 billion in Japan Airlines to prevent it defecting to Delta Air Lines and the rival Skyteam group of bidders. Delta has said that it and other SkyTeam members are ready to offer JAL a total financial aid package of about $1 billion, including a $500 million equity investment.

Hudson Clean Energy Partners Closes Debut Fund Just Over Target

Hudson Clean Energy Partners has officially closed its debut fund, Hudson Clean Energy Partners, L.P., with commitments of $1.024 billion. The fund had a target of $1 billion. C.P. Eaton Partners LLC served as lead placement agent for the fund, and was assisted by Credit Suisse and Poalim Ventures Ltd.

Commonwealth Capital Ventures

Commonwealth Capital Ventures, a VC firm with investments in software and software-based services, Internet and digital media, communications technology, and instruments and systems, hired J. Casey Gibbons and Joel J. Rodriguez as Associates. Gibbons was co-founder of NextPlay. Rodriguez was Senior Associate Consultant at Bain & Co.

Hodes Weill Hires Ray Potter

Hodes Weill & Associates, an advisory and investment business focused on real estate private equity and private funds, hired Ray Potter has joined the firm as a Principal. Mr. Potter will focus on the firm’s property underwriting, due diligence and principal investment activities.

Lanyon Raises $10 million

Lanyon, Inc., a provider of content, bid and spend management solutions to the travel and hospitality industries, today announced that it has received $10 million in expansion funding from Frontier Capital. Frontier is a private equity firm providing growth equity to technology enabled business services companies.

H.I.G. Ventures Invests in Triad Digital Media

H.I.G. Ventures invested in Triad Digital Media, LLC, a Tampa, FL-based online advertising services company. The deal value was not disclosed. The financing is Triad Digital Media's first institutional investment.

Markstone Co-Founder Pleads Guilty

Elliott Broidy, a founder and Chairman of Markstone Capital Group LLC, pled guilty to felony for his involvement in a pay-to-play kickback scheme at the Office of the New York State Comptroller. Broidy admitted to paying almost one million dollars in gifts to four New York officials to obtain a $250 million investment from the New York State Common Retirement Fund in Markstone Capital Partners, L.P.