PE Hub Staff

Report: Charterhouse Raising New Fund

China Fund Won't Bail Out Western Financial Firms

Legg Mason Cutting 200 Jobs

Private Placements Little Comfort for IPOs

BCE: No Minority Offer On Table

Worst Monthly Job Numbers Since 1974

Moody’s Downgrades Reader's Digest

Moody’s Investors Service has downgraded The Reader's Digest Association’s corporate family rating and probability of default rating from B2 to B3. Reader’s Digest is a portfolio company of Ripplewood Holdings.

Recap for Caldwell & Gregory

PNC Equity Partners and Madison Capital Funding have sponsored a recapitalization of Caldwell & Gregory, a Manakin-Sabot, Va.-based provider of laundry equipment and laundry rooms for colleges, apartments and coin laundries, according to LBO Wire. No financial terms were disclosed. www.caldwellandgregory.com

Mubadala Buys Into Chicago's John Buck

Mubadala Development Co. has agreed to acquire a 24.9% stake in The John Buck Co., an employee-owned Chicago-based real estate services company. No financial terms were disclosed. The investment follows the March signing of a joint venture between the two firms.

Moody’s Downgrades Dayton Superior

Moody’s Investors Service has downgraded Dayton Superior Corp.’s (Nasdaq: DSUP) corporate family rating from B2 to Caa1. It also has reduced ratings on its senior and subordinated debt. Dayton is a Dayton, Ohio-based concrete forming and shoring rental company, which was taken public in late 2006 by private equity backer Odyssey Investment Partners. Odyssey still holds more than 30% of the company’s outstanding shares.