PE Hub Staff

Matteo Arpe's Sator Fund Makes First Deal

EU Approves Gores/Siemens Deal

Paulson Asks Congress for Rescue

Buffett's "Time Bomb" Goes Boom

Report: Lehman IM Deal Imminent

Bloomberg is reporting that Bain Capital and Hellman & Friedman are working together on a deal for Lehman Brothers' investment management business, with an announcement to come as early as today. Each firm last week submitted separate bids of around $4 billion for the unit, which manages over $270 billion in assets. This includes Lehman's $35 billion private equity program, which includes buyout funds, venture capital funds, funds-of-funds and fund placement.

Orchard Brands Completes Charming Add-On

Sun Capital Buys Gordmans

ACAS Director Named Non-Exec Chair of Freddie Mac

John Koskinen has been appointed to serve as non-executive chairman of Freddie Mac. Koskinen is a current director of American Capital, and the former CEO of The Palmieri Co.

Citi Hires Lehman Vet as M&A Chief

AIG Does Nigerian Deal

AIG Investments has invested new capital into Blue Intercontinental Micro Finance Bank, a JV between Nigeria's Intercontinental Bank and Blue Financial Services, which provides micro-financing services and products into Nigeria's retail market. AIG had previously invested in both Intercontinental Bank and Blue Financial Services. No financial terms were disclosed.