Clayton Dubilier & Rice has amassed $6.25 billion for its latest flagship private equity fund after it got oversubscribed, turning down as much as $2 billion from investors, writes Reuters. The firm attracted $8 billion in investor commitments for the fund but stuck with the fundraising limit of $6 billion it had originally agreed to.
3 min read · 27 February 2014
Michigan Congressman Dave Camp on Wednesday offered a tax proposal he said would "clean up" the carried interest provision that lets private equity partners pay lower taxes on large portions of their incomes. Camp's plan drew little support from other Republicans.
3 min read · 26 February 2014
Biomet Inc, the U.S. medical device maker that was taken private by a private equity consortium for $11.4 billion in 2007, has hired underwriters for an initial public offering later this year, people familiar with the matter said.
1 min read · 26 February 2014
Using mobile apps to connect passengers with drivers, ridesharing services like UberX and Lyft, which have VC backing, say they are bringing new zip to transportation. But a number of cities say they don't want to share the road until they get something utilitarian: better insurance.
4 min read · 26 February 2014
New York-based Collaborative Fund has raised a $33 million venture-capital fund to focus on the shared economy, it said in a blog post
1 min read · 26 February 2014
Manhattan U.S. Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday.
3 min read · 26 February 2014
China Everbright Ltd (CEL) and Israel's Catalyst Equity Management said on Wednesday they have raised $100 million for a private equity fund that will invest in Israeli companies, Reuters reported.
2 min read · 26 February 2014
Hedge fund Elliott Management increased its offer for network gear maker Riverbed Technology Inc by 9 percent to $3.36 billion and said the company had ignored offers from other potential buyers, Reuters reported.
2 min read · 26 February 2014
Private equity investors sitting on a record amount of cash are poised to leap into southern Europe after shunning the region for years, hoping to benefit from an economic recovery.
3 min read · 26 February 2014
Private equity firm Carlyle Group has entered into exclusive talks to buy Tyco International Inc's South Korean security systems unit, a business valued at around $2 billion, writes Reuters. A successful sale of the unit, ADT Caps, would be the second large private equity transaction in South Korea this year, after KKR & Co and Affinity's $5.8 billion sale of Oriental Brewery to Anheuser-Busch InBev SA.
1 min read · 26 February 2014
