Sushil Cheema

Bear Stearns enters fund placement business(2)

The acquisition of the placement agent Crane Capital Associates has added a global platform from which the bank can compete with the likes of Credit Suisse and UBS.

DLJ appoints three partners(2)

The New York-based firm has expanded its London and New York teams with additions to the firm’s industrial and global industry groups.

Berkshire Capital adds financing director(2)

The Boston-based firm has added to its team Matthew Janachar as director of capital markets.

Music veteran leaves Elevation(2)

Les Bider has left his position as ‘executive-in-residence’ at upstart private equity firm Elevation Partners to become chief strategist at Los Angeles-based venture firm ITU.

DLJ sees 3.1x return on waste materials deal(2)

After holding the investment just 18 months, the Credit Suisse private equity arm has made a solid return on the $616m sale of Wastequip to Odyssey Investment Partners.

Baird acquires two play set makers(2)

The firm will combine the two companies—Backyard Adventures and Leisure Time Products—into one: Backyard Leisure.

Former Greenberg co-worker raising fund(2)

Hank Greenberg’s former Morgan Stanley advisor, Douglas Brown, has reportedly begun raising a fund through DLB Capital.

KKR, TPG pick up TXU for $45bn(2)

The largest-ever private equity deal follows closely the previous record-holder, this month’s $39bn Blackstone-backed buyout of Equity Office Properties. The new owners of TXU will offer electricity customers price cuts.

Duo pursue geothermal investments(2)

A commitment to California’s ThermaSource by Carlyle Group and Riverstone will contribute to the development of the Bottle Rock geothermal power project.

Golden Gate, Integrity to buy boot maker(2)

The two firms have agreed to take Wellco Enterprises private in a $17m deal.