The bankrupt Tribune Company is nearing a final agreement to sell the Chicago baseball team purchased by real estate mogul Sam Zell. A $900m offer from the head of Chicago investment bank Incapital reportedly beat bids from private equity executives Marc Utay and Leo Hindery.
2 min read · 05 January 2013
Joseph Dear, former executive director of the Washington State Investment Board, will become CIO of the US' largest public pension plan following the departure of Russell Read last June. The hire puts an end to speculation that the CIO role would be filled by Carlyle venture veteran Bob Grady.
2 min read · 05 January 2013
Protective casing manufacturer Pelican Products has acquired Hardigg Industries using 3.5x leverage and $125m in mezzanine financing as Behrman deploys the last of its capital from the firm’s $1.2bn third fund.
2 min read · 05 January 2013
Managing director Ramesh Chakrapani has been suspended from Blackstone’s corporate advisory group after having been charged with passing on details of the 2006 Albertson’s buyout.
1 min read · 05 January 2013
The pan-African investor has sold sugar, flour and animal feed producer SOMDIAA to its majority shareholders for $26m as Africa Fund I continues to divest.
1 min read · 05 January 2013
Among its personnel changes, the global energy investor has added three new managing partners and has hired an assistant general counsel.
1 min read · 05 January 2013
The First Boston spin-out has promoted three of its principals to managing director across its resources, financial services and consumer and business services groups.
1 min read · 05 January 2013
The global private equity firm has promoted a slew of executives, including founders of its Mexico City and Sao Paolo offices to managing partners.
1 min read · 05 January 2013
Mary Schapiro has expressed her support for reinstating hedge fund registration requirements overturned by a federal court in 2006. A prior SEC attempt at registering ‘private funds’ did not include most private equity funds.
2 min read · 05 January 2013
The Switzerland-based clean energy private equity firm has promoted William Nesbitt, who joined the firm's solar team in 2007, to managing director. Nesbitt has participated investments including a $140m financing for solar power company Solar Reserve.
1 min read · 05 January 2013
