The steakhouse operator, acquired as part of the $600m take-private of Lone Star Steakhouse & Saloon in 2006, cited ‘current public market conditions’ in its filing with the SEC.
1 min read · 05 January 2013
The Athens Stock Exchange-listed mega-fund is the latest private equity firm to move into the aviation sector, purchasing just less than half of medical evacuation-focused Flight Ambulance International.
1 min read · 05 January 2013
The financial services giant will lay off 5,300 employees across all business units but concentrated in investment banking. Asset management will focus on a ‘smaller number’ of activities.
1 min read · 05 January 2013
There are 24 private equity funds gathering capital for Brazil, raising a total of $7.5bn, including GP Investments and Stratus Group, according to a study from Ocroma Alternative Investments.
1 min read · 05 January 2013
The Robert Bass-founded private equity firm is nearing its $4bn fundraising target and expects a final close in February.
1 min read · 05 January 2013
The Florida-based firm’s portfolio company Kellwood has finalised a $179m divestiture, selling off two brands to a newly created Sun Capital platform company to repay its debt.
1 min read · 05 January 2013
Latin American venture firm Ignia’s second round added $13.6m to the fund’s first close in early June. The firm expects to hold a final close on its debut fund, which is targeting up to $75m, in early 2009.
2 min read · 05 January 2013
A South Korean court cleared bank and government officials of price manipulation in the $1.2bn sale of Korea Exchange Bank in 2003 to the US private equity firm. Lone Star has lost two agreements to sell its stake at an enormous profit as the result of ongoing lawsuits.
2 min read · 05 January 2013
The New York-based growth investor has promoted veteran associate Todd Clapp to general partner ahead of a $400m fundraise. Catalyst also recently hired the former head of Citi's distressed equity trading group Gene Wolfson.
1 min read · 05 January 2013
The New York financial services specialist has hired four people in the last two months, most recently FirstMark’s Deborah Bernstein and Jason Rotman of Swiss Reinsurance Company.
2 min read · 05 January 2013
