Kenneth Freeman has joined the New York buyout giant as managing director, having formerly served as the head of Quest Diagnostics.
The US firm has paid €265 million for the majority of France Telecom’s stake in the German mobile phone operator.
In a transaction involving two beleaguered private equity firms, Forstmann Little will acquire 24 Hour Fitness from McCown De Leeuw for approximately $1.6bn.
The Chinese company has completed the $1.25bn purchase of IBM’s personal computing unit and agreed to a $350m investment from three private equity firms.
The two private equity firms are taking private luxury retailer Neiman Marcus in a $5 billion deal, following a string of recent buyouts.
Bridgepoint has used its £189 million (€291 million; $377 million) refinancing of its investment in Pets at Home to pay off £20 million of mezzanine debt and pay itself a £70 million dividend.
Israel-focused venture firm Benchmark Capital has closed its $250m Fund II while Israel’s Carmel Ventures has raised $200m for its second fund.
Fifteen months after acquiring German dental equipment manufacturer Sirona for €418m, the Swedish private equity firm has sold the company to Madison Dearborn in a deal that fetched approximately €800m.
The Dutch private equity firm has made the historic triple digit return by agreeing to sell mobile telephone network Telfort to KPN for up to €1.12bn, two years after acquiring it for just €12m.
One of Australia’s largest private equity funds plans to take private a Southern California restaurant operator.