The Blackstone Group sold CD and DVD direct retailer Columbia House to media company Bertelsmann for $400m.
Six months after its acquisition of New Skies Satellites, The Blackstone Group has taken the satellite operator public in a $200m IPO, valuing the firm’s equity at almost three times its initial investment.
The acquisition of a 30 percent stake in Israeli telecoms company Bezeq by a private equity consortium is the largest privatisation seen in the country so far this decade.
Goldman Sachs and Morgan Stanley have posted a 14-fold return on their investment in Ping An, the Chinese life assurance firm, following the sale of their stakes to HSBC.
The Dallas private equity firm has agreed to acquire Wisconsin-based Sturm Foods from Midwest middle market firm Mason Wells.
San Francisco’s Fremont Partners has agreed to sell Kerr Group to Berry Plastics, held by Goldman Sachs Capital Partners and JPMorgan Partners.
Global buyout firm Warburg Pincus has acquired the heading products company and announced the hire of Rajiv Ghatalia as managing director in the Hong Kong office.
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.

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