A recent survey of limited partners has mixed news for general partners heading back to the well for fresh commitments in 2014, with many investors saying they have a strong appetite for U.S. buyout funds but little interest in evaluating new relationships with sponsors. Nearly two-thirds of respondents (62 percent) said they “plan to focus […]
Fifth & Pacific Cos Inc said it would sell its Lucky Brand Jeans business to private equity firm Leonard Green & Partners LP for $225 million as it focuses on its fast-growing, higher-end Kate Spade brand, sister news service Reuters reported.
KKR & Co LP and Bain Capital are among suitors which have placed initial bids for Tyco International Inc’s South Korean security systems unit, a business valued at about $1.6 billion, people familiar with the matter told sister news service Reuters.
What a difference six months makes. The final half of 2012 brought significant gains to the Los Angeles City Employees’ Retirement System’s venture portfolio. For example, 2011 vintage Polaris Venture Partners VI soared to astronomical heights, and Vicente Capital Partners GEF climbed into positive territory. New Enterprise Associates 13 also gained ground and DFJ Frontier […]
Sysco Corp said it would buy rival US Foods Inc for about $3.5 billion and assume about $4.7 billion in debt to cement its position as the biggest U.S. food distributor, sister news service Reuters reported.
Cerberus Capital Management LP is working on a mechanism that would allow its fund investors to exit Freedom Group Inc, the maker of the Bushmaster rifle used in the Newtown, Connecticut school shooting rampage, people familiar with the matter told sister news service Reuters.
The number of entities at risk of default climbed to a 10-month high in the three-month period to mid-November, according to Standard & Poor’s. At the same time, Buyouts found another uptick in the number of such companies with a U.S.-based financial backer.
After two years of sluggish deal making in the technology industry, participants in a survey are “modestly bullish” that the pace of mergers and acquisitions will pick up in 2014, according to a report by the law firm Morrison & Foerster.
Can Fenway Partners and KRG Capital overcome their recent staff turnover and underperforming funds?
Carlyle Group LP is preparing an initial public offering or a sale of PQ Corp that could value the specialty chemical company at up to $3 billion, including debt, people familiar with the matter told sister news service Reuters.
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