Struggling teen clothing retailer Aeropostale Inc, which has shareholders including private equity firms Crescendo Partners and Sycamore Partners Management, has adopted a poison pill that would be triggered if a stockholder buys 10 percent of the company, sister news service Reuters reported.
The buyout firms bidding for talent agency IMG Worldwide Inc have all secured partnerships with other companies in the sector after KKR & Co LP exited an auction seen fetching more than $2 billion, according to people familiar with the matter, sister news service Reuters reported.
The Massachusetts Pension Reserves Investment Management Board has committed $280 million to GTCR and American Securities, sister news service peHUB reported.
Carlyle Group has closed Carlyle Partners VI at $13 billion, making it the largest U.S.-focused fund in the private equity industry since the 2008 financial crisis, after an 18-month effort that ended about $1 billion oversubscribed.
Tomkins Plc is exploring a sale that could value the private equity-owned global manufacturer of auto parts and building products at as much as $7 billion, several people familiar with the matter told sister news service Reuters.
Private equity firm Sycamore Partners LLC is in advanced talks to acquire apparel retailer Jones Group Inc and is working toward a deal in the next few weeks, according to sources familiar with the process, sister news service Reuters reported.
The $118 billion Teacher Retirement System of Texas may commit between $2 billion and $3 billion to private equity funds in 2014 in order to maintain its targeted allocation, with incumbent sponsors expected to receive the bulk of the investments.
Stepping up its exits and acquisition activity while on the fundraising trail, Aurora Capital Group has inked its sixth deal of 2013 with the sale of Porex Corp to Filtration Group at an enterprise value of $500 million, as the Los Angeles-based private equity firm raises capital for its Aurora Resurgence Fund II and mulls plans to market its flagship fund as early as 2014.
TRS to stay with existing roster of managers Texas adds Insight Venture Partners, eyes more growth equity TRS commits $1 bln to two funds by Apollo Global Management The $118 billion Teacher Retirement System of Texas may commit between $2 billion and $3 billion to private equity funds in 2014 in order to maintain its […]
Buyout firms Apollo Global Management LLC and Thomas H. Lee Partners LP are interested in buying hospital operator Capella Healthcare from its private equity owner, according to several people familiar with the matter, sister news service Reuters reported.
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