Amanda Janis
The Houston, Texas-based company has closed its eleventh private equity fund on $1 billion.
The Houston, Texas-based company has closed its eleventh private equity fund on $1 billion.
The Houston, Texas-based company has closed its eleventh private equity fund on $1 billion.
The two private equity firms have filed a lawsuit against Aeroflex, which last month terminated its $1 billion buyout agreement with the pair in favour of a higher offer from Veritas.
PCG International has closed its first investment vehicle, a $400 million fund of funds backed solely by CalPERS.
Days before a scheduled shareholder vote, Blackstone, KKR, Goldman and TPG have amended their agreement to buy Biomet, increasing the deal for the orthopedic products manufacturer by nearly 5 percent.
Teachers’ is the latest, major Canadian pension fund to enter take-private talks for $30 billion telecom giant BCE. Like the pensions in the two other bidding groups, Teacher’s has partnered with a heavyweight US private equity firm.
San Francissco-based middle-market firm Genstar has closed its fifth fund on $1.55 billion – more than triple the amount it raised in 2004.
The US’ largest pension fund has committed $500 million to Health Evolution Partners, a new private equity firm it created in part to lower the cost of enrollee health benefits. An additional $200 million has been allocated for similarly health-oriented fund of funds.
Minneapolis, Minnesota-based Norwest Equity has invested alongside Lightyear Capital construction equipment rental firm Neff in a $900 million transaction, and simultaneously announced the sale of logistics services provider Jacobson Companies to Oak Hill.