Amanda Janis
Carlyle co-founder David Rubenstein has predicted more IPOs for private equity firms as they grow and their founders age, while Apollo founder Leon Black has acknowledged that his firm and virtually all others are considering public offerings.
Troubled North American tyre manufacturer Goodyear Tire & Rubber Co. has agreed to sell its Engineered Products division to The Carlyle Group.
New York-based Auda Private Equity has closed a $787 million fund of funds and co-investment vehicle.
Apax Partners and Morgan Stanley Principal Investments have increased their offer for Hub International, as they look to ward off the threat of a competing bid.
The Silicon Valley venture firm, renown for backing tech startups like eBay and Second Life, has hired former Electronic Arts vice president Mitch Lasky as its eighth partner.
The Silicon Valley venture firm has raised $435m for its ninth fund, on the way to a reported $600m target.
US prosecutors and the SEC are reportedly readying charges against the former Reagan White House budget director David Stockman, who later founded Heartland Industrial Partners following a stint at Blackstone.
The Paul Allen-backed multi-strategy investment vehicle Vulcan Capital and US management group Bankers’ Capital have jointly formed Vulcan Bankers Group, which will focus on banking industry investments in the Southeastern US.
The board of transportation and logistics firm EGL said Monday it had approved a leveraged buyout offer from EGL’s CEO and two investment firms including Centerbridge; Apollo says it trumped their offer yet still was effectively shut out of the bidding process.
The Paris-based placement agent has begun its US push with the hire of Gayle Jackson, founder and president of US consulting firm Energy Global.