Amanda Janis
US hand-held device maker Palm is reportedly close to a $2 billion sale, with buyout firms TPG and Silver Lake among the favourites to buy the business.
Henry Kravis and David Bonderman addressed Texas legislators’ concerns over their firms’ proposed $45 billion buyout of US utility TXU, as rival private equity firms are reportedly close to submitting a competing bid.
Middle-market buyout firm Genstar Capital has expanded its team of operating partners with the appointment of CD&R alum Edmund Carpenter.
John Leone has joined the US-based firm’s healthcare team, which recently lost three partners to Cowen Group’s new healthcare royalty group.
Robert Jackowitz has been hired as chief financial officer for the New York-based private equity group led by former Warburg Pincus vice chairman, Howard Newman.
An investor group including the Blackstone and Angelo Gordon spin-out Centerbridge has agreed to pay EGL shareholders an additional $2 per share than originally offered for the transportation company.
The US buyout arm of Baird Private Equity has closed its $300m fourth fund, which will invest in mid-market business services and manufactured products companies.
The Michael Dell-backed investment vehicle has purchased a Cleveland, Ohio-based dental services firm with more than 70 affiliated practices.
Ben Guill has resigned as president of the US private equity firm that specialises in the energy industry.
The Cincinnati, Ohio-based firm has hired former investment banker Michael McMahon to head its new San Francisco office.