Art Janik

The New York-based private equity firm has named three new partners to its royalty and secondary funds.

The New York private equity firm has agreed to Cendant’s marketing services division, a business line that was the site of hundreds of millions of dollars in accounting fraud for the conglomerate.

The Houston-based private equity shop has closed its second fund on $470m, including a $20m commitment from the firm’s principals.

The New York-based private equity firm has made the first investment from its third fund and has exited a fast food franchise business.

Media investment bank Veronis Suhler Stevenson sold construction trade publisher Hanley Wood for $650m, more than 12.5 times the media company’s EBITDA.

A recent survey conducted by the Institute for Private Investors has shown for a third year in a row that wealthy families are choosing alternative investments over stocks.

Morgan Stanley Venture Partners, formed in 1986, will spin out of its parent company as an independent venture capital firm called Crossmark Capital.

Thomas H. Lee and CIVC will reap a huge profit in the sale of TransWestern Publishing, a US yellow pages publisher, to London’s Yell Group.

Following a 2003 policy change in the way it deals with its intellectual property, the computer giant this week launched Microsoft Intellectual Property Ventures, which will work in conjunction with venture capitalists and entrepreneurs to license 20 technologies to startups and small companies.