Christopher Witkowsky

The bankrupt retailer will be sold for about $476m to a liquidation group including Gordon Brothers Retail Partners, Hilco Merchant Resources and Hudson Capital. Apollo, which spent $201m for its stake in the company, has said the loss will have minimal impact.

Simpson Thacher & Bartlett, the law firm for private equity and real estate heavyweights like Blackstone, KKR and JC Flowers, will guide the government as it spends up to $250bn purchasing equity stakes in banks.

The Washington, DC-based firm wants to outbid Bain and Hellman & Friedman for Lehman’s investment management unit, but has said provisions in the sales agreement including a $110m break-up fee will have a chilling effect on additional bidders.

While its full impact remains unclear, the US goverment's intent to buy $250bn in bank equity stakes could create lucrative co-invesment opportunities for private equity firms.

The investment in Redington, a tech products distributor, will be made from the firm's Gulf growth opportunities fund, which was launched in 2007 and has received commitments totalling $1.1bn.

Simpson Thacher & Bartlett, the law firm for private equity heavyweights like Blackstone and KKR, will guide the government as it spends up to $250bn purchasing equity stakes in banks. The government also hired Bank of New York Mellon to serve as custodian for the $700 billion bailout.

The deal for Endurance International is the Menlo Park, California firm's second this month and the third from its recently closed $600m Fund III.

Dubbed Amara, the fund will rely largely on Gulf-based LPs and plans to go public on London’s Alternative Investment Market. The fund has formed a partnership with Pan China Construction to co-invest in joint ventures.

Oak Hill Capital Partners bought US drug store chain Duane Reade in 2004 for $750m, a price allegedly based on inflated earnings numbers.

The Chicago-based firm participated in financing for two deals that closed in October.