David Snow

Ladbrokes, the bookmaker division of Hilton Group in the UK, has received indications of interest from private equity firms for a buyout that could be worth £3.5bn (€5.1 bn; $6bn).

Just days after the drug was approved by federal drug authorities, San Francisco-based Paul Capital announced a partial royalty interest in ROTATEQ, a Merck vaccine.

Telecom giant Verizon Communications wants to sell or spin off its directories business, the company announced yesterday. The deal could fetch a reported $17bn.

Raising Elevation Partners’ debut fund involved helping LPs get comfortable with a rock star.

Corsair Capital, the financial services supergroup spinning out of JP Morgan, has added a new star partner - Richard Thornburgh, an executive vice chairman at Credit Suisse First Boston.

KPS Special Situations and Pegasus Partners have already recouped 1.5x their investment in Genesis Worldwide thanks to a unit sale to Mitsubishi-Hitachi Metals Machinery.

New York-based Solera Capital has bolstered its Homegrown Naturals organic food platform with the purchase of Annie’s Naturals, a maker of salad dressings and condiments.

Harvey Golub, Ramana Raghavendran and Renny Smith, partners at TH Lee Putnam Ventures, will spin out to raise a $500 million fund, while the Thomas H. Lee Partners-affiliated tech group winds down.

Days following the announcement of its debut deal, private equity firm Elevation Partners has announced an agreement to buy $100m worth of convertible preferred stock in Homestore, an Internet real estate services company.

Elevation Partners, the entertainment- and IP-focused private equity upstart, has announced its debut deal – a proprietary, $300m merger and backing of two well known video game developers.