Jennifer Harris

US student lender Sallie Mae will accept a $30 billion refinancing in lieu of a JC Flowers-led buyout. Meanwhile, Blackstone has told Alliance Data it does not think the company can meet closing conditions for a $6.43 billion acquisition.

Baird Capital Partners and Lubar & Co. will contribute $85 million in rollover equity to finance the acquisition by REIT Cogdell Spencer.

One of Diamond Castle Holdings’s eight portfolio companies owes between $100 million and $500 million, according to its Chapter 11 filing.

Joseph Rice, Clayton Dubilier & Rice chairman, reportedly said the study presented in Davos today proves private equity is neither a demon nor a saviour.

Theater-focussed investment firm Key Brand Entertainment will bring Broadway shows to more cities in the US, Canada and Japan.

Speaking on a World Economic Forum panel dedicated to sovereign funds, the Blackstone chairman and chief executive praised the funds and likened them to US state pensions as institutional investors.

Two months after adding former Senate majority leader Bill Frist to its investment team, the Thoma Cressey Bravo spinout has hired healthcare vet and Waller Lansden Dortch & Davis chairman Ralph Davis.

Clearlake Capital Partners teamed with Cerberus Capital Management and Churchill Financial to finance two add-on acquisitions for GoAmerica.

Resilience Capital Partners is the latest private equity firm to pick up a non-core division of bankrupt auto supplier Delphi.

The Chicago-based firm and media intellectual property investors Eric Ellenbogen and John Engelman will invest $200 million to acquire, manage and exploit entertainment copyrights.