Jennifer Harris

The private equity firm will acquire the medical imaging business of Bristol-Myers Squibb, adding a sixth company to its healthcare portfolio.

The private equity arm of China International Trust and Investment Company has padded its private equity programme with two new hires for its China team and three additions to its Japan team.

Tom Gores’ Platinum Equity will pay $190 million to acquire the steering and half-shaft business of Delphi Corporation, as part of the General Motors spinout’s emergence from bankruptcy.

DLJ spinout Avista Capital Partners has made its fifth investment in the healthcare industry, with its agreement to buy the fluid management and venous access businesses of Boston Scientific.

GTCR Golder Rauner has agreed its first aviation deal in its nearly 30-year history in partnership with Platform Partners: the buy-and-build acquisition of the airport services business of Landmark Aviation.

In August Saul Fox sued his partner Dexter Paine for allegedly trying to force him from the firm they founded a decade ago. The two have settled out of court before a Chancery Court of Delaware judge could hear testimony on the case.

Bain and TH Lee have pushed back the closing deadline by six months for their $27.5 billion buyout of Clear Channel. Goldman Sachs recently did the same for its $1 billion buyout of Myers Industries.

Bear Stearns and Eagle Investments have selected Steven Kwok, previously of private equity firms The Carlyle Group and Orchid Asia, to lead their joint effort in China.

The US firm is reportedly preparing to sell its stake in the bank to Japanese private equity firm Advantage Partners for an estimated $1.7 billion.

The US firm has raised $400 million for its seventh fund, to focus on early stage investments in biotechnology, advanced materials and specialty semiconductors.