Ken MacFadyen

Minneapolis private equity group Goldner Hawn Johnson & Morrison has clinched a deal to take Transport Corp. of America private, rebounding quickly from its missed ShopKo buyout.

Hellman & Friedman and Texas Pacific Group have agreed to a roughly $1.5 billion deal to acquire a 60 percent stake in Linsco/Private Ledger, an independent broker. The transaction, coming on the heels of the Refco implosion, reaffirms private equity’s commitment to the financial services space.

Mark Anson’s move from the California Public Employees’ Retirement System (CalPERS) to private investment manager Hermes is a jump many public pension plan heads have made before.

The CEO and president of Broder Bros. have both given their notices at the Bain Capital portfolio company. Bain’s Thomas Myers will fill in on an interim basis.

After successive hurricanes have battered the Southern parts of the US, Stone Point, the team of former Marsh private equity pros, is getting back into the reinsurance business with the acquisition of a Chubb subsidiary.

Bain Capital and Thomas H. Lee decided to walk away from their $1.5bn School Specialty acquisition. The two sides had been renegotiating after the senior lenders that had originally committed to financing the deal balked at the end of last month.

In what will likely be the last venture capital/buyout hybrid vehicle for Morgenthaler Partners, the Cleveland-based firm has closed on $450 million (€373 million) for its eighth fund. John Lutsi, general partner, Morgenthaler Partners The $450 million cap represents a significant dropoff from the firm’s previous fund, the 2000-vintage Morgenthaler Partners VII, LP, which had […]