Kevin Ley

Investor relations professionals at the PEI Media forum in New York were told that increasing LP needs are moving the industry towards an 'investment management model', requiring constant communications and information flow.

As LPs demand greater detail, GPs will have to rely less on their IR teams fielding all calls, writes Kevin Ley.

Smaller firms may be hit hard if forced to register with the SEC, writes Kevin Ley.

Moody's has followed Fitch in slashing its debt rating for Energy Future Holdings as concerns mount over its ability to pay creditors. The company formerly known as TXU was purchased by TPG, KKR and Goldman Sachs in a $45bn transaction, the largest-ever buyout closed to date.

The New York-based firm’s $59m bid for the iconic film company bested three other investment groups. It puts the company in private equity hands for the third time.

The Chicago-based private equity firm’s $200m acquisition of Entertainment Rights’ subsidiaries gives it control over popular children’s characters like Frosty the Snowman, He-Man and Casper the Friendly Ghost.

SK Capital is purchasing assets including manufacturing plants from St. Louis-based Solutia for $50m.

The US firm has been deploying cash consistently throughout the past month, most recently having invested $160m to acquire the ice-making business of Manitowoc. It is also set to exit electronic payment firm Metavante, which will be merged with Fidelity National Information Services to create a $10bn enterprise.

New guidelines announced by the Financial Accounting Standards Board, in response to recent pressure amid increasing write-downs and stock drops, will give GPs more room to maneuver in pricing investments.

The Boston-based mid-market firm financed the purchase of the trendy cosmetics line from its $575m third fund, which still has ample capacity for future investments. California-based Urban Decay is poised to expand into new markets.