Kevin Ley

The New York-based investment bank has hired two former Bear Stears private equity secondaries executives, Jeff Hammer and Paul Sanabria, to run its new advisory service.

The US-based cable provider, whose primary bondholders include Apollo and Oaktree Capital Management, has obtained support for a pre-arranged bankruptcy plan intended to reduce its debt load by $8bn.

The fourth global power and energy fund raised by the two firms will stay in the market a few more months, with Riverstone having recently expanded its team to help source and execute future energy investments.

The US government's moves to gain greater regulatory control over large financial instutions would obligate some private equity firms to register with the SEC and supply data including the names of LPs and leverage levels on deals.

The New York-based private equity firm has taken the unusual step of suing two of its smaller LPs – Chalice Fund and WK CG Investments – for allegedly defaulting on capital contributions to three funds.

Daniel Rosensweig joined Quadrangle in 2007 to launch its tech-focused Silicon Valley office. He will now oversee the operations of Activision's top-selling Guitar Hero video game.

The casino operator, which was purchased last year by Apollo Global Management and TPG, is offering to exchange the bonds for $2.8bn in notes as it seeks more room to maneuver in avoiding a default.

The California-based firm is buying the newspaper, which has a weekday circulation of 270,000, as the newspaper industry continues to contract amid plummeting sales.

The energy-focused private equity firm has hired former US diplomat and Goldman Sachs executive Peter Coneway as it seeks $6bn for its latest joint fund with Carlyle.

Clarion Capital Partners has emerged as the winning bidder for fine china maker Lenox, after the reopening of the process by a bankruptcy court allowed the private investment firm to trump an earlier winning bid by KPS Capital Partners.