Matt Levin
The San Francisco private equity firm has purchased a majority interest in the Italian restaurant chain from casual dining operator Brinker International. Brinker will retain a 19.9 percent stake in the chain, which it had been shopping for roughly a year.
Energy Future Holdings has attributed most of the loss to the effect of fair value accounting rules on its fuel-hedging activities. Concessions made by TPG, Kohlberg Kravis Roberts and Goldman Sachs in the $45bn buyout last year also played a part.
The year-old firm, in partnership with the Kauffman Fellows Program and the Center for Venture Education, has surpassed its original target of $250m.
In an increasingly familiar story for US pensions, the Florida Retirement System suffered an overall loss of 4.4 percent despite a strong showing from its alternatives portfolio.
The Canadian private equity firms have offered C$22 per share for Sleep Country Canada, a 37 percent premium over yesterday's closing price. It is the first deal in which the Toronto-based firms have partnered, and if approved by shareholders should close in September.
CVC Capital Partners’ latest buyout fund leads the pack with a €500m commitment from the public pension giant.
The $234.2bn pension is mulling a possible change to its private equity allocation, as the twin forces of sinking assets under management and shrinking distributions have combined for an overweighted alternatives exposure.
The private equity firm purchased the company, John Maneely, for roughly $500m in 2006 and then merged it later that year with a Canadian steel company in a $1.5bn deal. During Carlyle's ownership, the company increased sales from $2.2bn to $3bn.
Fortress' and Blackstone’s second quarter earnings results offer a glimpse into how firms are responding to a slowing fundraising pace, writes Matt Levin.
The $2.7bn Fresno County Employees’ Retirement Association has increased its exposure to private equity and real estate while launching a new ‘real asset’ allocation, which includes infrastructure.