Matt Levin

The credit-card services company is pursuing a $170m break-up fee for the second time, as the mega-buyout firm calls the suit ‘just as spurious as the first one’.

Co-founders William Hopkins and Brian Kwait have been named co-presidents of the New York-based mid-market firm, while six other team members have been rewarded with promotions.

Tone Grant has been convicted of defrauding TH Lee and other investors during his tenure at the once-mighty commodities brokerage.

‘We’re faster and quicker than them – on and off the court,' said CVC GP Rob Berner.

The two Texas buyout firms have teamed up to buy American Beacon Advisors, a non-core asset American Airlines’ parent company first shopped in 2003.

The global buyout firm has hired former Republican party chairman Ken Mehlman for a newly created post, its latest move toward internal institutionalisation before a public float.

Goldman Sachs, currently raising $7.5bn for infrastructure, isn’t the only investment banking giant looking to capitalise on the increasingly popular asset class.

The US government agency will make commitments between $25m and $100m to new Latin American funds, ‘creating a carrot for Latin American private equity investments’.

The San Francisco-based venture firm has hired former Draper Richards partner Howard Hartenbaum.

The San Francisco-based firm co-founded by American football Hall of Famer Ronnie Lott has fully committed its latest fund.