Suzanne Weinstock

The buyout firm’s president, Joshua Harris, is relocating to London from New York while former Drexel Burnham colleague Marc Rowan makes the reverse move.

The JPMorgan unit, Sagard Capital Partners and Tinicum Capital Partners have agreed to acquire newly issued stock from X-Rite as a part of the company’s plan to reduce its debt by $144m.

The listed alternatives firm has exited it June 2006 investment in cable box company Contec to Bain Capital Partners for a reported $525m.

The New York-headquartered boutique asset manager, currently raising $1bn for its third mid-market fund, will sell to Mizuho Corporate Bank $120m in debt and warrants while collecting up to $150m across its funds.

The air freight service company has shut down after filing for bankruptcy twice in two and a half years. As aviation companies grapple with sky high oil prices, Gemini will follow in the ill-fated footsteps of The Yucaipa Companies-owned Aloha Airgroup and MatlinPatterson-controlled ATA Airlines.

Upon the merger of Nymex Holdings and CME Group at the end of this week, the Greenwich, Connecticut-based private equity firm will hold 1.3 percent of CME; General Atlantic also holds stakes in NYSE Euronext, BM&F Bovespa and the National Stock Exchange of India.

The middle market firm has closed it fourth fund, more than half of which was contributed by new investors, after approximately two years of fundraising. The fund has deployed $50m of capital to date.

Spark Capital and Syncom Venture Partners have led a second round of funding to help Clear expand its US footprint.

Covidien is the latest company to launch an in-house venture arm, a re-emerging trend as companies look to acquire strategic emerging technologies.

Former IBM chief Louis Gerstner will step down as the global buyout firm’s chairman after five years. He will remain a senior advisor to the firm’s Asia, Europe, Japan and US buyout funds.