Suzanne Weinstock
After nearly three years of negotiation and two revisions of the investment agreement, the two parties have decided not to proceed citing changing market conditions. Government regulation of foreign investments had thwarted the deal in the past.
The Silicon Valley-based venture firms have signed on to lead a funding round for Zynga. Recent Kleiner Perkins hire and founding employee of gaming company Electronic Arts, Bing Gordon, will join Zynga’s board.
Billionaire Alec Gores’ private equity firm has joined up with The Four Star Group, which counts five former generals among its principals, to pursue investments in military-related sectors.
The public pension looks to alternatives to drive returns, ploughing $825m into private equity, real estate and hedge funds.
The driver of the Blackstone IPO has ended his tenure with Citi after 23 years, despite $19.3m in deferred cash and stock compensation he has left bringing with him a golden Rolodex and deep knowledge and contacts within private equity.
NRDC Equity Partners, a partnership between Apollo Real Estate and National Realty & Development Corp, will integrate Canada’s largest retailer with Lord & Taylor, Fortunoff and Creative Design Studios as part of a new holding company.
The Washington-DC based private equity firm has acquired half of a shipbuilding company in the increasingly popular destination for private equity investment. Carlyle’s entrance into Turkey follows firms such as TPG, KKR and BC Partners.
The US’ largest union of long-term care workers, the Service Employees International Union, launched its ‘global day of action’ today targeting Kohlberg Kravis Roberts, pension funds and politicians in support of the buyout industry. Unite, the largest union in Britain, also joined the cause.
In a move to expand its offerings, the mega-buyout firm has hired TCW Group president William Sonneborn to develop traditional asset management lines such as public equity funds.
Pierre Foods has obtained $35 million of debtor-in-possession financing from distressed debt specialist Oaktree Capital Management to continue operations during restructuring.