How to pick a buyout fund
Investors may be relying on the wrong data when picking new buyout funds. FORTUNE -- When private equity firms raise a new fund, they usually tell prospective investors to look at the interim returns...
View ArticleEliot Spitzer's Wall Street blind spot
Not everyone on Wall Street should be afraid of Eliot Spitzer's second act. FORTUNE -- Wall Street is more than a bit freaked out Eliot Spitzer's redemptive campaign for New York City Comptroller, and...
View ArticlePrivate equity deals
Advent International is among the first-round bidders for the ingredients unit of Dutch meat producerVion NV, according to Reuters. BoA Merrill Lynch is running the process, which is expected to...
View ArticleWhy general solicitation isn't evil
Hedge and private equity funds will be allowed to advertise, but it isn't a Wall Street plot to foist garbage on unsuspecting investors. FORTUNE -- We've now had nearly 24 hours to digest the SEC's...
View ArticlePrivate equity deals
Acorn Growth Companies and The Edgewater Funds have partnered to acquire Tods Aerospace & Defence Ltd., a UK-based company focused on engineering, designing and manufacturing of advanced materials...
View ArticleIcahn knows his Dell odds are slim
Carl Icahn is almost down for the count on Dell. FORTUNE -- Carl Icahn knows he's losing the battle for Dell, and this morning offered yet another sweetener to get more votes against the buyout offer...
View ArticleHulu is no longer for sale
Hulu's big media owners choose to reinvest rather than sell. FORTUNE -- Hulu is no longer for sale, as the streaming video company's media owners have decided to maintain their shares and invest an...
View ArticlePrivate Equity
Altor has agreed to acquire n 80% stake in French ski equipment maker Rossignol Group fromChartreuse et Mont Blanc, an affiliate of Macquarie Group. No financial terms were disclosed. Minority...
View ArticleUniversity of California loses investment chief
Marie Berggren resigns suddenly, after seven years running an $80 billion portfolio. FORTUNE -- The University of California is without a chief investment officer for its $80 billion endowment,...
View ArticlePrivate equity deals
Deltek, a Herndon, Va.-based portfolio company of Thoma Bravo, has acquired Acumen, an Austin, Texas-based provider of project management solutions and services. No financial terms were disclosed....
View ArticleKester quits as Abu Dhabi's private equity boss
Sovereign wealth fund loses head of private equity investing. FORTUNE -- Jim Kester has stepped down as head of private equity investing for the Abu Dhabi Investment Authority, Fortune has learned. No...
View ArticleWhat a Dell vote delay really means
Don't expect Michael Dell to raise his price. FORTUNE -- There are multiple reports out this afternoon that Dell Inc.'s (DELL) special committee may delay Thursday's scheduled shareholder vote on the...
View ArticlePrivate equity deals
AXA Private Equity has increased its offer for French catering company Elior by €250 million to €3.7 billion, according to Les Echos. Elior is currently owned by Charterhouse Capital...
View ArticleESO Capital trio leave to launch new firm
RoundShield Partners plans to raise $500 million. FORTUNE -- Three investors from ESO Capital Group have left to launch their own firm, Fortune has learned. The new group is called RoundShield...
View ArticleBlackstone earnings crush expectations
The Blackstone Group reports another strong quarter. FORTUNE -- The Blackstone Group (BX) this morning crushed analyst expectations, reporting $703 million of economic net income for the second...
View ArticleDell postpones vote. What now?
Michael Dell hasn't won or lost. Yet. FORTUNE -- Dell Inc. (DELL) has postponed a final vote on its pending $24.4 billion buyout offer from founder Michael Dell and private equity firm Silver Lake,...
View ArticlePrivate equity deals
Dell Inc. (NYSE: DELL) has postponed a final vote on its pending $24.4 billion buyout offer from founder Michael Dell and private equity firm Silver Lake, which had been scheduled to take place this...
View ArticleBlackstone isn't planning to advertise
Blackstone president plays down new general solicitation rules. FORTUNE -- The Blackstone Group isn't planning to advertise its new funds anytime soon, according to firm president Tony James. Speaking...
View ArticleWhy Men's Wearhouse bought Joseph Abboud
Behind the sale of Joseph Abboud to Men's Wearhouse. FORTUNE -- Men's Wearhouse (MW) has done a deal with private equity, but it's not exactly what most people had in mind. The men's apparel retailer...
View ArticlePrivate equity deals
Fieldwood Energy LLC, a Houston-based portfolio company of Riverstone Holdings, has acquiredApache Corp.'s (NYSE: APA) Gulf of Mexico Shelf business for $3.75 billion. The purchase represents more than...
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