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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...
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Eliot 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...
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Private 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...
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Why 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...
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Private 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...
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Icahn 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...
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Hulu 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...
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Private 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...
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University 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,...
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Private 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....
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Kester 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...
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What 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...
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Private 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...
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ESO 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...
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Blackstone 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...
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Dell 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,...
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Private 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...
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Blackstone 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...
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Why 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...
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Private 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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