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Private equity deals
Cave Creek Capital Management has led an acquisition of QK Holdings LLC, the largest Denny's franchisee in the United States. No financial terms were disclosed. Co-investors include Stewart Capital and...
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KKR vets get more time to raise new fund
Public Pension Capital gets a nine-month lifeline. FORTUNE -- It's tough to raise a new private equity fund. Even if you have decades of experience at Kohlberg Kravis Roberts & Co. (KKR) on your...
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The death of private equity's fee hogs
Buyout firms are skimming less cash from their companies, because they are no longer entitled to the proceeds. FORTUNE -- For years, private equity firms have skimmed money from their portfolio...
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Private equity deals
The Blackstone Group and GIC each are nearing deals to acquire 30% stakes in UK pension insurerRothesay Life from Goldman Sachs, according to the FT. Mass Mutual would acquire an additional 6%...
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Icahn: I've lost to Michael Dell
Michael Dell nears knockout of Carl Icahn. FORTUNE -- Carl Icahn today acknowledged that he will be unable to thwart Michael Dell's attempts to take Dell Inc. (DELL) private, with Dell shareholders...
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Private equity deals
Ares Management and Canadian Pension Plan Investment Board are nearing an agreement to buy upscale retailer Neiman Marcus for approximately $6 billion, according to multiple media reports. Neiman...
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KRG Capital co-founder launches new firm
Denver gets a new private equity firm: Revelstoke Capital Partners. FORTUNE -- Mark King has launched a new private equity firm, several months after being forced out of KRG Capital Partners, Fortune...
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Southeastern breaks even on Dell deal*
* Well, at least on the shares it sold to Carl Icahn. FORTUNE -- Back in June, mutual fund Southeastern Asset Management sold over half of its 8% stake in Dell Inc. (DELL) to Carl Icahn, who had joined...
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Private equity deals
3i Group has agreed to acquire GIF, a German transmission testing company. 3i will invest €77 million, while GIF co-founder will invest €23 million for a minority stake. www.gif.net Apollo Global...
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Warburg Pincus heads for the exits
Private equity giant begins unloading some of its largest bets. FORTUNE -- Back in May, Apollo Global Management (APO) CEO Leon Black said that his firm was "selling everything that's not nailed down."...
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Private equity deals
AAMP of America Inc., a portfolio company of Audax Group, has acquired Intraphex, a maker of aftermarket navigation, rearview mirror display and phone integration solutions. No financial terms were...
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Decision day at Dell
The long Dell saga nears its conclusion. FORTUNE -- Dell Inc. shareholders today are expected to approve a $24.5 billion buyout of the company by CEO Michael Dell and private equity firm Silver Lake,...
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Check-in: Hilton files for IPO
Hotel giant preps return to public markets. FORTUNE -- Hilton Worldwide was the last mega-buyout to be announced before the 2008 credit crunch and ensuing financial crisis. This morning it announced...
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Private equity deals
3i Group has offered to acquire the 50% of European ferry operator Scandlines from Allianz Capital Partners. The offer would be valued north of the € .3 billion that TPG Capital has offered for the...
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Private equity deals
Advent International and CDIB Capital have acquired "a significant equity position" in the parent company of retailer The Coffee Bean & Tea Leaf. Also participating on the deal were Mirae Asset...
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Private equity deals
Kohlberg Kravis Roberts & Co. and New Mountain Capital are considering a joint bid for talent agency IMG, according to Reuters. IMG is expected to be sold off by Forstmann Little & Co., with...
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Michael Dell tweets what's next for Dell
Michael Dell gives "interview," after getting shareholder approval for his $25 billion buyout of Dell Inc. FORTUNE -- Dell Inc. shareholders last Thursday approved a $25 billion buyout of the company...
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Private equity deals
Clayton, Dubilier & Rice has agreed to acquire a majority stake in Brand Energy & Infrastructure Services, a provider of specialty industrial services to North America's energy markets, from...
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Private equity deals
Eagle Creek Renewable, a Morristown, N.J.-based developer of small-scale hydroelectric and other renewable power projects, has raised up to $100 million in new private equity funding from Macquarie...
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Private equity deals
OpenGate Capital has agreed to acquire the Shoppers division of Harte-Hanks Inc. (NYSE: HHS) for approximately $22.5 million. Assets include the PennySaver brand. www.harte-hanks.com Victory Park...
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