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Breaking down the Market Basket deal
Grocery shoppers are streaming back into New England supermarket chain Market Basket, after Arthur T. Demoulas reached a $1.5 billion deal to buy the 51% stake he didn’t already own from estranged...
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Private equity’s giant collusion case is over, as Carlyle folds
The Carlyle Group ACG has agreed to pay $115 million to settle its part in a massive private equity collusion case, Fortune has learned from a source close to the situation. This will bring the entire...
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Exclusive: An Obama friend poaches a White House aide
The private equity firm run by one of President Obamas best friends is getting even closer to his administration. The Chicago-based Vistria Group, co-founded last year by longtime Obama pal Marty...
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Michael Kors’ original investors head for the exits
The two founding investors in Michael Kors KORS that helped turn the fashion brand into an international powerhouse are cashing out, a move that raised concerns on Wall Street that even insiders think...
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Exclusive: Riverstone to raise money for other PE firms
Energy-focused private equity giant Riverstone Holdings has been bulking up its investor relations staff this year, growing the group from just 3 to around 10. Included have been several hires from...
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Jimmy Choo plans $1 billion IPO
Luxury shoemaker Jimmy Choo, made famous by Sarah Jessica Parker’s character in the HBO show Sex and the City, is looking to go public to the tune of about $1 billion. The brand, which is owned by JAB...
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Ex-Gores investors launch new private equity firm
Back in May, we reported that Jordan Katz and Tim Meyer had stepped down as managing directors with Los Angeles-based private equity firm Gores Group. Now comes word that the pair has launched a new...
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Goldman Sachs report is wrong about private equity
Goldman Sachs yesterday published a research report arguing that private equity has been a lethargic deal-maker in 2014, but that it will soon awaken to prolong the current M&A boom. It’s titled...
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Private equity guru Harry Silverman weighs bid for Tottenham Hotspur
Can a man who turned round Avis and Ramada Hotels restore the fortunes of the Premiership’s perennial underachievers? Or is he looking at a London real-estate trade with a soccer club attached? Cain...
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New Jersey union complaint on pension ‘ethics’ is full of holes
The New Jersey State AFL-CIO last week filed an 11-page complaint with the State Ethics Commission, referring to what it called “a disturbing pattern of big contributions to Christie for Governor or...
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Cognizant buying TriZetto to boost its healthcare business
Cognizant Technology Solutions, an outsourcing firm, just bought TriZetto for $2.7 billion as it looks to buildup its healthcare technology services. The all-cash deal is Cognizant’s CTSH biggest ever...
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Hellman & Friedman makes major management change
Brian Powers is no longer chairman with Hellman & Friedman, the San Francisco-based private equity firm that currently is raising upwards of $10 billion for its eighth fund. He instead has...
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CalPERS cuts out hedge funds. Is private equity next?
The California Public Employees’ Retirement System this week announced that it no longer will invest in hedge funds, in an “effort to reduce complexity and costs” in its investment portfolio. The...
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Credit problems for the company that vetted Edward Snowden
It has been a disastrous 18 months for Altegrity, the Virginia-based data management and employee screening company responsible for vetting former spy agency contractor Edward Snowden. And the future...
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SEC charges private equity firm with ‘fee’ violations
Finally! That was my first thought upon seeing that the SEC had charged private equity firm Lincolnshire Management with breaching fiduciary duty by an improper allocation of portfolio company fees....
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ISIS Equity changing name to something less terrorist-y
ISIS Private Equity is the latest business to change its name so as not to be associated with the terrorist group that is most notable for its barbarism. The London-based firm was founded in 1995 to...
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Battery Ventures buys 142 year-old testing equipment maker
Battery Ventures is best-known for backing early-stage tech startups, but the bi-coastal firm also has a vibrant buyout practice that focuses on more established companies. But perhaps none quite so...
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TGI Friday’s latest chain seeking exit from running own restaurants
TGI Friday’s is planning to sell off the bulk of its company-owned restaurants, becoming the latest chain wanting to get out of the risky business of operating restaurants itself. The casual dining...
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Why a Western private equity firm just doubled down on Russia
Russia is not a place where Western private equity wants to play right now. Too much conflict, too many sanctions. For example, The Blackstone Group recently said that it was giving up on the country,...
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TIBCO Software goes private with $4.3 billion Vista Equity purchase
TIBCO Software is going private after Vista Equity Partners paid $4.3 billion Monday to purchase the maker of business software in what is the largest technology buyout this year. Vista, a private...
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