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Sunrise Growers to be sold
Frozen strawberry company switching private equity sponsors. FORTUNE -- Paine and Partners is in talks to acquire frozen strawberry producer Sunrise Growers from Sun Capital Partners, according to an...
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Straw man alert: Carried interest edition
The carried interest tax debate isn't about deficit reduction. FORTUNE -- Steve Judge, president of the Private Equity Growth Capital Council, today wrote an op-ed arguing that carried interest should...
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Private equity deals
Apollo Global Management has partnered with Sapin's Bankinter SA to bid on Swiss private bank BSI from Italian insurance company Generali, according to Reuters. The deal could be valued at upwards of...
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Private equity's 'potential crisis'
Do private equity firms need to make a structural change? FORTUNE -- Private equity funds have long featured "hurdle rates," or preferred returns that funds must generate for investors before fund...
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Buffett: Heinz is not a 'private equity' deal
Warren Buffett makes an unconvincing case. FORTUNE -- Shortly after Berkshire Hathaway announced plans to buy H.J. Heinz Co. (HNZ) for $28 billion, I suggested that Warren Buffett's well-documented...
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Rattner vs. private equity solicitation
The part of Steve Rattner's JOBS act column that hasn't gotten enough attention. FORTUNE -- Steve Rattner has been taking some heat for a recent New York Times column that was deeply critical of the...
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Private equity deals
AUA Private Equity Partners has acquired Associated Foods Holdings, in partnership with company management. Associated is a distributor of grocery products to branded independent (predominately...
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What is Icahn up to with Dell?
Carl Icahn throws a wrench into the Dell buyout. FORTUNE -- CNBC is reporting that Carl Icahn has acquired a 6% stake in PC maker Dell Inc. (DELL), which has agreed to be taken private for $24 billion...
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Private equity deals
Sycamore Partners has agreed to acquire retailer Hot Topic Inc. (Nasdaq: HOTT) for approximately $600 million, or $14 per share (30% premium over yesterday's closing price). www.hottopic.com Hunter...
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Perella Weinberg gets into growth equity
New platform seeking $400 million for debt fund. FORTUNE -- Boutique investment bank Perella Weinberg Partners is looking to raise $400 million for a new fund focused on growth equity investment...
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Icahn's Dell math gets an F
The arduous journey to $9 per share. FORTUNE -- Carl Icahn on Tuesday sent a letter to the Dell Inc. (DELL) board of directors, laying out his alternative to the company's agreement to be acquired for...
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Mitt Romney returns to private equity
The former presidential candidate is once again a private equity executive, but not at Bain Capital. FORTUNE -- Ever since getting waxed by Barack Obama last November, Mitt Romney has maintained an...
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Private equity deals
Kohlberg Kravis Roberts & Co. has agreed to acquire Gardner Denver (NYSE: GDI), a Wayne, Penn.-based maker of industrial machinery, for approximately $3.9 billion (including the assumption of...
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Why Dell doesn't like Icahn's plan
What's so bad about a special dividend? FORTUNE -- Carl Icahn this week asked Dell Inc. to scrap its plans to be taken private by founder Michael Dell, proposing instead that the company provide...
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Private equity deals
TPG Capital has won the auction for Australian poultry producer Inghams Enterprises at an enterprise value reported to be between A$900 million and $1 billion. TPG beats out The Blackstone Group, in a...
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Oppenheimer admits to misleading investors
SEC busts Oppenheimer for inflating investment valuations. FORTUNE -- The Securities & Exchange Commission today charged two units of Oppenheimer & Co. with misleading investors as to the value...
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Who is Dell's board working for?
Are boards ultimately responsible to shareholders? And, if so, which ones? FORTUNE -- Carl Icahn announced this morning that he has entered into a confidentiality agreement with Dell (DELL), which...
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Private equity deals
Heart to Heart Hospice, a Plano, Texas-based provider of hospice care, has secured a minority equity investment from Summit Partners. www.hearttohearthospice.com Hostess Brands formally announced that...
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Private equity deals
Centerbridge Partners and Corsair Capital are considering a joint bid for the 315 UK branches being sold by Royal Bank of Scotland, according to Sky News. www.rbs.com IMS Health has acquired Appature,...
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New Dell suitors don't make much sense
Don't expect a rival offer for Dell. FORTUNE -- We are now 10 days away from the end of Dell Inc.'s "go-shop" period, during which the company can solicit superior bids to the existing $13.65 per share...
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