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Judge rules in private equity conspiracy case
Private equity firms off the hook for bid-rigging, but still accused of refusing to jump each other's deals. FORTUNE -- The landmark private equity conspiracy lawsuit will carry on, albeit in a more...
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Private equity deals
Aparc Systems Ltd., a Vancouver-based provider of parking management and systems integration solutions, has raised an undisclosed amount of growth equity funding from Kayne...
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Private equity's fundraising spin
A new study finds that private equity firms inflate performance while fundraising. FORTUNE -- Private equity firms inflate performance data when trying to raise new funds, according to University of...
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Private equity in your 401(k)?
Private equity for ordinary investors may be on the horizon. FORTUNE -- Last year I wrote that private equity firms eventually would find a way to let non-millionaires into their funds, as traditional...
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Private equity deals
The Canada Pension Plan Investment Board (CPPIB) is considering a bid for British nuclear fuel company Urenco, according to the Sunday Times. Urenco is owned by the British government and Geman...
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Exclusive: Avenue prepares for life post-Lasry
Avenue Capital names Rich Furst as chief investment officer. FORTUNE -- President Obama soon will nominate hedge fund manager Marc Lasry to be the next U.S. Ambassador to France, and his firm is...
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Private equity deals
Linsalata Capital Partners has acquired Signature Systems Group, a New York—based maker of specialty ground surfaces and industrial mattings, from Dubin Clark & Co. No financial terms were...
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Private equity deals
Artemis Capital Partners has recapitalized Ohio Tool Works Corp., an Ashland, Ohio—based maker of industrial honing machines, tooling and abrasives. No financial terms were disclosed.www.artemislp.com...
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CalPERS indictment leaves key questions unanswered
The former head of America's largest public pension has been indicted for fraud, but key questions remain. FORTUNE -- A federal grand jury this week indicted the California Public Employees' Retirement...
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Blackstone weighs Dell bid, considers new CEO
Blackstone is considering other Dell CEO candidates, just in case. Oracle's Mark Hurd is on the short list. FORTUNE -- Michael Dell just wants everyone to leave him alone, while he tries to transform...
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Private equity deals
Arlington Capital Partners has acquired Micron Technologies Inc., a Malvern, Penn.-based provider of particle size reduction and analytical services to the pharmaceutical industry. No financial terms...
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Private equity deals
BMC Software (Nasdaq: BMC) is expected to receive buyout bids in excess of $6 billion from at least three private equity groups, according to Reuters. One group includes KKR and TPG Capital, while...
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Apax Partners slashing staff amidst fundraising woes
British buyout firm under pressure. FORTUNE -- Apax Partners is planning major cutbacks, as it struggles to reach its €9 billion fund-raising target. Dow Jones first reported the news this morning,...
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AXA's private equity spin-out slowed by French tax debate
Tax worries delayed spin-out of $31 billion investment group. FORTUNE -- French insurance giant AXA Group today reached an agreement to spin out its $31 billion private equity unit, a whopping 18...
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Will Dell's rival bidders entice Michael Dell?
Dell gets rival offers, but neither would really take the company private. FORTUNE -- Dell Inc. announced this morning that it received two acquisition bids during its "go-shop" process, and that both...
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Private equity deals
Apollo Global Management has agreed to acquire FinanMadrid, the auto and consumer loan unit of Bankia SA. No financial terms were disclosed. www.agm.com FountainVest Partners has agreed to acquire LJ...
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Michael Dell's goodbye memo to Dave Johnson
Dell memo suggests amicable parting with former M&A boss David Johnson. FORTUNE -- Earlier today I posed six questions about the Dell (DELL) situation. Among them was the current state of relations...
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Debt is back - big deals may be close behind
In Heinz, investors gobbled up tons of debt at unprecedentedly cheap levels and with lenient terms. By Lauren Silva Laughlin FORTUNE -- Here's one reason buyout kings like Blackstone's Steve Schwarzman...
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Private equity deals
Ratos AB and Rite Ventures have agreed to acquire Nebula Oy, a Finnish provider of cloud services to small and medium-sized companies. The deal is valued at approximately €82.5 million, including a €35...
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Exclusive: Dell paying Blackstone's bills
PC maker reimbursing due diligence costs for potential buyers. FORTUNE -- Dell Inc. is reimbursing The Blackstone Group's due diligence costs on a possible buyout offer for the company, Fortune has...
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