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Private equity deals
Aquiline Capital Partners and Genstar Capital have agreed to acquire Genworth Wealth Managementfrom Genworth Financial Inc. (NYSE: GNW) for $412.5 million. The deal includes both Genworth Financial...
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Los Angeles pension's gun plan shoots blanks
LACERS excludes private equity from possible firearms investment policy. FORTUNE -- The Los Angeles City Employees' Retirement System's board this week recommended that its staff draft a firearms...
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Toys 'R' Us cancels IPO
Toy retailer scraps $800 million stock offering. FORTUNE -- Toys 'R' Us is still selling plenty of Elmo dolls, but it isn't planning to sell shares anytime soon. The New Jersey-based retailer today...
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Dell: We've got 99 problems but the bid ain't one
Dell tells shareholders that it extracted a higher price from Silver Lake... and also that it's got big problems. FORTUNE -- Dell Inc. (DELL) today filed a proxy statement, detailing the process...
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Private equity deals
GenNx360 Capital Partners has acquired Horsburgh & Scott Co., a Cleveland—based custom gearing manufacturer. No financial terms were disclosed. Sellers include The Edgewater Funds and Bolder...
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Michael Dell lays out his plan
Michael Dell tells Dell employees what may come next. FORTUNE -- Last month I was critical of Michael Dell for not explaining his plans for a privately-held Dell Inc. (DELL), were he and Silver Lake to...
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Private equity deals
AmerisourceBergen Corp. (NYSE: ABC) has agreed to sell its contract packaging business, AndersonBrecon, to an investor group led by Frazier Healthcare for $308 million in cash. Other member of the...
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Does Dell deal have an HP problem?
Dell's top comp is having a tough day. Could it affect the final buyout price? FORTUNE -- Yesterday I spoke with a banker who insisted that Michael Dell and Silver Lake Partners would never get their...
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Private equity deals
MidOcean Partners has acquired a "significant equity position" in Noranco Inc., a Toronto-based maker of metal components, kits and assemblies for landing gear, aero structure, and aero engine...
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David Stockman's dystopia
Ronald Reagan's former budget director, David Stockman, talks about his new book, what Republicans got wrong, and why private equity is the great deformation. FORTUNE -- The sun shines on David...
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Private equity deals
Madison Dearborn Partners and TPG Capital are the final bidders for National Financial Partners(NYSE: NFP), a New York-based wealth management firm, according to Reuters. NFP has a current market cap...
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Private equity deals
Centerplate Inc., a Stamford, Conn.-based provider of foodservice solutions to sports and entertainment venues, has acquired The Lindley Group, operator of hospitality services at several UK tourist...
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Private equity deals
ABRY Partners is in talks to acquire Securus Technologies Inc., a Dallas-based provider of audio and video communications systems for U.S. corrections facilities, from Castle Harlan for around $640...
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CompuCom switching sponsors for $1.1 billion
Private equity firms swap CompuCom. FORTUNE -- Thomas H. Lee Partners this afternoon announced that it has agreed to acquire CompuCom Systems Inc., a Dallas-based provider of IT consulting and...
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Private equity deals
General Atlantic has agreed to invest around $201 million into GOL Linhas Aereas Inteligentes SA, a Brazil-listed low-fare airline operating in Latin America. www.voegol.com.br Maverick Brothers Energy...
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Southeastern jumps the gun on Dell
Dell does not yet have any "superior offers." FORTUNE -- Southeastern Asset Management today sent a letter to Dell's board of directors, again expressing its opposition to the proposed $13.65 per share...
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Will J.C. Penney go private?
J.C. Penney would be challenging for private equity firms. FORTUNE -- J.C. Penney is an absolute mess. Its transformative CEO Ron Johnson is history, after failing to convince American grandmothers...
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Private equity deals
Anchorage Capital Group and Indigo Partners are in talks to acquire discount air carrier Frontier Airlines from Republic Airways Holdings Inc. (Nasdaq: RJET), according to the WSJ. The deal could be...
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Private equity's next big player
Marlin is the little private equity firm that could... get bigger. FORTUNE -- Marlin Equity Partners is about to join the private equity big-time. The Hermosa Beach, Calif.-based firm yesterday...
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Are private equity 'clubs' back?
Have reports of the club deal's death been greatly exaggerated? FORTUNE -- Before the financial markets went to hell in a securitized handbasket, private equity firms regularly partnered with each...
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