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Debunking today's carried interest tax arguments
'Carried interest' is back on the table and so are the private equity industry's defenders. FORTUNE -- President Obama today unveiled his federal budget proposal, which included a change to how private...
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Private equity deals
Madison Dearborn Partners has agreed to acquire National Financial Partners Corp. (NYSE: NFP), a New York—based provider of benefits, insurance and wealth management services, for approximately $1.3...
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Bain Capital secures $3 billion
Big week for private equity giant. FORTUNE -- Bain Capital this week is holding a first close on approximately $3 billion for its new private equity fund, Fortune has learned. The overall target is $6...
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Private equity deals
Argon Medical Devices, a Plano, Texas-based portfolio company of RoundTable Healthcare Partners, has completed its previously-announced acquisition of the interventional products business ofAngiotech...
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Private equity deals
The Carlyle Group and Palamon Capital Partners have acquired DBG (UK) Ltd., a British healthcare support services provider, from Synova Capital. No financial terms were disclosed.www.thedbg.co.uk...
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Apollo sued by ex-placement agent
Private equity's placement agent saga takes a strange twist. FORTUNE -- Is it chutzpah, a breach of contract or both? Former "placement agent" Al Villalobos yesterday sued Apollo Global Management...
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Private equity deals
Bohemia Interactive, a provider of training games and interactive simulations for defense, emergency and mission-critical customers, has acquired TerraSim Inc., a Pittsburgh-based provider of software...
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Blackstone: 'We're serious about tech'
Blackstone reports earnings. FORTUNE -- The Blackstone Group this morning reported 55 cents in net economic income for Q1, beating analyst estimates of 53 cents per share. Some takeaways, from both...
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Blackstone bails on Dell
Blackstone ends its pursuit of the PC maker. FORTUNE -- The Blackstone Group (BX) is ending its pursuit of Dell Inc. (DELL) without formally submitting a superior offer to the $24.4 billion bid made...
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What did (or didn't) Blackstone know about Dell?
A major discrepancy emerges in Dell timeline. FORTUNE -- When The Blackstone Group ended its pursuit of Dell Inc. last night, on of the reasons it cited was the PC maker's "rapidly eroding financial...
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Q&A with SeaWorld CEO Jim Atchison
What happens when you bring penguins to the New York Stock Exchange. FORTUNE -- Theme park operator SeaWorld Entertainment (SEAS) began trading on the NYSE earlier today, after raising around $702...
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Private equity deals
Aquiline Capital Partners has acquired Equity Insurance Group, a British motor insurance company from Insurance Australia Group (ASX: IAG). No financial terms were disclosed. www.equitygroup.co.uk...
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Private equity deals
The Blackstone Group has agreed to acquire Credit Suisse Strategic Partners, the bank's secondary private equity business with $9 billion in assets under management. No financial terms were disclosed....
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T. Rowe: We still hate Dell deal
The more things change, the more they stay the same. FORTUNE -- T. Rowe Price is still opposed to taking Dell Inc. private at $13.65 per share, even though the PC maker's stock has fallen well below...
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Private equity deals
EQT Partners and GIC are expecting bids from five different private equity firms for its German specialty publisher Springer Science+Business Media, according to Reuters. The deal could be valued at...
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Just how bad were clean-tech investments?
Clean-tech investments have underperformed, but that doesn't mean they're underwater. FORTUNE -- Conventional wisdom is that venture capitalists have taken a bath on clean-tech, thanks to high-profile...
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Gabriel Gomez's private equity past
Senate candidate Gomez shouldn't take 'private' equity so literally. FORTUNE -- Massachusetts next week will hold party primaries for those vying to succeed John Kerry in the U.S. Senate. On the...
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Private equity deals
The Carlyle Group has agreed to sell Synagro Technologies Inc., a Houston, Texas—based recycler of organic waste, to EQT Partners via a prepackaged bankruptcy. The deal is valued at approximately $455...
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Private equity deals
Bain Capital and Thomas H. Lee Partners are the two remaining bidders for Carestream Health Inc., a Rochester, N.Y.—based provider of medical imaging systems, according to Reuters. Onex Partners is...
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Corsair opts for sale over IPO?
Private equity firm in talks to buy maker of PC gaming hardware. FORTUNE -- Francisco Partners is in talks to acquire Corsair Components, a Fremont, Calif.-based maker of gaming hardware for personal...
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