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Marc Lasry's troubled path to Paris
Why it's hard for fund managers to become ambassadors. FORTUNE -- Earlier this week, hedge fund manager Marc Lasry declined President Obama's request to be nominated as the next U.S. ambassador to...
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Private equity's 'bucket' list
Big private equity firms are offering diversified products, but one size may not fit all investors. FORTUNE -- One year ago I recommended that you buy stock in publicly-traded private equity firms,...
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Richard Bressler is STILL a buyout exec
Reports of Richard Bressler's resignation have been greatly exaggerated. FORTUNE -- Richard Bressler has not resigned as a managing director with buyout firm Thomas H. Lee Partners, despite a media...
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Private equity deals
Brain Balance Holdings Inc., franchisor and operator of supplemental educational centers focused on children with learning disabilities, has raised an undisclosed amount of private equity funding...
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Blackstone to hire 50,000 vets
Private equity giant steps up for military veterans. FORTUNE -- Here's something I don't say too often: Thank you Steve Schwarzman. This morning, The Blackstone Group (BX) announced a commitment to...
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Private equity deals
Dash Multi-Corp., a platform portfolio company of Arsenal Capital Partners, has acquired Pathway Polymers, a Chattanooga, Tenn.—based supplier of polyurethane tire fill material and equipment,...
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Private equity deals
BC Partners has offered to buy animal identification company Alleflex for $1.3 billion, from shareholders like Electra Partners and Intermediate Capital Group. www.allflexusa.com Nord Anglia Education,...
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Private equity deals
Bain Capital and Golden Gate Capital have agreed to acquire enterprise software company BMC Software (Nasdaq: BMC) for approximately $6.9 billion, or $46.25 per share. GIC Special Investments and...
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Private equity deals
Bridgepoint has agreed to acquire The Flexitallic Group, a global provider of sealing products and solutions for the energy industry, from Eurazeo for €450 million. Eurazeo will retain a minority...
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Did private equity hurt Hertz?
Is Hertz better off today than it was seven years ago? FORTUNE -- Hertz's private equity sponsors sold their remaining shares earlier this week, fully existing the company more than 7 years after...
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Is Icahn (also) low-balling Dell?
Carl Icahn may be guilty of Michael Dell's alleged sins. FORTUNE -- Carl Icahn isn't losing to Michael Dell without a fight. Today the activist giant offered to buy the PC maker for $12 per share,...
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Dell to Icahn: Show us the money
Dell asks Carl Icahn for more details about his "superior proposal." FORTUNE -- Dell Inc.'s special committee this morning told Carl Icahn that it needs more information about his offer to buy the...
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Private equity firms 'concerned' by Bloomberg snoop
Private equity wants more details. FORTUNE -- Several private equity firms are "concerned" that Bloomberg journalists may have accessed sensitive firm information, following recent snooping...
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In memoriam: Aquiline Capital's Deb Bernstein
Deb Bernstein, a partner with both Aquiline Capital and Pequot Ventures, passes away. FORTUNE -- Private equity and venture capital investor Deborah Bernstein has passed away from cancer, at the age of...
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Private equity deals
Bain Capital has agreed to acquire FTE Automotive, a German maker of drive train and brake systems for passenger cars and commercial vehicles, from PAI Partners. No financial terms were disclosed....
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Did Thermo Fisher know about the drug cartel in its midst?
The private equity 'drug deal' that should have never happened. FORTUNE -- Private equity firm OpenGate Capital is suing lab equipment giant Thermo Fisher Scientific (TMO), claiming that it was duped...
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Private equity deals
DeLille Cellars, a Woodinville, Wash.-based winery, has raised an undisclosed amount of growth equity funding from Bacchus Capital Management. www.delillecellars.com High Road Capital Partners and...
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Exclusive: Thomas H. Lee Partners loses two senior investors
Chuck Brizius and Scott Jaeckel leave Boston buyout firm. FORTUNE -- Private equity firm Thomas H. Lee Partners has lost long-time managing directors Chuck Brizius and Scott Jaeckel, Fortune has...
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Private equity deals
Altasciences Group, a Canadian clinical contract research organization, has acquired Vince andAssociates Clinical Research, an Overland Park, Kansas-based provider of clinical trial recruitment...
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T. Rowe dumps some Dell
Dissident Dell shareholder loses a bit of its voice. FORTUNE -- T. Rowe Price still may want to vote against Michael Dell's proposed takeover of Dell Inc., but its opinion will no longer be heard quite...
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