SAN FRANCISCO (Reuters) – California’s attorney general has sued two former top officials of the biggest U.S. public pension fund, charging them with taking part in fraudulent broker-dealer activities involving fund investments worth billions of dollars.. The complaint, filed in state court on Wednesday, claims Alfred Villalobos, a former board member of the California Public […]
LONDON (Reuters) – Bank of America Merrill Lynch (BAC.N) has poached Rob Firth from Deutsche Bank (DBKGn.DE) to head its European team advising private equity firms, as it bets on a pickup in global buyouts. Firth will become head of Merrill’s so-called financial sponsors group for Europe, Middle East and Africa (EMEA) in August, the […]
Austin Ventures has acquired creative agency Exopolis for an undisclosed amount.
Lee Equity Partners has completed its acquisition of pizza chain Papa Murphy’s International from Charlesbank Capital Partners. The deal reportedly is worth around $180 million, which represents a 10x EBITDA multiple. PRESS RELEASE Papa Murphy’s International announced the completion of its sale to New York-based Lee Equity Partners. Its previous owner was Charlesbank Capital Partners […]
Irving Place Capital Partners has agreed to sell its 55% stake in women's footwear maker Stuart Weitzman Holdings LLC to Jones Apparel Group Inc. (NYSE: JNY) for around $180 million in cash. Stuart Weitzman will retain the other 45% ownership position.
TORONTO (Reuters) – Finning International (FTT.TO: Quote, Profile, Research) the world’s largest Caterpillar (CAT.N: Quote, Profile, Research) equipment dealer, said on Wednesday it sold its British equipment rental business for 110.2 million pounds ($166 million) to an affiliate of Sun European Partners LLP. Finning said it would use proceeds from the sale of Hewden which […]
HONG KONG (Reuters) – Ping An Insurance (Group) Co of China (2318.HK)(601318.SS) said it had received approval from China Securities Regulatory Commission (CSRC) on its plan to issue H-shares in exchange for shares in Shenzhen Development Bank (000001.SZ). The Chinese insurer said CSRC had approved its plan to issue 299.09 million H-shares in exchange for […]
Spire Capital Partners has acquired Rainbow Early Education, a provider of early education services for children in the Eastern, Midwestern and Southern U.S. The deal was done in partnership with company management. No financial terms were disclosed.
Partners Group has closed its latest secondaries fund with €537 million in capital commitments. The Switzerland-based firm had been targeting €500 million.
MUMBAI (Reuters) – India’s Patni Computer Systems (PTNI.BO) is in talks to sell a majority stake for about $1 billion and the suitors include Japan’s NTT Data Corp (9613.T) and Fujitsu (6702.T), three sources with direct knowledge of the development said. The Japanese firms and the IT arm of India’s Larsen and Toubro (LART.BO), which […]