Brad Meikle
Constitution Capital Partners has wrapped up its third fund-of-funds and co-investment vehicle at $823 million after two years, and it is already thinking about hitting the fundraising trail again later this year.
Bondholders of gunmaker Colt ripped into the bankrupt company’s private equity owner in a court hearing on Tuesday, saying the firm sped up its decline by starving it of cash and investment, Reuters reported.
TPG Capital LP said on Wednesday its former head of public affairs, who had accused it of violating securities regulations and defrauding investors out of millions of dollars, had agreed to drop his lawsuit against the buyout firm, Reuters reported.
Despite volatility in energy markets, Canadian energy-focused private equity firm ARC Financial Corp beat the cap on its eighth energy fund, collecting $1.5 billion.
Blackstone Group LP and Carlyle Group LP are making a joint bid for NCR Corp in a leveraged buyout that would be the year’s biggest at more than $10 billion, including debt, people familiar with the matter said on Tuesday, Reuters reported.
British private equity firm Cabot Square Capital, which invests in the financial services industry, said it has raised 275 million pounds ($430 million) for its latest fund and could raise a further 75 million pounds for it, Reuters reported.
Two activist investors on Monday urged DHI Group Inc, which offers specialized career websites, to sell itself and said they had already spoken with potential buyers, Reuters reported.
AlpInvest Partners, backed by Carlyle Group, has brought back into the fold an executive who left for a few years to work on secondaries with the Canada Pension Plan Investment Board.
Qatar Investment Authority, one of the world’s most aggressive sovereign wealth funds, will set asset allocation targets for the first time and restructure internal decision-making, sources say, in response to a drop in oil prices that has crimped available funds as competition for assets grows, Reuters reported.
Famed U.S. gun maker Colt Defense LLC said it filed for Chapter 11 bankruptcy protection and its current sponsor, Sciens Capital Management LLC, agreed to act as a “stalking horse” bidder, Reuters reported.