Brad Meikle

Private equity firm Berkshire Partners LLC is close to an agreement to acquire footwear accessories maker Implus Corp in a deal that values it at more than $600 million, including debt, three people familiar with the matter told Reuters.

No. 1 U.S. food distributor Sysco Corp has filed a memorandum opposing government efforts to block its proposed purchase of rival U.S. Foods Inc on Tuesday, Reuters reported, citing court records.

KKR & Co LP has secured $1.7 billion for its second special situations fund, which is seeking to raise as much as $3 billion in all to invest in distressed assets, people familiar with the process told Reuters.

Low or negative yields and surging equity markets are making insurers gloomy about the outlook for their investments, according to a Goldman Sachs Asset Management survey of nearly 300 senior insurance executives across the globe, Reuters reported.

Private equity firm Lightyear Capital LLC said on Tuesday it bought a majority stake in the independent U.S. Midwestern firm Wealth Enhancement Group as Lightyear seeks another windfall good investment in the wealth management market, Reuters reported.

TPG Capital LP has named Todd Sisitsky its new North American private equity head, people familiar with the matter told Reuters on Friday, as the firm seeks to secure money from investors for its next flagship private equity fund with a target of $10 billion.

General Electric Co’s plans to sell most of its finance unit, GE Capital, will create opportunities for new lenders in U.S. middle-market leveraged loans as a dominant player in commercial lending and sponsor finance leaves the field, Reuters reported.

ThyssenKrupp agreed to sell its loss-making alloys business VDM to private equity firm Lindsay Goldberg Vogel, taking a 100 million euro ($108.13 million) write-down on the asset as a result, Reuters reported.

Steel trading firm Stemcor, one of the UK’s largest private companies, could be taken over by U.S. distressed investment fund Apollo, as part of a $2 billion debt restructuring, according to banking and industry sources who spoke to Reuters.

Shares of Party City Holdco Inc , backed by buyout firm Thomas H. Lee Partners LP, jumped as much as 22.6 percent in their debut on Thursday as initial public offerings of private-equity backed companies as continued to draw investors, Reuters reported.