Amanda Janis
The world’s largest 300 pension funds grew by nearly 12 percent last year, with assets hitting $10 trillion for the first time, a study has found.
Private equity firm GI Partners purchased a controlling stake in California-based Duckhorn Wine Company, whose labels include Duckhorn, Paraduxx and Goldeneye, for a reported $250 million.
GI Partners purchased a controlling stake in St. Helena, California-based Duckhorn Wine Company, whose labels include Duckhorn, Paraduxx and Goldeneye. Wine industry sources estimate the price paid in the $250 million range.
The Senate Finance Committee’s second inquiry into carried interest featured witnesses who support and oppose the carried interest designation as capital gains, but they unanimously agreed that one industry should not be singled out over another for tax purposes.
US retailer The Container Store has agreed to be sold to Los Angeles-based Leonard Green & Partners.
US private equity firm TPG is exploring the possible sale of a minority stake in the firm to major state pension funds.
New York-based Crestview Partners, a Goldman Sachs spin-out, has agreed to acquire Symbion, a US operator of short stay surgical facilities, for $637 million.
The Blackstone Group has set a price range for its public offering, which has the potential to raise up to $4.8 billion, valuing the firm at approximately $40 billion.
Witnesses at a US House committee hearing agreed that the booming private equity industry is not at fault for America’s growing divide between the rich and poor. Opinions diverged, however, as to how best address this phenomenon.
The Euronext affiliate of KKR has committed to the largest ever proposed buyout both as a co-investor and limited partner, contributing $500 million to the deal.
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