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David Rapp
Private equity firm Crestview Partners, in an unusual intramural move, has reached a deal to acquire bank Comerica’s investment management firm Munder Capital for $302m.
Pet supplies retailer Petco announced that it has agreed to be acquired by private equity firms Texas Pacific Group and Leonard Green & Partners in a cash deal valued at $1.8bn.
Travel and real-estate company Cendant announced plans to sell its travel distribution services subsidiary Travelport—which includes its Orbitz and CheapTickets businesses—to The Blackstone Group for about $4.3bn in cash.