Amanda Janis
Media-focused Quadrangle has agreed to purchase Dennis Publishing’s US arm, which includes the young men’s’ magazines Maxim, Stuff and Blender. The price tag is an estimated $250 million.
US mid-market firm Sterling Capital has nearly doubled the size of its previous fund with a ‘quick, easy’ capital raise.
Lehman Brothers has more than doubled its fund of funds programme with the close of a $1.5 billion vehicle. It is Lehman’s second fund of funds raised since 2003, when the firm acquired Dallas-based fund of funds manager The Crossroads Group.
Avista Capital – the firm founded by former DLJ head Thompson Dean along with other senior executives from CSFB’s private equity arm – has closed its first fund on $2 billion.
Blackstone’s public float will net Steve Schwarzman and Pete Peterson more than $2.3 billion. Last year, according to a regulatory filing, the pair took home more than $600 million.
KKR and TPG have reportedly offered to pay $30 million toward air quality improvement programmes in central Texas, in the group’s latest move to quell criticism of the $45 billion proposed buyout of Dallas, Texas-based utility company TXU.
The Houston, Texas-based company has closed its eleventh private equity fund on $1 billion.
PCG International has closed its first investment vehicle, a $400 million fund of funds backed solely by CalPERS.
San Francissco-based middle-market firm Genstar has closed its fifth fund on $1.55 billion – more than triple the amount it raised in 2004.
The US’ largest pension fund has committed $500 million to Health Evolution Partners, a new private equity firm it created in part to lower the cost of enrollee health benefits. An additional $200 million has been allocated for similarly health-oriented fund of funds.