Amanda Janis
Oak Hill Capital has placed a $1.4 billion order for six Boeing 777 freight planes, which the Robert Bass-led firm will then lease. The planes will add to the firm’s existing portfolio of 25 passenger aircraft.
Venrock, the venture capital firm originally established by the Rockefeller family, has closed a new fund on $600 million and hired David Siminoff as a general partner.
Investment bank Goldman Sachs has raised $20 billion for its sixth buyout fund, the first firm ever to reach this mark - although rival private equity groups are reportedly closing in on even larger totals.
Fortress Investment will pay $2.4bn to acquire Interpool, a provider of global shipping equipment and services.
US mobile phone service provider MetroPCS has raised $1.15 billion in its initial public offering – the largest amount raised so far by a US IPO this year and an exit for which some of its investors waited more than a decade.
Ted Schlein, Kleiner Perkins Caufield & Byers partner, has been elected chairman of the board of directors for the National Venture Capital Association.
San Francisco-headquartered Hellman & Friedman has closed its sixth fund on $8.4 billion, days after announcing massive profits from the sale of DoubleClick.
Canada’s largest communications company, BCE, has announced it is in buyout discussions about a potential $28 billion privatisation.
San Francisco-based buyout shop Hellman & Friedman has sold digital marketing firm DoubleClick to internet behemoth Google for $3.1 billion – two years after having taken the firm private for $1.1 billion.
As Texas legislators consider giving the state’s Public Utility Commission power to block the proposed $45 billion buyout of TXU, KKR and TPG have promised to terminate an existing labour subcontracting agreement at the utility company, which has in turn put the electrical workers union in their corner.