Art Janik

Toronto’s Teachers’ Private Capital and Los Angeles’ Ares Management have agreed to acquire a majority stake in National Bedding, the major manufacturer of Serta mattresses, the third largest mattress brand in the US.

The Denver-based middle market buyout firm finished fundraising for the oversubscribed vehicle in about half a year, continuing its buy-and-build strategy for new acquisitions.

American International Group’s AIG Highstar Capital has agreed to sell Southern Star Central, the largest natural gas pipeline in the central US, to GE’s Energy Financial Services and Caisse de depot et placement du Quebec.

Vivek Paul is joining the private equity firm from Wipro, India’s third-largest software exporter and a large outsourcing player.

The US Supreme Court handed down two decisions this week that may adversely affect venture-backed companies and development. By Art Janik

Massachusetts venture firm raised $250 million for technology and life sciences investments, as co-founder Duane Mason announces his retirement.

The Baltimore-based private equity firm has raised $300m for its fifth fund, including a $25 contribution from the Pennsylvania State Employees’ Retirement System.

The US healthcare investor has named Ashley Dombkowski, Steven St. Peter and Ilan Zipkin as general partners.

Venture capitalists coming off the telecom and networking highs of yore are seeing new growth opportunities for the semiconductor industry in rapidly expanding consumer technology segments, particularly in Asia.

The Houston-based private equity shop has closed its second fund on $470m, including a $20m commitment from the firm’s principals.