Sushil Cheema

Twenty-nine percent of the fund has already been invested in two portfolio companies, both bought in 2005.

A group consisting of Riverstone, First Reserve and Lehman Brothers Co-Investment Partners has made plans to buy infrastructure products maker Dresser for an undisclosed amount.

Teachers’ Private Capital and the Canada Pension Plan Investment Board plan to capitalise on a growing market with Actera Partners.

The two private equity firms have teamed up to take private Texas-based hospital operator Triad Hospitals.

The company’s private equity division has led a consortium in buying Compania Providencia Industria e Comercio for $432.6m, making it one of the largest Brazilian deals of late.

The New York private equity firm has added to its specialty packaging portfolio with the $172.5m purchase of Peacock Engineering Company.

The firm has agreed to purchase publicly traded wastewater specialist Synagro Technologies for $772m.

In a deal that stretches the term ‘private equity’ and furthers a trend toward large PIPEs, the Euronext-listed affiliate of KKR will invest $700m in an atrophied Sun Microsystems through two convertible senior notes.

Swift & Company has decided to look into ‘strategic alternatives’ one month after an immigration raid on six of its pork and beef processing facilities.

David Simon has become the Greenwich, Connecticut-based firm’s seventh managing director.