The private equity-backed company, Mrs Fields Famous Brands, plans to file for Chapter 11 as declining consumer spending in the US takes its toll. The shopping mall-centred company's Mrs Fields and TCBY franchise stores have suffered closures since 2004.
2 min read · 22 January 2013
Carlyle, General Atlantic, Hellman & Friedman and Blackstone have been reported as potential buyers of Lehman Brothers divisions including its private equity arm, as the beleaguered investment bank looks to shore up its balance sheet.
2 min read · 22 January 2013
The Texas private equity real estate firm formerly known as N3 Capital Partners has renamed itself after a landmark bridge in Austin, where it is relocating its headquarters. The firm, which closed its debut fund on $250m last year, is targeting commercial and residential real estate as well as land assets.
2 min read · 22 January 2013
The San Francisco private equity firm has purchased a majority interest in the Italian restaurant chain from casual dining operator Brinker International. Brinker will retain a 19.9% stake in the chain, which it had been shopping for nearly a year.
1 min read · 22 January 2013
It may seem an odd time to be ramping up exposure to the fund administration industry, but to those involved in real estate it makes perfect sense.
2 min read · 22 January 2013
The Morristown, New Jersey-based private equity real estate firm has sold its East Towne Shopping Center in Madison, Wisconsin. The property was owned by the firm’s Hampshire Generational Fund, which targets high-net-worth investors.
1 min read · 22 January 2013
The Pennsylvania Public School Employees’ Retirement System has also approved €150m for Nordic Capital's latest buyout vehicle.
1 min read · 22 January 2013
The Bahrain-based investment bank has completed what it says is France’s largest LBO this year, in the form of a secondary deal for Compagnie Européenne de Prestations Logistiques. Sagard purchased the company in 2005 for an undisclosed sum, and has exited for an estimated €500m.
2 min read · 22 January 2013
Private equity now makes up 11 percent of the Canadian pension’s capital under management, which has grown to nearly $128bn. The CPPIB has narrowly bucked the loss-making trend among North American pension funds, recording a 1 percent total return on investments in the three months ended in June.
2 min read · 22 January 2013
The publicly traded Canadian buyout firm expects to hold a final close on its third mega-fund in early 2009. CEO Gerald Schwartz has said despite having done no deals in the second quarter, Onex sees attractive opportunities and is not discouraged by credit conditions.
2 min read · 22 January 2013
