A whistleblower has accused private equity firms of violating securities laws. What does it mean?
FORTUNE -- For decades, private equity funds have collected "transaction fees" from their portfolio companies, often related to mergers or initial public offerings. Sometimes they share with their investors, sometimes they don't. Sometimes the fees are for tens of thousands of dollars, sometimes for tens of millions. Either way, the practice gooses positive returns and lowers the MOREDan Primack - Dec 2, 2013 12:14 PM ET
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Xagenic Inc., a Toronto-based developer of a lab-free molecular diagnostic platform, has raised C$20 million in Series B funding. Domain Associates led the round, and was joined by return backers CTI Life Sciences Fund and the Ontario Emerging Technologies Fund. www.xagenic.com
MetaPack, a UK-based provider of delivery management solutions for retailers, has raised £20 million in growth equity funding MOREDan Primack - Dec 2, 2013 11:10 AM ET
Private equity firm targets $600 million, but likely will raise much more.
FORTUNE -- Private equity firm Altamont Capital Partners is beginning to raise its second fund, Fortune has learned. Its target is $600 million, but expectations are that it will either meet or exceed its $750 million soft cap.
Palo Alto-based Altamont was formed in mid-2010 by three former partners of Golden Gate Capital, including co-founder Jesse Rogers. It focuses on middle-market companies MOREDan Primack - Nov 26, 2013 10:48 AM ET
Bain Capital is offering investors two fee structures for its new European private equity fund.
FORTUNE -- Bain Capital recently began raising around €3.5 billion for its fourth European private equity fund, and Fortune has learned that the firm once again is giving investors a choice of fee structures. Either:(a) 1.75% management fee, 20% carried interest and a 7% preferred return; or (b) 0.75% management fee, 30% carried interest and no preferred return.
When MOREDan Primack - Nov 25, 2013 11:28 AM ET
Dave Calhoun is stepping down as CEO of Nielsen after a nine-year run. Next stop: The Blackstone Group.
FORTUNE -- Dave Calhoun announced earlier this month that he would be stepping down this year as CEO of Nielsen Holdings (NLSN), nearly eight years after joining from General Electric (GE). Now we know his next stop: The Blackstone Group, one of six private equity firms that purchased Nielsen in 2006 (it returned MOREDan Primack - Nov 21, 2013 10:59 AM ET
Forbes Media may sell for $400 million. But its largest outside shareholder thinks it's worth much less.
FORTUNE -- Private equity firm Elevation Partners is on the verge of salvaging its 2006 investment in Forbes Media, via a sale process that reportedly could garner bids of $400 million. But, privately, Elevation doesn't believe the company is worth anywhere near that bounty.
Fortune has learned that Elevation is currently carrying its minority stake MOREDan Primack - Nov 18, 2013 3:56 PM ET
Tim Geithner takes a private sector job. Cue the baseless 'revolving door' accusations.
FORTUNE -- Private equity firm Warburg Pincus recently made what seemed to be an innocuous change on its website – reclassifying co-presidents Joe Landy and Charles Kaye as co-CEOs. But it seems this was a precursor to this past weekend's big news: The hiring of former U.S. Treasury Secretary Tim Geithner as president and managing director, effective next MOREDan Primack - Nov 18, 2013 11:22 AM ET
The Forbes media empire is on the block, but most of the proceeds would go to a minority shareholder.
FORTUNE -- Financial media giant Forbes is on the block for a reported $400 million, with Deutsche Bank (DB) beating the bushes for a buyer. If there is a sale, however, relatively few of the proceeds would go into the Forbes family's pockets.
Back in 2006, a private equity firm called Elevation MOREDan Primack - Nov 16, 2013 3:57 PM ET
Greg Case and Paul Winn leave LLR Partners to form new private equity firm.
FORTUNE -- Some big changes over at LLR Partners, the Philadelphia-based private equity firm that is putting the finishing touches on its fourth fund ($1 billion target for year-end final close).
Word came yesterday that partner Greg Case is leaving to launch his own shop with LLR operating partner Paul Winn. The new effort is called CaseWinn LLC, and will focus MOREDan Primack - Nov 15, 2013 11:27 AM ET
Advent International has agreed to acquire a minority stake in Colombia's Ocensa oil pipeline for $1.1 billion from Talisman Energy (TSX: TLM) and Total SA (Paris: FP) and Spain's Cepsa, according to the WSJ. www.adventinternational.com
Bunker Hill Capital has acquired Hubbardton Forge, a Castleton, Vt.-based maker of hand-forged residential and commercial lighting products, from Lineage Capital. No financial terms were disclosed, except that Abacus Finance Group arranged $25 million ins enior secured credit facilities.www.hubbardtonforge.com
Leichtman Capital Partners has acquired Genova Diagnostics Inc., an Asheville, N.C.-based clinical MOREDan Primack - Nov 14, 2013 10:26 AM ET
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