Charles River Ventures spent the back end of 2011 fundraising and the bi-coastal firm is expected to soon close a fifteenth fund with about $300 million, more or less matching its prior funds, sources tell peHUB. Notably, one prominent member of the firm’s Sand Hill Road team won’t be part of the new fund, either. Multiple […]
The largest leveraged buyout in history may have just gotten larger. Vornado Realty Trust just announced that it has offered $52 per share for commercial real estate giant Equity Office Properties Trust, with Starwood Capital and Walton Street Capital also participating. This tops an existing $48 per share bid from The Blackstone Group, and would […]
CHICAGO, March 22 (Reuters) – Leonard Green & Partners is evaluating whether to buy BJ’s Wholesale Club Inc and has entered into a confidentiality agreement with the retailer, pushing its shares up 2.6 percent in early Tuesday trading. In February, BJ’s Wholesale said that its board had decided to explore a sale and other alternatives, […]
Private equity firm Leonard Green & Partners, which is considering a takeover of BJ's Wholesale Club Inc., has entered into a confidentiality agreement with the retailer, Reuters reported. BJ’s Wholesale announced in February that it was exploring the possibility of a sale. BJ's is the third-largest U.S. wholesale club retailer behind Costco Wholesale Corp. and Sam's Club, which is a unit of Wal-Mart Stores Inc., Reuters reported.
Shares in Citadel Capital, the Egyptian private equity firm, rose in early trading the day after the firm suggested that it could launch an IPO for one or two of its portfolio companies. The IPOs would be in the region of $175 million to $250 million and could happen in the next year to two years. Citadel, founded in 2004, controls investments worth $8.3 billion.