Firm Management
NY State AG Defends Means of Obtaining Documents in Private Equity Firm Investigation
In the midst of an ongoing New York State investigation into the accounting practices of some of the country's largest private equity firms, two Republican Congressmen asked State Attorney General Eric Schneiderman's office to "cease its efforts" with regard to requests for tax information made directly to the entities involved, The Huffington Post reported last week.
China’s 7 Days Group Announces Go-Private Offer
China's 7 Days Group Holdings, owner of the country's second largest hotel chain, received a buyout offer to go private last week from a consortium that includes the Carlyle Group, Sequoia Capital China and the company's co-chairmen Boquan He and Nanyan Zheng.
Carlyle Group Acquires Stake in Vermillion Asset Management
The Carlyle Group continues to diversify; announcing yesterday that it would buy a majority stake in New York-based Vermillion Asset Management which will reportedly become its exclusive commodities trading platform.
Providence Equity sells management firm stake to investors -source
Media-focused buyout firm Providence Equity Partners Inc has sold an under 10 percent stake in the company managing its funds to two institutional investors.