Private Equity Firm | featured news

Private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co are near a deal to buy snack cake brands including Hostess Twinkies and Donettes, two sources familiar with the matter said on Tuesday.

Shares of Dell rose more than 12 percent early Monday afternoon after Bloomberg News reported that the personal computer maker was in talks with at least two private equity firms about going private.

Marc Leder, the co-chief executive of private equity firm Sun Capital Partners Inc who hosted a fundraiser in May in which Republican presidential candidate Mitt Romney criticized supporters of U.S. President Barack Obama, said on Tuesday he had supported people from both political parties.

The official spoke on the condition of anonymity because of the sensitivity of the probe. It is examining whether the firms used a tax strategy to avoid paying hundreds of millions of dollars in taxes. The practice involved converting some fees collected for managing accounts into fund investments, resulting in a lower tax rate.

European private-equity firm Permira said it would buy Japanese sushi chain Akindo Sushiro for around $1 billion, making a bet that the popular restaurant brand can expand beyond Japan.

Mitt Romney is shedding some light on lessons learned while he headed the private-equity firm Bain Capital, a key part of his presidential campaign narrative. In an op-ed column published in today's Wall Street Journal, the presumptive GOP presidential nominee discusses how his 15 years at the firm he co-founded laid the foundation for his work at the 2002 Winter Olympics in Salt Lake City and then as governor of Massachusetts.

Private equity firm Hellman & Friedman LLC is pushing ahead with a $4 billion sale of Getty Images Inc, the largest supplier of stock photos, video and other digital content, to private equity, two people familiar with the matter said on Tuesday.

Carlyle Group LP is eyeing a market valuation of $7.5 billion to $8 billion in an initial public offering, as the U.S. private equity firm prepares to kick off a marketing blitz to investors, perhaps as soon as next week, said a source with knowledge of the situation.

AT&T Inc. on Monday said that it had agreed to sell a majority stake in its Yellow Pages business to the private-equity firm Cerberus Capital for $950 million.

For the last few years, a widely circulated joke about Jerry Yang was that he had the best tan in Silicon Valley from all the time he spent on Stanford University's golf course.