A consortium comprising Teachers Private Capital, the private investment arm of the Ontario Teachers Pension Plan, Providence Equity Partners and Madison Dearborn Partners have reached agr

Global private equity firm the Blackstone Group has agreed to buy Hilton Hotels Corporation in an all-cash transaction for USD47.50 a share, a premium of 40 per cent over the closing price

Yorkville Advisors, the investment manager to Cornell Capital Partners, a private investment firm that specialises in structured finance and direct investments, has opened an Israeli opera

General Motors has agreed to sell its Allison Transmission commercial and military business, including seven manufacturing facilities in Indianapolis and its worldwide distribution network

Proctor Investment Managers, a private equity investor that specialises in providing capital, marketing and management solutions to investment management firms, has established a strategic

Dexia Bank Belgium and GIMV, a Flemish public sector investment bank turned listed private equity firm, have announced plans to launch a new non-listed fund that will focus on infrastructu

Guitar Center, the leading US retailer of musical instruments and amplification and recording equipment based in Westlake Village, California, has agreed to be acquired by private equity f

Asset management giant BlackRock has agreed to buy the fund of funds business of Quellos for up to USD1.7bn.

AIG Global Investment Group has appointed Stewart Homler as managing director for alternative investments in Japan, in which capacity he will oversee a wide range of alternative investment

The board of Princess Private Equity has mandated Partners Group, the investment manager of the Guernsey firm, to undertake a review to evaluate the benefit to shareholders of an additiona