Charles and David Koch, the billionaire brothers who run Wichita, Kansas-based Koch Industries Inc., added $1.3 billion to their collective fortune yesterday on reports that U.S. industrial production gained more than forecast. The surge elevated their net worth to more than $100 billion, according to the Bloomberg Billionaires Index.
The prospective bankruptcy filing of Energy Future Holdings Corp., taken private in the biggest leveraged buyout in history, is poised to put the most profitable unit of the power producer up for grabs.
RedBird Capital Partners LLC, co- founded by a former leader of the private-equity business at Goldman Sachs Group Inc., is seeking $400 million for a debut fund to help back entrepreneurs and business owners.
LIN Media LLC directors structured Media General Inc.’s $1.6 billion buyout of the local TV-station operator in a way that unfairly benefits private-equity firm HM Capital Partners LLC over other shareholders, a pension fund claimed in a lawsuit.
Endurance Specialty Holdings Ltd., the Bermuda-based provider of property and casualty insurance, announced a $3.2 billion offer to buy Aspen Insurance Holdings Ltd. after the target company turned down its proposal.
Hong Kong Exchanges & Clearing Ltd. surged the most in five years after a deal to link Shanghai and Hong Kong markets that gives Chinese investors unprecedented access to Macau casino stocks and Tencent Holdings Ltd.
Koch Industries Inc. and Goldman Sachs Group Inc.’s private-equity unit agreed to buy Flint Group from CVC Capital Partners Ltd. to add chemicals and additives used in the printing and packaging industries.