Dunes Point Capital, the investment firm started last year by former Blackstone Group LP executive Timothy White, purchased the manufacturing businesses of Alco Industries Inc. for an undisclosed amount, according to two people familiar with the situation.
Royal Bank of Scotland Group Plc agreed to sell its minority stake in a private-equity unit to an investor group led by buyout firm Adams Street Partners LLC, according to two people with knowledge of the matter.
Coller Capital Ltd., the British buyer of private-equity assets started by Jeremy Coller, is in talks to acquire Credit Suisse Group AG’s stake in DLJ Merchant Banking Partners, three people with knowledge of the talks said.
Diamond Castle Holdings LLC, the private-equity firm started by a group of executives from Credit Suisse Group AG, is seeking ways to let clients opt out of its last fund raised in 2006, three people with knowledge of the matter said.
Charles Schwab Corp. sued units of Bank of America Corp. ’s Merrill Lynch & Co., UBS AG and Bear Stearns Cos. over claims they lied or omitted information about mortgage-backed securities Schwab bought from them.
Newspaper publisher Tribune Co. filed a Chapter 11 plan yesterday to implement the settlement with some creditors that was announced on April 8. The plan and settlement won’t be approved if the holders of $3.6 billion in pre-bankruptcy secured debt made valid arguments in their bankruptcy court filing yesterday.