Thomas H. Lee Partners LP has told investors it expects to seek $3 billion for its next private- equity fund, less than half the amount it raised for the prior pool that closed in 2007, according to two people briefed on the matter.
World Triathlon Corp. will stage its first half-Ironman distance race in New Jersey next September, two years after canceling the New York City Ironman after one edition because of logistical problems.
The U.S. joined a whistle-blower lawsuit against the firm whose background checks helped National Security Agency leaker Edward Snowden and Washington Navy Yard shooter Aaron Alexis get security clearances.
Providence Equity Partners Inc. has inquired about buying Ontario Teachers’ Pension Plan’s 80 percent stake in the parent company of the Toronto Maple Leafs hockey team, the Toronto Star reported, citing an unidentified person.
Alliant Techsystems Inc. set the rate on $1.86 billion of loans it’s seeking to support its purchase of Bushnell Group Holdings Inc., while Learfield Communications Inc. priced $300 million in bank debt backing its leveraged buyout by Providence Equity Partners Inc.
Providence Equity Partners Inc. is in the lead to buy Blackboard Inc ., a maker of online educational courseware, a person with knowledge of the situation said. The shares surged as much as 5.5 percent.
Providence Equity Partners Inc. is losing two managing directors, adding to at least three top departures last year, as the buyout firm struggles to raise a new fund less than half the size of its predecessor.