Jennifer Harris

Lehman Brothers is following the example of Golman Sachs, KKR and others in launching a fund that will pick up deal-related debt at a discount.

Sentinel Capital Partners, unhampered by the credit crunch, is continuing a fast-paced year. This week the firm acquired one auto parts supplier and sold another.

Rivenrock Capital has bought Small World Toys out of bankruptcy in yet another distressed play amid tightening credit markets.

Lone Star has finally completed its acquisition of Accredited Home Lenders. It paid $311 million for the mortgage company, a price significantly lower than its original bid.

VSS has agreed to pay $185 million for direct marketing company TRANZACT, generating for its owner, Halyard Capital, a return of 12 times its investment and an 85 percent IRR.

Silver Lake’s and ValueAct Partners’ $3 billion buyout of data company Acxiom is the latest in a series of deals to fall apart in the wake of the credit crunch.

Bessemer Venture Partners will go ‘carbon neutral’ by the end of the year, a step few private equity or venture capital firms appear poised to take.

A JC Flowers-led consortium has said it will likely drop its $25 billion bid for Sallie Mae, but is willing to renogotiate the deal, taking into consideration a changed economic and legislative environment.

Conditions in the leveraged loan market mirror those in the subprime market, the IMF said in its semiannual report. The result could be a rise in defaults, widespread volatility and the drying up of dealflow.

Cerberus Capital Management will acquire the North American operations of paper products producer Stora Enso for $2.52 billion, in one of the few mega buyouts to be signed since the advent of the credit crunch.