Ken MacFadyen

Former DLJ head Thompson Dean has notched his first deal for Avista Capital Partners, the DLJ spinout launched by Dean and other CSFB veterans earlier this year.

New York-based Angelo, Gordon & Co. has held an interim close of $252m for its third private equity fund. The firm is targeting $300m.

GSC Partners and Tishman Speyer have launched a Chinese real estate joint venture, marking GSC’s first move into real estate.

Thomas H. Lee is reportedly leaving the Boston-based LBO firm he founded with plans to raise a rival buyout fund.

Thomas H. Lee Partners has filed a lawsuit against the former Refco management. The complaint could help shift the public’s perception of the firm from Refco insider to a victim of the futures broker’s deceit.

Silver Lake Partners agreed to take Serena Software private for roughly $1.2 billion, in what has been a busy week for public-to-private transactions.

The CEO and president of Broder Bros. have both given their notices at the Bain Capital portfolio company. Bain’s Thomas Myers will fill in on an interim basis.

Welsh Carson Anderson & Stowe recapitalised Titan Worldwide, investing in a deal that will allow existing investor Catterton Partners to cash out of its five year investment.

After eight years and a bout with bankruptcy, Heritage Partners has sold Skilled Healthcare to Onex Corp., realizing a roughly 3x return on the investment.

Trumpeting what the firm describes as an overall 27% gross IRR, Kohlberg Kravis Roberts has wrapped up the fundraising for its second European vehicle, closing €1.5bn over target with the €4.5bn fundraise.