Regulation

Chicago-based Harrison Street and New York-based Kaplan Development Group have joined forces to develop, redevelop and acquire senior housing properties throughout the Northeast and Southeast US.

The Ontario Teachers’ Pension Plan continues its focus on inflation-sensitive infrastructure assets, with its plans to buy Chilean public water and wastewater company Esval, its third such investment.

The Australian buyout firm has urged shareholders of travel agency Flight Centre to hold the independent board to account, after it withdrew its support for the firm’s bid to take a 30 percent stake in a leveraged joint venture.

Three Delta continues to seek access to the books of UK supermarket Sainsbury’s, as difficulties in the credit markets look certain to affect the price of the £6 billion of debt needed for the offer.

US buyout firm Summit Partners has bought Danish company Welltec Holdings from the Riverside Company. Riverside achieved a 183 percent IRR and a multiple of 9 times its investment over two years.

Six venture firms have sold their stakes in Postini to Google, the search engine company’s third biggest acquisition in its history.

US firm JMI has doubled the size of its previous fund – and its capital under management – with the closing of its sixth fund on $600 million.

GlobeOp Financial Services, a hedge fund administration business backed by US private equity group TA Associates, has been forced to cancel flotation plans after being hit by a $500 million lawsuit from a disaffected former hedge fund client.

Recently-listed private equity stocks are under-performing on both sides of the Atlantic, casting doubt on the future ability of buyout firms to tap the public markets for additional capital.

A Delaware court has ordered the Beverly Hills private equity firm to pay $20.5 million for terminating its agreement to acquire Rohn Industries.