Kirkland & Ellis London restructuring partner Mark Knight has left the firm to join Pillarstone — an investment platform set up by US private equity giant KKR — as its first general counsel. (legalweek.com)
The retailer was saddled in debt, some $ 4.9 billion, left from a 2005 leveraged buyout for about $ 6.6 billion by private equity giants Kohlberg Kravis Roberts and Bain Capital, as well as real estate trust Vornado. (fortune.com)
Global private equity giant TPG, operated in Australia by Ben Gray and Simon Harle, is behind the second offer, sources said. (afr.com)