Private Equity Deal Disclosures Fall Short, DOJ Official Says

Private equity firms often fail to fully comply with federal notification rules that require them to alert antitrust regulators of any mergers and acquisitions above a certain amount, a DOJ official said.

The lack of compliance is particularly concerning because private equity firms conduct a high volume of deals, Ryan Danks, director of civil enforcement at the Justice Department’s antitrust division, said Thursday.

Under the Hart-Scott-Rodino Act, companies are required to report and and seek government approval for deals over $111 million in value. Some of their disclosure failures include not filing all the required documents or seeking loopholes ...