Quadrangle Group Company

New York private equity group Quadrangle Group agreed to buy Dennis Publishing Inc., owner of magazines for young men including Maxim, Blender and Stuff. The deal also includes nightclubs, resorts and an event-marketing firm, Quadrangle said. Terms weren't disclosed.

Investment banker Steven Rattner came to Washington in February to help the Obama administration bail out General Motors Corp. and Chrysler -- and maybe even find a larger role in government for himself. But any larger ambitions are now clouded by a pay-for-play scandal that links the New York state pension fund, a low-budget movie called "Chooch" and Rattner's former private-equity firm. There are no allegations of wrongdoing by Rattner or his former company, Quadrangle Group.

Investment banker Steven Rattner came to Washington in February to help the Obama administration bail out General Motors Corp. and Chrysler -- and maybe even find a larger role in government for himself. But any larger ambitions are now clouded by a pay-for-play scandal that links the New York state pension fund, a low-budget movie called "Chooch" and Rattner's former private-equity firm. There are no allegations of wrongdoing by Rattner or his former company, Quadrangle Group.

New York private equity group Quadrangle Group agreed to buy Dennis Publishing Inc., owner of magazines for young men including Maxim, Blender and Stuff. The deal also includes nightclubs, resorts and an event-marketing firm, Quadrangle said. Terms weren't disclosed.