Puerto Rico-based financial services firm Doral Financial has said it needs a cash infusion of $700 million to $800 million and is in ‘active negotiations’ with an unnamed private equity firm.
Investment bank Challenger Capital Group has merged with Foxbridge Partners, a middle market private equity firm established last year.
Warburg Pincus is the largest shareholder in US telecom products company Avaya, which is reportedly in take-private talks with Silver Lake Partners.
According to the PEI 50, a new league table from Private Equity International magazine, as many of the largest 50 firms in the world are based in London as in New York.
Buyout firms Apax Partners and Duke Street Capital are reported to be making a troubled exit from Focus DIY as Apollo Management is called in for a distressed debt transaction.
London-based buyout firm Kelso Place Asset Management has bought UK sub-prime mortgage lender TML Financial Solutions, a subsidiary of Kensington Group, for an undisclosed sum.
CapMan has closed its fourth life science fund, as money continues to pour into the sector following a record breaking first quarter.
Demand for Equita Fonds 3, the Quandt group’s latest German mid-market fund, has almost doubled its firepower to €400m when co-investment commitments are included.
US buyout firm Apollo Management has secured UK property firm Countrywide with help from the hedge fund Polygon, after frantic eleventh hour negotiations which saw two consecutive revised bids from Apollo.
Kohlberg Kravis Roberts showed its mastery of the public-to-private transaction after it agreed the £11 billion Alliance Boots bid. Yet why is it that its deal succeeded in an arena where European private equity firms have experienced difficulties lately?