The largest mezzanine fund raised in Canada brings capital managed by the Toronto-based private equity arm of TD Bank Financial to about C$2.6bn.

Japanese broker Nikko Cordial has teamed up with US financial conglomerate Citigroup to launch a new $950m buyout fund targeting Japanese companies.

PAI Partners, the Paris-based private equity firm, has completed the sale of its 70 percent stake in Antargaz, the liquid petroleum gas (LPG) distributor, to American company UGI.

Vendex, the Dutch retailer, has received a €1.43 billion offer from a private equity consortium comprising Kohlberg Kravis Roberts, AlpInvest Partners and Change Capital Partners.

Amid signs that Internet-based companies are back in favour, Carlyle Group and Credit Lyonnais Private Equity have agreed to sell French online business travel service Egencia for an IRR of ‘over 30 percent’.

Enterprise Inns has completed the purchase of an 83.2 percent stake in Unique Pub Company held by a Cinven-led private equity consortium for ₤609m.

DLJ Merchant Banking’s James Quella jumps ship to Blackstone to monitor the performance of the private equity firm’s portfolio companies.

Chuck Pieper, former general partner at Clayton Dubilier & Rice Consulting, is joining CSFB’s newly formed Alternative Capital Division as managing director.

Woody Benson joins the Westwood, Massachusetts early stage venture capital firm after heading Lazard Technology Partners’ Boston office.

The San Francisco venture capital leader closes both an early-stage and a late-stage fund, surpassing an aggregate target of $400m.