ERP-EIF Dachfonds, a new €500 million fund of funds, has been established in Germany to invest in German high-tech venture capital funds.

German private equity firm Deutsche Beteiligungs (DBAG) has announced its intention to acquire a majority stake in axle manufacturer Otto Sauer Achsenfabrik Keilberg (SAF).

After 21 months on the fundraising trail, Terra Firma has closed its debut fund on €2bn and is now preparing to invest it in up to ten deals over the next three years.

The return of strategic buyers in the US is giving a long-awaited boost to exit opportunities for private equity firms. Conditions for exiting appear particularly compelling for smaller portfolio companies.William Kan, CFA and Georgiana Fung, strategists with Merrill Lynch Small Cap Research, dissect the changes that newly acquisitive corporations have brought to the US private equity landscape

In March, Blackstone's €3.1bn landmark public-to-private of German chemicals group Celanese almost hit a wall when hedge funds refused to tender their shares. PEI's Deal Mechanic explains why

The New York middle-market turnaround specialist raises more than double its previous fund and surpasses its initial target of $350 million.

UK mid-market investor Gresham, which is currently raising a £200m private equity fund, is sponsoring the £18m buyout of Individual Restaurant Company.

Alpinvest Partners has announced its intention to acquire Delft Instruments, a Dutch developer of high technology products and services, in a public-to-private buyout worth around €152m.

Kingpin Holdings, the Chicago firm’s portfolio company, completes the acquisition of publicly traded AMF Bowling Worldwide and takes it private.

The Boston-based private equity firm has acquired Switzerland-based Dufry Group, which operates duty-free shops around the world.