Among the first private equity firms to register as bank holding companies, the San Francisco-based bank investor is busy raising a third fund to acquire small to middle market financial institutions. To date, it has invested in 18 banks, mostly in California.
2 min read · 05 January 2013
The addition of former Skanska Infrastructure Development chief Simon Hipperson comes as the firm continues to build its team ahead of a reported $5bn fundraising effort
2 min read · 05 January 2013
The early stage technology-focused venture capital firm has held an initial close on its fifth fund, targeted at upwards of $200m. It already has two initial deals with signed term sheets in the pipeline for the fund.
1 min read · 05 January 2013
The reduced takeover offer for Informa, publisher of Lloyd's List, by Providence Equity Partners, The Carlyle Group and The Blackstone Group has come after a shake-up in the original consortium that offered £2.15bn for the company in late June.
1 min read · 05 January 2013
As the US insurance giant struggles to raise capital, the fate of the firm’s substantial private equity business remains uncertain. AIG Investments has not been placed for sale as part of its parent’s capital raising measures.
4 min read · 05 January 2013
The appointments of Joseph Wan, a partner at BCG, and Richard Cheung, a partner at McKinsey, are aimed at strengthening the firm’s Hong Kong team before the office launches in early 2009. In the meanwhile, both will be based out of London.
1 min read · 05 January 2013
Private equity firms are holding on to their portfolio companies longer and expecting more bolt-on acquisitions, possibly employing some ‘wishful thinking’, according to a recent survey which also found a great divergence in valuations.
3 min read · 05 January 2013
The appointment of David Zweiner, the co-head of Carlyle's nascent global financial services group, as CFO of US bank Wachovia comes as the division is in the midst of a $1bn fundraising effort. Zweiner had been on the job for a little over a year.
2 min read · 05 January 2013
This is the second bank deal for the New York private equity firm, registered as a US bank holding company. It comes amid increased interest in the role that private equity firms can play with cash-strapped US banks.
3 min read · 05 January 2013
BaltcCap's acquisition of Estonian diagnostic company Quattromed highlights the region’s growing pipeline for private equity deals.
2 min read · 05 January 2013
