Private Equity
As it attempts to unload its LP interests, the insolvent holding company that once owned Washington Mutual Bank has already been hit with a default penalty by a venture capital fund for failing to meet a $700,000 capital call.
2 min read · 05 January 2013
Shares in the publicly listed firm continued to drop amid dismal third quarter reports, but one analyst sees a bright future ahead for Blackstone. Fortress Investment Group shares reached their 52-week low at $2.
2 min read · 05 January 2013
The San Francisco-based private equity firm acquired US Silica from Harbinger Capital Partners in a deal including more than $102m in debt.
1 min read · 05 January 2013
Singapore’s sovereign wealth fund cited current market conditions as the reason for delaying the sale of the power generating company PowerSeraya.
1 min read · 05 January 2013
The New York- and Los Angeles-based firm has acquired Connors Brothers Income Fund, which sells canned seafood products under brands like Bumble Bee, Clover Leaf and Brunswick. Connors Brothers is one of many Canadian income funds taken private since the Canadian government announced a tax increase starting in 2011.
2 min read · 05 January 2013
While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.
2 min read · 05 January 2013
The private equity firm, formed by several angel investors, purchased the Yahoo unit for an undisclosed amount. Yahoo bought Kelkoo, an online shopping engine, for $576m in 2004.
1 min read · 05 January 2013
The fund of funds and co-investment firm, which will focus on the US lower middle market and emerging markets like India and China, is targeting $300m for its debut fund.
2 min read · 05 January 2013
The publicly listed fund, which invests almost exclusively in its parent's fund of funds, has experienced drops in its net asset value for the past several months.
1 min read · 05 January 2013
The UK-based private equity fund is selling its stake in Boxer TV-Access AB to Teracom, a media company owned by the government of Sweden.
1 min read · 05 January 2013
