Against a backdrop of sovereign debt fears, the private equity industry gathered in London on Thursday for the British Private Equity and Venture Capital Association’s annual summit at the Landmark Hotel.
2 min read · 06 January 2013
Private equity firm Ares Capital and the Canada Pension Plan Investment Board are to acquire discount retail chain 99 Cents Only in a deal valued at $1.6bn.
2 min read · 06 January 2013
Private equity group Augur Capital has raised €212m for its second European mid-market fund, short of its original target but almost double the size of its previous vehicle.
2 min read · 06 January 2013
Sameer Al Ansari (pictured), CEO of investment bank SHUAA Capital, has resigned. The event comes only a few months after it lost its head of private equity, Anis Bibi.
2 min read · 06 January 2013
Emerging markets private equity investor Actis has acquired South African vehicle tracking business for $434m, according to the firm. It is its first investment in the crime sector.
2 min read · 06 January 2013
A court ruling today which found global investment firm Lone Star guilty of stock price manipulation could pave the way for the US group to finally offload its stake in Korea Exchange Bank. The firm has been fined and its former head of the region, Paul Yoo, jailed for three years, according to media reports.
2 min read · 06 January 2013
Both fund managers and investors see the lack of quality investments as the biggest challenge to private equity over the next 12 to 18 months, according to the second part of a global survey by fund administrator SEI.
2 min read · 06 January 2013
Julian Carreras, who left Palamon Capital Partners in 2006, has re-joined after stints at Cinven and Thesan Capital, as the firm looks to bolster its Spanish coverage.
2 min read · 06 January 2013
LDC, the private equity division of Lloyds Banking Group, has continued its prolific deal spree having sealed its eleventh investment this year, and is on track to surpass last year’s total.
2 min read · 06 January 2013
Fewer business owners are willing to sell in volatile markets, says 3i chief executive Michael Queen, as deal-flow stagnation continues to frustrate the listed group.
2 min read · 06 January 2013
