Guy Hands's private equity firm Terra Firma has spoken with at least a couple potential investors for a new fund, Reuters reported, citing news from the Sunday Telegraph. The new fund, Terra Firma Capital Partners IV, aims to raise up to 2.5 billion pounds ($4 billion). The fund will not be formally marketd until 2010, according to the Sunday Telegraph.
1 min read · 05 July 2011
AES Solar has set an end-of-July deadline for offers for the solar assets it plans to sell in Europe, Reuters reported. AES Solar is a joint venture between AES Corp. and private equity firm Riverstone Holdings. A sale of the assets – mainly in Italy and Spain – could fetch more than 600 million euros ($873 million), Reuters wrote.
2 min read · 05 July 2011
South Korea's Hana Financial Group and Lone Star are talking about lowering the $4.3 billion acquisition price for a majority stake in Korea Exchange Bank, Reuters said. So far, the deal for Korea Exchange Bank has been beset by regulatory hurdles. The two parties are in talks to extend the deal deadline.
1 min read · 05 July 2011
The Carlyle Group has exited its investment in Indian publishing services company Newgen Knowledge Works Pvt Ltd, Reuters reported. Terms of the deal were not released. Carlyle bought a majority stake in the company in 2004, and sold it to private equity funds Franklin Templeton Private Equity Strategy and Aureos South Asia Fund, and venture and growth capital fund ePlanet Capital, Reuters wrote.
1 min read · 05 July 2011
Private equity funds closed on $11.2 billion in the second quarter of 2011, according to the research firm Preqin, Reuters reported Monday. Total commitments were up on the $8.9 billion raised in the first quarter, and on the $7.1 billion raised in fourth-quarter 2010, Preqin said. Real estate funds focused on North America were some of the biggest winners: Lone Star Real Estate Fund II raised $5.5 billion at final close, the Och-Ziff Real Estate Fund II raised $840 million, and Pramerica Real Estate Capital I raised 492 million pounds ($786.5 million), Reuters wrote.
2 min read · 05 July 2011
Eastway, a Nordic entertainment equipment rental and event company backed by CapMan Buyout IX fund, is merging with Norwegian AVAB CAC and AVAB CAC Bergen. The combined company will create a larger entertainment equipment company operating throughout Finland and Norway. Terms of the deal were not released. CapMan will remain a shareholder in the new venture.
2 min read · 30 June 2011
Dunkin' Brands could set the terms and launch its initial public offering as soon as next week, Reuters wrote, citing a Bloomberg report. The company, owned by Bain Capital, Carlyle Group and Thomas H. Lee Partners, could begin meeting with investors after the July 4 weekend. The company filed in May for an IPO of up to $400 million.
1 min read · 30 June 2011
Axa Private Equity is buying a portfolio of funds worth $740 million from Barclays Private Equity, Reuters reported. The price of the deal was not released. This is the second such deal for Axa in recent weeks: the company bought up a similar portfolio from Citigroup worth about $1.7 billion.
1 min read · 30 June 2011
Standard Chartered Private Equity has taken a 49% interest in South Korea's largest forklift maker, Doosan Industrial Vehicle, Reuters reported Thursday. Terms of the deal were not released. Standard Chartered Private Equity said it planned to expand Doosan’s presence in emerging markets.
1 min read · 30 June 2011
3i Group's Southeast Asia head Mark Thornton is leaving the private equity firm after 16 years, Reuters reported. Going forward, Anil Ahuja will lead the firm's Singapore and Indian businesses, reporting to Bob Stefanowski, chairman of Asia and America. Thornton joined 3i Group in 1995.
1 min read · 30 June 2011
