The firm will acquire clothing retailer rue21 using capital from its Fund VIII, which is targeting close to €6bn. Apax previously owned a majority stake in rue21, which filed for a $125m IPO in 2009.
2 min read · 20 September 2013
The firm continues to pursue opportunities in Europe related to bank sales and distressed businesses but is also targeting ‘domestic consumption’ in Asia and ‘across the world’, KKR said during an investor conference.
3 min read · 20 September 2013
The firm’s co-founders will reduce their stakes in the business from 14.4% each to as little as 13.4% each as part of a secondary offering.
2 min read · 20 September 2013
The $13bn retirement system has committed $160m to private equity in 2013 and is growing its allocation from 2.5% to 8%.
1 min read · 20 September 2013
The healthcare-focused firm is targeting slightly more than its $400m Fund II to invest in businesses in the US and Western Europe.
2 min read · 20 September 2013
The lower-mid market firm has generated a 40% IRR on its equity investment in Information Storage Consolidation Company as it seeks $75m for its Graycliff Mezzanine II fund.
2 min read · 20 September 2013
Private equity fundraising and transaction values remained steady year-over-year in Canada, though the number of deals fell sharply during the first quarter of 2013.
2 min read · 20 September 2013
The firm is diversifying by acquiring Swiss fund of funds APEN alongside Fortress Investment Group and Newbury Partners. APEN is shifting its focus from fund investments to co-investments and secondaries in emerging markets.
2 min read · 20 September 2013
AlpInvest Secondaries Fund V has attracted $500m from new investors, raising $150m during the first quarter of 2013.
2 min read · 20 September 2013
The firm has invested both debt and equity in CSC ServiceWorks, a combination of laundry services company Coinmach Services and tire inflation business AIR-serv.
1 min read · 20 September 2013
