Abu Dhabi Capital Management Secondary Private Equity Fund is 40% invested. The firm will raise a second fund focused on secondaries ‘in a few months’ with a $100m target.
1 min read · 05 January 2013
Specific Media, backed by TPG Capital spinout Francisco Partners, has agreed to purchase social networking site MySpace alongside artist Justin Timberlake.
1 min read · 05 January 2013
The firm has sold aerospace product manufacturer Primus, which it acquired in 2006, to Precision Castparts.
1 min read · 05 January 2013
The firm has hired Mary Petrovich, previously the CEO of former Carlyle portfolio company AxleTech, as a senior advisor to the industrial and transportation group.
1 min read · 05 January 2013
Guardian Life Insurance will invest in emerging markets through a $100m separate account with 57 Stars, says Guardian’s head of private equity David Turner.
3 min read · 05 January 2013
UK-listed 3i Group, which established a debt division in February, plans to acquire a US debt manager in the next few months, according to CEO Michael Queen.
2 min read · 05 January 2013
The UK-based firm has agreed to sell a 40% stake in confectionery company Tangerine to The Blackstone Group for approximately £120m (€134m; $193m).
1 min read · 05 January 2013
The firm has closed its seventh fund on $7bn and has raised an additional $650m for Lexington Middle Market Investors II, a complementary vehicle to invest in ‘young’ private equity interests.
2 min read · 05 January 2013
Chicago-based buyout firm Water Street is to acquire medical products distributor MarketLab using capital from its $650m second fund, now more than 50% invested.
1 min read · 05 January 2013
Bryan Corbett, principal in global government and regulatory affairs at Carlyle, talks about how the firm has implemented environmental, social and governance practices in its investments.
1 min read · 05 January 2013
