Candover has made a successful exit from its investment in Thule Group, a Swedish company that makes car accessories for equipment transport. The firm has generated an IRR of more than 40 percent from the sale to Nordic Capital, following a two and a half year buy-and-build programme.
2 min read · 04 January 2013
Three private equity firms will raise up to $1 billion by cashing in their shares in US car rental company Hertz, while retaining a majority stake. It is the third time they have taken money out of the business.
2 min read · 04 January 2013
UK buyout firm Charterhouse Capital Partners has agreed a secondary buyout of TSL Education, the educational publishing business that was Exponent Private Equity’s first acquisition as an independent entity.
2 min read · 04 January 2013
3i’s annual results revealed another strong year, with record realisations and investment up 42 percent. The group will return £800 million to shareholders.
3 min read · 04 January 2013
CORECAP, a Qatar-based alternative asset manager and advisor, has launched its debut private equity fund. The $150 million Shariah-compliant fund will look to take advantage of the growing popularity of Islamic private equity.
2 min read · 04 January 2013
Eurazeo more than doubled first quarter revenues to €520.5 million this year, after a number of bolt-on acquisitions.
1 min read · 04 January 2013
Greek investment group Marfin wants to raise over €5 billion via a rights issue for investments in South East Europe – and then put the entire sum to work within just 12 months.
3 min read · 04 January 2013
An Apax-led consortium has completed the £700 million sale and leaseback of 21 hospitals owned by Capio, the Swedish healthcare provider it bought last year, in the latest example of private equity groups cashing in on property assets.
1 min read · 04 January 2013
Alliance Boots deputy chairman Stefano Pessina is set to land a windfall of more than £600 million if his take-private bid for the group is accepted – roughly the same amount that may be required to plug the company’s current pension deficit.
2 min read · 04 January 2013
Taiwanese chip-testing company ASE, which yesterday forced The Carlyle Group to abandon a $6 billion buyout offer, is reportedly attracting the attention of four new suitors.
1 min read · 04 January 2013
