Kleiner Perkins Caufield & Byers has made a co-investment of $10 million with GTI Group in GloriOil, a company formed by GTI in 2005 to commercialise a biotechnology that increases oil well efficiency.
2 min read · 04 January 2013
Praesidian’s second fund has closed on $236 million and will continue the firm's focus on mezzanine debt for the middle market.
1 min read · 04 January 2013
Connecticut Democrat and presidential candidate Christopher Dodd has said he wants to hold a hearing on the proposed Grassley-Baucus Bill, which would double the tax burden of publicly traded partnerships.
2 min read · 04 January 2013
After months of disputes surrounding TPG and KKR’s $45 billion buyout of TXU, shareholders have voted in favour of the deal.
2 min read · 04 January 2013
Credit Suisse, Bank of America and UBS have joined Citi, Lehman, Merrill and Morgan in sponsoring the OPUS-5 private exchange.
2 min read · 04 January 2013
Sentinel's sale of Metro Dentalcare to American Dental Partners has generated a 5x return and triple digit IRR. It is the second exit from the firm's third fund.
1 min read · 04 January 2013
Welsh, Carson, Anderson & Stowe will provide $100 million in capital to fund Florida healthcare provider Solantic’s expansion.
1 min read · 04 January 2013
More than two dozen of this year's 400 richest US citizens owe their fortunes to private equity.
1 min read · 04 January 2013
Subsequent to its acquisition of wealth management firm US Trust, Bank of America has chosen James Bowden, previously head of its fund-of-funds business, to lead its newly enhanced private equity division.
1 min read · 04 January 2013
The brokerage arm of the China International Trust and Investment Company has reportedly received approval to invest around 15 percent of its net assets in private equity.
1 min read · 04 January 2013
