Bessemer Venture Partners has promoted Devesh Garg to managing director for its growing India team, four months after allocating $350 million for investments in the region.
1 min read · 04 January 2013
Tom Gores’ Platinum Equity will add to its already substantial telecom portfolio with the acquisition of Covad Communications.
1 min read · 04 January 2013
Hellman & Friedman’s $2.65 billion pending purchase of air conditioning maker Goodman Global is the firm’s third investment since closing its $8.4 billion buyout fund in May.
1 min read · 04 January 2013
Mellon Ventures’ successor firm Navigation Capital, along with limited partner Goldman Sachs, is looking to capitalise on an untapped niche in the specialty finance industry.
2 min read · 04 January 2013
US student lender Sallie Mae will accept a $30 billion refinancing in lieu of a JC Flowers-led buyout. Meanwhile, Blackstone has told Alliance Data it does not think the company can meet closing conditions for a $6.43 billion acquisition.
2 min read · 04 January 2013
Private equity outshined all other asset classes for the Illinois teachers pension, returning 31.3 percent for the year ended 30 June.
1 min read · 04 January 2013
Lehman Brothers is following the example of Golman Sachs, KKR and others in launching a fund that will pick up deal-related debt at a discount.
2 min read · 04 January 2013
The Global Emerging Markets Group has agreed to acquire a 49 percent stake in a coking coal reserve in Inner Mongolia. The deal is GEM’s second direct private equity investment in the country.
2 min read · 04 January 2013
First Reserve has committed $300 million to a joint venture with former OMI chief executive Craig Stevenson, formed to pursue energy-related shipping investments.
1 min read · 04 January 2013
Morgan Stanley will buy US supermarket chain Tops for $310 million. The deal is the US investment bank’s second since re-launching its private equity division last year.
2 min read · 04 January 2013
