The majority of Standard Life’s US private equity fund of funds team has left ‘without giving notice or warning of their intentions’. The UK insurer is currently in negotiations with its lawyers on the matter.
1 min read · 04 January 2013
HarbourVest Partners’ latest fund of funds has a Europe-focussed main fund and an Asia Pacific-focussed sidecar fund.
2 min read · 04 January 2013
In the third auto parts buyout in two weeks, Norwest Equity Partners has sold Imperial Supplies to American Capital Strategies for $112 million in equity and debt.
1 min read · 04 January 2013
Joseph Rice, Clayton Dubilier & Rice chairman, reportedly said the study presented in Davos today proves private equity is neither a demon nor a saviour.
3 min read · 04 January 2013
Former H&Q Asia Pacific managing director Andrew Kuo has joined The Blackstone Group’s growing Hong Kong staff as a managing director for greater China.
1 min read · 04 January 2013
Advent International is following regional rival GP Investimentos into the Brazilian restaurant sector with its agreement to buy Viena for an undisclosed amount.
1 min read · 04 January 2013
Frontier Capital has brought in institutional investors for its second fund, which at $115 million is more than twice the size of the firm’s first vehicle.
1 min read · 04 January 2013
JC Flowers reportedly sent a letter to its limited partners today telling them they may have to pay $192 million in breakup fees to Sallie Mae.
2 min read · 04 January 2013
Silver Lake’s and ValueAct Partners’ $3 billion buyout of data company Acxiom is the latest in a series of deals to fall apart in the wake of the credit crunch.
1 min read · 04 January 2013
San Francisco firm Swander Pace has furthered the industry trend of backing high-end fashion companies with its investment in trendy New York handbag designer Kooba.
1 min read · 04 January 2013
