PEI Staff
The San Francisco investment firm has agreed to sell Seminis, a producer of fruit and vegetable seeds, for $1.4bn, more than double what it paid for the business eighteen months ago.
The €360 million buyout of Cesare Fiorucci from the Fiorucci family is the firm's fifth investment in Europe.
The financial services company is reportedly considering the sale or closure of its $3bn private equity arm, MMC Capital.
Although the initial public offering of the Blackstone portfolio company priced below initial expectations, the total proceeds of $800m will still provide a substantial dividend for the private equity firm.
Former Rothschild’s banker Stephan Kruemmer has been appointed managing director of 3i’s German operation.
The New York private equity firm has agreed to sell restaurant chain Charlie Brown’s to Trimaran Capital Partners for $140 million, generating a return of 4x its initial investment.
The two private equity firms have agreed to acquire the telecommunications company for approximately $750m, a purchase price of roughly 6.25x EBITDA.
Ripplewood Holdings and other investors have announced their intention to sell a further 34 percent stake in Shinsei, the Japanese bank that delivered them an initial fortune early last year.
The French private equity firm has held a final close of its third fund of funds, AGF Private Equity Holding.
2004 saw the first increase in IPOs after three years of decline, according to a report published by VentureOne.