Hugo Boss said on Friday private equity firm Permira has now committed itself to holding on to its remaining shares in the German fashion house for nine months, compared with six months previously, Reuters reported. The news comes after Hugo Boss said earlier on Friday that Permira was selling a further 10 percent stake in Hugo Boss, reducing its holding to about 56 percent and cashing in on an investment whose share price has doubled since it first invested in 2007.
1 min read · 03 May 2013
Ares Management LLC, an investment firm with some $59 billion in credit and private equity assets, is speaking to investment banks about an initial public offering (IPO) in the United States, a source tells Reuters.
2 min read · 03 May 2013
(Reuters) - The Carlyle Group has hired a six person energy investment team, the private equity firm said on Thursday. It also plans to raise a fund of around $1.5 billion and has already had some commitments from investors, a source told Reuters.
2 min read · 03 May 2013
Germany's Kion Group the world's No.2 fork lift truck maker, said it may seek to float shares on the stock exchange this year, Reuters reported. Kion, split off from gases group Linde in 2006, is currently owned by the private equity arm of Goldman Sachs, buyout firm KKR and Chinese firm Shandong Heavy Industry Group.
1 min read · 02 May 2013
Tata Capital, part of steel-to-software conglomerate Tata Group, has raised $600 million for a private equity fund to invest in India, in what could be one of the largest debuts by a private equity fund targeting India, Reuters reported. Institutional investors from North America, Asia and the Middle East have invested in the fund, the company said.
1 min read · 02 May 2013
Ireland's Nama is to sell Irish loan portfolio with par value of 800 million euros ($1.05 billion) to a consortium led by Starwood Capital Group, writes Reuters. The consortium, which also includes Key Capital Real Estate and Catalyst Capital, will buy 80 pct of the joint venture with NAMA.
1 min read · 02 May 2013
Fang Fenglei, a former Goldman Sachs banker and co-founder of Hopu Investment Management, is raising up to $2 billion in a new fund, writes Reuters. Hopu surprised investors and rivals in 2010 when it suddenly wound down operations after raising and investing just one fund, which generated big returns and took part in several high-profile and profitable deals, writes Reuters.
4 min read · 02 May 2013
(Reuters) - Cerberus Capital Management LP has completed fundraising for its latest flagship private equity fund, raising $2.61 billion to invest in distressed assets, Reuters reported Wednesday. The new fund fell short of the firm's target of $3.75 billion.
2 min read · 02 May 2013
(Reuters) - DreamWorks Animation SKG Inc. on Wednesday bought teen-oriented YouTube network AwesomenessTV, providing a big exit for Greycroft Partners, MK Capital, New World Ventures and angels, which invested $3.5 million in the company just nine months ago.
2 min read · 02 May 2013
The private equity arm of OMERS, one of Canada's largest pension plans, has hired Barclays Plc and Harris Williams & Co to explore a sale of United States Infrastructure Corporation (USIC), three people familiar with the matter said this week.
2 min read · 01 May 2013
