US presidential candidate John McCain has come under fire by one US labour union for his ties to KKR co-founder Henry Kravis, but recent data shows Democratic rival Barack Obama has the most financial support from the private equity and venture capital industries.
2 min read · 05 January 2013
The Texas-focused venture firm has already made two investments from its 10th fund while simultaneously continuing to invest Fund IX.
2 min read · 05 January 2013
The former president of Gap-owned US apparel company Old Navy, Jenny Ming, has joined the global buyout firm as an operating partner. She will focus on apparel retail companies such as existing Advent portfolio companies Gérard Darel and lululemon athletica.
1 min read · 05 January 2013
The New York private equity firm, currently raising $4bn, has agreed to commit $130m to Interstate Bakery, maker of iconic US food brands including Wonder Bread and Twinkies. Three investment firms have agreed to loan the company $339m.
2 min read · 05 January 2013
Jay Light, former professor to Steve Schwarzman and a director of university endowment Harvard Management Company, has joined Blackstone’s board of directors. Separately, Blackstone has been named as an advisor in the $85bn bailout of AIG.
1 min read · 05 January 2013
Magnesita, a company backed by Brazilian private equity firms GP Investments and Gavea, will buy Rhone Capital's LWB Refractories in a deal including €277m in equity.
2 min read · 05 January 2013
The private equity unit of Brookfield Asset Management bought Canadian-based Maax from a consortium of private equity firms that took the company private in 2004. Maax filed for bankruptcy in July after collapsing under the weight of its debt load.
1 min read · 05 January 2013
MatlinPatterson co-founder Mark Patterson yesterday characterised today's economy as the most troubled since the period following the US stock market crash in 1929. Operational concerns are now second to broader financial markets considerations when conducting due diligence, he said.
2 min read · 05 January 2013
Interim president and chief executive of the Canadian pension manager, Richard Guay, will officially assume the positions he stepped into last May in addition to his responsibilities as chief investment officer.
1 min read · 05 January 2013
Already active in Latin America and Central and Eastern Europe, the Dutch limited partner is looking to take advantage of the investment opportunity in Africa, CEO Volker Doeksen said today in New York. The Netherlands-based investor pursues fund, secondary, co-investment and mezzanine opportunities.
1 min read · 05 January 2013
