The Canadian pension and the infrastructure platform of investment bank Morgan Stanley have each acquired 50 percent of Chile’s second largest electric energy company.
2 min read · 04 January 2013
Covidien is the latest company to launch an in-house venture arm, a re-emerging trend as companies look to acquire strategic emerging technologies.
3 min read · 04 January 2013
Publicly listed Brazilian private equity firm GP Investments has begun fundraising for its fifth private equity fund, less than one year after closing the previous fund on $1.3bn. The firm plans to target both public and private investments.
2 min read · 04 January 2013
Former IBM chief Louis Gerstner will step down as the global buyout firm’s chairman after five years. He will remain a senior advisor to the firm’s Asia, Europe, Japan and US buyout funds.
1 min read · 04 January 2013
The private equity secondaries firm has purchased its first portfolio made up exclusively of Latin American companies from Buenos Aires, Argentina-based Pegasus Capital. The transaction is the first for Paul Capital’s São Paulo office.
2 min read · 04 January 2013
The agreed financing for SpiceJet exceeds last month’s financing arrangement with distressed specialist WL Ross by 25 percent. The new deal includes ‘participation’ by Dubai-based Istithmar World and SpiceJet director Ajay Singh and a subscription for equity warrants by Goldman Sachs.
2 min read · 04 January 2013
The private equity firms have agreed to sell Talecris Biotherapeutics, purchased for $590m in 2005, to Australian blood products company CSL.
2 min read · 04 January 2013
Pensions in Los Angeles and San Francisco allocated $159m to private equity funds including Apollo's European distressed debt vehicle.
1 min read · 04 January 2013
A listed-investment vehicle of private equity firm Apollo Global Management has marked down by 25% its co-investment in casino company Harrah’s Entertainment. Harrah’s was acquired by Apollo Global Management and TPG for a total $17.1bn earlier this year.
1 min read · 04 January 2013
The Reader’s Digest Association has agreed to sell school groups and youth-focused fundraising group QSP to Time, which co-owned the unit until 1971. A Ripplewood-led consortium purchased the media company for $2.4bn in 2007.
2 min read · 04 January 2013
