The Washington-DC based private equity firm has acquired half of a shipbuilding company in the increasingly popular destination for private equity investment. Carlyle’s entrance into Turkey follows firms such as TPG, KKR and BC Partners.
2 min read · 04 January 2013
The US’ largest union of long-term care workers, the Service Employees International Union, launched its ‘global day of action’ today targeting Kohlberg Kravis Roberts, pension funds and politicians in support of the buyout industry. Unite, the largest union in Britain, also joined the cause.
2 min read · 04 January 2013
The US’ second largest pension fund has allocated $1bn to the growing asset class with California’s infrastructure needs to be given preference. The pension also announced its prediction that private equity will reach 15 percent of total assets by 2012.
2 min read · 04 January 2013
The US smaller middle market-focussed private equity firm has returned 4.8x its investment in Universal Air Filter while investing in GTI Diagnostics through its micro-cap fund.
2 min read · 04 January 2013
The School Employees Retirement System of Ohio has approved commitments to two mid-market private equity fund managers.
1 min read · 04 January 2013
Advent will add family-owned French fashion brand Gérard Darel to its extensive retail portfolio. The firm, which has had a local presence in France since 1997, is looking to international expansion to maximise the value of its investment.
2 min read · 04 January 2013
The former head of Carlyle’s North American industrial buyouts group, Jay Powell, will apply his experience to the North American cleantech sector; GEF’s Clean Technology Fund II is targeting $350m.
1 min read · 04 January 2013
The Washington, DC-based development institution has furthered its support of regional SMEs via a $15 million investment in the Senegal-based Atlantic Coast Regional Fund, which has held a first close on $75 million.
2 min read · 04 January 2013
The Paris-based private equity arm of French insurer AXA has divested itself of a 2005 investment from its third fund following the recent close of Fund IV on €1.6 billion; AXA Private Equity has also opened an office in Zurich.
1 min read · 04 January 2013
The venture investors have co-led the funding round for Germany’s Sulfercell, which will support the construction of a manufacturing facility. The investment is the first for CCC’s €200m private equity fund.
2 min read · 04 January 2013
