TL

Toby Lewis

IFC CEO advocates Africa fund of funds

The World Bank-backed investment company is looking to set up a body in partnership with another company to provide a gateway for investments into Africa.

1 min read · 04 January 2013

Blackstone sells €242m German glass maker stake

The publicly traded US firm has exited its remaining stake in Gerresheimer after the share price has fallen off its initial public offering level last year.

1 min read · 04 January 2013

Blackstone shares drop as profits plummet

Despite $170 million in fourth quarter losses the firm is confident present market conditions will play to its strengths as a private equity investor.

2 min read · 04 January 2013

Medu closes R850m fund

The South African mid-market outfit has closed its second fund, after returning the majority of its first fund to investors from just one exit.

1 min read · 04 January 2013

Gresham reunited with clothing rental business

The UK mid-market firm is helping the corporate owner of Johnson Clothing deleverage, as it attempts to reap returns for a second time from the company.

2 min read · 04 January 2013

CVC hires AA head

The former chief executive of UK motoring group AA Tim Parker has joined the European buyout firm, where he has worked on two highly profitable deals earning him the nickname “the Prince of Darkness”.

1 min read · 04 January 2013

August exits care home roll-up for £75m

The secondary sale to Bowmark Capital came after August Equity made eight acquisitions for Healthcare Homes over two and a half years. Bowmark intends to continue the buy-and-build strategy.

2 min read · 04 January 2013

BNP appoints head of corporate development

The appointment by the French bank, which oversaw the development of independent buyout firms like Banexi and PAI Partners, signals a renewed emphasis on the asset class.

2 min read · 04 January 2013

Schwarzman: economic change driving fear of private equity(4)

Blackstone chairman and co-founder Stephen Schwarzman has spoken out in the industry’s defence, championing private equity as “a force for good”.

2 min read · 04 January 2013

Partners Group opens in Luxembourg

The Swiss alternative asset manager has opened in Luxembourg, where it will use an investor-friendly funds regime to structure products. The firm has already set up some of its funds in the country.

1 min read · 04 January 2013

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