Private Equity

Latin America

New Mexico commits $75m to Pine Brook

The $15bn endowment has established a new GP relationship by committing to Pine Brook, which is targeting $2 bn for its second fund.

2 min read · 17 January 2013

China PE returns down in Q1

China-based private equity fund returns were lagging in Q1 2012, with emerging markets returns also down year-on-year, according to a report from Cambridge Associates.

1 min read · 17 January 2013

Carlyle secures third Brazil deal in 2012

The Carlyle Group has been active with its South American Buyout Fund recently, acquiring Brazil’s Tok&Stok after purchasing stakes in Grupo Orguel and Ri-Happy earlier this year.

1 min read · 17 January 2013

Darby exits 12-year investment in Costa Rica

The Franklin Templeton-subsidiary made its investment in Grupo Financiero Improsathrough its 2001 ProBanco I Fund, a $27m vehicle.

1 min read · 17 January 2013

KPS toasts 9x brewery exit

North American Breweries will be sold for $388m, representing a 9x overall return, shortly after the sale of auto-parts maker HHI Group, which KPS was selling for a 10x return.

2 min read · 17 January 2013

Apollo agrees $975m grocery exit to Ares

Ares Management reportedly beat rival Centerbridge Partners to acquire food retailer Smart & Final, which Apollo purchased in 2007.

1 min read · 17 January 2013

Bain backs tool maker in $1.6bn buyout

The firm will acquire Apex Tool Group, its largest disclosed investment of 2012.

2 min read · 17 January 2013

First Reserve sells UK subsea stake to KKR

The UK’s Acteon Group, a provider of subsea services in the upstream oil and gas sector, will have a new set of private equity sponsors.

1 min read · 17 January 2013

Partners Group to invest in Brazilian sports retailer

Partners Group, which opened an office in Brazil in early 2011, aims to benefit from a growing middle class in the Latin American market.

2 min read · 17 January 2013

Blackstone in $1.2bn Gulf of Mexico deal

The oil and gas strategic partnership struck with LLOG is said to be the largest such private equity financing executed in the region.

2 min read · 17 January 2013

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