Private Equity
A $20m investment in South African company Buildworks will benefit from the ongoing development of Africa’s electrical power infrastructure. The company could expand into the Middle East, according to Kingdom Zephyr partner Panos Voutyritsas.
2 min read · 05 January 2013
Creditors of Autodistribution, the debt-laden French car part distributor, have agreed to write down its debts in exchange for a €110m cash injection by private equity firms Towerbrook and InvestCorp.
2 min read · 05 January 2013
None of the sale's proceeds have been used to cash out Apax GPs, but rather will be re-invested in a permanent capital vehicle that will invest in Apax funds.
2 min read · 05 January 2013
The quoted investment manager suffered a net loss for the first time in its history, due largely to hedge fund positions. Its private equity portfolio is 'in better shape' than many competitors, chief executive Nemir Kirdar has said.
2 min read · 05 January 2013
Valuation difficulties have prompted the Texas-based mega-firm to cease talks that began more than a year ago with the Kuwait Investment Authority and two California pensions over the potential sale of a single digit stake in its management company.
3 min read · 05 January 2013
Investcorp has become the latest firm to take cost-cutting measures as it plans to lose 90 staff, representing 20 percent of its workforce.
1 min read · 05 January 2013
The Los Angeles-based private equity firm has sold the Breakwater Edison hotel on Miami’s famed Ocean Drive for $25m.
2 min read · 05 January 2013
The Oman Investment Fund acquires half of the hotel chain from the Dublin-based private equity real estate firm, just one year after Quinlan purchased Jurys Inns for €1.17bn. The deal will allow Quinlan to take advantage of falling real estate values in the UK.
2 min read · 05 January 2013
The Abu Dhabi Commercial Bank and Macquarie joint infrastructure fund's investment will help support infrastructure developments commissioned by the Abu Dhabi government. The fund has raised more than half of its $1bn target.
1 min read · 05 January 2013
The investment in Albidon’s Munali Nickel Project in Zambia is the firm's first nickel mining deal in Fund I.
2 min read · 05 January 2013
