Private Equity
Lehman Brothers Merchant Banking will partially spin out as an independent firm, while the failed bank will retain ownership of a portion of the funds. Limited partners in Lehman’s most recent buyout fund have been given the option to reduce unfunded commitments by 25%.
2 min read · 05 January 2013
Global Investment House has acquired a majority stake in transport and logistics company Jassim Transport & Stevedoring in a deal the firm claims is the largest private equity buyout ever in Kuwait.
2 min read · 05 January 2013
The Florida-based firm joins several other high-profile private equity firms that have cut back on staff to control costs amid recession.
2 min read · 05 January 2013
The Dubai-based investment bank says it will avoid regulatory conflicts from a dual listing, as well as boost liquidity and trading volume by remaining traded only in Dubai.
1 min read · 05 January 2013
The South Carolina theme park, backed by publicly listed Israeli holding companies Africa Israel Investment and Polar Investments, failed to find a buyer while in bankruptcy and will liquidate only nine months after opening.
1 min read · 05 January 2013
A consortium led by the specialist technology investor will pay around £53m for London-listed Dmatek, an Israel-headquartered company which provides tagging services for monitoring both criminals and the elderly.
1 min read · 05 January 2013
One of the firm’s portfolio companies, Aozora Bank, is a victim in the alleged Ponzi scheme, and the chairman of another portfolio company controls a feeder entity that may have lost $1.8bn to Madoff.
2 min read · 05 January 2013
The Southern California-based private equity advisor has hired James Gamett to head up secondary investments, which the company believes has become an attractive investment area.
1 min read · 05 January 2013
The New York-based mega-buyout shop will cut back on 5% of its roughly 1,400-member workforce. The news comes after the publicly listed firm reported steep losses in the third quarter.
2 min read · 05 January 2013
Opportunities for consolidation in the financial services sector – particularly among life insurance and asset management firms – have led Resolution, like Marfin and Global Investment House earlier this year, to access the public markets.
1 min read · 05 January 2013
