Private Equity
One of the largest private equity real estate platforms in the world will become independent of its bankrupt parent company, sister news site PERE has learned.
2 min read · 05 January 2013
The real estate buyout arm of Lehman Brothers, Lehman Brothers Private Equity Real Estate, has attracted more than 100 expressions of interest for its fund positions and the group operations. Lehman is running a formal bidding process to assess options for the divison. An announcement is expected in Q1.
2 min read · 05 January 2013
Citadel portfolio company TAQA Arabia has won a $165m gas distribution contract in Libya, while Dina Farms, an Egyptian dairy backed by the firm, has successfully secured $36m in debt financing.
2 min read · 05 January 2013
Chinese private equity investors have reportedly acquired a 20% stake in Chery Automobile for $293m.
2 min read · 05 January 2013
The Kuwaiti-headquartered firm has sold its interest in Reliance Petroleum, generating an IRR of more than 70%.
2 min read · 05 January 2013
Cobalt, which is backed by Riverstone, Goldman Sachs and First Reserve, has tied up with Sonangol, the national oil company of Angola, to let the oil and gas exploration firm access Africa's third largest oil producing nation.
2 min read · 05 January 2013
Renamed Trilantic Capital and still led by Charlie Ayres, the firm will be ‘patient’ in choosing investment opportunities. In an interview with PEO, Ayres said his firm will look for chances to inject quality, over-levered companies with equity capital for some form of control.
3 min read · 05 January 2013
The management spin-out of Lehman’s merchant banking arm officially closed last week and the firm has chosen a new name.
2 min read · 05 January 2013
African Energy Infrastructure Fund is now more than half-way toward its first close, which is expected in the middle of the year, and has already lined up its first deal in Ghana. In December 2008, it received a $30m equity commitment from the African Development Bank.
2 min read · 05 January 2013
Marlow Capital is currently raising finance on a deal by deal basis. Its first buyout – that of South African waste management business Wasteman – is thought to be worth in the region of $50m.
2 min read · 05 January 2013
