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
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
Lehman’s former merchant banking unit will be owned by management in a joint venture with South African billionaire Johann Rupert.
2 min read · 05 January 2013
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
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
