ABN AMRO related stories
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AlpInvest backs Fortis spin-outNazca Capital, a Spanish mid-market operation, will commence raising a third fund targeting €150m with AlpInvest as its cornerstone investor.
- Former fund of funds president faces embezzlement charges
The US Attorney in Illinois has charged John Orecchio, the former president of AA Capital Partners, with embezzlement for allegedly using clients’ money for personal expenditures. Orecchio is expected to plead guilty. The now-defunct AA Capital spun-out from ABN AMRO’s Fund Investment Group in 1995.
- Asciano mulls takeover, break-up proposals
Having previously turned down a takeover bid from TPG and Global Infrastructure Partners that valued it at A$2.9bn, the Australian port and railroad operator is considering a number of proposals that could lead to asset sales or a change of control. Concerns over leverage have reduced its market value to A$500m.
- AAC picks up stake in Viking
The former captive arm of ABN AMRO has acquired a “substantial” stake in Norwegian roadside services company Viking. It is the firm’s first acquisition since receiving a €950m commitment from a Goldman Sachs-led consortium in November.
- BPE continues to mull spin-out
Barclays' private equity arm is continuing talks with its parent about a possible spin-out, though contrary to media reports, sources say investors in Barclays Private Equity funds have as yet not been involved.
- Former Morley chief to advise Permira
Keith Jones is now a senior advisor for Permira’s financial services team, which is led by James Fraser and will increasingly look to target wealth management assets in play.
- Par Equity to launch debut fund
The Edinburgh-based firm is awaiting approval from the FSA to market its first private equity fund, but will soon start doing early stage deals from its newly established angel syndicate arm.
- Barclays mulls BPE spin-out, secondary sales
As the mid-market firm deploys its €2.4bn Fund III, its parent has considered spinning out the private equity arm as well as potential sales of interests in its existing funds.
- Babcock in talks to unfreeze bank deposits
As the struggling Australian infrastructure specialist works to unfreeze more than A$100m held by Germany's HypoVereinsbank, its 12 listed funds are likely to carry on 'business as usual', according to a person familiar with the matter.
- Close Brothers Private Equity spins out
Close Brothers Group will not commit to the newly independent firm CBPE Capital’s next fund, which will raise around £500m.