Allianz Global Investors related stories
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Ares, CPPIB pay $1.6bn for 99 Cents OnlyPrivate equity firm Ares Capital and the Canada Pension Plan Investment Board are to acquire discount retail chain 99 Cents Only in a deal valued at $1.6bn.
- CPPIB grows PE investments by C$1.4bn
The Canada Pension Plan’s private equity portfolio increased to C$24.1bn during the first quarter of the fiscal year, helping the pension’s total assets reach a record C$153.2bn.
- Apax seals its second biggest US deal
The purchase of medical device company Kinetic Concepts is Apax Partners' second biggest US buyout to date, and takes the value of its North American deals this year past $9bn.
- 17Capital closes debut fund on €88m
The London-based secondaries investor is targeting European transactions between €5m and €50m.
- Gangsted leaves Cinven for VC firm Curzon Park
Earlier this month, Cinven saw a major shake-up with the departure of two partners and the promotion of Hugh Langmuir to replace Robin Hall as CEO.
- Allianz to create global real estate platform
Olivier Piani, GE Real Estate’s chief executive in Europe, is leaving his post to head up Allianz’s new business. Piani, who is credited with building GE's real estate investments in Europe after a decade with the firm, will take up his new post with Allianz in October.
- CAM adds JPMorgan investor relations specialist
The German fund of funds has hired Andrés Ebhardt, who has a background working with high net worth families, to expand the firm’s international investor base.
- Capvis plays it safe with BARTEC
The Swiss private equity firm has bought a manufacturer of explosion protection devices in a transaction that has been valued at roughly €325m. The deal represents an exit of undisclosed size for Allianz Capital Partners, which purchased the German company six years ago.
- Alpha closes fund of funds on €309m(4)
Alpha Associates, the central and eastern European fund manager, has held the final close of its second fund, which is already 40 percent committed.
- Morgan hires Metalmark, Allianz GPs(4)
After three years at Morgan Stanley spin-out Metalmark, Eric Fry has been appointed partner at the investment bank’s new private equity arm. Meanwhile, Morgan Stanley Private Equity’s London team has hired former Allianz Capital pro Michael Hehn.