Citi Alternatives related stories
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Citi Private Equity loses BarberJohn Barber, head of the financial services firm’s longest-standing in-house private equity arm, will leave the firm. It is the latest in a long string of changes to Citi’s alternative investment platform, which currently includes three active private equity groups.
- Citi Infrastructure to buy Itinere in €7.9bn deal
The deal will be the largest yet for the infrastructure heavyweight and its first in the toll road sector after its consortium's $12.8bn bid for the Pennsylvania Turnpike expired in September.
- SolarCity collects $30m as solar investment surges
The residential solar panel installer has now raised $56m in total financing. Venture investment in US solar companies totalled $990m in Q3, a quarter over quarter increase of 66%.
- Abertis-led group drops $12.8bn Pennsylvania Turnpike bid
The landmark bid, whose deadline for acceptance was twice pushed back in hopes of getting Pennsylvania legislators to approve it, lapsed on Tuesday after Abertis decided not to extend it any further.
- Citi, Good Energies invest $140m in solar
The firms are among six private equity investors that have participated in SolarReserve’s secong round of financing.
- Metalmark and Greenhill Capital to acquire energy partnership
The private equity units of Citi and Greenhill & Company will partner with senior management to buy out publicly traded BreitBurn for $305m.
- Bridges backs low-cost gym
The high cost of gym membership in the UK is excluding some of those who would most benefit from exercise. Bridges investment will provide a boost to some of the UK's most deprived populations.
- Citi partners to invest in airports
Citigroup’s debut infrastructure fund, targeting $5bn, has made its second investment in airport development company Vancouver Airport Services. It is acquiring 50 percent of a subsidiary of Vancouver Airport Authority.
- Financial services M&A veteran joins Carlyle
UBS investment banker Olivier Sarkozy has joined The Carlyle Group’s recently formed financial services team. The team aims to exploit low valuations in the financial services sector, which has been hit by recent worldwide credit market problems.
- Pandit to lead new Citi unit(4)
Vikram Pandit, a fund of funds entrepreneur and former Morgan Stanley executive, will lead Citi’s newly combined alternative assets and investment banking units, making him a direct report to chairman Chuck Prince.