Clarity Partners

Private equity firm Shamrock Capital has sold its stake in a luxury-focused media group to co-investment partner Clarity Partners at a five-times valuation over the original purchase price.

Los Angeles-based Clarity Partners is leading a group of private equity firms in the creation of a Spanish-language newspaper platform company.

In conjunction with the closing, the Los Angeles-based firm has promoted Michael LaSalle and Andy Howard to partners, says partner Steve Royer (pictured).

Mongolia has in recent years attracted the attention of Hopu Investment Management, Temasek and CIC. Aston Tan looks into the opportunities for private equity investors in this natural resource-rich country.

Apax Partners, Saban Capital Group and Mori Arkin have upped their stake in the privatised telecom company. The investor group acquired a 30 percent stake in Bezeq in 2005.

The investment firm founded by Goldman Sachs executive Fang Fenglei has made a $300m private equity investment in partnership with Singapore’s sovereign wealth fund, Temasek Holdings.

The Scottish bank’s integrated finance arm has taken a minority stake in Vue Entertainment, the cinema group, providing both debt and equity in its biggest deal yet

Consumer sector specialist Neil Sutton is replacing Graeme Pike as head of the financial services group’s UK deal advisory effort.

The acquisition of a 30 percent stake in Israeli telecoms company Bezeq by a private equity consortium is the largest privatisation seen in the country so far this decade.

Following its acquisition of Cine-UK in October, The Blackstone Group has agreed to purchase the UK assets of French cinema chain UGC in a transaction valued at around £200m.