Credit Suisse related stories
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3i is among Foxtons bidders(2)London-listed private equity firm 3i is among potential bidders for UK-based estate agency Foxtons, according to a source familiar with the situation. The interest comes three weeks after 3i’s failed Countrywide bid.
- Carlyle to complete full exit from QinetiQ(2)
The Carlyle Group is selling its remaining 10.3 percent stake in UK defence group QinetiQ, bringing to an end a successful, if controversial, investment.
- Apollo offers £1 billion for Countrywide(2)
As expected, Apollo Management has submitted a £1 billion proposal to buy UK estate agency Countrywide, although some shareholders are likely to be disappointed with the 590p-per-share on offer.
- Bear Stearns enters fund placement business(2)
The acquisition of the placement agent Crane Capital Associates has added a global platform from which the bank can compete with the likes of Credit Suisse and UBS.
- DLJ appoints three partners(2)
The New York-based firm has expanded its London and New York teams with additions to the firm’s industrial and global industry groups.
- DLJ sees 3.1x return on waste materials deal(2)
After holding the investment just 18 months, the Credit Suisse private equity arm has made a solid return on the $616m sale of Wastequip to Odyssey Investment Partners.
- KKR, TPG pick up TXU for $45bn(2)
The largest-ever private equity deal follows closely the previous record-holder, this month’s $39bn Blackstone-backed buyout of Equity Office Properties. The new owners of TXU will offer electricity customers price cuts.
- Industry enjoys record year as default fears grow
Global private equity deal volume soared to a record $737.4 billion in 2006, but more difficult times may lie ahead.
- Wellington Partners holds first close on €50m(2)
German venture capital firm Wellington Partners has held a final close of its third life science fund on €50m and expects to hold a final close by the summer on €120m.
- Enterprise Investors sells ceramics manufacturer for $87m
Warsaw-based Enterprise Investors has sold a tiles producer to a Polish bathroom fittings company for $87m, in the first of three possible exits in a month.