First Reserve related stories
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Simpson Thacher recruits GloverThe global head of Clifford Chance’s private funds group, Jason Glover, will establish a UK practice for Simpson Thacher & Bartlett.
- Carlyle in $1bn Brazilian healthcare deal
General Atlantic is exiting its minority position in healthcare management company Qualicorp as Carlyle takes control.
- Report: JPMorgan in talks to buy Brazil firm
The bank is reportedly in ‘advanced discussions’ to acquire Brazilian investment firm Gávea, which closed its third fund in 2008 on $1.2bn.
- Powered up
KKR’s recent East Resources exit – coupled with HitecVision’s specialist energy fund close this week – is further evidence that the energy sector remains active and vibrant for private equity investors, writes Christopher Witkowsky.
- LMS to halt LP fund investments
The London-listed firm, which just inked a $38m services deal, will in future focus solely on direct deals under newly installed CEO Glenn Payne.
- First Reserve taps GE pro for infrastructure team
Phil Burkhardt joined the firm as an asset manager, bringing the total number of members on its energy infrastructure team to 11. First Reserve infrastructure head Mark Florian expects the team to grow to 14 by year’s end as the firm goes about ‘building out some really good investments’.
- Building a better mousetrap
Mark Florian went from advising on blockbuster toll road deals for one of Wall Street’s finest to building out an energy infrastructure team at the world’s oldest energy private equity firm. In his first interview since joining First Reserve from Goldman Sachs last year, he tells Cezary Podkul why he made the transition and what he hopes to accomplish at his new employer.
- DLJ South American team leads $370m Brazil deal
DLJ, Gavea, Magna and Highbridge are among the firms picking up a 25% stake in Brazil-based Grupo Santillana de Ediciones, a publisher of educational text books.
- First Reserve inks first infrastructure deal
The firm will seed a joint venture that could bring as much as $1.5bn in purchasing power to solar power projects.
- Apax invests $1bn in Brazilian debut
Apax adds to private equity momentum in Brazil, following First Reserve and The Carlyle Group in recent deals.