New York-based Wellspring Capital Management received $1bn in LP commitments for its fourth fund, a nearly 50 percent jump over its predecessor vehicle.
The Chinese auto parts manufacturer, in which Baring Private Equity Partners has a minority stake, has raised $450m from an IPO in Hong Kong.
David Coulter, the former vice chairman and head of investment banking at JP Morgan, has made the move into private equity, having signed on with Warburg Pincus.
Raising Elevation Partners’ debut fund involved helping LPs get comfortable with a rock star.
Investcorp wrapped up the fundraising for its second ‘venture-buyout’ fund, closing on $300m for its Investcorp Technology Ventures II. The fund, which was oversubscribed, exceeded its target by $50m.
French private equity firm Natexis Industrie and the French team of Barclays Private Equity have sold their stake in Eau Ecarlate to AXA Private Equity.
The WL Ross & Co. joint venture with Lear Corp. and Franklin Mutual Advisors has agreed to acquire a significant chunk of Collins & Aikman’s European operations.
Lightyear Capital finalised its secondary deal for containment-rental company Baker Tanks. Chicago’s Code Hennessy & Simmons, the previous owner, sold the business after a less than two-year stay in its portfolio.
Swiss pharmaceutical company Norvatis has sold a dietary and slimming products business to ABN AMRO Capital for €220m.
Apax Partners has inked a $1bn-plus deal to acquire a majority stake in Contech Construction Products, an engineering firm currently owned by Butler Capital.