Two brothers of ousted Seibu chairman, Yoshiaki Tsutsumi, have reportedly launched a counter bid to the ¥160 billion offer Cerberus Capital Management and Nikko Principal Investments made for a significant stake in Japanese real estate and rail giant Seibu.
Crestview Partners, the new firm launched by Goldman Sachs veterans Barry Volpert and Thomas Murphy, has yet to formally announce a final close for its debut fund, but in statement announcing its first deal, the firm said it had amassed $1.4bn in commitments.
Los Angeles-based Hancock Park is seeking $250m for its third fund, more than doubling its take for the 2003-vintage Hancock Park Capital II.
London-headquartered LBO investor Permira has hired former Forstmann Little partner Tom Lister to join its New York Office.
A select 75 general partners are holed up in 75 private rooms at the Sheraton New York for the first of a two-day summit organised by the Institutional Limited Partners Association – an event described by one attendee as “speed-dating”.
Warburg Pincus’ Targa Resources has completed its $2.45bn acquisition of Dynegy’s midstream services business. Hurricane Katrina-related damage to two of the company’s natural gas processing plants had threatened the transaction.
The Oslo-based mid-market investor has made more than 3x its original investment on the sale of a Norwegian oil services company.
The London, Amsterdam and Frankfurt-based mid-market buyout investor has agreed its third deal in Germany in 2005.
The Dutch lower midmarket firm has backed the spin out of the payment processing company from mail company TNT.
Warburg Pincus is to make a full exit from its highly lucrative investment in Bharti Tele-Ventures, the Indian telecommunications company.