Citigroup has cut ties with Daniel Dantas, a controversial figure managing the bank’s private equity investments in Brazil.
Terra Firma Capital Partners is set to sign terms to acquire German property group Viterra for €7 billion in Europe’s largest private equity deal to date.
KKR namesakes Henry Kravis, Jerome Kohlberg and George Roberts, along with newcomer Thomas Lee, are among the world’s richest people according to Forbes Magazine.
Warner Music Group, bought by Thomas H. Lee Partners, Bain Capital and Providence Equity Partners for $2.6 billion last March, has planned a $750 million IPO.
Nordic Capital has taken a controlling interest in the Danish pharmaceutical company that it previously owned between 1999 and 2002, completing its third investment in a week.
US-based private equity firm Texas Pacific has completed an unwanted treble, with its third offer for British Vita rebuffed by the target’s board.
KPS announces one promotion and two new hires after seven-year veteran Stephen Presser and three colleagues left the New York private equity turnaround specialist to found Monomoy Capital, which will look to raise a new fund between $150m and $200m.
A few months after CalPERS chief investment officer Mark Anson warned of a private equity “bubble”, the board of the California pension fund will soon decide whether to give him more autonomy in making private equity allocation decisions. By Paul Fruchbom
Texas Pacific has made an increased indicative offer for the London-listed foam rubber manufacturer that rejected the private equity firm’s advances last month.
Roberto Italia, who left the European buyout operation of Henderson Private Capital in late 2004, has joined European private equity group Cinven.