The Central and Eastern Europe private equity firm has announced two telecoms exits in the Czech Republic and Romania, which will return $337m to its investors.
DJL Merchant Bank head Thompson Dean is reportedly leaving the bank with 15 employees to start his own fund, scuttling plans for DLJ Merchant Banking Partners IV.
The new location will expand the Ohio mid-market firm’s focus on life science opportunities in the Northeast.
The private equity firms have reportedly ended the seven-month auction for the US’ second-largest toy retailer by acquiring the whole company for $6.6bn.
The IPO of $18 per share was less than the amount expected by the KKR-led group of investors.
A mild recovery in the fortunes of European venture capital can be gleaned from the latest set of industry statistics.
The European midmarket specialist firm has announced the appointment of five more staff to its Frankfurt office.
Hicks, Muse, Tate & Furst have told investors that a $150m dividend recap is on the way later this week, as well as a second $8m dividend in the next few months.
AlpInvest has boosted its secondary fund investments team with the hire of Wouter Moerel as a principal from Carlyle’s European buyout team.
AXA Private Equity and the German LBO fund Triton have sold pet food maker Tetra to battery maker Rayovac for $551m, more than double what the firms paid for the company three years ago.