The 36-year old New York private equity firm has agreed to merge with the private equity real estate and fund of hedge funds investor in a transaction that will create a company with combined assets under management of approximately $7bn.
The global buyout group has tabled an offer for a 63 percent interest in Italian telecommunications group Wind, valuing the business at €12.6 billion in what would be the largest ever European private equity deal.
Two and a half years after investing $100m into Phoenix Scientific, the Los Angeles private equity firm has agreed to sell the manufacturer of animal pharmaceuticals for approximately $270m in cash and stock to industry player IVAX.
Investors in Doughty Hanson’s latest fund are celebrating a lucrative recapitalisation of portfolio company Saft.
In another high profile private equity succession, co-founder Steven Denning will relinquish his role as managing partner of the Greenwich, Connecticut private equity firm.
AlpInvest Partners and Lexington Partners have agreed to acquire the entire private equity portfolio of Ohio-based utility DPL.
The private investment arm of Canada’s Diamond family has launched Whitecastle Private Equity Partners Fund to make small and mid-sized investments in Canada and in the US.
The Paris-based firm has announced a final close of €500 million for its AXA LBO Fund III.
A leading practitioner in the Japanese private equity market has speculated that opportunities for making quick and easy profits in the country are rapidly disappearing.
Tony James of The Blackstone Group said in an interview with Bloomberg that there were ‘just too many’ middle market buyout firms in the US.