Man Group, the alternative investment group, is reducing the 67 percent stake it acquired in Westport Private Equity, the UK fund of funds manager, to less than 50 percent.
The peer and former CEO of United Business Media will join KKR’s London office as a managing director in April to focus on the media sector.
Reports today indicate that the shareholders of Spanish travel services firm Amadeus have agreed to sell the company to BC Partners and Cinven in a €4.3bn buyout.
The Connecticut secondary veteran has acquired a ‘sought-after’ portfolio of private equity partnership interests from Bank One.
Robert Palumbo will join the technology specialist after having served as the head of Thomas Weisel Partners’ West Coast enterprise software practice.
The New York-and San Francisco-based private equity firm has named Simon Lonergan, a former managing director in Blackstone’s London office, to partner.
The distressed buyout specialists will generate a return of 10 times their initial investment in mortgage originator First NLC, following its announced $88m acquisition by Friedman, Billings, Ramsey Group.
The Boston private equity firm has promoted three professionals including Michael Wilson to managing director.
John Connors is leaving the world’s largest software maker after more than 15 years to become a partner at Washington state-based Ignition Partners.
Advantage Capital, the London-based private equity firm that targets complex lower mid-market buyouts, has launched its second fund with a £30m target and £50m cap.