LGT Capital Partners has closed Crown Private Equity European Buyout Opportunities, its first FoF dedicated to small and mid-market buyout funds in Europe.
The buyout group has beaten off competition from rivals to acquire two of the UK’s leading cinema chains Odeon and UCI for close to £600m.
The sale by LV Finance of its share in Russia’s third-largest mobile phone company has been ruled “illegal” by the International Chamber of Commerce.
A private equity syndicate led by Newbridge Capital is reported to be close to acquiring a one third stake in Japan’s leading consumer finance group.
The final round of bidding for the £380m UK cinema chain has narrowed the field down to the two private equity firms and one property investor.
Norwegian private equity firm FSN Capital has launched its second fund with a NOK200m (€24m) commitment from Argentum, the Norwegian government-owned fund of funds investor.
Maplin Electronics, the UK-based maker of electronic gadgets, is understood to be close to a £240m sale to Montagu Private Equity, the mid-market private equity firm.
Industrial conglomerate Ingersoll Rand has agreed to sell one of its units to New York and London energy buyout specialist First Reserve.
Admiral Group, the UK motor insurance group partly owned by Barclays Private Equity, is reported to be on course for a London Stock Exchange listing next month.
A third business development company (BDC) launched by a US private equity firm has been pulled following KKR’s withdrawal and Blackstone’s postponement.