Inflexion Private Equity has announced the management buyout of Healthcare Knowledge Systems International, the second investment from its Private Equity Fund 2.
Ewen Macpherson, former chief executive of 3i, has been appointed non-executive director of Hotbed.
As private equity continues to mature as an asset class, sophisticated investors are increasingly turning to the secondaries market as a method of actively managing their private equity exposure. Here Ivan Vercoutère and Wolfgang Müller of LGT Capital Partners outline the benefits and the challenges of using the secondary market as an active portfolio management tool from the perspective of both the “buyside” and the “sellside”.
CVC Capital Partners, the pan-European private equity firm, has appointed Sir Ian Robinson and John Sunderland to its UK advisory board.
A rash of recent realisations from private equity-backed businesses suggests that exit routes are once more opening up after a fallow period.
Canadian diamond miner Aber Diamond spends $85m for a 51 percent stake in the Hope Diamond’s original owner.
The Cambridge, Massachusetts firm’s Fund II exceeds the previous $630m vehicle and is targeting middle market LBOs in the industrial sector.
TDR Capital, the private equity firm set up by former DB Capital executives Manjit Dale and Stephen Robertson, has announced a final closing “in excess of” its €500m target.
Carlyle Group and Riverstone Holdings have closed their second energy fund, Carlyle/Riverstone Global Energy & Power Fund II, on $1.1 billion.
Deals worth £3.6bn were completed in the UK in Q1 of 2004, up from £3.34bn for the same period last year, despite a drop in larger LBO activity.