Loren Boston, head of Citigroup’s private equity fund placement division, is leaving the firm while Patrick Dunleavy and Doug Blagdon prepare to take over.
Close Brothers Private Equity has sold European Golf Brands, the UK golf trolley manufacturer, in a £26m secondary buyout to Graphite Capital.
Private equity firm Apax Partners has appointed Michael Ward, the former chief executive of UK pharmacy chain Lloyds Chemists, as a partner in its London office.
In a reversal of recent trends, the UK private equity market appears poised for a significant increase of IPOs at the same time as public-to-privates lose popularity.
In its first deal, New York-based Protostar Equity Partners has agreed to buy CIT Group’s portfolio of direct private equity investments.
Enterprise Inns has confirmed that it plans to exercise its call option to acquire the remaining stake in the Unique Pub Company for £609m from Cinven.
Vestar Capital Partners, the US-based private equity firm, is to acquire the majority of funeral operator Service Corporation International’s (SCI) French operations for $372m.
Willis Group, the insurance broker, has hired three London-based risk insurance specialists from Aon Mergers & Acquisitions Group to build up its European M&A and private equity franchise.
Kodiak Venture Partners, the Waltham, Massachusetts, seed and early stage specialist, has closed its third investment vehicle.
In one of its biggest growth equity investments in recent years, Boston’s Summit Partners has backed an online stock and equity options brokerage.