Private Equity
John Barber, head of the financial services firm’s longest-standing in-house private equity arm, will leave the firm. It is the latest in a long string of changes to Citi’s alternative investment platform, which currently includes three active private equity groups.
3 min read · 05 January 2013
The former Greenhill investment banker will join the ranks of five other directors at the global energy buyout firm, which is in the midst of raising its 12th energy fund targeting $12bn. Ortega joined First Reserve in 2007 and worked as a vice president.
1 min read · 05 January 2013
Managing director Hemal Mirani has quit the Boston-based fund of funds manager, reportedly to join a ‘large buyout firm’ in Asia.
1 min read · 05 January 2013
The bankrupt Tribune Company is nearing a final agreement to sell the Chicago baseball team purchased by real estate mogul Sam Zell. A $900m offer from the head of Chicago investment bank Incapital reportedly beat bids from private equity executives Marc Utay and Leo Hindery.
2 min read · 05 January 2013
The Dubai-based firm has made two senior level appointments and expects to make more this year as it continues raising its $4bn Fund III.
2 min read · 05 January 2013
Paul Charron, who joined Warburg in 2007, will replace Ripplewood chairman Harvey Golub at the global foods company. Charron will begin chairing the company in August 2009 as it seeks to expand in new markets like Russia and China.
1 min read · 05 January 2013
Sanjay Nayar, ex-CEO of Citi's Asian operations will be based in the firm's Mumbai office, which is opening in January. The firm has also hired former Coke executive Ludo Bammens as director of European corporate affairs.
1 min read · 05 January 2013
A survey of 30 European private equity professionals reveals that more than half of respondents expect to restructure one or more of their portfolio companies in the next 12 months.
3 min read · 05 January 2013
Industry heavyweight Henry Kravis’s message to delegates at the World Economic Forum in Davos today was that the private equity model is far from broken. He also said he anticipates financial services regulation 'coming in a major way'.
2 min read · 05 January 2013
Naohiko Kitsuta has left the firm after less than two years.
1 min read · 05 January 2013
