Private Equity
Simpson Thacher & Bartlett, the law firm for private equity heavyweights like Blackstone and KKR, will guide the government as it spends up to $250bn purchasing equity stakes in banks. The government also hired Bank of New York Mellon to serve as custodian for the $700 billion bailout.
2 min read · 05 January 2013
The private equity branch of the UK’s second biggest bank Barclays, which today announced plans to sell more than £6.5bn of shares to private investors, has hired former Altium Capital assistant director Steven Whitehead.
1 min read · 05 January 2013
The Dubai government-backed private equity firm has opened an office in New York following the opening of a Shanghai office last year. The firm’s high-profile investments in North America have included Cirque du Soleil and Barneys New York.
2 min read · 05 January 2013
Another veteran of the European Bank for Reconstruction and Development has been lured to the world of private equity, as firms seek to up their exposure to Central and Eastern Europe, Russia and the CIS nations.
2 min read · 05 January 2013
Oak Hill Capital Partners bought US drug store chain Duane Reade in 2004 for $750m, a price allegedly based on inflated earnings numbers.
1 min read · 05 January 2013
The consumer product-focused firm has elevated Kara Cissell-Roell, 33, to the new role while investing its $325m debut fund.
1 min read · 05 January 2013
The ex-vice chairman of Bear Stearns has reportedly left new parent JPMorgan to set up a private equity firm.
1 min read · 05 January 2013
The Middle East investment firm, which has more than doubled its staff in the past year, has made three appointments including the hire of former Bain executive Alykhan Nathoo as head of its emerging markets division.
2 min read · 05 January 2013
Liu Lefei will reportedly be the new chief executive of China’s first wholly domestic private equity fund.
1 min read · 05 January 2013
On the heels of bank investor Gerald Ford joining the firm, Flexpoint Ford has raised more than five times the capital of its 2005 debut fund. The Chicago-based firm has also hired two principals and will open a New York office.
2 min read · 05 January 2013
