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Standard Life’s Boston office walks out

The majority of Standard Life’s US private equity fund of funds team has left ‘without giving notice or warning of their intentions’. The UK insurer is currently in negotiations with its lawyers on the matter.

Capitol Hill to examine PE-owned nursing homes

Congressional interest in private equity-owned nursing homes remains high, as two committees in the US House of Representatives have now said they will hold hearings on the subject.

First Reserve, shipping vet launch $300m venture

First Reserve has committed $300 million to a joint venture with former OMI chief executive Craig Stevenson, formed to pursue energy-related shipping investments.

Fidelity boosts team on both sides of the Atlantic

Fidelity Equity Partners has hired four executives to strengthen its teams in both London and Boston.

Advent’s Kiev office ends reorganisation(2)

Global buyout firm Advent International has completed its reorganisation of its central and eastern European operations with the opening of an office in Ukraine.

Blackstone nabs Host Hotels head for Hilton

A week after completing its $20 billion buyout of Hilton, Blackstone has hired Chritopher Nassetta as the company’s new president and CEO.

German politician demands partial “locust” ban(2)

Peter Struck, head of the SPD faction in the German parliament, is calling for rules to limit private equity’s ability to take controlling stakes in some German companies.

GMT buys £62m advertising business from troubled SMG(2)

Media group SMG has sold outdoor advertising business Primesight to buyout firm GMT Communications, easing the financial difficulties faced by the seller’s board.

Romney wealth still tied to Bain(3)

The US presidential candidate still has major stakes in Bain Capital funds, although these have been placed in a blind trust, according to recent campaign disclosures.

Blackstone hires former H&Q pro

Former H&Q Asia Pacific managing director Andrew Kuo has joined The Blackstone Group’s growing Hong Kong staff as a managing director for greater China.