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Credit Suisse adds to Asia sponsor coverage group

Credit Suisse has hired Ben Ngai from Citi to focus on sponsor coverage in China.

Carlyle bulks up financial services team

US buyout firm The Carlyle Group has expanded its financial services team with a string of high profile appointments, after closing a real estate and a European fund last week.

Norwest Venture makes first local hire in India

Norwest Venture Partners, a US venture capital firm, has made its first hire in India after operating in the country from abroad since late 2003. The firm is expected to hire two more partners following the appointment of Niren Shah as managing director.

Mining vet launches environmentally, socially conscious firm

Damien Reynolds, head of natural resources investment firm Longview Capital Partners, has launched a new firm that will target renewable energy and cleantech.

Ferguson defends tax rules on loans

The chairman of UK private equity investor SVG Capital says changes to the tax deductibility on interest payments on leveraged loans would be damaging to private equity funds and their investors.

Start-up venture firm targets $100m for Southeastern US

Sunrock Ventures is raising its debut fund to target $100 million for investments in the “underserved” Southeastern US.

Fox leaves the BVCA to head up BSA

The British Private Equity and Venture Capital Association has had its second significant departure in two months as Mark Fox, director of communications and public affairs, left to head up the Business Services Association

Brown says he will close any PE tax loophole

The UK prime minister Gordon Brown has said he will close any tax loophole private equity enjoys, as the clearest sign so far that the UK government intends to change the carried interest tax relief enjoyed by buyout executives.

Hg picks up €320m German lighting company(3)

Franko Neumetzler, the owner of German lighting company SLV Group, has sold a sizeable part of his majority stake to European buyout firm HgCapital, as he looks to resolve succession problems at the company he founded.

Romney and the ‘deal junkies’

US presidential candidate Mitt Romney’s success in building Bain Capital was due more to a talent for hiring and organizing smart, aggressive deal doers than to his own investment prowess, according to sources interviewed by Private Equity International magazine.