Private Equity
DLJ, Gavea, Magna and Highbridge are among the firms picking up a 25% stake in Brazil-based Grupo Santillana de Ediciones, a publisher of educational text books.
2 min read · 05 January 2013
The firm will seed a joint venture that could bring as much as $1.5bn in purchasing power to solar power projects.
2 min read · 05 January 2013
A new white paper jointly produced by PEI and BNY Mellon has found that the vast majority of LPs will hold steady or increase their allocations to private equity.
2 min read · 05 January 2013
The crafters of the AIFM have good intentions, but they must be shown that key proposals of this directive benefit no one and may create a Kafkaesque business environment, writes David Snow.
3 min read · 05 January 2013
TPG has reportedly sold a little over half of its 4% stake in China’s Ping An Insurance, which it last week swapped for its stake in Shenzhen Development Bank.
1 min read · 05 January 2013
The Council of Ministers and the ECON Committee have approved versions of the directive, but crucial differences remain in regards to the ‘third country’ rules. The latter group's version also includes a clause that could block LBOs.
3 min read · 05 January 2013
Evergreen will help source deals and co-invest alongside TowerBrook, said the advisory firm’s co-founder Dominick Schiano.
2 min read · 05 January 2013
A new tax idea from two US lawmakers gets one step closer to recognising the true nature of carried interest.
2 min read · 05 January 2013
JC Flowers-backed Shinsei Bank and Cerberus-owned Aozora Bank have terminated a merger agreement they signed in July 2009.
2 min read · 05 January 2013
The Los Angeles-based private equity real estate manager paid $54.7m in cash for the 415-unit apartment building in Denver – $20m less than RREEF paid in 2005.
1 min read · 05 January 2013
