Private Equity
Nader Sultan will help the global private equity firm source energy deals in the MENA region.
1 min read · 05 January 2013
The Singapore-based mooring business is backed by London-listed private equity firm 3i and is expected to fetch up to S$300m. 3i invested in Franklin in 2007 with a view to list the company on the Singapore Stock Exchange.
2 min read · 05 January 2013
The $20bn Connecticut state pension is the latest in a list of US pensions that have ended their relationship with Aldus Equity after the Dallas firm’s founder, Saul Meyer, was indicted for allegedly taking part in a kick-back scheme. Aldus’ lawyer yesterday rebuked the SEC as being ‘careless’ for naming the firm in a related complaint.
4 min read · 05 January 2013
The $122bn pension committed $125m to DFJ Gotham Ventures II and the PCGI/NYSCRF Emerging Europe Fund. The pension also announced it was searching for a new manager for its emerging mangers fund that was formerly run by embattled Aldus Equity.
1 min read · 05 January 2013
The mid-market private equity firm is hopeful it will garner at least £360m – equalling Fund VII – by the end of the year in its first fundraising since it span out from investment banking group Close Brothers.
1 min read · 05 January 2013
New Mexico’s governor Bill Richardson ordered the state’s $11.8bn oil and gas endowment to suspend investing in private equity and real estate while the endowment reviews investment recommendations made by Aldus Equity. Recommended commitments to Landmark Equity, Newstone Capital, Veronis Suhler Stevenson and Ares Management will have to go through a 'vetting' process again.
2 min read · 05 January 2013
The global buyout firm has agreed to the terms laid out by the brewery’s parent InBev, which include its right – but not obligation – to reacquire the brewery within five years on ‘pre-determined financial terms’.
2 min read · 05 January 2013
Thomas DiNapoli, New York's comptroller in charge of the $122bn New York State Common Retirement Fund, seeks reimbursement of more than $5m in fees paid and other damages from Aldus. The Dallas-based firm is accused of taking part in a kick-back scandal involving the New York Common.
3 min read · 05 January 2013
Steve Moseley, who joined private equity advisor StepStone in 2008, said he is not a target of the ongoing pay-to-play investigation, but cited as a ‘distraction’ media reports about a co-investment platform created for New York’s state pension while Moseley was at a separate advisory firm.
3 min read · 05 January 2013
Clark Perkins was at the Melbourne-headquartered firm for 14 years and was actively involved in its private equity activities from 2005.
1 min read · 05 January 2013
