Private Equity
The proposed private equity fund will be managed by Prescient Fieldstone Investment Management and target final commitments of $500m. A first close is scheduled on $150m.
2 min read · 05 January 2013
Bank of America has made 14-year Merrill Lynch veteran James Forbes the head of its real estate and private equity business.
2 min read · 05 January 2013
The US firm has been deploying cash consistently throughout the past month, most recently having invested $160m to acquire the ice-making business of Manitowoc. It is also set to exit electronic payment firm Metavante, which will be merged with Fidelity National Information Services to create a $10bn enterprise.
2 min read · 05 January 2013
New Zealand-based Knox Investment Partners has purchased CanPrint/ Union Offset as the eighth bolt-on to portfolio company OPUS Print Group.
2 min read · 05 January 2013
The SEAF India Agribusiness Fund expects to hold a first close on $35m by May.
2 min read · 05 January 2013
Merrill Lynch Global Private Equity has shut down its Tokyo office four years after setting up there. The firm has not closed a deal in Japan.
2 min read · 05 January 2013
The New York-based firm’s $59m bid for the iconic film company bested three other investment groups. It puts the company in private equity hands for the third time.
1 min read · 05 January 2013
Moody's has followed Fitch in slashing its debt rating for Energy Future Holdings as concerns mount over its ability to pay creditors. The company formerly known as TXU was purchased by TPG, KKR and Goldman Sachs in a $45bn transaction, the largest-ever buyout closed to date.
2 min read · 05 January 2013
Swiss alternatives firm Capital Dynamics will augment its fund of funds platform by assuming management of HRJ’s $2bn in assets. The US fund of funds was reportedly burned by its over-commitment strategy last year, causing it to breach debt covenants and seek secondary sales.
2 min read · 05 January 2013
The firm spun out of Arsenal Capital in 2007 when co-founder Barry Siadat left to start an independent firm targeting specialty materials, chemicals and healthcare investments. SK Capital made its first investment from the second fund, acquiring Solutia’s nylon business for $50m.
2 min read · 05 January 2013
