Private Equity
The drug conglomerate’s division for pioneering prescription drugs has established Merck Serono Ventures to back emerging biotech companies.
1 min read · 05 January 2013
The distressed investment specialist is surrendering all its stock in Thornburg Mortgage and has resigned its board seats. The residential mortgage lender has been given a grace period by lenders to come up with a restructuring plan.
2 min read · 05 January 2013
The Canadian province has established a $650m fund to help its residents secure and maintain high-paying jobs in the clean- and green-tech sectors.
2 min read · 05 January 2013
Private funds and investors are essential to the US Treasury’s plan to rejuvenate credit markets with the purchase of banks’ toxic assets.
3 min read · 05 January 2013
Peter Moon will retire next year from the UK’s University Superannuation Scheme, an influential limited partner in private equity, infrastructure and real estate funds.
2 min read · 05 January 2013
The Drug Fair Group, based in New Jersey, has filed for Chapter 11 protection and is selling a portion of its stores and other assets to Walgreens.
1 min read · 05 January 2013
A consortium led by the Bahrain-based listed private equity firm has acquired a 70% stake in L’Azurde, a Saudi Arabian jewellery company valued at $300m. The demographics underpinning MENA's demand for jewellery are encouraging, said co-head of Investcorp’s Gulf growth capital business, Azmat Taufique.
2 min read · 05 January 2013
The two firms in 2006 innvested $25m in the Inner Mongolian hot pot restaurant chain, which was listed on the Hong Kong stock exchange in June 2008. US restaurant company Yum! brands, which owns chains including Taco Bell and KFC, has paid $63m for a 20% stake in Little Sheep.
2 min read · 05 January 2013
The €54bn ATP pension scheme is the latest institution to join the cleantech bandwagon with a commitment to New Jersey-based Hudson Clean Energy Partners.
2 min read · 05 January 2013
Daniel Rosensweig joined Quadrangle in 2007 to launch its tech-focused Silicon Valley office. He will now oversee the operations of Activision's top-selling Guitar Hero video game.
2 min read · 05 January 2013
