Private Equity
Investors from Europe, US, Middle East and Japan buy in to the company’s distressed targets vision.
2 min read · 05 January 2013
C Change and Korea Investment & Securities will jointly manage the Green Growth Fund, which will invest in green technologies to be deployed, developed or manufactured in Korea. The fund will have $130m in initial backing and could balloon to $5bn over five years.
2 min read · 05 January 2013
The alternative investment firm has a held a first close on its second buyout fund, the final target for which is undisclosed.
1 min read · 05 January 2013
Goldman Sachs’ sixth buyout fund is poised to increase its stake in Universal Studios Japan. The tender offer it will launch Monday, if successful, would be one of the largest private equity deals agreed in Japan in more than a year.
2 min read · 05 January 2013
In a story dated 20 March, PERE reported that David Loglisci and Henry Morris, a former political advisor to the US public pension, allegedly extracted sham ‘finder’s fees’ from various private equity and hedge funds, including a vehicle run by Paladin. The story should have read Paladin Capital Group.
4 min read · 05 January 2013
The US turnaround firm has bolted on the aluminium die casting and machining operations of US foundry Citation to the automotive components platform it's been building since 2006. The firm also is building up its plastic molder platform.
2 min read · 05 January 2013
David Loglisci and Henry Morris, a former political advisor to the US public pension, allegedly extracted sham ‘finder’s fees’ from private equity and hedge funds including Carlyle, Riverstone, Aldus, Falconhead, Odyssey, Access Capital, GKM Newport, Pequot and PCG.
4 min read · 05 January 2013
Euronext-listed fund of funds Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners and will help its bankrupt parent company unload 14.5 million shares in secondary transactions beginning in mid-2010.
2 min read · 05 January 2013
The collapsed Cannery Casinos deal is the latest sign of turmoil in the US gaming industry, where several private equity-backed casino operators, like Harrah’s and Station, are battling heavy debt loads and plummeting sales. Rather than buying Cannery as agreed, Australian casino operator Crown will pay $370m for a 24% stake.
2 min read · 05 January 2013
Bank of America has made 14-year Merrill veteran James Forbes the head of its private equity and real estate business, which includes Merrill Lynch’s $5bn to $6bn private equity division.
2 min read · 05 January 2013
