Private Equity
The New York-based private equity firm’s hiring of Gerard Errera, following a wave of layoffs in December, is intended to bolster its transactions in France. Errera served as the secretary general of the French Ministry of Foreign Affairs and the French ambassador to the UK.
1 min read · 05 January 2013
The cleantech-focused DFJ affiliate has closed its second fund slightly shy of its $500m hard cap. The fund's first investment was made last year in Quench USA, the largest marketer and distributor of bottle-less water coolers in the US.
2 min read · 05 January 2013
The New York-based private equity firm’s latest fundraising efforts bring Blackstone’s total dry powder for private equity to $13bn. Reporting a $193.6m fourth quarter loss, Blackstone said it remains focused on investing in non-cyclical industries.
2 min read · 05 January 2013
The venture firm established by the Rockefeller family now has more than $2.2bn under management.
1 min read · 05 January 2013
Creditors of Autodistribution, the debt-laden French car part distributor, have agreed to write down its debts in exchange for a €110m cash injection by private equity firms Towerbrook and InvestCorp.
2 min read · 05 January 2013
In 2008, RMB-denominated funds raised RMB 264bn to invest in China, up 347 percent from from the prior year.
2 min read · 05 January 2013
President Obama included language in his budget released yesterday that would tax carried interest as income at 39.6 percent. In other regulatory news, a bill in Congress would also require all advisors to private equity funds to register with the SEC.
3 min read · 05 January 2013
Canada’s Caisse de depot et placement du Quebec suffered large falls in its real estate returns in 2008, with declines of 21.9%, the largest in its history. The pension fund is now seeking ways to stem future losses.
2 min read · 05 January 2013
The $743m transaction was terminated after certain conditions were not met, continuing the long dry spell for SPAC deals in the market downturn.
2 min read · 05 January 2013
Allied’s audit firm expressed ‘substantial doubt’ about the ability of the firm to continue as a going concern.
2 min read · 05 January 2013
