Private Equity
The Belgian Gimv-XL fund, which held a first close on €500m in December, has acquired a €75m stake in food group Vandemoortele and opened talks with investors about a second fund close later this year.
2 min read · 05 January 2013
Scottish Widow Investment Partnership will invest up to 50% of its private equity allocation into funds that invest in the secondary market and make turnaround and distressed investments, according to investment director William Gilmore.
1 min read · 05 January 2013
LPs are facing many constraints in making commitments to private equity – GP delays in submitting year-end reports are one of the least publicised, writes Andy Thomson.
2 min read · 05 January 2013
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
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
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 UK government’s safety net, which now contains around £400bn of banks’ risky assets, could delay refinancing procedures and cause lenders to encourage corporate defaults.
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
The Vietnam-based firm has taken a 25 percent stake in the Thuan Binh Wind Farm Company, which is backed by the Vietnamese government.
2 min read · 05 January 2013
