Private Equity
The nascent UK-based firm expects to hold a first close for its debut fund in autumn, as it gears up to take advantage of the ‘perfect storm of market distress’ in which companies have either over-borrowed or strayed from their areas of core competency.
2 min read · 05 January 2013
The Mumbai-based fund manager has closed on $150 million for its latest property fund, in which 3i is a key investor. The fund will invest in Tier 1 cities in India.
1 min read · 05 January 2013
Candover Investments has entered talks with interested parties on 'a range of options', including a possible takeover. The listed fund, which approached The Blackstone Group as it explores its options, has seen a 90% decline in its share price since its high last September.
2 min read · 05 January 2013
The private equity firm, who along with Grove International Partners and Shinsei Bank, invested €1.1bn for a 24% stake in the bank in June last year, said it wants to remain as shareholders for ‘good or bad’. The firm's founder told German lawmakers to seize control of the bank would be an 'extreme step'.
2 min read · 05 January 2013
The firm’s London-listed trust recorded a strong cash position despite the unrealised write-downs and is planning to ‘bide time' in 2009. HgCapital CIO Frances Jacob noted the listed trust does not have the same sort of over-allocation strategy that has recently caused problems for other listed vehicles including fund of funds linked to Candover and SVG.
2 min read · 05 January 2013
The energy-focused private equity firm has hired former US diplomat and Goldman Sachs executive Peter Coneway as it seeks $6bn for its latest joint fund with Carlyle.
1 min read · 05 January 2013
The UK buyout firm has paid a reported A$425m for Australian billionaire James Packer’s network of 17 beef ranches.
2 min read · 05 January 2013
Terra Firma is splitting its chairman and CEO roles, with Terra Firma veteran Tim Pryce taking on the day-to-day running of the business. Hands’ responsibility will cover investors, investments and strategy as the group’s chairman and CIO.
1 min read · 05 January 2013
The UK private equity firm has made its debut Spanish and solar investments with the acquisition of stakes in three photovoltaic plants in a secondaries transaction.
1 min read · 05 January 2013
As we continue to see casualties of the global economic crisis in Asia, it is worth noting that many of the headline private equity victims so far have been Western firms attempting to expand into Asia, writes Jenny Blinch.
3 min read · 05 January 2013
