Private Equity
KKR, TPG and French energy giant Electricite de France have lost a bidding war with Warren Buffett-led Berkshire Hathaway for the US utility company. The private equity consortium had offered to pay roughly $1.5bn more for Constellation Energy.
2 min read · 05 January 2013
The London-based secondaries firm has added Robert Savage to its team of 12 investment professionals as it invests a €730m fund and prepares to raise Fund IV.
2 min read · 05 January 2013
Amid uncertainty over how the government bailout of its parent company will affect its future, AIG Investments closed a deal yesterday with an undisclosed investment in Blue Intercontinental Micro Finance Bank.
1 min read · 05 January 2013
UK mid-market activity is now at the same level as it was in 2005, but advisory teams at Deloitte and Close Brothers, both mid-market players, have been hiring this week, with the former luring ex-private equity professional Liam Camburn.
1 min read · 05 January 2013
Private equity is well positioned to cope with the credit crunch, but its main worry is what comes afterwards, writes Philip Borel.
4 min read · 05 January 2013
The private equity firms are reportedly in discussions to buy Lehman’s investment management unit, which includes its $30bn private equity portfolio. The price of the investment management arm, around $5bn last week, may come down after Lehman’s bankruptcy filing today.
1 min read · 05 January 2013
The UK government-backed cleantech investor has co-invested with British firm Catapult Venture Managers in 4energy, a producer of efficient refrigeration devices for industrial electronic equipment.
1 min read · 05 January 2013
As British bank Barclays snaps up Lehman’s core investment banking businesses, the fate of the bankrupt bank’s investment management division and private equity portfolio has yet to be sealed. Reports that CVC is bidding for the investment management division are false, PEO has confirmed.
1 min read · 05 January 2013
The former president of Gap-owned US apparel company Old Navy, Jenny Ming, has joined the global buyout firm as an operating partner. She will focus on apparel retail companies such as existing Advent portfolio companies Gérard Darel and lululemon athletica.
1 min read · 05 January 2013
The cleantech start-up’s second financing round, which includes an investment from Bill Gates’ wealth management firm, has pushed its total outside funding to more than $100m. Other investors include ARCH Venture, Venrock and the Wellcome Trust.
2 min read · 05 January 2013
