Private Equity
The fund of funds arm of UK insurer Standard Life has held a fourth close for its latest European fundraising effort. The firm is targeting a March 2009 final close less than two years after the close of its €900m predecessor.
2 min read · 04 January 2013
In a move welcomed by the London Assembly, the ‘Prince of Darkness’ has relinquished his position as head of Transport for London before even taking it up, as he resigns his position as First Deputy Mayor.
2 min read · 04 January 2013
The US private equity firm will add a second struggling German bank to its portfolio, purchasing a 91 percent stake in business bank IKB, which entered into an 'existential crisis' in July 2007.
2 min read · 04 January 2013
The Canadian pension and the infrastructure platform of investment bank Morgan Stanley have each acquired 50 percent of Chile’s second largest electric energy company.
2 min read · 04 January 2013
Publicly listed Brazilian private equity firm GP Investments has begun fundraising for its fifth private equity fund, less than one year after closing the previous fund on $1.3bn. The firm plans to target both public and private investments.
2 min read · 04 January 2013
The South African investment banking group has beefed up its private equity coverage with the appointment of Gareth Taylor from Deloitte.
1 min read · 04 January 2013
The Moscow-based asset management firm has revealed an equity investment in Lion Capital’s buyout of Russian Alcohol Group. Boris Fedorov, the former Russian minister of finance and co-founder of UFG, will join the board of the Russian vodka giant.
1 min read · 04 January 2013
Duke Street’s IT services company has agreed its second take private, with an agreement to buy shares of AIM-listed Netstore. Private equity buyers have been scanning London’s junior stock market for bargains and found rich vein in the IT sector.
2 min read · 04 January 2013
The middle market specialist has hired former MultiPlan president Harvey Sigelbaum and MBF Healthcare Partners director Joseph Ibrahim to lead the firm’s healthcare initiative. In related news, Avista Capital Partners has tapped former Johnson & Johnson executive Patrick O’Neill.
3 min read · 04 January 2013
The head of JC Flowers has reportedly established a fund under his personal control – a possible solution to stringent US bank holding company regulations.
2 min read · 04 January 2013
