Private Equity
Man Group, the alternative investment group, is reducing the 67 percent stake it acquired in Westport Private Equity, the UK fund of funds manager, to less than 50 percent.
2 min read · 30 December 2012
Rory Cullinan, former head of equity finance at RBS, has joined Permira’s UK team while three existing staff have been made partners.
1 min read · 30 December 2012
Although the initial public offering of the Blackstone portfolio company priced below initial expectations, the total proceeds of $800m will still provide a substantial dividend for the private equity firm.
2 min read · 30 December 2012
Industri Kapital has announced a final close of its fifth buyout fund, more than two years after launch.
1 min read · 30 December 2012
Former Rothschild’s banker Stephan Kruemmer has been appointed managing director of 3i’s German operation.
1 min read · 30 December 2012
Pepcom, a German cable operator owned jointly by UK-based private equity firm GMT Communications Partners and VS&A Communications Partners, has acquired a Munich-based cable television company.
2 min read · 30 December 2012
Reports today indicate that the shareholders of Spanish travel services firm Amadeus have agreed to sell the company to BC Partners and Cinven in a €4.3bn buyout.
2 min read · 30 December 2012
European private equity house 3i plans to merge UK coach company Shearings, newly acquired from Bridgepoint for £200m, with existing portfolio company CHG.
1 min read · 30 December 2012
The US-headquartered private equity firm has released global activity figures for 2004 that show $5.3bn returned to investors, $2.7bn invested and $7.8bn raised.
2 min read · 30 December 2012
Britain’s Inland Revenue has unexpectedly unveiled new laws relating to tax deductions available in private equity deals in a move described as severely damaging by industry participants.
2 min read · 30 December 2012
