Deals

KKR and Permira among those named in Private Equity International’s annual celebration of the industry’s best value creation stories.

The Paris-based buyout house has reached its target for the fund, and is on-track to hold a final close by year-end.

The pan-African firm is acquiring a 49% stake for $55m from AfricInvest and the founding family.

In its defence document published Thursday, the London-listed private equity investor repeated its recommendation that shareholders reject HarbourVest’s 650p-a-share offer.

PEI weighs up the possibilities, using sister title Secondaries Investor’s SI 30, a ranking of the world’s top secondaries firms by capital raised in the past five years, as a starting point.

The event-driven hedge fund has increased its long position in the London-listed private equity investor via contracts for difference, regulatory filings show.

GPs are holding on to assets longer as they seek to balance out lower IRRs with higher cash multiple returns, said UBS’ Nestor Paz Galindo.

The Europe-focused buyout firm has agreed to sell its remaining 35% stake in Moleskine, completing its final exit from the luxury notebook maker.

Riverside Micro-Cap Fund IV closed on $650m, including a 5% GP commitment, and has already made two platform acquisitions so far.