Deals

Private equity industry service providers said that post-‘Leave’ vote, the economic future of Great Britain looks promising for buying assets but challenging for selling them.

Canada’s PSP Investments, which will acquire a minority stake in Israel-based furniture maker Keter, said in June that it had bought a 'significant minority interest' in BC Partners-owned Allflex.  

The sale comes as the Bahraini firm, led by Mohammed Mahfoodh Al Ardhi, embarks on its ambitious growth plan.

The London-based firm is currently in market with its eighth flagship fund, targeting €1.6 billion.

The giant fund is following in Carlyle’s footsteps, taking a minority stake in the luxury coat maker.

Firms including HarbourVest Partners and Pantheon were looking at the deal which involved Olympus's 2007-vintage $750m fund.

The firm’s head of Turkey says macro issues are not affecting investment pace, and expects to close 4-5 investments in the next two years.

For self-service kiosk provider Outerwall, Apollo is paying less than the average earnings multiple it has been paying for assets purchased using capital from its Fund VIII.

The Washington, DC-based buyout firm, which focuses on mid-market contractors to the US government, is looking to grow in size: it is targeting $350m for its second fund, up from the $250m target for its debut fund.

The buyout firm, which invests in food and beverage companies, has also closed on its first debt vehicle, which will provide a source of subordinated debt for its fourth fund.