James Taylor
Google has revealed that its acquisition of YouTube last year netted a return of nearly $500 million for Sequoia Capital, the US venture capital firm behind the video sharing website.
The CVC-led consortium preparing a £9 billion bid for Sainsbury’s, a UK supermarket chain, has been further strengthened after Texas Pacific Group decided to abandon a rival bid and join the group.
Liverpool has become the third English football club to come under US ownership, after accepting a £470 million takeover bid from US private equity veteran Tom Hicks and compatriot George Gillett. The deal will help the club finance a new stadium.
3i will look to raise £1.3 billion by floating an infrastructure fund on the London Stock Exchange, which will acquire 3i’s current portfolio of assets in the sector.
Societe Generale has launched an exchange-traded fund on Euronext designed to replicate the performance of LPX 50 Total Return, an independent index of the biggest listed buyout firms.
Dubai International Capital has withdrawn its proposed £450 million bid for Liverpool, English football’s most successful club side, after the board failed to agree to the terms of its buyout offer.
Abingworth has closed a record £300 million fund, which will target life sciences investments in Europe and North America.
Countrywide shareholders reject 3i’s £978 million take-private bid, leaving the listed buyout firm about £4 million worse off.
The Carlyle Group has recruited North African specialist Hassan El-Khatib as a managing director to bolster its newly formed MENA team in Cairo.
The Private Equity Foundation, a new initiative designed to help the industry co-ordinate its charitable giving, launched in London last night.