Warburg Pincus is to make a full exit from its highly lucrative investment in Bharti Tele-Ventures, the Indian telecommunications company.
Warburg Pincus’ Targa Resources has completed its $2.45bn acquisition of Dynegy’s midstream services business. Hurricane Katrina-related damage to two of the company’s natural gas processing plants had threatened the transaction.
Chicago-based Lake Capital held an $800m close on its latest fund, representing a 60 percent increase over its inaugural, service-industry vehicle raised just three years earlier.
Boston-headquartered private equity firm Advent International has confirmed its intention to continue its Latin American investment activities, announcing today the final close on a new $375 million fund targeting the region.
The Central and Eastern Europe focused firm has fully divested its stake in the Slovakian mobile operator.
Welsh Carson Anderson & Stowe recapitalised Titan Worldwide, investing in a deal that will allow existing investor Catterton Partners to cash out of its five year investment.
Former healthcare hands from Carlyle, Mount Everest and MPM have linked up to launch NGN Capital, a US-German venture fund that closed $100m above target.
On the heels of its successful fundraise for its latest private equity fund, mid-market specialist Audax is preparing to head back into the market with a follow-up mezzanine fund that could aim for as much as $550 million.
The mid-market private equity firm has agreed to sell The Isle of Man Steam Packet Company, the 175 year-old ferry service, to Australia’s Macquarie Bank.
After roughly six months of negotiations with Goldner Hawn Johnson & Morrison, ShopKo has agreed to be acquired by Sun Capital Partners in an $877m deal.