The global private equity firm is demonstrating a penchant for investing in other firms’ funds. But don’t expect it to launch a fund of funds operation just yet, reports Andy Thomson.
Armed with its new €5.8bn buyout fund, pan-European LBO house BC Partners has hired Nikos Stathopoulos from Apax and Giampiero Mazza from Englefield.
Through its portfolio company Targa Resources, the global private equity firm has announced the acquisition of the midstream energy business of Dynegy for approximately $2.4bn.
In its third exit in two months, San Francisco-based Gryphon Investors, along with Crosslink Capital, has sold sales training provider Miller Heiman to private equity firm Leeds Weld, generating a return of more than 5x its initial investment.
The Group, a new United Arab Emirates private equity firm, has been set up to invest AED200m in the region.
The private equity firm has agreed to purchase $1.8bn of New York City property from real estate mogul and TV personality Donald Trump.
The $32m financing of India’s largest private shipyard is the latest in a series of infrastructure-related deals that have seen domestic private equity funds scrambling for a slice of the action.
Venture capitalists coming off the telecom and networking highs of yore are seeing new growth opportunities for the semiconductor industry in rapidly expanding consumer technology segments, particularly in Asia.
All is not peace and harmony between Russia and the US in Europe’s Black Sea region. But investment groups from the two countries have joined forces to prove that co-operation is possible when money – not politics – is the motivation. Andy Thomson reports.
The UK mid-market private equity firm has announced changes to its senior management team, with Chris Dowling stepping down as managing partner.