Eurazeo has cancelled plans for an initial public offering of truck rental business Fraikin and is selling the company to CVC Capital while reinvesting $60 million in the new entity.
Led by its in-house direct investment team, the Canadian pension has agreed to purchase four North American container terminals from a Hong Kong seller.
Danish investment firm Sparinvest has closed its fund of funds on $640m, which will invest in property vehicles around the world.
The Dubai fund of funds manager is hoping to be one of the first to offer access to the Indian private equity market via a quoted vehicle with a $100 million float of a fund on AIM, London’s alternative segment.
ING Real Estate has closed its first China-focused opportunity fund on $350m with plans to focus on residential developments in primary and secondary cities.
Ironbridge Capital, an Australian private equity firm that spun out of Gresham Private Equity in 2003, has raised A$1.05 billion for its second fund.
Former Hicks Muse principal and New Jersey pension investment pro Cesar Baez has raised $400m from the California pension to establish an ‘emerging manager’ fund.
France’s state-owned finance institution and one of the country’s largest investors in private equity is in negotiations to free its venture capital subsidiary from the yoke of public ownership.
3i, a London-listed private equity firm, has invested in SVG Capital’s second fund dedicated to private equity-style investments in public companies.
The Swiss alternative assets manager rounds off a spate of activity with the close of its latest European fund of buyout funds on €368m taking the total firepower of its 2006 fundraising to €1.6bn.