SG Capital Europe and Quartus are enjoying an exit after just two years, as DruckChemie looks to strong growth in the stagnant printing sector. It was 3i's third deal this week.
The firm is increasing its capacity to invest in South and Southeast Asia where there is 'substantial demand' for power and transport infrastructure.
The firm's private equity funds generated $50m in pre-tax distributable earnings, 64 percent less than the first quarter of 2007, while private equity assets grew 55 percent to $13bn.
In a significant move by the Chinese government, the country's National Social Security Fund has been allowed to invest in non state-backed domestic private equity funds.
The California pension has also reported commitments to Advent, Audax and Huntsman Gay.
The energy-focussed private equity firm has nearly doubled the size of its previous fund in a three month period that involved ‘very little proactive marketing’.
The Atria West office complex situated in Los Angeles, California’s Santa Monica Boulevard, has traded hands for $47m.
A Florida-based affiliate of Barry Sternlicht’s Starwood Capital has hired Cory Boydston as its new senior vice president.
The firm’s Strategic Partners Asia II Fund has partnered with HKC to develop a project in Tianjin, China.
BTS Investment Advisors’ India-focussed fund has acquired an undisclosed stake in an Indian drug provider to fund the company’s next stage of growth.