The AFL-CIO has sent a letter to TXU shareholders recommending that they approve KKR’s and TPG’s buyout bid, which will be voted on 7 September.
Fresh from its $1.9bn purchase of a CalSTRS logistics portfolio, industrial property investor Prologis has launched four new property funds targeting Europe, Mexico, South Korea and the US.
Sequoia Capital has raised $300 million for a third India venture fund. The new fund is the largest dedicated to India venture capital, according to Sequoia managing director Sumir Chadha.
Novator, the acquisition vehicle of Icelandic businessman Thor Bjorgolfsson, has sold its 65 percent stake in a Bulgarian telecoms company for €1.6 billion to AIG Investments, a year after it bought the business from an Advent International-led consortium.
The private equity firm has acquired a 138,000-square-foot on-site industrial property near Chicago’s O’Hare International Airport.
The Riverside Company, a lower mid-market buyout firm, has bought Nordic manufacturer Keycast as it builds a fully-fledged Nordic team in Stockholm.
CalSTRS may follow in the steps of crosstown rival CalPERS, selling portions of its portfolio through the secondary market. Last month its board approved this – and two other – significant policy changes.
Investment group Pamodzi Investment Holdings has launched Africa’s biggest private equity fund—which will focus on infrastructure and related investments.
Investment company Arcapita has bought window and door company HT Troplast from The Carlyle Group and Advent International two years after the firms bought the company.
Goldman Sachs’ director of media relations for the Americas, Peter Rose, is moving to Blackstone, where he’ll focus on public affairs.