Kuwait investor Global Investment House has bought Saudi Arabian textile business Ajlan Bin Abdulaziz Al Ajlan & Brothers ’Ajlan. The company’s value corresponds to roughly two thirds of its revenues.
The Blackstone Group plans to acquire DJP, a supplier of musculoskeletal and vascular health services and supplies, as an add on for its portfolio company ReAble Therapeutics.
General Catalyst Partners, a US venture capital firm, and Capital Today, a Chinese private equity firm, recently led a $19 million funding round for Tudou.com, one of China’s most popular internet video website.
Kleiner Perkins Caufield & Byers has made a co-investment of $10 million with GTI Group in GloriOil, a company formed by GTI in 2005 to commercialise a biotechnology that increases oil well efficiency.
The Moukarim family has sold its majority stake in the Nigerian foam mattress company Mouka to emerging markets buyout firm Actis in an effort to resolve succession problems.
Los Angeles-based firm IMT Capital has held a final close on $350m for its real estate private equity fund.
The central and eastern Europe specialist has taken the first step in its planned consolidation of the Polish private healthcare market, bolting on Medycyna Rodzinna to its recent acquisition LUX-MED.
In an unprecedented step Blackstone has revealed its partners’ tax liability in a rebuttal of a US newspaper report.
Bahrain-based Investcorp will buy a majority stake in Berlin Packaging, just weeks after the first close on its latest fund.
Hillary Clinton has become the latest Democratic presidential candidate to speak out in favour of carried interest tax reform. Earlier this week ex-Fortress advisor John Edwards slammed a tax code that lets GPs ‘pay taxes at a lower rate than their secretaries’.
ii
ii

Copyright PEI Media

Not for publication, email or dissemination