Stormberg Partners founder Michael McKinlay has been appointed executive director of Ithmaar Bank’s private equity team.
The newly formed lobbying group has released its first white paper in defence of private equity, coinciding with the first day of the Senate Finance Committee’s hearings on the taxation of carried interest.
The Stamford, Connecticut-based firm plans to continue providing expansion capital for the healthcare industry, without the use of debt.
Altamar Private Equity, a fund of funds manager with exclusively Spanish investors, has closed the country’s largest fund yet on $575m, underlining investor appetite.
Egyptian buyout firm Citadel Capital Company has signed a deal to bolt on Canadian-listed oil company Rally Energy to the National Petroleum Corporation.
A consortium led by The Carlyle Group is buying a 36.6 percent stake in Ta Chong Bank, overturning the bank’s distaste for a private equity suitor.
Water Street Healthcare Partners has financed the merger of gastroenterology diagnostic device manufacturer Alpine Biomed and the neurological diagnostic device business of Medtronic.
3i said today it had already invested half of the £700 million listed infrastructure fund it raised in March, after buying a minority stake in three oil tank storage operations.
Military wireless communications company Datapath has bought competitor Swe-dish Satellite System from Litorina Kapital, registering a four times return on its investment after seven years.
Israeli real estate firm AFI Europe has purchased a €76.5m Bulgarian property as interest in the country grows.