Tom Gores’ Platinum Equity plans to buy Ryerson, a distributor and processor of metals.
Hermes Private Equity has secured a £300m commitment for a new direct private equity fund from the BT Pension Scheme.
Alternative assets returned 27.6 percent to CalSTRS last fiscal year. Though less than last year’s 32 percent return, CalSTRS’ alternative assets outperformed the portfolio as a whole by around 7 percentage points.
Carlyle Capital Corporation announced a reduction in the scope of its planned Euronext IPO in reaction to volatility in the subprime loan market.
US bank Morgan Stanley has appointed Graham Keniston-Cooper European private equity head, as the buyout firm veteran returns a year after Lazard pulled the plug on his private equity unit.
SVG Capital has had the final close of its latest public equity investment fund, after its last fund delivered an IRR of 46 percent to investors.
European buyout firm Permira has sold Takko, a German fashion discount chain, to Advent International for €770 million. The deal comes as Permira looks to sell another retail asset – UK high street chain New Look.
Dice, the online recruitment business owned by General Atlantic and Quadrangle Group, floated at the top of its expected price range and saw its shares climb even higher in early trading.
Nordic buyout firm EQT Partners is to float Tognum, an engineering company it bought in March last year, on the Frankfurt Stock Exchange. It will be the largest IPO in Germany in seven years.
Hanns Ostmeier has stepped down from The Blackstone Group to chair the German Venture Capital Association’s new mega-buyout platform.