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.
The Africa-focused firm earned a 3.4x return on its investment in rubber company Societe Internationale de Plantations d’Heveas – the latest in a series of successful exits on the continent.
The Carlyle Group is preparing a $22 billion takeover bid for UK cable TV and mobile phone business Virgin Media, as it looks to replicate the success of its previous European investments in the sector.
The Pennsylvania State Employees’ Retirement System has approved nearly $60 million in new commitments, $30 million of which is earmarked for Advent’s latest Latin American fund.
Italian venture capital firm Innogest has overcome investor scepticism to close the biggest Italy-focused seed and early stage fund to date.
Battery Ventures has completed a$137 million take-private of Quovadx, a software and software services firm formerly listed on NASDAQ, for $136.7 million.
The three buyout firms behind last week’s merger of UK companies the AA and Saga have moved to address concerns about a lack of transparency by releasing additional financial details of the £6.15 billion deal.
3i’s US arm has bought a stake in a Bermuda-based hedge fund administrator, in the latest move in an active year for the firm.
One of the most longstanding teams of private equity investors in the market, Citigroup Venture Capital, has raised the largest spin-out fund yet as Court Square Capital Partners.