The Boston firm’s investment will help FreeWave, a manufacturer of wireless radio technology, improve its product line and expand its market reach.
As private equity in the MENA region shows spectacular signs of health, could the rest of the continent also experience a private equity boom? Toby Lewis reports.
San Francissco-based middle-market firm Genstar has closed its fifth fund on $1.55 billion – more than triple the amount it raised in 2004.
UK government-backed fund-of-funds CDC Group has invested in a microfinance fund, which provides banking services to emerging markets. Microfinance has grown more than seven times in the last ten years.
Warburg Pincus has led the funding round into Ukraine consumer lending business IMB Group, as private equity firms step up their involvement in the country.
US private equity firm Colony Capital has agreed to buy oil refining and distribution company Tamoil from the Libyan government for €4 billion. It is the biggest private equity deal to date for an African-owned company – trumping Bain Capital’s $3.5 billion buyout of Edgars in February.
Istithmar has acquired a majority interest in a hotel being developed in the heart of Bangkok’s commercial district in the latest investment by the firm in the Southeast Asia hospitality sector.
ING Real Estate has acquired a shopping center in Morioka, a city in Japan’s North Honshu island.
The US’ largest pension fund has committed $500 million to Health Evolution Partners, a new private equity firm it created in part to lower the cost of enrollee health benefits. An additional $200 million has been allocated for similarly health-oriented fund of funds.
Fresh details have emerged in Blackstone’s latest pre-IPO filing with the US Securities and Exchange Commission about the long-term nature of its deal with China’s overseas investment vehicle.