GMT Communication Partners has bought a construction information business from Candover and Cinven-backed Springer Science & Business Media. The firm will merge this business with portfolio company Docu Group to create Europe’s biggest provider of business information.
As revealed by PrivateEquityOnline earlier this month, EQT Partners has closed its latest fund over a third above its initial expectations, at the same time rebranding the former mezzanine debt investment team as an expansion capital buyout group.
Terra Firma has closed its third fund, as its agreed £2.4 billion offer for EMI continues to be the subject of market speculation.
Mekong Capital, a Vietnam-focused private equity firm, is investing in a mobile phone retailer that has captured a 20 percent market share in Ho Chi Minh City since it was founded in 2004.
EQT has sold its remaining stake in Symrise, a German flavouring business. With a total return of about €1.1 billion, the investment has proved to be one of the most successful European private equity deals to date.
EMI’s share price rose further above Terra Firma’s £2.4 billion accepted offer price, as the markets reacted to rumours of two possible counter-bids.
Aberdeen Property Investors, the Sweden based property division of Aberdeen Asset Management, joins the rush into Russia by opening an office in St Petersburg and raising its inaugural Russia fund.
The New York firm, led by former Forstmann Little pro Steven Klinsky, has set a target of $3 billion for its next private equity fund as LPs clamour for allocations.
The investment vehicle of Qatari property investment fund Three Delta has upped its stake in Sainsburys.
French private equity firm Axa has sold a French roofing business from its buyout fund III portfolio to a publicly-listed British construction and supplies company.