US mobile phone service provider MetroPCS has raised $1.15 billion in its initial public offering – the largest amount raised so far by a US IPO this year and an exit for which some of its investors waited more than a decade.
CCMP Capital Asia has been hit with $32 million tax bill from the South Korean authorities, in the latest setback for private equity firms active in the country.
The European Central Bank’s latest report has argued increased regulation of the private equity industry is not necessary, because the impact of a private equity downturn on the wider financial markets would probably be minimal.
Ted Schlein, Kleiner Perkins Caufield & Byers partner, has been elected chairman of the board of directors for the National Venture Capital Association.
Camcor Partners has closed a $200 million venture capital fund, which will invest in the oil sands business.
San Francisco-headquartered Hellman & Friedman has closed its sixth fund on $8.4 billion, days after announcing massive profits from the sale of DoubleClick.
The property arm of the New York-based hedge fund has filed documents for a $200m publicly traded REIT focused on investments in real estate debt.
Canada’s largest communications company, BCE, has announced it is in buyout discussions about a potential $28 billion privatisation.
Venture capital firm TVM Capital has backed two firms in the space of a week, investing $20 million in a UK submarine company and $12 million in a US-based media services group.
India continues to be an increasingly attractive prospect for venture capitalists. The first quarter saw an increase in investment, while the number of successful exits offers further cause for optimism.
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