CCMP Capital Asia and the private investment arm of Ontario’s Teachers’ Pension Plan have overcome heavyweight competition to acquire Yellow Pages in New Zealand for $1.54 billion.
Industri Kapital, a Nordic buyout firm that is preparing to hit the fundraising trail, has taken advantage of the red-hot market for European housebuilders by selling Swedish-based Prevesta for €204 million. The sale will generate a return of more than ten times IK’s initial investment.
Bridgepoint has bought UK retailer Fat Face from Advent International for £360 million, and the educational business of Wolters Kluwer for €728 million. The investments are the firm’s second and third of 2007.
August Equity and Rutland Partners are relinquishing control of their listed trusts to New Star Asset Management, as the UK-based group looks to invest in private equity through a new fund of funds vehicle.
The listed Paris-based private equity group has wrapped up €500m in commitments for its first vehicle for third-party investors.
US and UK buyout firm Hellman & Friedman has bought Kronos, a provider of human capital management solutions, in a deal valued at about $1.8 billion.
The alternative investments arm of Deutsche Bank Asset Management has closed a $775 million secondaries fund, which will also be used for co-investment.
The Silicon Valley venture firm has raised $435m for its ninth fund, on the way to a reported $600m target.
The Silicon Valley venture firm, renown for backing tech startups like eBay and Second Life, has hired former Electronic Arts vice president Mitch Lasky as its eighth partner.
Warburg Pincus, one of the most experienced Asian private equity investors, has strengthened its regional team with the hire of ex-McKinsey director Leo Puri.