The Carlyle Group announced the firm hired an Ernst & Young veteran from the region to advise the firm’s investments within the country.
The Kuwait Finance Center has launched a new $200m fund focused on the Middle East and Northern Africa.
The French quoted investment group with €6 billion under management has rationalised its business and sold its non-core interests in venture capital and real estate for $214 million to US insurer AIG.
The New York-based firm has expanded its London and New York teams with additions to the firm’s industrial and global industry groups.
London-listed private equity firm 3i is among potential bidders for UK-based estate agency Foxtons, according to a source familiar with the situation. The interest comes three weeks after 3i’s failed Countrywide bid.
On Sunday night, the board of US energy giant TXU gave tentative approval to a record bid from KKR and Texas Pacific Group. The largest-ever LBO includes a key concession to environmentalists, according to reports.
The consortium buying Alexander Forbes, a South African financial services group, has increased its offer despite having agreed the deal three months ago.
As the beleaguered California gatekeeper announces a new ownership structure, CalPERS is committing $800 million to ‘cleantech’ and emerging markets programmes managed by PCG.
As the storm around UK private equity escalates, the workers’ union is organising a fifth strike at 3i-backed car park operator, while it cedes the strategic direction of its campaign to the TUC, a pan union group.
The Providence, Rhode Island-based firm has tripled the size of its previous fund with the closing of its sixth, Providence Equity Partners VI.