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.
SV Life Sciences has closed its fourth fund on $572m, just under the £300m fund that Abingworth closed last month but far exceeding its original target of $400m.
The affiliate of Kohlberg & Company and Chrysalis Capital Partners has agreed to buy parking and transportation services company Chrysalis Capital Partners.
3i’s listed infrastructure fund, which will float in March, hopes to raise up to £1.3 billion to invest in infrastructure assets in Europe, the US and India.
Swiss alternatives manager Partners Group is acquiring heavyweight US real estate advisor Pension Consulting Alliance.
Investcorp, a Bahrain-based alternative assets manager, has sold APCOA, a car park operator, to Eurazeo, the French investment group in its first deal outside of France.