Goldman Sachs’ private equity arm has reportedly almost doubled the target for its latest fund to $19 billion, which would make it one of the world’s biggest buyout funds.
The Missouri-based private equity firm simultaneously has announced the fund’s first acquisition of three companies.
The Carlyle Group and Providence Equity Partners have become the new partners for Irish publishing group Independent News & Media in the latter’s listed media business in Australia and New Zealand.
Orlando Italy, an offshoot of the German turnaround specialist set to close a debut €200 million fund, has bought troubled Italian sports label Sergio Tacchini.
US investment agency Overseas Private Investment Corporation is committing $200 million to three private equity funds that will be investing in Jordan.
Ares and Ontario Teachers’ Pension Plan are buying the vitamin retailer for $1.65bn. GNC was previously owned by Thomas H. Lee, Royal Numico and Apollo.
STAR Capital Partners, a UK-based fund that specialises in capital-intensive infrastructure investments, has bought and merged two flight simulator businesses as it continues to tap into the airline industry’s trend towards outsourcing.
Bridgepoint Capital is set for a bumper gain when it floats Safestore, the UK’s largest self-storage provider, on the London Stock Exchange next month. It also plans to retain a “significant shareholding”.
Orchid Asia, a China-focused growth capital provider, has made three times its money in paper gains from the listing of a portfolio company in Hong Kong on 1 February.
US group Bain Capital has agreed a $3.5 billion deal for South African retailer Edgars Consolidated Stores, the largest buyout ever recorded in the country.