Abingworth has closed a record £300 million fund, which will target life sciences investments in Europe and North America.
SIDBI Venture Capital and Clearstone Venture are investing a combined $6.5 million into a mobile device designing and manufacturing startup, DGB Microsystems. The startup’s founder and associates are putting in $2 million of their own money.
Countrywide shareholders reject 3i’s £978 million take-private bid, leaving the listed buyout firm about £4 million worse off.
The Carlyle Group has recruited North African specialist Hassan El-Khatib as a managing director to bolster its newly formed MENA team in Cairo.
The Private Equity Foundation, a new initiative designed to help the industry co-ordinate its charitable giving, launched in London last night.
Fundraising could reach a record $500 billion in 2007, setting yet another new record after last year’s all time high.
Franklin Templeton’s private equity arm has appointed Sean Wallace, who left JP Morgan earlier this month, to lead Darby Asia from Hong Kong.
3i has launched a new growth capital team in the US, as it looks to repeat its European success in the competitive mid-market space.
Deutsche Bank’s asset management arm has continued the reorganisation of its alternative investments platform by taking a small stake in Aldus Equity, a US-based private equity investment and advisory firm.
The private equity world could see another record broken if KKR and Texas Pacific group are able to acquire energy company TXU Corporation for $45bn, surpassing the $39bn Equity Office deal.