Tata Group, one of India’s biggest industrial conglomerates. is buying Glaceau from San Francisco-based TSG Consumer Partners for $677m, generating a multiple of a roughly 14 times over just three years.
Alpha Associates, a Swiss private equity fund of funds manager, has raised €109m for a first close of its €300m targeted second Central and Eastern Europe-focused fund of funds.
CAI Capital Partners, further building up its oil and gas portfolio, has agreed to acquire Canadian company GLM Tanks & Equipment from Tanglewood Investments.
The Pennsylvania-based real estate investment firm has already committed approximately a third of its new vehicle and expanded beyond the mid-Atlantic region with its first buy in Chicago.
Private equity firm American Capital has agreed to provide $21m to bankrupt New York art gallery Berry-Hill, a loan secured by the gallery’s art inventory and real-estate assets.
The two global buyout firms have found a route back into the Philips’ semiconductor deal which KKR and its consortium tied up at the beginning of August.
Genstar Capital has acquired OnCURE Medical Corp., which owns and operates radiation treatment centres in California and Florida.
As LPs get comfortable with Asian property, a recent private equity real estate fund has raised more than $500m to invest in Indian real estate—and is widely thought to be one of the largest co-mingled vehicles focused on the subcontinent. By Aaron Lovell.
Dunedin Capital Partners has backed a £30m secondary management buyout of Capula, an IT systems integrator acquired by Bridgepoint in September 2000.
Robert Johnson’s second hospitality fund will have $2.5bn in buying power, most of which will be used to acquire a $1.7bn hotel portfolio from White Lodging Services.