Bank of America has jumped on the private equity bandwagon, filing forms with the SEC for a $1bn private equity fund.
Following the recent spike in gold prices, Norwest Equity Partners portfolio company Aurafin, a gold jewellery maker, has received $140 million in financing from several banks.
Lime Rock Partners, a Connecticut private equity firm, today announced the closing of its fourth energy-focused fund on $750m, nearly as much as its three previous funds combined.
The Robert Bass-led buyout shop acquired the company, which operates travel stops along US highways, for $731m in 2000.
CDC has boosted its commitments in India by $104 million and invested in three private equity funds since March.
Three groups led by Terra Firma Capital Partners, UBS and Macquarie are understood to have made formal offers in the auction for Thames Water, a UK water company owned by German utility RWE.
Helion Venture Partners has raised $140 million for its debut India-focused venture fund from which it has made a $2.2 million investment in a software company.
Onex, one of Canada’s largest companies and a publicly traded private equity firm, announced that it has closed its second large-cap private equity fund at $3.45bn.
Kendall Court Capital Partners has closed its maiden mezzanine fund on $90m, with commitments from CDC, Citigroup Venture Capital International and TIF Ventures.
Nine funds have raised $1.5 billion in the MENA region in the first half of 2006, compared to $5.8 billion in total for the period between 1994 and 2005.