The jointly-managed Korea Emerging Infrastructure Fund will make private equity and mezzanine investments in private companies within Korea’s transportation, environmental, logistics, energy and utilities sectors.
A joint venture between Walton Street and Westbrook Partners has acquired The Drake Hotel, which has played host to everyone from Queen Elizabeth to Hollywood royalty.
The second quarter of 2006 saw VC investment hit a five-year high with a surge of interest in healthcare deals. But there is still fear that if the IPO market doesn’t improve, investors could see a repeat of 2000. Dave Keating reports.
PCCW has terminated talks with TPG-Newbridge and Macquarie Bank, both of whom were vying for PCCW’s telecommunications and media assets.
The Morristown, New Jersey-based opportunistic investor expects the fund, which has $600 million in buying power, to be fully invested within the next year.
Bain Capital, The Blackstone Group and Pacific Equity Partners are joining a consortium of buyout firms that has approached Coles Myer with a takeover offer.
UK affiliate of US placement agent Monument Group has hired Laurence Zage from Helix Associates to develop its business.
First Reserve, a US-based energy investor, has strengthened its domestic and London offices. The firm is expected to close its eleventh fund on $8bn in the next few weeks.
Beirut-based Corporate Finance House has announced a first close for its new property fund focused on the Middle East.
GI Partners, a trans-Atlantic private equity firm, has raised $1.45bn from investors including CalPERS, ATP and Abu Dhabi Investment Authority.