Fundraising

The Boston middle-market Bain spin-out has closed its third private equity fund on $1 billion.

Nordic private equity firm EQT is chasing down the final cheques from “friends and family” investors in its industrial network for its second mezzanine fund, which could see it close on almost €500 million, a regional record.

Moscow-based Alfa Capital Partners has closed its debut private equity fund on $200 million to invest in Russia and Ukraine.

The UK-based private equity group has formally launched its €2.4 billion offer for music company EMI, soon after closing its biggest ever fund. The offer also sets a deadline for any competing bids.

J.E. Robert Companies and co- fund manager Alfa Capital Partners has attracted the European Bank for Reconstruction and Development as an investor.

The Dallas-based buyout shop is set to sell US meatpacking firm Swift & Company to Latin America’s largest beef processor in a $1.4 billion transaction. HM says it began strategic discussions well before Swift suffered six major immigration raids.

As revealed by PrivateEquityOnline earlier this month, EQT Partners has closed its latest fund over a third above its initial expectations, at the same time rebranding the former mezzanine debt investment team as an expansion capital buyout group.

Terra Firma has closed its third fund, as its agreed £2.4 billion offer for EMI continues to be the subject of market speculation.

The New York firm, led by former Forstmann Little pro Steven Klinsky, has set a target of $3 billion for its next private equity fund as LPs clamour for allocations.

Southern Cross Ventures Partners is an early stage venture firm that aims to bring Australian innovations to Silicon Valley. It has raised A$170 million, A$30 million shy of its final target.