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The Houston energy-sector investor’s fourth fund follows its participation in the raising of Quantum Resources, a $1.2bn oil and gas reserves fund, with Aspect Energy in October.
The publicly traded merchant bank has committed $30m to Stroz Friedberg, which will use the money for employee incentives and to expand its geographic reach.
Liverpool has become the third English football club to come under US ownership, after accepting a £470 million takeover bid from US private equity veteran Tom Hicks and compatriot George Gillett. The deal will help the club finance a new stadium.
The US financial services giant has closed its latest buyout fund $800m ahead of target as it looks to leverage its relationships with buyout firms for co-investment opportunities.
$401 billion raised worldwide – buyout alone accounts for $204 billion. Private Equity Intelligence’s 2007 Global Fundraising Review reveals the success that private equity firms had in raising new funds in 2006.
The global private equity firm has offered to acquire EGL, a Houston-based transportation and logistics company that is 18 percent owned by its founder.
New Jersey-based firm GSC Group has closed its third control-oriented fund on $530m.
Industri Kapital has made 2.5 times its investment on the sale of Gardena, a gardening tools manufacturer, for €730 million.
The global insurer’s fourth fund of funds vehicle closed well in excess of both its $400m target and its $239m predecessor.
The Hong Kong based, pan-Asia private equity firm found half of its new capital among European LPs.
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