The addition of former Skanska Infrastructure Development chief Simon Hipperson comes as the firm continues to build its team amid a reported $10bn fundraising effort.
The Dubai Government-backed investment firm’s emerging markets arm has purchased a 45 percent stake in KEF, the Middle East’s first fully automated steel castings foundry.
The £132.5m sale comes as the UK’s Competition Commission is threatening to force the Spanish infrastructure investor to sell three airports owned by British Airport Authority, which it acquired in 2006.
Amid tough fundraising conditions for first-time funds, the CVC and Permira spin-out fell shy of its £250m target but rounded up commitments from big fund of funds players including Pantheon and OXIP.
Bob Stefanowski, a 14-year General Electric veteran who most recently headed the firm’s European corporate finance division, will lead 3i’s push into North American growth and infrastructure investments.
SVG Asia’s first fund of funds has already made commitments to managers including CVC, Navis, Affinity and Actis. Its investment activities will be headed by former Hermes Private Equity executive Khim Tan.
The mega-buyout firm has also closed its distressed financial services fund with roughly $6bn in commitments, and rounded up roughly $4bn for the final close of its Asian fund.
The UK bank’s private equity division has augmented its chemicals portfolio, backing the £129m management buyout of Warwick International.
The US private equity firm is raising its first India-dedicated real estate fund, following a significant allocation in India from its previous $2.5 billion global fund.
In a bid to consolidate the industry at the start of a ‘nuclear fuel cycle’, the US energy industry specialist has recruited two veterans of nuclear power to form Accord Nuclear Resources, a platform from which to build an integrated nuclear fuel supplier.
Gautam Bhandari, previously part of the bank’s investment banking division in New York, is moving to Mumbai to head up Morgan Stanley Infrastructure as it seeks to invest part of a $4bn global fund in India, the Middle East and Sub-Saharan Africa.
Creating a dedicated website explaining the firm’s approach to corporate responsibility is just another natural step in the evolution of a private equity firm, says Patrick Dunne, the global firm’s communications director.
The emerging markets specialist has executed another African PIPE deal, this time taking part of Tunisia’s largest listed company.
Madrid-based infrastructure and real estate developer Accion is selling a 75 percent stake in its funeral services company, valuing the business at €330m.
The UK-listed private equity firm has drawn on talent from the European Bank for Reconstruction and Development to staff its Central and Eastern Europe team.