The Africa-focussed firm made proceeds of some $99m in a private placement preceding Starcomms’ listing on the Nigerian Stock Exchange. Emerging markets focussed-Actis also exited its investment in the company.
Richard Laing, chief executive of the UK government’s fund of funds investor in emerging markets, says the mission to reduce poverty is central to CDC’s investment thesis. Latest commitments to Indian managers underline the strategy.
The DLJ spin-out is backing London-based Hansa Hydrocarbons, an oil and gas exploration and production company, with an investment from its $2bn debut fund, closed last year.
The two funds have offered to buy all outstanding shares of TransAlta, a Canadian energy company that recently sold assets to an AIG- and Teachers’ Private Capital-backed portfolio company.
The global buyout firm shows no sign of slowing with an acquisition for one of its portfolio companies taking it to seven deals in Europe, and 16 globally this year.
Private equity firms are pursuing growth strategies in Emerging Europe, with Poland and Romania expected to take the lion’s share, writes Nicholas Lockley.
The $108.5bn Canadian pension has elevated seven executives, three of whom lead private equity deals for Teachers’ Private Capital.
The smaller mid-market shop has again closed a fund that was more than two times oversubscribed, more than doubling the size of its previous fund as well as capital under management.
The French buyout firm has bought a controlling stake in Altares with a plan to support the business’ growth through acquisitions.
DLJ founder Richard Jenrette is the latest veteran of the investment bank to join the publicly-listed alternative asset manager, re-teaming with former colleague and current Blackstone president Tony James.
The US’ second largest pension fund has allocated $1bn to the growing asset class with California’s infrastructure needs to be given preference.
The Nordic special situations firm has seen an opportunity in a Swedish farmer-owned retailer, which sells to pet lovers, householders and farmers.
The mid-market continues to provide investment and realisation opportunities for the global firm. Philip Yea, its chief executive stressed the importance of remaining selective.
The Middle East firm is buying CEME Group from Barclays Private Equity in a mid-market secondary buyout. Management is rolling over its investment.
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud’s investment company is the cornerstone investor in Kingdom’s second pan-African fund, which is targeting $500m. The firm is looking to back businesses operating in more than one country.