Goldman Sachs, Sequoia China, Farrallon and New Horizon are among the firms that have contributed $83 million in ‘strategic equity’ for Skyflying Media, a record financing round for China’s outdoor advertising sector.
The publicly traded merchant bank’s blank cheque company listed today on the American Stock Exchange, making Robert Greenhill the latest high-profile finance professional to jump on the SPAC bandwagon.
Olivier Boyadjian, former head of investments for French buyout firm CDC Capital, will now lead HIG Europe’s Paris office.
The Montreal-based private equity and venture capital firm says its closure of two sector-specific funds is Quebec’s largest private equity initiative to date.
The independent firm renewed its relationship with investors that were interested once it had fully cut its ties to its former parent, the German bank West LB.
On the heels of its $500 million investment in MBIA, Warburg Pincus has agreed to purchase an additional $300 million in shares as part of an oversubscribed $1 billion public offering. A source familiar with the matter told PEO the company is 'wildly undervalued'.
The buyout firm will invest $250 million in Bharti Infatel, an Indian telecom company that has already received $1 billion from private equity and sovereign funds.
The US firm’s eighth fund will continue its 20-year investment strategy, targeting early-stage tech and healthcare companies, with an increased focus on Israeli and Indian deals.
The highly anticipated secondary market sell-off of a portion of CalPERS’ massive private equity portfolio has begun, with publicly traded Conversus acquiring $200 million in mostly special-situation fund interests. Oak Hill and three other firms also purchased fund interests, details of which remain opaque even to secondary market insiders.
The private equity collaborators have committed $450 million to Houston-based oil and gas startup Dynamic Offshore Resources, which is targeting Gulf of Mexico assets.
Linklaters’ banking partners Annette Kurdian and Nick Syson outline the shift to tighter deal terms and structure which began amid last summer’s liquidity crisis and shows little sign of abating.
Despite the slowed LBO market, US pension funds’ private equity appetites are as voracious as ever. Megafunds, mid-market specialists, distressed vehicles, and European and Asia-focussed funds are among the latest recipients of fund commitments.
Investcorp capitalises on investor appetite for growth buyouts as credit markets close the door on mega deals for now.
The publicly listed alternative assets manager will invest in Africa’s natural resources via a joint venture with Tokyo Sexwale’s Mvelaphanda Holdings and Africa-focussed Palladino Holdings.
The San Francisco venture firm has closed what it says is the largest-ever ‘crossover’ fund, a tech-focussed vehicle that is both a hedge fund and a venture fund.