The Credit Suisse affiliate has made its third waste industry investment with the acquisition of Deffenbaugh Industries, a waste services company in the Midwestern US.
A new tax on carried interest would be ‘a lot bigger than just private equity’, according to Phillips Hinch, a tax specialist with the US Chamber of Commerce, which recently released the second half of its study on proposed policy changes to carried interest taxation. Hinch tells PEO why the chamber opposes a change to carried-interest tax policy.
The UK mid-market firm has closed its fourth fund above its initial £200 million target. It’s the firm’s first independent vehicle since spinning out of F&C Asset Management in 2005.
Dubai International Capital has jointly raised a $300 million infrastructure and energy fund with two other firms as the Middle Eastern investor continues at a frenetic pace.
Former US Vice President Al Gore has become a partner at Kleiner Perkins, as part of a joint venture to back greentech companies along with Gore’s environment-focussed investment firm, Generation Investment Management.
TA Associates has made a four times return from the sale of SmartStream Technologies to Middle Eastern firm DIFC Investments after deciding against an initial public offering.
Emerging Capital Partners, in partnership with Truffle Capital, has acquired a third African mining company with its $53 million purchase of Morocco’s Compagnie Miniere de Touissit.
Dubai-based distressed specialist HBG Holdings has held a second close on $120 million for its Middle East and South Asia-focussed fund. It is expected to close this year with commitments ‘north of $200 million’, more than double its initial target.
Private equity investment behemoth AlpInvest has recruited a trio of secondaries specialists to strengthen its teams in New York and Amsterdam.
The House of Representatives has narrowly passed a bill that aims to raises taxes on private equity and hedge fund managers by roughly $48 billion. The bill now heads to the Senate, and if approved, is likely to be vetoed by President Bush.
US retailer Restoration Hardware has agreed to a $267 million buyout by consumer-focussed private equity firm Catterton Partners.
3i, the global private equity firm, remains bullish despite credit market turbulence. It argued that the doubling of its level of investment was due to an upward creep in average deal size and not to lack of investment discipline.
CDC, the emerging markets fund of funds, has backed South African mid-market growth capital firms Horizon Equity and Medu Capital. South African private equity has boomed with the support international investors.
European mid-market firm Bridgepoint has sold Alliance Medical to Dubai International Capital, as the investment firm continues a flurry of acquisitions.
Carlyle’s first infrastructure fund has garnered more than $1 billion in commitments. It will invest in transportation and water projects in the US and Canada.