Franko Neumetzler, the owner of German lighting company SLV Group, has sold a sizeable part of his majority stake to European buyout firm HgCapital, as he looks to resolve succession problems at the company he founded.
Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.
Sir Richard Branson’s Virgin Group is making its first ever foray into institutional private equity, raising a $400 million Virgin Green fund to invest in renewable energy opportunities.
Indian housing lender HDFC has closed its first real estate fund for international investors—making the firm the largest player in the India private equity real estate space.
John Stomber, chief executive of Carlyle Capital Corporation, has apologised to shareholders about poor communication of portfolio troubles as its parent makes its second loan in a week.
Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.
The US buyout firm has made a growth capital investment in Nagarjuna Construction Company, an Indian business that is set to benefit from the government’s increasing expenditure on infrastructure.
Abu Dhabi Investment House, the state-sponsored investment vehicle, has made two senior hires to spearhead its push into Europe.
Emerging markets buyout firm Aureos is looking to raise a pan-African fund as it aims to double its funds under management.
Venture Production has acquired troubled oil and gas exploration company Wham, shortly after receiving a growth capital investment from FTSE-listed 3i and electric industry specialist Arclight Capital Partners.
The recently unveiled Pan-African Infrastructure Development Fund has received a significant investment from the South African Government Employees’ Pension Fund.
Prudential M&G’s infrastructure arm Infracapital Partners and an unnamed group advised by JP Morgan Asset Management have bought a one third stake in wind farm Zephyr Investments from Arcapita Bank, in the Bahrain-based investor’s second deal this week.
Energy-focussed private equity firm First Reserve will receive $455 million for Ohmstede, a refinery services company it acquired 14 months ago.
The success of buyout firms in South Africa has helped the African region enjoy record private equity investment this year. However, the rest of the continent is far away from reaching the sophistication of its buyout hub, despite significant growth.
The Carlyle Group has moved to shore up its Euronext Amsterdam-listed vehicle Carlyle Capital Corporation, following rival Kohlberg Kravis Roberts’ $500 million bail-out of its investment vehicle for the mortgage market.