Piper Private Equity has sold its minority stake in UK Latin American-themed restaurant chain Las Iguanas to Bowmark Capital for £27 million, registering a 6 times return with a 40 percent IRR over five years.
South African casino group Gold Reef Resorts has entered into exclusive talks with an Ethos Private Equity-led consortium, and the bid already has 76 percent shareholder acceptance.
Despite the ongoing problems in the debt markets, Inflexion Private Equity has successfully refinanced the senior debt of the UK-based Ilchester Cheese Company at 2.5 times EBITDA.
Goldman’s Urban Investment Group, along with Pharos and Haas Wheat, purchased healthcare staffing company Nursefinders from Gryphon for an undisclosed amount.
Apollo will reportedly become the second major alternative asset manager to list a portion of its management company on Goldman’s private exchange. The private float is expected to follow sales of minority stakes to Abu Dhabi and possibly CalPERS.
Citicorp Venture Capital has purchased regional US soft drink company Big Red for an undisclosed amount.
Blackstone has surpassed Goldman’s record for the biggest private equity fund raised to date, with the closing of its fifth fund on $21.7 billion.
Kuwait investor Global Investment House has bought Saudi Arabian textile business Ajlan Bin Abdulaziz Al Ajlan & Brothers ’Ajlan. The company’s value corresponds to roughly two thirds of its revenues.
In an unprecedented step Blackstone has revealed its partners’ tax liability in a rebuttal of a US newspaper report.
Hillary Clinton has become the latest Democratic presidential candidate to speak out in favour of carried interest tax reform. Earlier this week ex-Fortress advisor John Edwards slammed a tax code that lets GPs ‘pay taxes at a lower rate than their secretaries’.
Accountant PricewaterhouseCoopers says buyout firm investment is likely to top $10 billion in India this year, as the booming economy continues to attract buyout firms’ interest.
Pamodzi Investment Holdings, a South African black economic empowerment vehicle, has reportedly smashed the record for private equity fundraising in Africa.
Draper Fisher Jurvetson marks the latest stage in its global expansion setting its sights on Europe again, after its flawed attempt in 2000, this time through a stake in Esprit Capital Partners.
Four directors have been appointed at UK government-backed emerging markets fund of funds CDC, as the business continues to diversify its investment activities.
The alternative investment asset manager for Deutsche Bank is seeking out established infrastructure assets for its maiden European infrastructure fund.