Kohlberg Kravis Roberts has sold Cleanaway after just 11 months, reportedly making a A$250 million profit.
The US firm has raised a fund six times larger than its predecessor vehicle focused on European real estate.
Black economic empowerment specialist Sphere has bought a 35.8 percent stake in software company Barone, Budge and Dominick. The software company had been looking for a business partner committed to the South African governmental programme designed to promote racial equality.
A rising share price has derailed Brait’s plans to delist South African retailer Shoprite from the Johannesburg exchange.
Macquarie and TPG’s Airline Partners Australia consortium has quashed hopes of an improved bid for the airline, after the company’s board said another offer would need to be higher.
On the eve of its IPO, Indian developer The DLF Group is reportedly looking to tap foreign investors for three funds to focus on infrastructure, luxury hotels and townships.
Carlyle is set to become the latest private equity firm with shares of an affiliate, Guernsey-based investment company listed on Amsterdam’s Euronext exchange. It has already raised $600 million for the vehicle, and expects the public offering to raise an additional $400 million.
SGAM Alternative Investments has closed its fourth fund in eastern Europe at €156 million ($211 million), above its initial target. The fund will target mid-market deals right across the region.
Fortress has completed a $2.84 billion closing on its latest fund with a $5 billion target. The publicly traded alternative investment firm simultaneously announced a $3.5 billion deal.
Taking advantage of the downturn in the sub-prime market, the Dallas-based private equity firm has acquired Accredited Home Lenders for $400m.
In the October 2006 issue of Private Equity International, we produced a selection of the 30 most influential lawyers in global private equity. Here, we remind our readers of some of the legal world's most valued practitioners.
Buyout firm Industri Kapital has exited from Elektrokoppar after nearly 10 years invested in the company and several difficult economic cycles in the copper industry.
US middle market buyout shop Olympus has closed its fifth fund on $1.5 billion.
European mid-market firm Doughty Hanson enjoys successful fundraising after setback of abandoned quoted fund last year.
KKR’s Euronext-traded affiliate has invested $167.4 million in convertible preferred stock of Japanese credit card firm Orient. It is the publicly traded vehicle’s second PIPE.