As Texas legislators consider giving the state’s Public Utility Commission power to block the proposed $45 billion buyout of TXU, KKR and TPG have promised to terminate an existing labour subcontracting agreement at the utility company, which has in turn put the electrical workers union in their corner.
Aureos, an emerging markets fund manager, will expand its Latin American operations with the launch of a new fund to invest in the region.
The Boca Raton, Florida-based turnaround private equity firm has closed its sixth fund on $6 billion – a 300 percent increase over its previous fund.
US media and communications specialist Veronis Suhler Stevenson has bought Amstar Entertainment for its platform company Southern Theatres as the group focuses on multiple acquisitions to build value.
Shares in BCE, a Canadian telecoms group, soared today following speculation that the Ontario Teachers’ Pension Plan is talking to potential private equity partners about a $45 billion buyout.
Baring Vostok, the Russian buyout firm that recently closed a $1 billion fund, is reportedly planning to list portfolio company Volga Gas on London’s Alternative Investment Market at the end of April.
Former Goldman Sachs partner Scott Gieselman joins Texas energy private equity specialist Natural Gas Partners as managing director.
Polish buyout firm Enterprise Investors has bought Komfort, the country’s largest retail chain, for €64 million.
Cipio Partners has acquired the majority of Siemens Venture Capital Communications in one of the largest secondary direct portfolio transactions completed in the last few years.
Vintage Venture Partners, an Israeli fund of funds and secondaries firm, has closed its third fund at $125 million.
Index Ventures has led a consortium investing in the internet retailer, Ozon.ru, in partnership with Russia’s biggest private equity firm, Baring Vostok.
At its third annual conference, INREV has named a new chairman, proposed new protocol for due diligence and released European fund returns for 2006.
The global investment bank’s chief executive has confirmed the firm’s private equity arm will target a $20 billion fundraising.
Half of UAE-based Khaleej Finance and Investment’s $200m Indian private equity fund will go into the country’s real estate sector.
Carlyle co-founder David Rubenstein has predicted more IPOs for private equity firms as they grow and their founders age, while Apollo founder Leon Black has acknowledged that his firm and virtually all others are considering public offerings.