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.
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.
The Moukarim family has sold its majority stake in the Nigerian foam mattress company Mouka to emerging markets buyout firm Actis in an effort to resolve succession problems.
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’.
Pamodzi Investment Holdings, a South African black economic empowerment vehicle, has reportedly smashed the record for private equity fundraising in Africa.
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.
Altamar Private Equity, a fund of funds manager with exclusively Spanish investors, has closed the country’s largest fund yet on $575m, underlining investor appetite.
Military wireless communications company Datapath has bought competitor Swe-dish Satellite System from Litorina Kapital, registering a four times return on its investment after seven years.
Venture firm Highland Capital has closed a $300 million, retail- and consumer-focused fund, which will be led by Staples co-founder Tom Stemberg and Ted Philip, a founding member of search engine and web portal Lycos.
The alternative assets manager is capitalising on the booming wealth of the Gulf region with a spate of new buyout, mezzanine and growth capital funds and an almost 50 percent increase in client assets.
The French insurer’s private equity estate ranges from large secondary funds to small venture investments, its latest €353m fund will target small cap transactions.
Apollo Management is reportedly in a dispute over the valuation of the firm in its attempt to sell a 10 percent stake to the Abu Dhabi Investment Authority.