The US’ largest pension fund has committed $500 million to Health Evolution Partners, a new private equity firm it created in part to lower the cost of enrollee health benefits. An additional $200 million has been allocated for similarly health-oriented fund of funds.
A consortium of big-name banks, hedge funds and private equity firms has increased by 2.5 percent its offer for higher education provider Laureate. The board-agreed amendment increases the price-per share to $62, up from $60.50.
Nordic private equity firm EQT is chasing down the final cheques from “friends and family” investors in its industrial network for its second mezzanine fund, which could see it close on almost €500 million, a regional record.
The Dallas-based buyout shop is set to sell US meatpacking firm Swift & Company to Latin America’s largest beef processor in a $1.4 billion transaction. HM says it began strategic discussions well before Swift suffered six major immigration raids.
As revealed by PrivateEquityOnline earlier this month, EQT Partners has closed its latest fund over a third above its initial expectations, at the same time rebranding the former mezzanine debt investment team as an expansion capital buyout group.
Terra Firma has closed its third fund, as its agreed £2.4 billion offer for EMI continues to be the subject of market speculation.
EMI’s share price rose further above Terra Firma’s £2.4 billion accepted offer price, as the markets reacted to rumours of two possible counter-bids.
AIM-listed Evolvence India Fund has backed its seventh Indian private equity fund as investors warm to buyout firms in the booming Indian economy.
TPG has reportedly acquired Indonesian Bank Tabungan Pensiunan Nasional as the US buyout firm increases its investments in the country.
With the closure of its second energy fund on $3.1 billion, LS Power’s 5-year old private equity arm has become one of the world’s 50 largest private equity firms.
Turnaround specialist KPS has closed its third ‘special situations’ fund on $1.2 billion, after receiving commitment requests of more than quadruple its $1 billion target.
The Blackstone Group’s fourth fund has “shot the lights out”, according to one investor, making more than $15 billion in profit for its investors. The $6.45 billion fund has enjoyed a string of big wins.
The US firm has raised a fund six times larger than its predecessor vehicle focused on European real estate.
The investment arm of SVG Capital has closed its latest structured fund of funds €200 million ahead of target, while introducing innovation in the fund’s gearing.
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.