The private equity firm beat its combined target of $6.5bn for the two funds. It is the first time Lone Star has raised separate, side-by-side funds for each investment strategy.
The mid-market captive is banking on the business travel market holding firm as it looks to expand the international travel management company ATP.
The diagnostics group has made 60 acquisitions in four years. With the support of a new group of investors, more are in the pipeline.
The development-focussed bank, which makes private equity style investments, has appointed a temporary replacement while it looks to a successor.
A portfolio company owned by the two Canadian private equity firms will pay $195m for Strawberry Shortcake and Care Bears, two US cartoon properties wildly popular in the 1980s. The deal also includes the acquisition of Sushi Pack, a Saturday morning cartoon, and DIC Entertainment.
The FTSE 100 private equity firm is backing Soya Concept a value-based proposition in women’s fashion. The retail investment adds to fashion brand Hobbs, underwear chain Agent Provocateur and AP Bags, three of 3i's investments.
The Africa-focussed firm made proceeds of some $99m in a private placement preceding Starcomms’ listing on the Nigerian Stock Exchange. Emerging markets focussed-Actis also exited its investment in the company.
Richard Laing, chief executive of the UK government’s fund of funds investor in emerging markets, says the mission to reduce poverty is central to CDC’s investment thesis. Latest commitments to Indian managers underline the strategy.
The DLJ spin-out is backing London-based Hansa Hydrocarbons, an oil and gas exploration and production company, with an investment from its $2bn debut fund, closed last year.
The two funds have offered to buy all outstanding shares of TransAlta, a Canadian energy company that recently sold assets to an AIG- and Teachers’ Private Capital-backed portfolio company.
The global buyout firm shows no sign of slowing with an acquisition for one of its portfolio companies taking it to seven deals in Europe, and 16 globally this year.
Private equity firms are pursuing growth strategies in Emerging Europe, with Poland and Romania expected to take the lion’s share, writes Nicholas Lockley.
The $108.5bn Canadian pension has elevated seven executives, three of whom lead private equity deals for Teachers’ Private Capital.
The smaller mid-market shop has again closed a fund that was more than two times oversubscribed, more than doubling the size of its previous fund as well as capital under management.
The French buyout firm has bought a controlling stake in Altares with a plan to support the business’ growth through acquisitions.