John Stomber, chief executive of Carlyle Capital Corporation, has apologised to shareholders about poor communication of portfolio troubles as its parent makes its second loan in a week.
Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.
The US buyout firm has made a growth capital investment in Nagarjuna Construction Company, an Indian business that is set to benefit from the government’s increasing expenditure on infrastructure.
Abu Dhabi Investment House, the state-sponsored investment vehicle, has made two senior hires to spearhead its push into Europe.
Emerging markets buyout firm Aureos is looking to raise a pan-African fund as it aims to double its funds under management.
Venture Production has acquired troubled oil and gas exploration company Wham, shortly after receiving a growth capital investment from FTSE-listed 3i and electric industry specialist Arclight Capital Partners.
The recently unveiled Pan-African Infrastructure Development Fund has received a significant investment from the South African Government Employees’ Pension Fund.
Prudential M&G’s infrastructure arm Infracapital Partners and an unnamed group advised by JP Morgan Asset Management have bought a one third stake in wind farm Zephyr Investments from Arcapita Bank, in the Bahrain-based investor’s second deal this week.
Energy-focussed private equity firm First Reserve will receive $455 million for Ohmstede, a refinery services company it acquired 14 months ago.
The success of buyout firms in South Africa has helped the African region enjoy record private equity investment this year. However, the rest of the continent is far away from reaching the sophistication of its buyout hub, despite significant growth.
The Carlyle Group has moved to shore up its Euronext Amsterdam-listed vehicle Carlyle Capital Corporation, following rival Kohlberg Kravis Roberts’ $500 million bail-out of its investment vehicle for the mortgage market.
Europe’s largest quoted private equity company 3i is investing alongside its listed infrastructure vehicle in a debut Indian infrastructure fund. Together they will account for half the fund’s capital. Third-party investors will fund the remaining $500m.
ArcLight Capital Partners has joined 3i’s growth capital division in the latest funding round for UK listed Venture Production, as buyout firms continue to target the oil and gas sector.
African buyout firm Venture Partners Botswana has fully invested its first fund and it is looking to raise €150m for its second. The fund recently bought a stake in US insurer AON’s Botswana arm.
The Nordic group has told investors that it is planning to add yet another string to its bow, with the launch of a €1 billion infrastructure fund.