Dubai-based buyout firm HBG Holdings is approaching the final close of its pan-regional fund, which is targeting infrastructure investments in Pakistan and retail growth capital investment in India as well as the Middle East.
Novator, the acquisition vehicle of Icelandic businessman Thor Bjorgolfsson, has sold its 65 percent stake in a Bulgarian telecoms company for €1.6 billion to AIG Investments, a year after it bought the business from an Advent International-led consortium.
The Riverside Company, a lower mid-market buyout firm, has bought Nordic manufacturer Keycast as it builds a fully-fledged Nordic team in Stockholm.
CalSTRS may follow in the steps of crosstown rival CalPERS, selling portions of its portfolio through the secondary market. Last month its board approved this – and two other – significant policy changes.
Investment company Arcapita has bought window and door company HT Troplast from The Carlyle Group and Advent International two years after the firms bought the company.
Goldman Sachs’ director of media relations for the Americas, Peter Rose, is moving to Blackstone, where he’ll focus on public affairs.
The capital markets arm of Guggenheim Partners, an asset management firm, has received a licence in the run up to the opening of its Dubai office in the autumn, to join the international throng descending on Dubai.
Swiss asset manager Partners Group believes that mezzanine funds may benefit from the recent jitters in the credit markets.
Franklin Templeton Investments’ buyout arm has launched the largest mezzanine fund in central and eastern Europe.
Lehman Brothers’ private equity arm has hit its $500m fundraising target for a listed fund of funds despite planned flotations of other alternative asset vehicles being knocked off course.
Dutch wireless audio company STS has had its first ever venture backing from Kennet Partners, as companies in the wireless space continue to attract venture funding.
Piper Private Equity has sold its minority stake in UK Latin American-themed restaurant chain Las Iguanas to Bowmark Capital for £27 million, registering a 6 times return with a 40 percent IRR over five years.
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.
Despite the ongoing problems in the debt markets, Inflexion Private Equity has successfully refinanced the senior debt of the UK-based Ilchester Cheese Company at 2.5 times EBITDA.
Goldman’s Urban Investment Group, along with Pharos and Haas Wheat, purchased healthcare staffing company Nursefinders from Gryphon for an undisclosed amount.