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.
FTSE 100 listed 3i had a 61 percent IRR and a 3.9 money multiple on the sale to Three Delta of a company it first invested in 10 years ago, Care Principles.
A detailed report by KPMG and the Gulf Venture Capital Association has revealed the extent of the boom in the MENA region, Toby Lewis examines the figures.
Morgan Stanley Alternative Investment Partners has closed its first distressed debt fund of funds, as the bank continues to expand its private equity activities after pulling out of the market in 2004.
US firm JMI has doubled the size of its previous fund – and its capital under management – with the closing of its sixth fund on $600 million.
Millennium Technology Ventures has bolstered its senior investment team as its founders prepare for a spike in secondary opportunities they expect from an eventual market downturn.
Investment bank Barclays Capital has appointed veteran buyout manager John Lovering as vice chairman. Lovering has played a key role in some of the UK’s most successful private equity deals, although his stellar reputation has been blemished slightly by the recent travails of Debenhams, the UK retailer he chairs.
Recently-listed private equity stocks are under-performing on both sides of the Atlantic, casting doubt on the future ability of buyout firms to tap the public markets for additional capital.
Fortress Investment Group has closed on third party commitments worth $5 billion for its latest two private equity funds.
The Robert Bass-led firm has strengthened its aerospace portfolio with the acquisition of air cargo company Southern Air. The deal puts the firm on track to own 22 freight aircraft.
KKR’s first Asia-dedicated fund is set to close soon with $4 billion of commitments, according to a SEC filing ahead of its $1.25 billion initial public offering.
A Delaware court has ordered the Beverly Hills private equity firm to pay $20.5 million for terminating its agreement to acquire Rohn Industries.
Swedish buyout firm Litorina Kapital has bought swimming pool equipment company Pahlén. It is the second investment from its third fund, which recently held a first close.
US retailer The Container Store has agreed to be sold to Los Angeles-based Leonard Green & Partners.
A Cornerstone Partners-led consortium of three firms has sold Polish private healthcare operator Lux-Med to Mid Europa Partners, after quadrupling the number of patients on the company’s books.