Emerging markets buyout firm Actis has bought freight company Fuel Logistics Group from a Rand Merchant Bank-led consortium, allowing the transport company to meet its Black Economic Empowerment objectives.
Nigeria’s Intercontinental Bank has received a growth capital investment from a consortium of five firms, indicating invetors’ favourable response to the country’s first democratic transferral of power.
Earlier this week, two of the largest US pensions announced their investment gains for the last fiscal year—including another year of strong returns from property.
Citi Alternative Investments has completed its acquisition of Old Lane Partners, a $4.5 billion hedge and private equity fund manager launched last year by Morgan Stanley alumni.
The London-listed group has completed a management buyout of UK investment manager and financial advisor Bestinvest. It believes the prospects for organic growth are strong in a rapidly growing sector.
Hermes Private Equity has secured a £300m commitment for a new direct private equity fund from the BT Pension Scheme.
US bank Morgan Stanley has appointed Graham Keniston-Cooper European private equity head, as the buyout firm veteran returns a year after Lazard pulled the plug on his private equity unit.
SVG Capital has had the final close of its latest public equity investment fund, after its last fund delivered an IRR of 46 percent to investors.
Nordic buyout firm EQT Partners is to float Tognum, an engineering company it bought in March last year, on the Frankfurt Stock Exchange. It will be the largest IPO in Germany in seven years.
Hanns Ostmeier has stepped down from The Blackstone Group to chair the German Venture Capital Association’s new mega-buyout platform.
The Pennsylvania State Employees’ Retirement System has approved nearly $60 million in new commitments, $30 million of which is earmarked for Advent’s latest Latin American fund.
Litorina Kapital has bought Securia Systems, a personal insurance and protection company that has enjoyed 90 percent sales growth over the last two years.
The orthopedics- and dental-focused private equity firm has closed its second fund on $420 million – more than double the size of its debut vehicle.
Global Infrastructure Partners has bought a 25 percent stake in Indian port facility Chennai Container Terminal from three Indian companies, in one of its first emerging markets investments.
UK turnaround specialist Rutland Partners has hired transaction services specialist Liam Camburn from KPMG, boosting its investment team to ten people.