US buyout firm Summit Partners has taken a minority stake in private internet sale company Vente-Privee.com, as European internet companies show signs of recovery following European venture capitalist Index Ventures’ successful sale of Last.fm to US television network CBS.
The Houston, Texas-based company has closed its eleventh private equity fund on $1 billion.
PCG International has closed its first investment vehicle, a $400 million fund of funds backed solely by CalPERS.
AXA Private Equity has become the latest buyout firm to invest in electronic payments, through the acquisition of Welcome Real-time.
A director in the People’s Bank of China has called the country’s current rules ‘insufficient’ for investment needs.
As private equity in the MENA region shows spectacular signs of health, could the rest of the continent also experience a private equity boom? Toby Lewis reports.
San Francissco-based middle-market firm Genstar has closed its fifth fund on $1.55 billion – more than triple the amount it raised in 2004.
UK government-backed fund-of-funds CDC Group has invested in a microfinance fund, which provides banking services to emerging markets. Microfinance has grown more than seven times in the last ten years.
Warburg Pincus has led the funding round into Ukraine consumer lending business IMB Group, as private equity firms step up their involvement in the country.
The US’ largest pension fund has committed $500 million to Health Evolution Partners, a new private equity firm it created in part to lower the cost of enrollee health benefits. An additional $200 million has been allocated for similarly health-oriented fund of funds.
Fresh details have emerged in Blackstone’s latest pre-IPO filing with the US Securities and Exchange Commission about the long-term nature of its deal with China’s overseas investment vehicle.
A consortium of big-name banks, hedge funds and private equity firms has increased by 2.5 percent its offer for higher education provider Laureate. The board-agreed amendment increases the price-per share to $62, up from $60.50.
Nordic private equity firm EQT is chasing down the final cheques from “friends and family” investors in its industrial network for its second mezzanine fund, which could see it close on almost €500 million, a regional record.
Minneapolis, Minnesota-based Norwest Equity has invested alongside Lightyear Capital construction equipment rental firm Neff in a $900 million transaction, and simultaneously announced the sale of logistics services provider Jacobson Companies to Oak Hill.
Abraaj Capital, a Dubai buyout firm, is leading a consortium to take the Egyptian Fertilisers Company private eclipsing the firm’s previous record-breaking investment in EFG-Hermes, an Egyptian investment bank.