PAI Partners has bought a controlling stake in partially listed house-builder Kaufman et Broad from US housing group KB Home for more than €5-a-share below Kaufman’s market price last week.
California venture capital firm Emergence has closed its second, online software-focused fund on $200 million.
Equipment rental company RSC Holdings, purchased last year by Ripplewood and Oak Hill, raised $458 million in an initial public offering; the 20.3 million share offering raised less than expected, and the company’s stock has been trading below the IPO’s $22 per share price.
With the closure of its second energy fund on $3.1 billion, LS Power’s 5-year old private equity arm has become one of the world’s 50 largest private equity firms.
US media and communications investment firm Quadrangle has opened its doors in London, passing 3i, CVC Capital Partners and BC Partners, which have all started New York operations recently.
Turnaround specialist KPS has closed its third ‘special situations’ fund on $1.2 billion, after receiving commitment requests of more than quadruple its $1 billion target.
The Blackstone Group’s fourth fund has “shot the lights out”, according to one investor, making more than $15 billion in profit for its investors. The $6.45 billion fund has enjoyed a string of big wins.
Menlo Park, California-based Institutional Venture Partners has closed a $600 million fund – twice the size of its previous fund.
The Ontario Teachers’ Pension Plan has made its first investment in Europe since it opened its office last week, buying a large stake in Birmingham International Airport.
Kohlberg Kravis Roberts has sold Cleanaway after just 11 months, reportedly making a A$250 million profit.
The US firm has raised a fund six times larger than its predecessor vehicle focused on European real estate.
Black economic empowerment specialist Sphere has bought a 35.8 percent stake in software company Barone, Budge and Dominick. The software company had been looking for a business partner committed to the South African governmental programme designed to promote racial equality.
The investment arm of SVG Capital has closed its latest structured fund of funds €200 million ahead of target, while introducing innovation in the fund’s gearing.
A rising share price has derailed Brait’s plans to delist South African retailer Shoprite from the Johannesburg exchange.
Macquarie and TPG’s Airline Partners Australia consortium has quashed hopes of an improved bid for the airline, after the company’s board said another offer would need to be higher.