Value-added funds in Europe are having an easier time deploying capital than opportunity or core funds, according to a survey released by a European trade organization.
The Euronext affiliate of KKR has committed to the largest ever proposed buyout both as a co-investor and limited partner, contributing $500 million to the deal.
Macquarie Global Property Advisors, the private equity real estate arm of the Australian bank, has acquired the Temasek Tower in Singapore in a $660m transaction.
Pundits are questioning the merits of the $45bn proposed buyout of Dallas, Texas-based utility company TXU by KKR, TPG, and Goldman Sachs.
Tony Blair, the UK Prime Minister, has come to the defence of private equity as the industry continues to come in for criticism from trade unions and members of his own party.
Baird Private Equity, a US mid-market private equity firm, has partnered Tholons, an advisory firm with operations in Bangalore, to provide local support and expertise to its portfolio companies based in the US and Europe.
New York-based Auda Private Equity has closed a $787 million fund of funds and co-investment vehicle.
The Carlyle Group announced the firm hired an Ernst & Young veteran from the region to advise the firm’s investments within the country.
The Kuwait Finance Center has launched a new $200m fund focused on the Middle East and Northern Africa.
The French quoted investment group with €6 billion under management has rationalised its business and sold its non-core interests in venture capital and real estate for $214 million to US insurer AIG.
On Sunday night, the board of US energy giant TXU gave tentative approval to a record bid from KKR and Texas Pacific Group. The largest-ever LBO includes a key concession to environmentalists, according to reports.
The consortium buying Alexander Forbes, a South African financial services group, has increased its offer despite having agreed the deal three months ago.
As the storm around UK private equity escalates, the workers’ union is organising a fifth strike at 3i-backed car park operator, while it cedes the strategic direction of its campaign to the TUC, a pan union group.
Investcorp, a Bahrain-based alternative assets manager, has sold APCOA, a car park operator, to Eurazeo, the French investment group in its first deal outside of France.
The well established Kirkland, Washington-based early-stage venture capital firm has closed its largest fund to date.