Growth in internet advertising is fuelling media consolidation and private equity is playing its role the tune of €19bn with deals like Clear Channel boosting the total, writes Jennifer Bollen.
The middle market buyout shop has increased by $200m its third fund, which closed in May 2005 on $650m.
The energy specialist has named Kristin Custar director of investor relations and Anne Gold as chief administrative officer, along with six additional promotions.
The private equity world could see another record broken if KKR and Texas Pacific group are able to acquire energy company TXU Corporation for $45bn, surpassing the $39bn Equity Office deal.
Dominic Shorthouse’s mid-market fund has closed its second fund despite only exiting two investments from its first fund in 2002.
Citigroup Property Investors has closed on its Asia Pacific real estate fund on $1.3bn, including a $200 million commitment from the financial services giant.
Providence Equity Partners is opening offices in Hong Kong and India to support growing investment activities in the region. The private equity firm has recruited in Hong Kong.
The San Francisco-based private equity firm has a new senior partner.
Former gatekeeper David Hutchings is returning to his gatekeeper roots with a plan to build a private equity business at Albourne Partners, a hedge fund advisory firm.
The Palo Alto technology private equity firm has invested in Automated Trading Desk, an automated electronic retail trading technology company.
In the wake of the departure of co-founder David Tanner, the New York media and communications investment firm has promoted Jeffrey Nordhaus to managing principal.
The US financial services giant has closed its latest buyout fund $800m ahead of target as it looks to leverage its relationships with buyout firms for co-investment opportunities.
The Boston-based firm has announced 18 new institutional investors, five years after closing a $90m predecessor fund.
$401 billion raised worldwide – buyout alone accounts for $204 billion. Private Equity Intelligence’s 2007 Global Fundraising Review reveals the success that private equity firms had in raising new funds in 2006.
The UK venture firm has joined in a fresh round of funding of Plastic Logic, a flexible display developer it seeded, to build a factory.