The UK software-focused venture firm has closed its second fund on nearly double its £25m target after 10 months in the market.
The global buyout group is having a week of firsts, having closed what it says is the first industrially-focused, mid-market Japanese private equity fund raised by an international firm just a day after making its maiden investment in the Dominican Republic.
The addition of former Skanska Infrastructure Development chief Simon Hipperson comes as the firm continues to build its team amid a reported $10bn fundraising effort.
The Dubai Government-backed investment firm’s emerging markets arm has purchased a 45 percent stake in KEF, the Middle East’s first fully automated steel castings foundry.
Amid tough fundraising conditions for first-time funds, the CVC and Permira spin-out fell shy of its £250m target but rounded up commitments from big fund of funds players including Pantheon and OXIP.
Bob Stefanowski, a 14-year General Electric veteran who most recently headed the firm’s European corporate finance division, will lead 3i’s push into North American growth and infrastructure investments.
SVG Asia’s first fund of funds has already made commitments to managers including CVC, Navis, Affinity and Actis. Its investment activities will be headed by former Hermes Private Equity executive Khim Tan.
The US private equity firm is raising its first India-dedicated real estate fund, following a significant allocation in India from its previous $2.5 billion global fund.
In a bid to consolidate the industry at the start of a ‘nuclear fuel cycle’, the US energy industry specialist has recruited two veterans of nuclear power to form Accord Nuclear Resources, a platform from which to build an integrated nuclear fuel supplier.
Gautam Bhandari, previously part of the bank’s investment banking division in New York, is moving to Mumbai to head up Morgan Stanley Infrastructure as it seeks to invest part of a $4bn global fund in India, the Middle East and Sub-Saharan Africa.
The Nordic mid-market firm led by ex-IK man Harald Mix has closed its third fund on target at €2bn despite 'turbulent' fundraising markets. About 95 percent of the commitments came from previous Altor investors including Harvard and Swedish insurance Group Länsförsäkringar.
The UK-listed private equity firm has drawn on talent from the European Bank for Reconstruction and Development to staff its Central and Eastern Europe team.
The lower mid-market firm has sold German automotive and aerospace engineering consultant, IndustrieHansa, for an undisclosed sum, just two years after acquiring it. The buyer was Findos Investor, a fund backed exclusively by German family-owned companies.
The UAE-based buyout group has appointed industrialist Farrukh Abbas to head the firm’s developing Pakistan operations. Abbas will be charged with managing Abraaj’s three portfolio investments in the fast-growing economy as well as sourcing new opportunities.
Following its massive investment in Macau casino and hotel operator Galaxy, the firm has hired a former Goldman banker in its recently established Hong Kong office to lead its efforts in Greater China.