Segulah, the Nordic mid-market firm, has closed its fourth fund on more than €500 million, five times oversubscribed, seven weeks after issuing its private placement memorandum.
Grupo Gayosso, Mexico’s largest funeral services company, has been acquired by Advent International in a transaction valued at $317 million, including $40 million in subordinated debt.
After three years at Morgan Stanley spin-out Metalmark, Eric Fry has been appointed partner at the investment bank’s new private equity arm. Meanwhile, Morgan Stanley Private Equity’s London team has hired former Allianz Capital pro Michael Hehn.
SVG Capital, the UK fund of funds, has hired James Witter (pictured) and Sharad Rathke as directors after making a trio of appointments last month.
Indian infrastructure firm Zeus Infra-management and Global Infrastructure Partners have bought East India Petroleum as private equity firms continue to invest strongly in the oil and gas sector.
Octopus Private Equity and Foresight Group, the small and medium enterprise investors, have sold their controlling stakes in outsourcing company Covion Holdings with an 84 percent internal rate of return over two and a half years.
Syncom, a US venture firm that typically targets African American- and Hispanic-owned media and communications companies, has garnered $275 million from influential limited partners for its fifth fund.
LGT Capital Partners, the Swiss alternative asset manager, has turned away investors following strong demand for its latest fund of funds targeting the small buyout space.
Abraaj Capital, the Dubai-based investment firm led by Arif Naqvi, has held a record close on its infrastructure and growth capital fund as it mulls listing on the Dubai stock exchange DIFX.
GMT Communication Partners, the European communications buyout firm, has bolstered its digital media team by recruiting Natalie Tydeman from television production company Fremantle Media.
The European buyout group has more than doubled its predecessor fund with its latest close, while its 2004 fund has fully paid back investors after three exits.
The investment banking arm of UK bank Barclays has appointed Ramon Walsh to its leveraged finance team confident the loan market will recover in 2008.
The €40 billion private equity investor has more than doubled its mezzanine mandate from its former pension fund parents, expanding its remit to include Europe and opening its London office.
Two weeks after announcing its newly-formed Russian affiliate, Draper Fisher Jurvetson has established an Israel fund in conjunction with Israeli VC firm Tamir Fishman Ventures.
The UK fund manager owned by insurance group Aviva is to put its experience of private equity fund investing at the disposal of its clients in a rolling programme of annual partnerships.