Global buyout firm Advent International has completed its reorganisation of its central and eastern European operations with the opening of an office in Ukraine.
Media group SMG has sold outdoor advertising business Primesight to buyout firm GMT Communications, easing the financial difficulties faced by the seller’s board.
US investment bank Lehman Brothers has reportedly hired Jeb Bush, the US President’s brother, to advise its private equity business.
Franko Neumetzler, the owner of German lighting company SLV Group, has sold a sizeable part of his majority stake to European buyout firm HgCapital, as he looks to resolve succession problems at the company he founded.
Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.
Sir Richard Branson’s Virgin Group is making its first ever foray into institutional private equity, raising a $400 million Virgin Green fund to invest in renewable energy opportunities.
Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.
Emerging markets buyout firm Aureos is looking to raise a pan-African fund as it aims to double its funds under management.
Venture Production has acquired troubled oil and gas exploration company Wham, shortly after receiving a growth capital investment from FTSE-listed 3i and electric industry specialist Arclight Capital Partners.
The success of buyout firms in South Africa has helped the African region enjoy record private equity investment this year. However, the rest of the continent is far away from reaching the sophistication of its buyout hub, despite significant growth.
The Carlyle Group has moved to shore up its Euronext Amsterdam-listed vehicle Carlyle Capital Corporation, following rival Kohlberg Kravis Roberts’ $500 million bail-out of its investment vehicle for the mortgage market.
Europe’s largest quoted private equity company 3i is investing alongside its listed infrastructure vehicle in a debut Indian infrastructure fund. Together they will account for half the fund’s capital. Third-party investors will fund the remaining $500m.
The Nordic group has told investors that it is planning to add yet another string to its bow, with the launch of a €1 billion infrastructure fund.
Novator, the acquisition vehicle of Icelandic businessman Thor Bjorgolfsson, has sold its 65 percent stake in a Bulgarian telecoms company for €1.6 billion to AIG Investments, a year after it bought the business from an Advent International-led consortium.
CalSTRS may follow in the steps of crosstown rival CalPERS, selling portions of its portfolio through the secondary market. Last month its board approved this – and two other – significant policy changes.