Goldman Sachs’ director of media relations for the Americas, Peter Rose, is moving to Blackstone, where he’ll focus on public affairs.
Lehman Brothers’ private equity arm has hit its $500m fundraising target for a listed fund of funds despite planned flotations of other alternative asset vehicles being knocked off course.
Despite the ongoing problems in the debt markets, Inflexion Private Equity has successfully refinanced the senior debt of the UK-based Ilchester Cheese Company at 2.5 times EBITDA.
Goldman’s Urban Investment Group, along with Pharos and Haas Wheat, purchased healthcare staffing company Nursefinders from Gryphon for an undisclosed amount.
Citicorp Venture Capital has purchased regional US soft drink company Big Red for an undisclosed amount.
In an unprecedented step Blackstone has revealed its partners’ tax liability in a rebuttal of a US newspaper report.
Hillary Clinton has become the latest Democratic presidential candidate to speak out in favour of carried interest tax reform. Earlier this week ex-Fortress advisor John Edwards slammed a tax code that lets GPs ‘pay taxes at a lower rate than their secretaries’.
Pamodzi Investment Holdings, a South African black economic empowerment vehicle, has reportedly smashed the record for private equity fundraising in Africa.
Draper Fisher Jurvetson marks the latest stage in its global expansion setting its sights on Europe again, after its flawed attempt in 2000, this time through a stake in Esprit Capital Partners.
Four directors have been appointed at UK government-backed emerging markets fund of funds CDC, as the business continues to diversify its investment activities.
Altamar Private Equity, a fund of funds manager with exclusively Spanish investors, has closed the country’s largest fund yet on $575m, underlining investor appetite.
London-based services group Savills has acquired New York real estate investment bank Granite Partners for $54m.
European buyout firm CVC Capital Partners has bought engineering company DYWIDAG-Systems International from Industri Kapital, delivering a triple digit IRR and a double digit return on its investment after two years.
The International Finance Corporation, the private sector arm of the World Bank, and emerging market buyout firm Aureos Capital have set up a fund to improve the environmental and social performance of small companies in emerging markets.
Dubai-based buyout firm Abraaj Capital has entered a strategic alliance with United Arab Emirates gas company Dana Gas, shortly after its record-breaking deal to buy the Egyptian Fertilizers Company.