Six venture firms have sold their stakes in Postini to Google, the search engine company’s third biggest acquisition in its history.
Venture firm Highland Capital has closed a $300 million, retail- and consumer-focused fund, which will be led by Staples co-founder Tom Stemberg and Ted Philip, a founding member of search engine and web portal Lycos.
The San Francisco-based private equity firm has closed its seventh, energy-focused fund with $1.35 billion in commitments – nearly double the size of its previous fund.
The alternative assets manager is capitalising on the booming wealth of the Gulf region with a spate of new buyout, mezzanine and growth capital funds and an almost 50 percent increase in client assets.
Bruno Deschamps is leaving US buyout firm Clayton, Dubilier & Rice to lead 3i’s French team, underlining the FTSE100 company’s international ambition.
The French insurer’s private equity estate ranges from large secondary funds to small venture investments, its latest €353m fund will target small cap transactions.
A detailed report by KPMG and the Gulf Venture Capital Association has revealed the extent of the boom in the MENA region, Toby Lewis examines the figures.
US firm JMI has doubled the size of its previous fund – and its capital under management – with the closing of its sixth fund on $600 million.
Millennium Technology Ventures has bolstered its senior investment team as its founders prepare for a spike in secondary opportunities they expect from an eventual market downturn.
Investment bank Barclays Capital has appointed veteran buyout manager John Lovering as vice chairman. Lovering has played a key role in some of the UK’s most successful private equity deals, although his stellar reputation has been blemished slightly by the recent travails of Debenhams, the UK retailer he chairs.
Recently-listed private equity stocks are under-performing on both sides of the Atlantic, casting doubt on the future ability of buyout firms to tap the public markets for additional capital.
Fortress Investment Group has closed on third party commitments worth $5 billion for its latest two private equity funds.
The Robert Bass-led firm has strengthened its aerospace portfolio with the acquisition of air cargo company Southern Air. The deal puts the firm on track to own 22 freight aircraft.
US retailer The Container Store has agreed to be sold to Los Angeles-based Leonard Green & Partners.
A Cornerstone Partners-led consortium of three firms has sold Polish private healthcare operator Lux-Med to Mid Europa Partners, after quadrupling the number of patients on the company’s books.