Nordic buyout firm Industri Kapital has achieved a 3.5 times return on its investment by selling veterinary laboratory Ceva Santé Animale to a private equity consortium.
The US private equity community has contributed substantial sums to the ever-expanding war chests of the US presidential hopefuls. Republican candidate Mitt Romney, the co-founder of Bain Capital, has predictably been the most generously supported.
Macquarie has hit back at claims that it misled workers over pension schemes at Airwave, a police radio business it has just bought for £2 billion. The Australian bank has blamed the confusion on the vendor, Telefonica subsidiary O2 Europe.
Ted Schlein, Kleiner Perkins Caufield & Byers partner, has been elected chairman of the board of directors for the National Venture Capital Association.
San Francisco-headquartered Hellman & Friedman has closed its sixth fund on $8.4 billion, days after announcing massive profits from the sale of DoubleClick.
Canada’s largest communications company, BCE, has announced it is in buyout discussions about a potential $28 billion privatisation.
Venture capital firm TVM Capital has backed two firms in the space of a week, investing $20 million in a UK submarine company and $12 million in a US-based media services group.
San Francisco-based buyout shop Hellman & Friedman has sold digital marketing firm DoubleClick to internet behemoth Google for $3.1 billion – two years after having taken the firm private for $1.1 billion.
Former Goldman Sachs partner Scott Gieselman joins Texas energy private equity specialist Natural Gas Partners as managing director.
The San Francisco private equity advisory firm has hired Adam Frieman from UBS for relationship management and liquidity management.
Vintage Venture Partners, an Israeli fund of funds and secondaries firm, has closed its third fund at $125 million.
Half of UAE-based Khaleej Finance and Investment’s $200m Indian private equity fund will go into the country’s real estate sector.
The Silicon Valley venture firm has raised $435m for its ninth fund, on the way to a reported $600m target.
The Silicon Valley venture firm, renown for backing tech startups like eBay and Second Life, has hired former Electronic Arts vice president Mitch Lasky as its eighth partner.
John Leone has joined the US-based firm’s healthcare team, which recently lost three partners to Cowen Group’s new healthcare royalty group.