The Kuwait Finance Center has launched a new $200m fund focused on the Middle East and Northern Africa.
The French quoted investment group with €6 billion under management has rationalised its business and sold its non-core interests in venture capital and real estate for $214 million to US insurer AIG.
On Sunday night, the board of US energy giant TXU gave tentative approval to a record bid from KKR and Texas Pacific Group. The largest-ever LBO includes a key concession to environmentalists, according to reports.
As the storm around UK private equity escalates, the workers’ union is organising a fifth strike at 3i-backed car park operator, while it cedes the strategic direction of its campaign to the TUC, a pan union group.
Investcorp, a Bahrain-based alternative assets manager, has sold APCOA, a car park operator, to Eurazeo, the French investment group in its first deal outside of France.
The well established Kirkland, Washington-based early-stage venture capital firm has closed its largest fund to date.
The US based manager focused on the Ukraine and south east Europe has lined up a list of blue-chip investors to close a €250m fund, 25 percent ahead of its target.
New York frozen dairy dessert retailer Tasti D-Lite has been acquired by buyout firm SPG, which sourced the deal from buyout legend Thomas H. Lee, who is also one of the deal’s co-investors.
The Bank of America spin-out has closed its second fund, and transferred the ownership of its portfolio from the banking giant to 12 new limited partners.
The middle market buyout shop has increased by $200m its third fund, which closed in May 2005 on $650m.
The energy specialist has named Kristin Custar director of investor relations and Anne Gold as chief administrative officer, along with six additional promotions.
The private equity world could see another record broken if KKR and Texas Pacific group are able to acquire energy company TXU Corporation for $45bn, surpassing the $39bn Equity Office deal.
Dominic Shorthouse’s mid-market fund has closed its second fund despite only exiting two investments from its first fund in 2002.
The San Francisco-based private equity firm has a new senior partner.
The Palo Alto technology private equity firm has invested in Automated Trading Desk, an automated electronic retail trading technology company.