Sagitta Private Equity, a private equity firm investing in small UK mid-market companies, has closed its latest fund at £105m – beating its £75m target by 40 percent.
The US venture capital firm will take on the formerly bankrupt IT company’s venture capital portfolio in exchange for management fees and a cut of the realizations.
The US investment firm has purchased €35m of Abbey National’s existing LP interest in Hutton Collins’ debut mezzanine fund, as well as making an additional €40m commitment - taking the firm’s fundraising to €200m.
The Waltham, Massachusetts and Menlo Park, California early-stage venture capital firm will continue to finance data communications, and software and service companies.
The Polish private equity firm has held a first close of its €300 million fifth fund, securing commitments from pension funds, insurance companies and financial institutions in the US and Western Europe.
Energy Investors Funds Group closes a US fund for investment in power plants and ‘clean’ energy projects, and announces its independence from Deutsche Bank.
Sir Richard Sykes is to become chairman of Medeus, a new company which has acquired the drugs marketing arm of Elan Corporation in a $120m MBI funded by Apax Partners.
The two firms are equally partnering with company management to acquire technology services company BBNT Solutions, the creator of the first network e-mail, from Verizon.
The New York- and Cleveland, Ohio-based middle-market specialist beat its original fundraising target set in June 2003, raising almost double the capital of its previous fund.
After only four months of fundraising, the Palo Alto firm surpasses its original mark with its fifth fund, which will target venture capital investments in expansion, late-stage private and public technology companies.
Today's investors in private equity are looking for firms, not funds. Texas Pacific was able to offer just that.
Non-US investors, and an emphasis on operations and succession planning lead to fundraising success.
The US energy investment specialist, operating out of offices in San Francisco, Boston and New York, will target power and electric utility deals.
CDC Capital Partners, the UK-based emerging markets investor, has completed a $26m mezzanine investment in Orascom Telecom Algeria as part of a €545m funding package for the business.
Sterling Capital Partners is backing the nationwide expansion of Florida Coastal School of Law, a for-profit law school.