Stock market woes

Markets’ wild moves might make U.S. public pension funds vulnerable

Last week’s wild gyrations in global financial markets almost certainly exposed the vulnerability of U.S. state and local authority public pension funds which have piled into riskier assets in recent years, according to actuaries and other pension experts, Reuters reported.

JP Morgan Chase & Co. corporate headquarters

One Equity Partners to buy Augusta Capital

One Equity Partners, the former middle-market private equity arm of JPMorgan Chase & Co, is acquiring Augusta Columbia Capital, a buyout firm focused on technology investing, according to people familiar with the matter, Reuters reported.


BR Partners hones focus on M&A, debt as Brazil woes mount

BR Partners, the Brazilian investment bank founded by dealmaker Ricardo Lacerda, is countering the impact of Brazil’s worst recession in 25 years by carving out a greater role as a mergers and acquisitions adviser and a provider of structured finance, Reuters reported.

The Carlyle Group

Carlyle eyes UK software company Innovation Group

Carlyle Group is in advanced talks about buying Innovation Group for 40 pence a share in cash, valuing its equity at almost 500 million pounds ($769 million), the British software company said on Friday, Reuters reported.

Ironman Triathlon

Providence Equity sells Ironman Triathlon producer for 4x return

Dalian Wanda Group, headed by China’s richest man, on Thursday said it has bought the organiser of Ironman Triathlon races for $650 million, in a diversification push that the property developer said may involve another sports purchase by year-end.


KKR and Carlyle compete for Tesco’s South Korean business

Private equity firms have formed three separate teams to bid for Tesco’s South Korean business valued at about $6 billion, four people with knowledge of the matter said on Friday, in what is tipped as Asia’s biggest ever private equity deal, Reuters reported.

Brooks Zug, Lifetime Achievement Award, Buyouts East 2015, HarbourVest Partners

Lifetime Achievement Award: Brooks Zug

Brooks Zug, senior managing director and co-founder of HarbourVest Partners, received Buyouts magazine’s Lifetime Achievement Award in spring 2015.

Bon French

Lifetime Achievement Award: Bon French

T. Bondurant French, CEO and CIO of Adams Street Partners, received Buyouts magazine’s Lifetime Achievement Award in Spring 2014.

Solera Holdings logo

Solera explores sale to private equity

Solera Holdings Inc, which provides technology services to insurance companies, is in advanced talks to sell itself to private equity firms, according to a person familiar with the matter, Reuters reported.

Young professionals

TA Associates appoints 4 vice presidents

TA Associates said it hired four investment executives as vice presidents for its offices in London, Boston and Menlo Park, Reuters reported.

Abu Dhabi

Abu Dhabi’s Aabar Investments appoints Mehairi as CEO

Aabar Investments, one of Abu Dhabi’s top state investment firms with major stakes in companies including Dubai-listed builder Arabtec and Sir Richard Branson’s Virgin Galactic, appointed a new chief executive on Wednesday, Reuters reported.

Ride service app Uber

Tata Capital invests up to $100 mln in Uber: source

Uber India also said on Wednesday that its U.S.-based parent had received fresh investment from Tata Opportunities Fund, a private equity fund linked to India’s Tata Capital. The companies did not disclose the amount, but a source close to the matter said it was between $75 million and $100 million, Reuters reported.

The Royal Bank of Scotland (RBS) branch in central London

BlackFin Capital buys RBS’s Luxembourg funds business

British state-backed lender Royal Bank of Scotland has sold its Luxembourg-based funds business to BlackFin Capital Partners, a private equity firm that specialises in financial services, Reuters reported.

Double Helix

Illumina, Warburg Pincus, Sutter Hill invest $100 mln in new genetic company

Gene-sequencing giant Illumina Inc , private equity firm Warburg Pincus LLC and venture capital firm Sutter Hill Ventures have agreed to invest $100 million to seed a new consumer-facing human genome platform called Helix, according to people familiar with the deal, Reuters reported.